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Strategies for today's market
Price stability for the much desired oceanfront resources of the Texas Coast has a high probability for long term appreciation in value due to:
  • The large numbers of potential buyers within the ideal 2 hour
    travel distance from our shores,
  • The universally constant desire to be near the ocean,
  • The associated physical and mental health benefits,
  • Owner prestige,
  • Enjoyment opportunities,
  • Family heritage,
  • Quality of life,
  • Steady and sustainable price appreciation.
  • Texas' nation leading population and economic growth.
  • Affordable prices for oceanfront property compared to
    competing products on our nation's other coasts.
The primary risk for a coastal investment is that highly improbable hurricane damage: Could Destroy the structure, Could remove beachfront, and Insurance could become cost prohibited.

These un-probable risks can be mitigated today by:
  • building Hurricane Resistant Structures: high off the ground to protect from water surge and flood damage, building to intense construction standards to survive high wind damage, and to have such structures certified by the insurance industry.
  • also by protecting the beachfronts with concrete walls or artificially enhanced dunes (geo-tubes), and implementing beach re-nourishment in areas where there is erosion. Or by building homes far enough back from the shoreline and/or behind an anchored structure such as a roadway.
The metro housing market fundamentals for the large potential buyer pool for the Texas Coast is doing well and outperforming the rest of the nation. This includes Dallas, Houston, San Antonio and Austin.


Median Prices in all the Texas Gulf Coast Markets increased in 2007


Whether you're buying, selling, or staying put, here are some simple strategies that can make a big difference for you and your home.

Sellers: Lower your expectations
  • As painful as it might be to realize that your house isn't worth what you thought, asking too much in a slow market is a mistake.
  • You'll also need a reality check when it comes to the physical appeal of your home. In the days of bidding wars and waiting lists, buyers were so happy to land a house that they scarcely noticed carpet stains and chipped paint. Today they are picky about the cosmetic stuff.
  • Take advantage of flat fee listing services to save on commissions and apply that savings to reduce your price. See the Texas Gulf Coast Online Flat Fee listing service for details at TexasGulfCoastOnline.com/FlatFeeMLS.aspx.
  • Don't play a game of hoping the right buyer will come along just in time.
Buyers: Drive a hard bargain
  • If you're purchasing from a developer, push especially hard. They can't afford to wait.
  • Builders are doing anything to move their inventory, because it costs money to carry it.
  • To compete with the big boys, sellers of existing homes are also sweetening the pot. Feel free to ask sellers to cover closing costs or several months of mortgage payments.
Consider renting
  • If you got out of the market when prices were high, bank those proceeds. Check out the Rental Rates tool and Rent vs. Buy tool in the links section below.
Step away from the exotic mortgage
  • A lot of homeowners out there are living under a roof they soon won't be able to afford.
  • Of all the nonsense that the boom has wrought, little has been crazier than the proliferation of adjustable-rate mortgages, or ARMs, often called exotic mortgages because so few people understand them.
Shop for a rate drop
  • With loan volume dropping, banks are willing to negotiate to get your business.
Keep an eye on your equity
  • Lay off the home leverage, and go easy on the remodeling projects.
New Rules for Buying a Home Before It's Built

As the housing market has cooled, the developer’s mindset has changed. Rather than construct new developments quickly and wait for the buyers to flood in, more developers are relying on preconstruction sales to determine whether or not to break ground.

Here’s some advice for any buyer contemplating a preconstruction purchase:
  • Negotiate an exit strategy in your sales contract, especially as lead times for construction grow longer in some markets. For example, state that if the builder doesn't break ground by a certain day, you can get out of the contract.
  • If you're deposit money is going to sit there for an extended period, as the developer to pay interest.
  • Get in writing what changes that can be made to the project once the sales contract is signed. Finishes and appliances might not be set in stone at the time you sign the deal.
  • Try to find out the current state of the local market and gauge whether the developer is offering incentives to lure new buyers – which, though attractive to buyers in the short term, can put a downward pressure on prices.
  • Check out the Texas Gulf Coast Online Buyers Club for an even better way at TexasGulfCoastOnline.com/BuyersClub.aspx

Sailboat

Whether you are buying or selling, TexasGulfCoastOnline.com and AliceDonahue.com Real Estate have put together special programs and strategies to help you come out ahead in today's market.

Contact us today and find out how!

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Texas Coast Market Fundamentals Report
Try Again Later
The fundamentals report is updated on the 15th of the following month, to accurately process the prior month's sales data.
The months supply of inventory and average price spread are especially valuable when viewed as a trend, and you really want to know these numbers for each property type and city, which we make available for our clients. As a point of general opinion we offer the following rule of thumb for coastal markets:
0-10 months Great Whether you are buying or selling,
we have put together special programs and strategies to help you come out ahead in today's market.
Some of the greatest opportunities are available when you are buying when everyone else is selling, or selling when everyone else is buying.
10-20 months Ok
20-30 months Warning
30+ months Concern
Texas Market Reports
Federal Reserve Dallas
Federal Housing Oversight
Texas Second Homes

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Texas Market Report

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Statistics Showing Texas Market Strength
The Texas economy, employment and personal income
growth leads the nation

Texas Lerads USAI ncome Growth
USA Recession Map
 
Texas housing appreciation continues to leads the nation
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The voice for Texas Coast Real Estate
Contact Texas Gulf Coast Online
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