Bay Realty Blog: September 2017

South Texas REALTORS Facing EPIC Challenges

  A great post from Paula McDonald letting us know the situation in Texas

  Check out the link to Texas REALTORS if you would like to donate or help. 

                    How you can help those affected by Harvey

The Texas Association of REALTORS® Relief Fund helps people who have suffered losses due to natural disasters in Texas. One hundred percent of donations go directly to those affected by the storm, and contributions are tax-deductible to the extent allowed by law.

 

https://apps.texasrealestate.com/public/disasterRelief/resources.cfm 

South Texas REALTORS Facing EPIC Challenges

Harvey Flood 2017 

As a REALTOR who went through the ravages of Hurricane Ike many years ago, these types of disasters affect the real estate industry in a unique way. Obviously, the loss of life along with the loss of hundreds of thousands of homes is devastating. What happens however, after the flood waters recede and the clean up begins?

 

Realtors are faced with not only losing their own home but perhaps their entire inventory of listings. For many agents, they will not only lose their personal belongings, many will also lose their real estate business entirely.  After Ike, many agents in the Houston area were unable to stay in the field.

 

The South Texas areas that have been affected are many! Along our Gulf coast and all the way up to Conroe, there are so many needs. This a huge area!

 

Here are the main issues facing south Texas agents right now:

 

  • Loss of inventory.
  • Current and future real estate business will no doubt be disrupted for many, many months.
  • Once homes are repaired, pricing is now all over the place. Homes that may have commanded a cetain price pre-Harvey will now be facing an entirely new pricing structure.
  • Neighborhoods that experienced flooding will also go through a re-assessment valuation. Knowing which homes flooded and the ones that did not will be critical information to know.
  • Not enough housing right now for displaced people.
  • Rental rates increasing due to demand.

 

As fellow real estate professionals, our Texas Association of Realtors has created a resource page just for our fellow agents.  Many of our fellow agents need our help.  Check out the link for excellent ways to help out.

 

Thank you for all of you who have reached out to help!  The love and support from all over has been so heart-warming to witness.  When we stand together we can take on anything!

 

 

     Magnolia Realty Granbury    

"Have you fully lived today?"

   Paula L. McDonald ~ REALTOR®

       Managing Broker ~ Granbury, Texas 

 936-203-0279 Direct

Selling Hood County and surrounding areas!

PaulaMcDonald@MagnoliaRealty.com 

      CNE

Houzz      

 John Maxwell

Farm & Ranch

 


          ABR                 Institute for Luxury Marketing                Institute for Luxury Home Marketing

 

 

Copyright 2017 Paula McDonald

    Bay Realty

When You Need Results Bay Realty Works!

     Invest in Your Future Now... Call 907-235-6183

   Search our website at www.BayRealtyAlaska.com   

     Email us at Debra@BayRealtyAlaska.com

        Or Debral@ptialaska.net

Comment balloon 3 commentsDebra Leisek • September 23 2017 06:27PM
South Texas REALTORS Facing EPIC Challenges
share
A great post from Paula McDonald letting us know the situation in Texas Check out the link to Texas REALTORS if you would like to donate or help. How you can help those affected by Harvey The Texas Association of… more
Homer Alaska, 99603 View is Good and so is the Market!
share
In the Homer market area in the last 12 months (MLS areas 488, 490, 492): 103 closed MLS SFR sales at or above $100, 000 (-4 sales from previous 12 months) Median sale price: $265, 000 (+6% from previous 12 months) Median DOM: 78 (+16 days… more
Anchor Point Alaska… Market is Very Good!
share
Wow Take a look at the Overall GOOD NEWS for Anchor Point! Median Sales Price is up 22% to $214, 000! That is Really a Major Move Up! In the Anchor Point market area in the past 12 months (MLS areas 480, 482, 484): 30 closed MLS single-family… more
People Always ask for the Forelosure List… We dont have one!
share
Where is the list of Foreclosures in our area? Well We just dont have enough to make a list! All we have our Happy Days Ahead! According to RealtyTrac. com, a foreclosure listing service, one in every 5679 housing units in Alaska had a foreclosure… more
Check out our Listings in the Homer News Real Estate Section!
share
Check out our Listings in the Homer News Real Estate Section! Looking for Homes, Multi family, Land or a Business? Call 907-235-6183 for more Information! Go to www. BayRealtyAlaska. com for More Information @BayRealtyAlaska on Facebook.. more
Jay's 2017 Fall/Winter Maintenance Recommendations
share
This is a great list for all home owners to follow… Thank you to Jay Markanich For a handy list of good tips to follow! It's that time of year again, and time to get ready for the seasons ahead, so these are Jay's 2017 Fall/Winter Maintenance… more
Don't Give a "One and Done" to the Equifax Breach
share
According to Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi Those intending to do harm using stolen personal and financial information can and will try to do so indefinitely. This is NOT a "one and done" call… more
Time to Find Your Nest in Anchor Point Alaska! Market is Hot!
share
Anchor Point Alaska Is HOT and We aren't Talking Weather! Time to Find Your Nest in Anchor Point Alaska! In the Anchor Point market area in the past 12 months (MLS areas 480, 482, 484): 30 closed MLS single-family residential sales at $100, 000+ (+7… more
The Equifax Security Breach: Assume the Worst
share
Here is some good advice from Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi regarding the huge hack discovered which reaches 1 out of every 2 Americans. Not Good! Be proactive! Read this and take ation! The Equifax… more
Happy Labor Day! Relax and Check out Bay Realty Listings Here!
share
Check out our Listings on the Front Page of the Homer News Real Estate Section! Looking for Homes, Multi family, Land or a Business? Call 907-235-6183 for more Information! We are Open Saturday but Closed for Labor Day except by Appointment! Have a… more