Every week, we ask a Houston real estate professional for their thoughts on the top three stories from the week before.
This week, we talked with Sharon Seline Wright, a Realtor Associate for Keller Williams Metropolitan in Houston. She has been in the real estate business for almost 13 years and has 25 years of management experience. Seline Wright was the first female Vice President of Tiffany & Co., and a decade later started her own consulting firm. She is involved in the development of residential projects and new business construction and has been a consistent top producer since 2006.
Houston Agent (HA): What are your predictions for Houston’s housing market for the remainder of the year? Have they changed since the year started?
Sharon Seline Wright (SSW): For the remainder of the year, pricing is going to probably stay steady, but inventory will increase. New construction is coming on the market at a pretty steady pace. My predictions really haven’t changed that much since the year started. In the area, the first two quarters were unusual, of course, but not something that anybody is going to be able to hang onto forever. I put a listing on the market last quarter, and in 30 minutes, we had 27 offers. I don’t think there’s going to be that in the last part of the year.
I think Houston will stay like this through 2015, just because of the jobs coming to Houston and the companies that are moving locations to Houston. I feel like we’ll stay pretty steady, even with interest rates going up.
HA: Compromise is an inevitable part of the homebuying process. What kinds of things are you seeing homebuyers compromise on in 2013?
SSW: People are willing to compromise on size and square-footage. I think our country as a whole is downsizing, and I think people are realizing they can live in less square-footage and be very comfortable in a smaller space. People are also compromising on what they may have to do to the house, such as updating kitchens and bathrooms. I’m seeing people move to a house with a plan on remodeling in a year or two. I absolutely believe these trends will stay like this for the next few years.
HA: Do you use any real estate apps? How do they help your business? What are some of the best real estate apps that you would recommend to others?
SSW: I use DocuSign on every contract that I do – I can use it on my phone, iPad, everything. I also use an amortization app and the Houston Association of Realtors app – I like to have those at my fingers.
These real estate apps definitely help me, in terms of efficiency. When I was at lunch with a client, another client called me about the terms of a contract, and I was able to work it through on my phone and be able to handle it. Years ago, you would have to go back to your office and work from a main computer. Now, I can do everything from my phone or my iPad. And your life becomes much calmer because of it! And I think it makes you look more intelligent when you stay that calm.