ASK A REALTOR REAL ESTATE
COMPILED BY BEN THOMPSON
CURRENT TRENDS Parker Kink recommended sellers complete cosmetic updates to accelerate and simplify the buying process, as buyers are willing to pay more at every price point for homes that are occupant-ready.
Local Realtors answer questions about trends and offer tips to homebuyers and sellers considering buying or selling a home in or around The Woodlands.
Parker Kink, Realtor and TeamLeader The Kink Team in The Woodlands
It’s a question mark. This market will drop. We are looking at going into a shifting market, and we’re already looking at it.
How have home sales and inventory trended recently in TheWoodlands? The sales across the board have been slightly more than 2017, except on the peripheries [below $250,000 and above $1 mil- lion], and days on market has been less at every price point. So homes are selling quicker without as many sales, meaning there’s [less] inventory as well. What parts of TheWoodlands are experiencing the most residential growth, and whymight that be? East Shore is continuing to grow, Creekside has a ton of commercial retail coming. ... The only new construction other than that Creekside area is May Valley in the back, which is still finishing out. It’s not been exploding with growth, but they are selling. Is this a good time to sell? If you’re thinking about selling anytime in the next couple years, you need to do it now. We’ve got our highest prices that we’ve had since early 2015; sales are still good. This spring, it’s going to be a great time to sell; next spring, it’s likely not.
WINDOW REPLACEMENT
ROOF REPAIR
What effects might themarket have on real estate in TheWoodlands? We’re still on the verge of a nationwide drop. … The question is, how fast, and how low will it drop? Now in The Wood- lands, when there’s a downturn, it holds its value a lot better than other areas. ... It’s more recession-proof than surround- ing suburbs. Buying a house in The Woodlands ... it’s almost always going to be a smart decision. What can sellers do tomake their homes attractive? For sellers that are doing the cosmetic work for the house ... those are the ones that are selling for highest dollar. Buy- ers, they commonly see “number of things to take care of” instead of just one dollar amount or something simple that could be negotiated in the transaction. … So if we can elimi- nate some of those projects in that buyer’s mind, even though it might be something simple like paint, fixtures, then the house sells a lot quicker for more.
PAINTING
NEWFIXTURES
Preparing a home for showing can also pay off for sellers.
PACK UP CLUTTER
CLEAN APPLIANCES & SURFACES
SOURCE:THEKINKTEAM/COMMUNITY IMPACT NEWSPAPER
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For more information, contact 281-681-0400
Prices, plans, specifications, square footage and availability subject to change without notice or prior obligation. Square footage is approximate and may vary upon elevations and/or options selected. Information given here is deemed to be correct, but not guaranteed. 01/19
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The Woodlands edition • February 2019
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