Are you curious if buyers are still purchasing homes and house hunting? Well I am here to tell you yes. May was profitably my most successful month to date (over the last 5 years), by closing 14 transactions, and June was my busiest month to date! I even read an article that stated May was the busiest month for new homes sales in all years of record keeping. Wow!
Well, I wanted to share with you an article I came across today. It is about how buyers are still in the market, and near desperate to buy a home. These buyers are even proclaiming ‘I’d Risk COVID-19 Exposure for My Ideal Home’.
A surprising number of house hunters have declared just how important it is to find their dream home during the global health crisis, even at the risk of their own health.
In a recent survey conducted by Helitech, a foundation repair company, 37% of 980 buyers said they’d “risk COVID-19 exposure to obtain my dream home.” The consumers surveyed either are in the market to move, started their plan to do so prior to the pandemic, or recent purchasers.
But while buyers are ready to conduct a house hunt, they are finding they don’t need to risk their health. The real estate industry has placed several health and safety protocols since the pandemic, including more virtual tours and virtual open houses as well as social distancing measures during tours and closings. Some brokerages are also requiring buyers to sign disclosure forms prior to touring a home in person. Those forms verify the person does not have a fever and will maintain social distancing precautions during the tour.
Most survey respondents say they prefer to see a home they intend to buy in person than virtually, although a large percentage are still willing to entertain making sight-unseen offers. Nearly 57% of consumers said they were not willing to purchase a home without seeing it in person, but nearly 35% said they would be willing to buy a home without seeing it in person first.
Some respondents who had already purchased a home prior to the pandemic said they now wished they had bought later. Fifty-four percent of those recent buyers say they wish they’d waited in order to get a better mortgage rate. Mortgage rates have fallen to all-time low during the pandemic.
If you are thinking about buying or selling, I would love to speak with you. Inventory is low for buyers right now, but all that really means, is that the good homes go quick. Part of the reason inventory is low, is that a good portion of the inventory is being bought up by investors who plan to rent the homes, but mostly because interest rates are so low, causing an influx of buyers. Couple that with all of our out-of-state-buyers, and you have a painted picture for you. The Texas real estate market is hot right now.
We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend. Hugs, Jo.
Thoughtfully written for you by Jordan and the Jo & Co. Team.
We are Waiting for You
If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!
If you are overwhelmed..
Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by click this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious what to look at next! Thank you for trusting us.
Links to check out..
➟ Our YouTube Channel :: http://byjoandco.com/youtube
➟ How do property taxes work in Texas? :: http://byjoandco.com/propertytaxesintexas
➟ Things to do in The Woodlands :: http://byjoandco.com/inthewoodlands
➟ Safest Neighborhoods in Houston :: http://byjoandco.com/safesthouston
➟ Best Neighborhoods in Houston :: http://byjoandco.com/bestneighborhoods
➟ Houston Texas Where to Live :: http://byjoandco.com/houstontexaswheretolive
➟ First Time Texas Home Buyer :: http://byjoandco.com/firsttimetexasbuyer
• Download our Moving to Texas ebook! http://byjoandco.com/movingtotexasebook.
• Download our Where to Live in Houston Texas ebook! http://byjoandco.com/wheretoliveebook.
• Schedule a phone call or appointment with us! http://byjoandco.com/appointment.
• Email us! [email protected].
• Looking for a buyer’s agent? Fill out our buyer questionnaire! http://byjoandco.com/q.
• Ready to find your dream home? Search, http://search.byjoandco.com.
• Subscribe to our YouTube Channel: http://byjoandco.com/youtube.
Visit the Jo & Co. YouTube Channel
At Jo & Co. we know that most people struggle with the home buying or selling experience. We are a brokerage, real people, that do more for you, by being with you every step of the way, so that you plant your roots in the right soil. One way that we go above and beyond is with the content we share on YouTube. Click the photo below to explore our channel.