Single family homes in the Montgomery, Texas area continue to increase over time. The average listing price for a home is now $468,640 which is an increase of 24% or $92,000 since this time last year. Average sold prices have also increased from $285,000 to $320,000 over the same period.

 

Market Report graph for May 2015

 

These numbers are expected to increase over the coming weeks as the spring buying season is upon us. Since the number of active listings continue to increase, the increase in value can be attributed to a higher demand, rather than a shortage in supply. This could point to the fact that a growing number of households still view home ownership as a high quality, long-term investment. First time home buyers and existing homeowners remain extremely active in today’s real estate market.

These are some of the reasons why the number of active listings in Montgomery increased by 9.2% from the previous month. Demand for home ownership housing is still very high relative to the number of homes available for sale in May. This is not expected to change as the real estate market shifts into the spring buying season which is typically a very busy time of year.

The number of days on market is still considerably shorter than the national average and currently stands at 64 days. Although home values are increasing, buyers are taking their time making decisions since there are still a large number of listings available on the market. Until the market experiences a sustained period in which listings grow at a faster pace than sales, annual rates of home price growth will remain strong and will continue to increase over time.

Please contact me for more information regarding the housing market in Montgomery, Texas and surrounding areas.

Staged Victory: Chicago Area Team Stages Its Way to Multi-million Dollar Success » KW Blog.

Hurry Up and Wait!

August 21, 2013 — Leave a comment

“I am a soldier, I fight where I am told and I win where I fight.” ~ General George Patton, Jr.

Is there a better way to start a blog than with a GEN Patton quote?  Fortunately… NO, however that is not the reason I chose to open my blog with that particular quote.  The truth for every service man and woman is that you will be “told” to relocate at least one time while wearing the uniform.  Depending on your circumstances, it could be as easy as getting your barracks room assignment or as difficult as moving your entire family.  You may be moving on-post, or off-post, depending on availability and personal preference.  You may be moving your family with you, or leaving them for a short period while you go on TDY.  Moving is inevitable… but it doesn’t have to be hard.

Though your situation is unique as compared to most home Buyers, Sellers, and Renters, it is not unmanageable.  There are people who are willing to give you the stellar service you (quite frankly) deserve.  You should be afforded Loyalty, Patience, Speed, and Communication at a minimum.  That is the standard, and that is where I come in.  I wore that uniform and I understand the ups and downs, as well as the benefits and complexities of military life.  I also understand the decisions you face when moving [such as]:

  • Are you moving on or off post?
  • Are you renting or buying a home?
  • Do you need to sell your home?
  • What type of financing would best suit your needs?
  • What are your options?
  • Where can you save?

These are only a few questions you’ll be asking, and you need a real estate professional who understands your needs and can present you with all your options.  I can help you move to and from any location at any time.  I want to be your resource.  I want to help.  I want to make it easy.

Contact me with your questions and experience the service you deserve.

Thank you for your service!

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“I like to see a man proud of the place in which he lives. I like to see a man live so that his place will be proud of him.” ~ Abraham Lincoln

After all, you deserve it. You have literally fought for it, or are currently fighting for it. For this indisputable reason, the Veteran’s Administration has ensured you have opportunity to be a proud homeowner…

The largest benefit that comes to mind with regard to Service Members and Veterans is the VA Home Loan: zero down, lower-than-average interest rates, and the ability to roll-in some of the closing costs into the loan are only a few of the features to this benefit. I use it, I’ve refinanced with it, and I’ve recommended to my military friends to do the same. Is that, however, the only benefit you receive concerning home ownership? NO! There are other significant programs out there that aren’t as widely publicized, but they could save you thousands of dollars upfront and over the life of your loan.

What about the Service Member that is currently using the VA Home Loan and they get orders to PCS elsewhere? If he or she sells, they could very well be upside down on their investment. You need time to build equity in your home. What happens when you don’t have any equity? What options do you have? Is renting your home a possibility? What are the common pitfalls in renting your property? How does that affect your taxes?

What if you want to buy another home and the VA Home Loan option is out? What other options do you have? What if you’re a first-time home buyer and you’re weighing all your options? Should you use your VA Home Loan right now?

What if you have to sell your home, and you can’t make up the loss that may be associated with it? Sure, the economy is improving, but there are many struggling homeowners out there who think Foreclosing is the only option… and that doesn’t exclude military and veteran homeowners. There are other options.

There are many different courses of action with regard to real estate, and there is much information to consider when it comes to one of the largest economic investments you will make over your lifetime. Your circumstances are different with every transaction. Your lessons learned ensure you get better and better at the decisions you make in your real estate dealings, but information and programs are always changing. How do you stay on top of this information? How do you educate yourself?

My goal is to be your resource. I want to help you weigh your options. I want to ensure that if I can’t be there to help you through this process, that I have put into place a team for you to meet you both physically and mentally where you are at. I’ve heard story after story of my military friends either getting taken advantage of, or not getting the service they deserve. I will explore many topics on this blog, where the weight of it will be about real estate and you: the Veteran, Soldier, Sailor, Airman, and Marine.

Please feel free to contact me anytime, or leave a comment. I look forward to serving you with all of your real estate needs.

– Trooper

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