Seller's Market in Houston metro area (Allen, Katy: sales, apartments, how much)

[S.Allen]

If you price your home sanely....yes, it IS a seller's market in Houston right now.

[Failed Engineer]

It's definitely slower today than it was 3 weeks ago. It's still a sellers market but not overheated like it was at the beginning of summer.

[tewest86]

Originally Posted by S.Allen

If you price your home sanely....yes, it IS a seller's market in Houston right now.

This kinda of makes no sense? How does it have to be priced accordingly when supposedly people are offering $20k-50k over asking? So when not price it there initially to avoid the fake bidding war? My home is in-line with every other home “sold” in my neighborhood. My home has more upgrades than other homes. I’m kind of getting frustrated because we leave and do all this cleaning for showings and nothing. It’s getting irritating to get the kids and dogs and get a showing that last for 2 mins. And their feedback would be “there is no game room upstairs”. Well no $&@? Sherlock. Did you not look at the pictures. We get all the great feedback how it looks just like the pictures and it’s so clean and bey but then no offers. I’m not lowering the price more because we don’t “NEED” to sell.

[Jtxg]

Originally Posted by tewest86

This kinda of makes no sense? How does it have to be priced accordingly when supposedly people are offering $20k-50k over asking? So when not price it there initially to avoid the fake bidding war? My home is in-line with every other home “sold” in my neighborhood. My home has more upgrades than other homes. I’m kind of getting frustrated because we leave and do all this cleaning for showings and nothing. It’s getting irritating to get the kids and dogs and get a showing that last for 2 mins. And their feedback would be “there is no game room upstairs”. Well no $&@? Sherlock. Did you not look at the pictures. We get all the great feedback how it looks just like the pictures and it’s so clean and bey but then no offers. I’m not lowering the price more because we don’t “NEED” to sell.

Have you considered having your agent point out specifically that there is no game room in the MLS? Years ago my parents sold a house that had all bedrooms up stairs. Feedback was always the same: don't want master up. So they had the agent specifically state all bedrooms up/master up. It cut down on showings significantly, but the people who looked at it at that point didn't care about the layout.

[tewest86]

Originally Posted by Jtxg

Have you considered having your agent point out specifically that there is no game room in the MLS? Years ago my parents sold a house that had all bedrooms up stairs. Feedback was always the same: don't want master up. So they had the agent specifically state all bedrooms up/master up. It cut down on showings significantly, but the people who looked at it at that point didn't care about the layout.

You might be right. I may need to add that. We’ve has 6 showings where they say no game room upstairs. It’s frustrating when we had family in town for the 4th and had to keep leaving for basically no reason because none of the showings resulted in an offer.

[S.Allen]

Dude, you have had what....3-5 days of selling?


Have some patience. It WILL sell and you WILL probably get your asking price (again...if it was sanely priced).


"my house has been on the market for 3-5 days and nobody has bought it - this market is crap"


Do you hear how crazy that sounds?

[RVD26]

Originally Posted by Jtxg

Have you considered having your agent point out specifically that there is no game room in the MLS? Years ago my parents sold a house that had all bedrooms up stairs. Feedback was always the same: don't want master up. So they had the agent specifically state all bedrooms up/master up. It cut down on showings significantly, but the people who looked at it at that point didn't care about the layout.

Our house, which is set for closing on Friday (knock on wood nothing pops up between now and then), has all bedrooms located upstairs and sat for a few weeks before an offer was made.
I know a lot of buyers don't like the master being upstairs, but we didn't really hear that as a complaint.
Oddly enough, the condition of the carpets was the major complaint we heard (we never replaced the carpeting in 12 years). I didn't think it was that bad and carpet is relatively cheap to replace anyway.
Thankfully, we were able to move into our new home first and didn't have to leave every time there was a showing.

[RVD26]

Originally Posted by S.Allen

Dude, you have had what....3-5 days of selling?


Have some patience. It WILL sell and you WILL probably get your asking price (again...if it was sanely priced).


"my house has been on the market for 3-5 days and nobody has bought it - this market is crap"


Do you hear how crazy that sounds?

I understand the OP's frustration when you hear about this seller's market right now that is supposedly the hottest it's ever been and your house just sits with no offers.
In a normal market that would be normal, but not now according to everything you hear.

[Chanteuse d' Opéra]

Originally Posted by Failed Engineer

It's definitely slower today than it was 3 weeks ago. It's still a sellers market but not overheated like it was at the beginning of summer.

I have noticed this as well...

[S.Allen]

Well, I have many relatives in the Houston real estate market and they said that the beginning of summer is always a spike in activity - even in slower years. People just got their kids out of school and want to move and get acclimated over the summer, before the kids start in a new school. I get that.


However, they still swear our housing market is hot and shows little sign of slowing down on a long term basis.


I just hope they don't run out of wealthy CA refugees that will pay asking price, when I go to sell my house and retire far away from Houston. LOL