Moving for Your Life, Not Just Numbers
Moving for Your Life, Not Just Numbers
by Chantal Nguyen
from the Alliance Team with RE/MAX Results
Highlights
Many people in Houston are hesitant to sell or buy homes due to financial concerns and the possibility of a recession.
- Mortgage rates should not hold you back, as most consumers still feel optimistic about interest rates.
- Houston's strong major industries (shipping, medicine, and energy) usually make its market stronger than national averages.
- Houston has added over 20,000 jobs, indicating a strong demand for real estate.
- Most deals in Houston take less than three weeks, with single-family home deals taking a bit over one week.
- The equity in your current home can count towards your next purchase, and there are various lender options even if you don't use equity.
Intro
Many residents in Houston are hesitant to sell or purchase a home at the moment. Some are waiting for housing prices to increase, while others are waiting for interest rates to decrease. Additionally, there are those who are preparing for a potential recession. While financial considerations play a significant role, a recent survey conducted by realtor.com highlights that 25% of individuals make the decision to move based on personal reasons.
Why Should I Move?
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If you're considering buying or selling a home, it's important to think about the reasons behind your decision. Based on my experience, many clients seek my services for four main reasons
- weddings/divorce
- babies
- funerals
- retirements
Major life events drive major decisions. When people move, they move because "we wanted to expand our family", or "we wanted to be closer to our children". How often do you hear someone say "Well, in the first quarter, rates dipped so we decided to move to the optimal area"? If you need to sell or buy because your life has changed, don't let mortgage rates hold you back from what you need.
Optimism in the Housing Market
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We've been discussing the impact of rising interest rates on the real estate market, and it seems that buyers remain optimistic about mortgage rates, according to a recent national survey by Fannie Mae.
Here at the Alliance Team, we believe that the Houston market is typically stronger than national averages. This is because Houston is powered by three major industries: shipping, medicine, and energy. These are essential needs that people all over the world rely on - their goods, their bodies, and the energy to power it all.
In fact, a report from the Federal Reserve Bank of Dallas shows that Houston has added over 20,000 jobs, which is above the current trends.
Based on our own internal data, we've found that most of our deals in Houston have been completed in less than three weeks. Single-family home deals have taken a bit over one week on average. This indicates that there is still high demand for properties in Houston.
Overall, despite the rising interest rates, buyers in Houston remain optimistic about mortgage rates. With a strong job market and quick deal turnaround times, Houston's real estate market continues to thrive.
Exploring Options
If you have decided that your life needs a change, there might be more options than you think. Houston has a wide variety of places to live.
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| Houston Metropolis | Pearland, TX | Tomball, TX | The Woodlands, TX |
If you're looking to purchase a new home, did you know that the equity you have in your current home can be used towards your next purchase? Even if you don't have equity, there are still plenty of options available with lenders. To find out what's possible for your home purchase, we recommend reaching out to our preferred partner, Motto Mortgage Plus. They specialize in finding you the best mortgage options tailored to your needs.
Curious to learn more about Motto Mortgage Plus? We recently interviewed them on our YouTube Channel. You can check out the interview here. They shared valuable insights and tips that can help you make informed decisions when it comes to your mortgage.
So hang in there, Houston! The Alliance Team at RE/MAX Results is dedicated to helping you navigate these challenges and achieve your real estate goals. Whether you're buying or selling, our experienced team will provide expert guidance every step of the way. So don't let those rising interest rates get you down we've got your back!
Other Resources
What Rising Interest Rates Mean for Houston Real Estate
Call or Text us at 281-444-4848
Learn More About Us
Testimonials
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Chantal (Chau) Nguyen was an amazing realtor for my wife and I while we were looking for our first home. She always went above and beyond for us. For example, during the winter storm, where hundreds of people had reported burst pipes due to the water freezing within the pipes, she went out of her way to check on the house that we had an offer in on to ensure there were no issues. She is so knowledgeable, professional, and has so much experience, which makes her great at what she does! I was referred to her from my parents who worked with her many years ago and we will continue to use her and her team in the future!
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- Viet Nguyen
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My wife and I have worked with several realtors over the years. Chantal was the best. Professional but friendly and personable. Very pleasant experience. I would recommend her to family and friends.
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- Bill Futral
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Chantal made our first home rental a very pleasant experience. She & her team were professional and personal and assisted us every step of the way. Chantal’s responsiveness & communication not only helped with the logistics of the transaction, but also made us feel comfortable and secure. We highly recommend Chantal to anyone looking for a realtor.
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- Sonny Pham
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Chantal was dedicated, enthusiastic, and such an amazing realtor! she helped us find the best house for me and my family and helped negotiate a great price for us, we could not have asked for a better realtor! Thank you for your support 💖
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- Trinh Nguyen
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I moved to Houston from Ohio and I had the pleasure of working with Emilee Mercado. She was a so helpful with this process. She was so polite an always returned call she made this move a lot easier. Thanks again for all your help.
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- Dalonte Brooks-Trawick
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Chantal Nguyen really did a great job with related two listings this month. She used social media to promote the first listing and I had lots of showings and a fast sale. She gave great advice regarding prepping the houses and what buyers want to see.
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- Charlie Montgomery
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We worked with Emilee Mercado and she helped our family find a good home on a big interstate move that met our search criteria on a tight schedule. She helped in negotiations and execution of a good deal. We would recommend her to others and would work with her again. Thank you, Emilee.
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- Chad Nielsen
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I have been a client of Chantal for many, many years now having done multiple transactions with her. She never disappoints as she is always a phone call or text away. In our last transaction, she took the time to walk… …through the property and give us her honest opinion of what we needed to do. She even provided referrals to get the job done. She keeps up with the times so her clients can have the latest and coolest features on their listings, plus she puts herself out there on social media for maximum exposure. She will negotiate hard on your behalf so you can get the best outcome for your situation. She'll even give you moving boxes to make your transition easier. As professional as she is, Chantal treats you like family and that's why I keep coming back to her.
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- Anthony Nguyen
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Chantal was very professional, care about us and understand our needs. She was very down to earth and she knows what she is doing. I highly recommend her.
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- Jenny Espinoza
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Even under this hectic real estate limbo we are in, under the most ridiculous of circumstances, Chantal was able to not only get us the property we wanted, and she did it about as cool, calm, and collect as anyone ever could. Unorthodox things happened that delayed our signing but she kept fighting to get it done and she succeeded. Would use her many more times.
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- John Vega
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Chantal is exactly who you want to represent you. She walked us through each phase of the selling process and was in constant contact with us the entire time (except when she was driving). After only 6 days on the market, we had 13 offers and walked away with 8k OVER asking price!! If you're selling or buying, you want Chantal in your corner.
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- Julio Dwiggins
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So happy we found Chantal. She gave us excellent advice and received multiple offers on the property. We received 25k more than expected. Highly her and we will continue to use her and refer to our family members.
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- Ken Nguyen
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Chantal was absolutely amazing and so wonderful to work with! My process was so smooth and quick!! I didn’t have to worry about anything. Chantal was also very responsive. She helped me sell my home within 3 days on the market with multiple offers. That was fast, fast, fast!! I ‘m a very satisfied client and I highly recommend her!
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- Tonia Ellis
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Chantal was the most honest and upfront real estate agent. As soon as I walked in her office my wife and me liked her personality and she was professional I would recommend her to anyone.
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- Rossel Carvajal
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
