The Houston real estate market appeals to buyers for a host of reasons. As this city becomes known as one of the nation's fastest growing, many are turning their eyes toward Texas with an eye on buying. The Houston area itself is favored by many not only for its employment, educational and cultural opportunities, but also its bevy of affordable homes.
The median price of homes in the Houston real estate market was around $162,000 in 2007, according to BusinessWeek. This makes the popular Houston real estate market a real steal when compared to other major metro areas. The New York City area, for example, has average prices that fall in around $450,000. The median price in Los Angeles is $499,000. Buyers in Atlanta will pay about $197,000 for the median price. Buying power is the name of the game on the Houston housing front.
If finding affordable homes in the Houston real estate market is your desire, there are some tips that can help. The first thing to do and the best way to locate affordable homes in Houston involves enlisting the help of a real estate agent. A skilled agent will have local knowledge that can help guide you through the purchase process and also the selection of a neighborhood within which to buy.
The best places to look for affordable homes in Houston include:
• The foreclosure market - Real estate agents will know how best to navigate this, but the number of foreclosures in the Houston area are giving rise to a tremendous amount of opportunity to find affordable homes in some of the city's most sought-after neighborhoods. It is even possible for a skilled agent to negotiate direct-from-bank purchases.
• The regular market - As more homes remain on the Houston market longer than many homeowners would like, the opportunity for realizing price savings is growing in leaps and bounds. Skilled real estate agents can help buyers find affordable homes and even not-so-affordable homes that can be negotiated down in price.
The Houston real estate market by its nature is one that offers a great value for the money. With housing prices starting out in the very reasonable range when compared to other major markets, buyers in Houston often find they can make their money go far in this city.
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To your success,
Chris Wylie
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