Check out Betty’s article in the Houston Chronicle:

West Houston Realtors: Ike won’t affect market

By ANNETTE BAIRD CHRONICLE CORRESPONDENT

Local Realtors agree Hurricane Ike likely won’t make a dent in the residential real estate market in west Houston. In fact, they say there may even be a slight boost in sales and leasing as Gulf coast residents seek homes inland, and damaged homes come off the market.

“I believe our homes will be more sought-after as some people in the coastal areas make the decision to come to Houston,” said Beth Wolff of Beth Wolff Properties in the Galleria area. “This may add a little boost.”

Betty Bezemer of Keller Williams agreed. She expects a reduced inventory for a period of time as damaged homes that were either on the market or about to go on the market undergo repairs.

“I don’t see values diminishing,” said Bezemer, talking from her damaged office building at 10497 Town & Country Way. “If demand exceeds the amount of product for a particular consumer, there may be multiple offers.”

Chuck Poteet, who has his own real estate business in west Houston, remains positive about the market. He said none of his 30 or so listings suffered serious damage, and though they don’t look their best, they are selling.

Poteet said buyers who were negotiating before the storm have returned and are closing on properties after checking them for storm damage.

“We could have lost a few sales, but people are moving forward with their housing needs,” he said.

Wolff, who has listings in the wooded areas of Spring Branch, Memorial and Tanglewood that sustained widespread damage, said the hurricane created some interesting situations.

She said some lenders and buyers in the midst of negotiations before the storm are requiring another inspection of the property, and that has delayed closing on those properties.

In the event of storm damage, Wolff said the seller has the responsibility to restore the property to its condition prior to the hurricane. The contract may be extended for 15 days to meet those requirements, and if that isn’t possible the buyer may terminate the contract and get their earnest money back.

Alternatively, Wolff said the buyer and seller can come to an agreement about the insurance and continue with the sale.

Fortunately, Wolff said no one has withdrawn from a sale yet.

All three Realtors expect the housing market in west Houston and Memorial to remain stable for a variety of reasons.

They cited the Energy Corridor, mature neighborhoods, sought-after schools, proximity to the Sam Houston Toll Road and widening of the Katy Freeway as factors that will help to maintain the area’s relatively robust housing market, especially compared to the rest of the nation.

“This particular area has always been a good place to live,” Bezemer said.

Are you thinking of remodeling?

It might sound strange, but did you know that some home renovations may decrease the value of your home? According to Money Magazine, they suggest avoiding the following renovations at all costs:

1. A swimming pool: Unless you live in a hot climate, a swimming pool can be a liability, not an asset. In the Southwest, a pool can increase a home’s value by 11 percent. But if your home is in Oregon or Illinois, the cost of insurance and pool maintenance is a buyer turn-off. Families with small children specially avoid homes with pools.

2. Home Addition: Sure, an addition to your home will add inside space. But how will it look from the outside? Many home additions can look boxy or unnatural with the rest of the house. If you do go for an addition, make sure it is well designed.

3. Trendy finishes: Don’t fall for the latest style or trend when it comes to renovating. As soon as it’s out style, it will stick out – and look bad. One trend that will probably last for a while is custom paneling in maple or mahogany for home appliances. Otherwise, stick to timeless, classic renovations.

4. A jacuzzi: Nothing beats a good soak after long day. But not everyone loves a giant tub with multiple jets. Instead, try a rain shower head if you want to add some luxury to a bathroom.

If you want to remodel or do some improvements! Please do not hesitate to contact us, we will be more than happy to do a Market Analysis!

-713-461-9393 ext 112 -

Source: CRS

With the Market today.. Sellers are asking: Should we provide concessions or conduct price reductions?

Our answer: PRICE REDUCTIONS! Throughout the years, we have seen the ups and downs of the industry and we know that pricing a home correctly will get it sold. When Buyers are looking for homes, their main concern is the price. Most buyers are searching in increments of 5,000, so if your property is not priced within the margins, your home will not be viewed.

When listing your home, keep this in mind: It is better to price your home aggressively at the beginning to promote what “The Bez” likes to call a feeding frenzy. If after showings, no showings, or poor feedback, price reductions do the trick.

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- The Bez Team –

The Bez Team is in the need of enthusiastic, fast passed, high integrity individuals to join our team. We are looking to fill both admin and sales positions.

 If you have ever wonder, is Real Estate for me? Send your resume and find out!

You can send your resume to: Gigi Rivera at gigi_rivera@sbcglobal.net

 We look forward to reviewing your resumes!

Have a wonderful day!

The Bez Team Properties « Houston Talk with The Bez Team

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President Bush revieled a relief plan this past Thursday. Check Betty out in the News to hear her thoughts.

 http://khcw.trb.com/?track-topnav  This link takes you to the home page. Click on President Bush Helps icon and enjoy!