Its A Tough Season, But It Will Be OK!
It’s going to be alright, we promise… This is The Chappell Team’s message this season as we move into the slower months of the year and we continue to face numerous uncertainties in the real estate market and overall economy. It is evident from our previous post sharing the most recent market updates released by HAR that the Houston area sales fell considerably after the expiration of the tax credit, and it is true some owners are facing financial hardships across our area. However, lets not forget that it is also true that many people are doing well, have plenty of equity in their home, and made wise decisions when they bought.
If you’re thinking of buying this fall we congratulate you and think its a great idea, but please consider our important tips when looking to purchase: 1) your reserves can sustain you for at least 6 months (reserves could also be family members you can count on if needs be) 2) you plan to be in the home at least 3-5 years 3) you’re ready to change your lifestyle and understand the pros and cons of property ownership.
If you’re thinking of selling this fall, we also congratulate you – but please consider these three things: 1) you understand the pros and cons of renting and have made an educated decision not to be a landlord 2) your home is no longer suitable for your lifestyle (need more space etc) and you need the cash to purchase the next home 3) this fits with bigger pictures goals in your life and the sale will ultimately lead to a happier you!
The Chappell Team is available to help work through the details of your situation. Call us and we’ll go over what you need to know. 281-863-9134
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