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Fueling the Seller’s Market in Pearland: Factors Driving Home Values Up

July 8, 2022
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Houston is one of the country’s most active real estate markets. And within Houston, Pearland sees some of the highest values and demand for homes. So what’s driving this explosive growth? Here are the factors that we believe are fueling the value of houses for sale. Keep reading to learn more.

The Low New Home Inventory

The first factor is the meager inventory of new homes. According to the Houston Association of Realtors, there’s only a three-month supply of new homes on the market. That’s well below the six-month supply that’s considered a balanced market. The lack of new home inventory is driving up prices and making it difficult for buyers to find the home they want.

Pearland’s Strong Job Growth

Another factor is the strong job growth in Pearland. The Houston Chronicle reports that Pearland’s unemployment rate is only four percent, which is well below the national average of six percent. And with more people working, more people can afford to buy a home. Additionally, many of the new jobs being created are in high-paying industries, giving people the purchasing power they need to buy a home.

Low Interest Rates

agentPearland’s low-interest rates are another factor that’s driving up home values. Rates are still near historical lows, and they’re not expected to rise significantly in the next year. This makes buying a home more affordable for people who might have been on the fence about purchasing one. Additionally, low-interest rates make it easier for people to qualify for a …

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Advantages of Getting a Building Inspection

November 27, 2020
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 |  Home Services

Many people only consider getting a building inspection done when they start to identify flaws in their living space. For instance, when a homeowner or tenant has a rodent or pest problem, they seek a building and pest inspection adelaide agency or contractor. Apart from such an instance, there are multiple benefits of getting building inspections done. The function of a building inspector is to examine the condition of a structure. This evaluation helps determine its value and whether the building meets the necessary regulations. These inspections are crucial for the following reasons.

Analyze a Building

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Before buying or renting a home, consider getting a pre-purchase inspection. If the seller is genuine about the building and its value, a proper review will help you validate. The assessment will help someone identify any flaws and assess whether they are getting value for their money. An inspector’s findings make it easy for a person to get more details about a building before buying it.

Plan for Future Expenses

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An inspector handles various specialties of a property or building inspection. For example, a plumbing inspection allows an individual to determine the condition of the piping and drainage system of a home. Another aspect is the electrical inspection. A professional inspector will help you identify any potential issues and finalize by advising you on possible solutions to your problems.

Get a Report

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Apart from word of mouth, a building inspector will record the findings, which will come in handy in various events. For …

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Benefits of Hiring a Realtor

May 14, 2019
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 |  Real Estate

Two options are available whenever you have a plan to buy or sell a property in mind. You can either execute the plan all on your own or hire a real estate agent. Although both options are likely, hiring a real estate agent, such as realtors in Austin, is a much more preferred option for many. It is so for a couple of reasons, such as convenience and better results. One thing you need to highlight is that it is vital to understand the current market situation if you aim for higher resale value. Homeowners or buyers who need to make a decision are more likely to hire a realtor since the service offers several benefits. If you are one of these people who need to purchase or sell a property, below are the benefits of hiring a realtor for your property business.f

Market Knowledge

The above explanation mentions the importance of having local market knowledge. It includes the current situation and the latest home-related trends to target certain markets and buyers. Fortunately, a professional realtor has what you need. Aspects, like which areas have the most significant economic growth, the current projects from the government, or areas with the best schools and public facilities are some examples of the market knowledge that a realtor needs to understand well. Note that having the knowledge and experience about the matter will bring you benefits, especially if you aim to buy a property in a strategic place.

More Options

If you …