Houston is home to 2.3 million people. The fourth largest city in the United States sits in Southeast Texas, about 2 and a half hours south-east of Austin. Houston is less than an hour from the Gulf of Mexico. Houston is part of the Texas Triangle, a region in the eastern portion of the state that hosts the most prominent cities. The Bayou City is well known for its medical, aeronautical, energy, and manufacturing industries.
Houston, Texas, is an expansive city covering 637 square miles. Much of the town lies along the Gulf coastal plain. The city was built on marshes and swamps and forest land. Houston is still surrounded by these landscapes. Four bayous run through the city.
If you move to Houston, don’t expect to see snow. Houston rarely sees snow and has an average of 0 inches per year. However, Houston sees plenty of moisture in the form of rain, with an average of 53 inches per year. Expect hot summers, with average highs sitting at 93 degrees Fahrenheit. The humidity makes the summer months particularly harsh, with May through August averaging close to 80%. Winter lows hover around 43 degrees Fahrenheit.
Understanding the neighborhood where you’ll buy or sell a property is critical. The real estate industry has a well-known phrase: location, location, location. When you’re buying or selling a property, the one thing that can’t be changed is the location. You’ll want to choose wisely. If you’re selling your property, highlighting the benefits of your neighborhood is a great way to attract buyers. If you’re purchasing a house, a closer look at the community will help you understand the market and investment potential more clearly.
Need to sell your home fast? Get an offer from Brick, fast!
Whether you’re moving on a deadline or you just want to speed up the sales process so you can move on faster, we can help. We offer:
Fast, fair offers: The average home sits on the market between 25 and 30 days. Once your home is under contract, it can take up to 45 days to close. At Brick, we’ll make a fair, cash offer within days.
No closing costs: Selling a home can cost several thousand dollars when you factor in realtor fees, closing costs, and repairs. You won’t have any of those expenses when you sell to Brick.
No walkthroughs: Don’t worry about scheduling open houses or walkthroughs. We purchase homes as-is. We can even buy properties sight unseen. We also buy properties in any condition.
Close in days: Instead of waiting a month or more to finalize your sale and move on, sell to Brick. Once you accept the cash offer, we can close the deal within days.
Housing Market Trends in Houston, Texas
The housing market in Houston, Texas, is slightly competitive. While sales have decreased by more than 11% from last year, sales prices rose by 7%, and houses are selling marginally faster. Some homes receive multiple offers. Most homes in Houston are selling for the asking price. At publication, the median sales price for a home in Houston is $330,000, with the average home sitting on the market for 13 days. In July of 2021, the median sales price for a home in Houston was $295,000, and homes stayed on the market for 15 days.
In the last five years, housing prices have increased substantially. In July 2018, the median sales price for a home in Houston was $215,000, and homes stayed on the market for 29 days.
Summer months show the highest sales, especially between June and August. The months of December, January, and February have the lowest sales.
Tips for Selling Your Home Fast:
Significant life changes don’t always come at the most convenient times. Selling your home may be a desire, or it might be a necessity. Whether you’ve decided to start a new life across the country on a tight deadline or are just ready to ditch your investment properties, managing your sale the right way is essential. Check out these helpful articles for navigating the quick sale of your house:
- Need to sell a home quickly to avoid foreclosure?
- When you need to sell your home fast, what are your options?
- How to sell a house that needs work when you don’t want to do it.
Critical Tips for Selling Your Home:
Selling your home(s) can be difficult, but it doesn’t have to feel overwhelming. Taking a few minutes to prepare for the sales process can make a difference when it comes time to part with your house. Here are a few things to consider:
Why are you selling?
Before you list your house or contact us for a cash offer, it helps to know why you’re selling your home. Identifying the why helps with sales, including setting expectations for a sales price. It can also help you emotionally process the transaction to let go of your property.
Sellers offloading an inherited property, downsizing, going through retirement, or selling because of a divorce, should consider whether their emotional attachment could make the sales process more difficult. We’ve noticed that buyers who are overly passionate about the sale are more likely to:
- Ignore staging advice
- Overprice the home
- Respond irrationally to lower offers or requests for repairs
- Fail to market to their target audience
If you’re selling because you want to liquidate your investment properties, you may need to consciously withdraw the idea of control over what happens to the property once you sell.
What are your selling needs?
Once you’ve identified why you’re selling and identified ways to emotionally detach from the sales process, it’s time to think about your needs during the sales process. Which of these are concerns you have about your upcoming move?
- Cost of relocation
- Access to equity in your property
- Ability to provide seller financing
- Time to pack and move
- Cost of realtor fees and closing costs
- Cost of repairs
- Finding a buyer to purchase the property as-is
- Desire or ability to manage walkthroughs and appraisals
Many sellers spend as much as 10% of their sales price on repairs, fees, and closing costs. Are you comfortable or able to let go of that money to sell your home on the traditional market? If your home needs extensive repairs, you may need to pay for repairs or make concessions on the sale price. If you’d rather avoid appraisals and negotiating with buyers, selling your home for cash could be a better option.
Prepare for signing and closing
Signing and closing are the most anticipated parts of selling a house. This final step makes everything official. The process can vary depending on whether you sell your home through the traditional market or with an ibuyer.
If you sell your home on the traditional market, the sale can fall through at any point before closing. Complications with appraisal or funding could delay a sale. In worst-case scenarios, a deal could fall if a buyer isn’t approved for financing, or the lender refuses to fund the loan because the property appraises for less than the offered amount.
You’ll meet with the lender and the buyers during closing and sign paperwork to finalize the sale. Before the final paperwork, your property undergoes an appraisal and inspection. The agent will do a title search, and you’ll complete any repairs or other concessions. Once the closing paperwork is filed and the title is transferred into the seller’s name, the home is no longer yours.
When you work with an ibuyer, the closing process is a little different. The process is much faster because there are fewer hoops to jump through. We offer more flexibility for sellers, including the ability to control when you move out. We don’t require inspections or appraisals, and you won’t have to worry about our financing falling through. We can help you sell your home in days instead of weeks.
What does Houston, Texas have to offer:
As one of the largest cities in the United States, Houston offers a wide range of activities and events for visitors and residents to enjoy. The Gulf of Mexico is less than an hour south of the city, making weekend beach visits a breeze. Other popular things to do in and around Houston include:
- The Museum of Fine Arts, Houston
- Houston Zoo
- Space Center, Houston
- Houston Museum of Natural Science
- Children’s Museum of Houston
- Downtown Aquarium
- Discovery Green Park
- The Galleria Ice skating
- Kemah Boardwalk
- Houston Arboretum & Nature Center
- NASA Johnson Space Center
- Buffalo Bayou Park
- Hermann Park
- Holocaust Museum
- National Museum of Funeral History
- Memorial Park
- Lone Star Flight Museum
- San Jacinto Museum of History
- Miller Outdoor Theatre
- Cockrell Butterfly Center
- The Waterwall
- Battleship Texas
- 1940 Air Terminal Museum
- Typhoon Texas Waterpark, Houston
- Lake Houston
- Houston Museum of African American Culture
- Pirates Bay Waterpark