Category Archives: Baytown

Mortgage interest rates are now over 7% for a 30-year fixed mortgage. That means fewer home buyers on the market. Increasing rates means placing mortgages and mortgage payments out of reach for the average home buyer.

Yet sellers are less active this year as well, and investors continue to search for homes. Many sellers are worried about the state of the economy and whether they’ll be able to keep their jobs. Nobody wants to buy a house just to foreclose a year later. 

That means housing price values have held here in Houston, despite catastrophic projections promising that home values would drop. 

One reason is that the inventory is still inadequate to meet the demand. This means there’s still plenty of room for someone who wants to sell their home to do so. It just means you’re going to have to wait a lot longer to do so if you want to sell your home in the traditional way. 

What should you do, as a Houston home seller, in light of this information?

The housing market hasn’t gotten any easier for anyone. Q4 of 2022 is looking like a tough market for both sellers and buyers. Mortgage interest rates are at 7% now, and inflation continues to be an issue for the entire country. 

Here’s what you need to know. 

For Buyers

Many buyers will struggle to find affordable housing in Houston. Inventories have remained low, prices have remained stable, and mortgage interest rates have gone up.

Higher interest rates mean higher closing costs, higher mortgage payments, and a need to produce a higher down payment. 

Many of the buyers who intend to use and live in a home are nervous about buying because the economy seems so uncertain. Avoiding foreclosure remains a major concern. 

For Sellers

Many sellers will have to hold on to their houses a lot longer. The national medium time on market is 50 days. That means paying for the home a lot longer. The higher interest rates could increase the chance that deals will fall through due to banks.  

In addition, cautious buyers are once again expecting fully repaired homes and reasonable prices. The era of getting dozens of offers in less than a week is over. So is the era of selling homes without an inspection, getting off scott free without having to make any repairs. 

If you need to sell fast waiting on an owner occupier to buy the house might not be your best bet. A service like ours, that buys houses for cash and does it fast, might well be the way to go, especially if you can’t afford to hold on to the house for months. That way you can get cash in hand without making repairs or waiting for months. 

Get Help Today 

When you work with us, you can sell your house and close in as little as seven days. You’ll pay $0 in commissions or fees, and you’ll receive a quick, fair cash offer. It’s a risk-free, hassle-free process.

In some cases, we even pay moving expenses! We’re here to help you take the stress out of selling your home. 

Not sure whether selling your home to us is the right move for you? Why not get an offer from us and find out? Work the numbers and see how they add up. You might find out you come out ahead. 

Press Release FOR IMMEDIATE RELEASE Gulf State Homebuyers, LLC Receives 2021 Best of Baytown Award Baytown Award Program Honors the Achievement BAYTOWN March 24, 2021 — Gulf State Homebuyers, LLC has been selected for the 2021 Best of Baytown Award in the Real Estate Developer category by the Baytown Award Program. Each year, the Baytown Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Baytown area a great place to live, work and play. Various sources of information were gathered and analyzed to choose the winners in each category. The 2021 Baytown Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Baytown Award Program and data provided by third parties. About Baytown Award Program

The Baytown Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Baytown area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value. The Baytown Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

SOURCE: Baytown Award Program CONTACT: Baytown Award Program

URL: http://www.2021company-honorselection.org