Decisions, Decisions, Decisions – Where to buy home in and around Houston?

In the last few years of being a realtor, many clients have asked the same question over and over again. I am might have addressed bit about it when I posted about my decision on buying house 2 years ago in Sugar land. I like to touch on the topic with an current updated market scenario and how people have made their decisions.

Houston is no longer cheaper place now. It’s cost of living has gone up as per last month report. Also affordable home prices are hard find these days. It’s growing in all side, north side new home constructions are happening near Conroe, east expansion is happening in Fullshear and Berkshire, Northwest area houses are popping up close to Hockley, Richmon and Rosenberg is now getting attention as houses got expensive in Sugar land area. Even though, Houston job market is under pressure from oil prices and job cuts all over the city. Housing prices haven’t really hit the plateau. It might have reached the stagnation point for some period due to the jobs and season but depending on next year economic growth, nobody knows whether bubble is going to burst or it just going to getting bigger.

Being said that, it’s consumer whether buyer or seller is in really hard seat and not able to make decisions properly. Buyers are thinking hard whether to buy now or wait because of job market, where to buy because they doubt about which area is going to grown and expand in the future. Sellers are not able to make a decision as well whether to sell it with current market price or wait for good buyer to make little bit more out of this market. It may seems like sellers market due to low inventory but it depends on the area/neighborhood.

Few things, I would strongly advise buyers. You already missed the boat on getting good deals. Market is on the higher end already and it’s tough to find deals in good area. If you find good home and really like and it comparable sales are not above 3-5%, I would say go far it. Winter is good month due to slower activity and might find good deal as sellers want to get out of house and move on. Find those deals and make some offers and get it close timely. Don’t expect and wait for real deals and lose what you found as well. If you kids, look for good school districts like Fort Bend, Katy, some Cypress and Houston areas and get houses priced within range of current market value. Even after the expansion of I10, Katy commute from downtown has not relived much of commuters headache. It actually became worse by many residents. I wouldn’t say commute to Sugar land from down town has become easier but still the same but not has horrible compared to Katy.

Take all those into considerations and make your decision wisely with help of experienced Realtor who can give good and timely advise.

Happy Thanksgiving to everyone!!!

About Vijaianand Thirnageswaram

I am a Proud Realtor of Texas, trying to guide and help clients to find their dream home and educate them to buy them for right price. I am also a Candidate for CFP who has more financial knowledge which allows me share and educate clients in any financial decision making process.

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