October 2020

The saying goes blink and you might miss it and that sums up October, blink and it will be over, and then the election, then Thanksgiving and the 2021 will be here. Hopefully 2021 will be a better year for everyone. So I was looking at some interesting numbers for bot the Woodlands and the Magnolia area. The statistic I was looking at was Days to sell, average. October is tracking to be around 47 days to sell. What is interesting about that is January was around 75 and July was around 62. The Woodlands and Magnolia are tracking within a couple of points from each other. So what does that mean….homes are selling fast–YES, YOU GOT IT, but also what this statistic could point to is the lack of inventory. Homes are not staying on the market unless they are over-priced, bad location or poor condition. Sooooo, it’s a sellers market and if your looking to sell you still need a top notch agent. (clearing throat sound here) Hint, hint. Selling your home in a sellers market has a unique set of challenges, it’s not all rainbows and unicorns. If you are trying to buy, patience is your virtue. Their may not be much out there but that doesn’t mean you have to buy a pig with lip stick on it—-it’s still a pig. Give me a shout I would love to help you to…

Live Life to the Fulllest
Scott Culberson
Broker Associate
CB&A, REALTORS

An Excerpt From my Book: Jack and Jill Go Up the Home Ownership Hill

Something a little different…an Excerpt From my Book: Jack and Jill Go Up the Home Ownership Hill:

“We return to our heroes Jack and Jill, with Jack returning from his monthly visit to the doctor.  “Jill, I’m back, Jill,”  shouted Jack as he entered their tiny condominium. “Yes Jack, I know you’re home, I could hear you when you walked up, through these paper-thin walls,”  said Jill crossly. “SOOO, get on with it, how was your appointment with Doctor Foster,”  enquired Jill?  “He told me that, yes, indeed, I have a brain and it appears to be mended.  ANNNNNND, no more monthly visits,”  Jack smiled.  “Perfect, Jack, it’s time for us to dive into our next check point,”  said Jill eagerly.  And this is what they read:

[ ]Chapter 5 Keep AN OPEN MIND

When you are searching for your next home you MUST keep an OPEN MIND. Unfortunately, your next home will not come alive and tell you, “I’m the perfect home for you,” while trumpets play, and confetti falls from the sky.  You will pick your next home by taking the time to research and visit the homes.  It is kind of like an interview process…you will interview many before you find the best fit for your needs…”

That is just a small excerpt from Jack and Jill Go Up the Home Ownership Hill The Home Buyer Checklist You’ve Been Looking For.  This book is available in paperback and Kindle versions on Amazon.com or contact me for a complimentary copy.

I’m Scott Culberson, Broker Associate, Better Homes and Gardens Real Estate Gary Greene, 9000 Forest Crossing, The Woodlands, Texas 77354.  Contact me by email: Scott@ScottCulberson.com or phone/text 281-467-4691

I’m here to help you to…

LIVE LIFE TO THE FULLEST!!!

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Best Practices for Buying a Brand-New Home

Today’s topic is best practices for buying a brand-new home.  First let me make sure we are all on the same page, when I say brand new home, I mean a home that you will be purchasing from the company that built the home.  Real estate agents typically call this new home construction.  I think that covers it…new home construction is a home that:

1) is going to be built just for you

2) the building process has already been started—but you can buy this home and move in when it is   completed

3) is built and ready for you to buy. (also known as a spec home or inventory)

Some builders LOVE to have inventory homes available for you to purchase.  It’s simple, you love it, you buy it, this home is anywhere from 90-98% ready to be bought and lived in.

These three options make buying new home construction very appealing to potential home owners.  The new home owners could, and I will stress “could” have some say in the details for their home depending on which option is available to them.   Some builders allow lots of customer choices while others may give limited or no choices.  Choices could be the front elevation or how the front of the home looks…you can pick option 1,2 or 3.  or maybe a choice in tile or countertop.

You have options when you buy new home construction and you have the option to have a licensed real estate agent represent you.  New Home sales consultants are full time employees of the builder.  Because of this, a new home sales consultant is not required to have a real estate license or any of the required training that licensed real estate agents are go through.  Some new home sales consultants were once real estate agents, but the builders will make them place their real estate license as inactive in order to be an employee.  This is how the builders do business and they are within their rights to train their sales people how they see fit.  Builders typically see an employee with a real estate license as a conflict of interest and a potential problem since they receive 80% or more of their customers from real estate agents.

If you have a real estate agent and you want to look at new home construction take them along.  You want to have someone that represents YOU in any real estate transaction.  Your real estate agent can review the contract with you, negotiation price/upgrades, can help you with inspections, and help you stay within your budget when you go to the design center and pick the tile, counters, etc.  If you decide to go it alone, well… you will get no representation, no advise and counsel and no one to lean on when needed and there is always a need for help.

Myth—New home construction sales consultants do not like real estate agents

Fact—-New home construction sales consultants love to work with real estate agents that work for the best of their clients.  Remember 80% or more of new home construction buyers come from a real estate agent.

So, if you want to buy new home construction, GREAT!!!  Best practices…you will probably have an even better experience if you have a licensed real estate agent representing you.

 

I’m Scott Culberson, Broker Associate with Better Homes and Gardens Real Estate Gary Greene, email Scott@ScottCulberson.com.  Reach out to me, I would love to help you to…

Live Life to the Fullest!!!

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