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The Woodlands and surrounding communities now have a radio show. It is a way for residents to connect with one another. It is a way for us to feature some of the leaders of the community and give them a venue for sharing their message. We want the show to be valuable and intelligent - informative and entertaining. This weekly show airs each Thursday at noon. If you, or someone you know, have information that would be valuable in this community forum - please contact Kathi Frank so we can talk.
Date / Time: 1/18/2009 2:26 AM UTC
Good evening Neighbors, Although this blog is primarily a community blog linked with The Woodlands Talk Radio Show, when I read the US News story below - I was mighty glad that we are no where near that list. See link below: http://www.usnews.com/blogs/the-home-front/2009/1/15/americas-top-25-home-foreclosure-cities.html In fact, the national news has many real estate buyers and sellers fooled into thinking that the entire national real estate market is crumbling. The truth is that it is affected -- but not severely. The Woodlands real estate market just reached the tipping point of being what is deemed a "buyer's market". Experts claim that an average market time of six months is a balanced market. When homes stay on the market less, it is a seller's market and that is what our community has become accustomed to experiencing. Real estate sellers in our area do need to carefully price their home and stage it well to compete with the growing inventory. However, with the technology tools available to us and the seller's willingness to price/stage agressively - homes are selling extremely well. That means if you overprice or fail to dress your house for success, you may linger on the market for more than 6 months.
All in all, foreclosure in Montgomery County is a rare occaision. For those that want to consider wealth building by purchasing homes to hold and rent, this is an exceptional opportunity. Be sure to work with a real estate agent that knows how to crunch the numbers with you to assure positive cash flow. (that takes years of experience) But with careful acquisition of the property and carefully selected tenants, there has never been a better time to get your money out of the stock market and into an investment that never loses all it's value.
Don't you wish you would have bought real estate six months ago rather than keeping your money in a stock portfolio? It is not too late. In fact, the increase in inventory is continuing to motivate sellers into taking lower prices. You and I can negotiate a real wealth-building acquisition right away. Are you ready?
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