Year-over-year home sales for January and the relatively low inventory of homes available to purchase indicate there is no reason to wait until spring to list your home for sale, according to Chris Kelly, president and CEO of the Ebby Halliday Companies.
“The latest numbers from North Texas Real Estate Information Systems offer a compelling case for sellers who would like to get a head start on their potential competition,” Kelly says.
A few of the highlights from the NTREIS numbers for January 2019 vs. January 2018 include:
* The average sales price for a North Texas home rose 2.8%.
* The average percent of original list price sellers received was 95.2%
* The average days on market was 57 days.
“These numbers make it clear that the winter of 2019 offers a great climate in which to list a North Texas property for sale,” Kelly says. “Potential sellers should act now to get ahead of the traditional spring market.”
If you’re considering listing your home, contact an Ebby Associate to learn more about the real estate market in your neighborhood and to find out what your home is worth in today’s fast-paced market. To find the ideal agent for your residential real estate needs, visit the award-winning, mobile-friendly ebby.com.
Homeowners are often surprised when they receive their annual statement from the local tax appraiser’s office. Often the assessed value of their home is very different than what they believe the property is worth.
Now’s a great time to take a look at the difference between two common real estate terms: “Assessed Value” and “Market Value.”
The Assessed Value is the dollar value assigned to a property by a public tax assessor for the purposes of measuring applicable taxes. The number is very often a point of contention with homeowners, who may believe it to be too high or too low. The Assessed Value does not offer a shortcut to a home’s Market Value.
The Market Value is the highest estimated price a property will bring in a reasonable amount of time if exposed for sale on the open market. Market Value is influenced by such factors as homes that recently sold in the area, the location of the property, the home’s amenities, and the condition of the property. Of course, Market Value is also influenced by the current economy.
Knowing the difference between Assessed Value and Market Value is great. But even better is knowing what your property is worth in today’s fast-paced North Texas housing market.
To get started, contact an Ebby Associate today. To find the right agent for your real estate needs, visit the award-winning ebby.com.
Heads up, the property tax protest deadline is earlier this year than in previous years. Those wishing to protest, must do so by May 15, 2018, or 30 days after a tax notice is delivered, whichever is later.