The Houston real estate market is still reeling from the after effects of Hurricane Ike and the uncertainty in our economy.  The main line media has done a good job in keeping people scared to do anything.  The reality is that the largest majority of jobs are safe and people still need someplace to live.  What I have seen in this market is that prices have held their own.  Although one could say that the market is a price war and a beauty contest. 

If a home is priced well in line with what comparable homes have sold for and the BIG "if", if it looks good, it will sell.  Sellers need the expertise of their real estate professional to advise them what they can do to put their "best foot" forward.  If the advise is followed and if they are priced correctly, the house WILL sell.

Those who are in the market to buy must not be fooled by the illusion that they cannot get a loan.  If a person has high credit scores and a down payment, there is no problem getting a mortgage.  Those who have less than stellar credit scores but a good payment history are eligible for a FHA loan with a down payment as low as 3% of the sales price.  First time home buyers or those who haven't had a home in a while may be eligible for a $7500 tax credit.  That's right - $7500 tax credit if you buy a home between now and June of 2009.  That's a good deal!

Call us and let us help you navigate through the real estate world we find ourselves in today.