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THE REAL ESTATE EXPERTS

281-599-6575

WHICH WAY IS THE VALUE OF YOUR

HOME HEADED?www.RealtyPriceTrends.com

The Most-Circulated REAL ESTATE NEWSPAPER in KATY & WEST HOUSTON

by Dale Ross, The Real Estate Expert

ello again! This month I want to start off my report with something that will make you think (in theory!) Here’s hop-ing you enjoy this month’s attempt!

An old Cherokee is teaching his grandson about life. “A fight is going on inside me,” he said to the boy. “It is a terrible

fight and it is between two wolves. One is evil – he is anger, envy, sor-row, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego.” He continued, “The other is good – he is joy, peace, love, hope, serenity, humility, kindness, benev-olence, empathy, generosity, truth, compassion, and faith. The same fight is going on inside you – and inside every other person, too.”

The grandson thought about it for a minute and then asked his grandfather, “Which wolf will win?”

The old Cherokee simply replied, “The one you feed.”

What You Must Know to Sell Your Home in a Shifting Market The real estate market is HOT (just like this summer has been!)

While statistics indicate that home sales have slowed compared to last year, the Dale Ross Realty Group has been smashing records. In July, we helped more people buy or sell a home than ever before in a single month!

The most notable change in the real estate market is that the num-ber of homes for sale has dramatically increased over last year’s num-bers. What does this mean? It means that buyers have more to choose from which is resulting in price stabilization. The market is shifting. The fast and furious appreciation rates we witnessed over the last 5 years have slowed to about 3 % annually - at least for the time being. It could be the summer rush of home sellers and it could be the new norm. Only time will tell.

My clients’ homes are selling within days and often with multiple offers. If you see a home that has been sitting on the market for more than 30 days, then I can pretty much guarantee the poor performance is due to bad marketing. In last month’s newspaper, I mentioned that I have witnessed more obscure real estate agent signs in yards

than ever before. Guess what? Most of them are still there, and they wouldn’t be if these agents were working for their clients and selling their houses.

It’s like a gamble to hire just any agent. Sometimes you get lucky, sometimes not.

What do I predict? Well folks, looking into my crystal ball, I pre-

H

The Real Estate Report

ASK DALE Q & APAGE 2

KIDS COLORING CONTEST

PAGE 5

HOMES FOR SALE

PAGES 6-7

SUMMER MARKET UPDATES

PAGE 3

MARKETS AT A GLANCE

PAGES 8-11

REPORT CONTINUED ON PAGE 1O

by Dale Ross

Starting October 3, 2015, there are some changes coming to the real estate industry. Unfortunately, some of these changes aren’t so good for home sellers or buyers. Since it’s import-ant for homeowners (and future homeowners) to stay informed, I’ve outlined the changes below and included a few notes that should help explain how they may affect you.

Note: The following changes were originally scheduled to start on August 1, 2015, however the changes are so dramatic that preparation is taking considerably longer than originally thought.

1. New Forms (Good for buyers): The HUD-

1, Good Faith Estimate (GFE), and the Truth in Lending Act (TILA) disclosure are going to be replaced by two new forms. These new forms will be the Loan Estimate and the Closing Disclosure. They are far more user-friendly than the current forms that they’re replacing.

2. The Loan Estimate (Neutral; No real change): Currently, borrowers receive a Good Faith Estimate (GFE) and the initial disclosure required under the Truth in Lending Act (TILA). For loan applications taken on or after Oct. 3, 2015, the lender will instead start using the Loan Estimate form. The new three-page Loan Estimate form must be provided to borrowers on a timetable similar to the current receipt of

the GFE.3. The Closing Disclosure (Good for buy-

ers): The Closing Disclosure form will be replac-ing the HUD-1 Settlement Statement and the final TILA forms. This new five-page form is used to disclose many of the terms and provisions of the loan, as well as the financial breakdown of the transaction.

4. Timing of the Closing (Bad for buyers and sellers):

Why it’s bad for sellers: The seller’s inability to coordinate an exact move-out date based on a floating closing date due to deliberately struc-tured or unforeseen delays in closing.

Have you Heard About the Upcoming Drastic Changes in Real Estate Transactions?

CHANGES CONTINUED ON PAGE 3

2

I receive many questions about real estate every month, and I’m always happy to answer them. Sometimes, I’ll get a question that bears special attention and I like to share the answer with all of my readers and subscribers. If I publish your question, you’ll receive a gift card for Fleming’s Steak House as my way of saying thanks! Asking a question is easy. Just visit DaleRoss.com and click on “Contact Me” or call 281-599-6575. This month’s question was sent in by Derrik. Thank you, Derrik! Enjoy your steak! Hi Dale,

We paid off our house in April and received a Release of Lien from the mortgage company. Do we need to do anything with this release of lien?

Hello Derrik,

Congratulations! The answer is absolutely. You need to file the release of lien with the county. The mortgage company may have filed it (probably not) but do not rely on them having filed it. You will need to take the original release of lien to your county clerk’s office and file it with them. There will be a small recording fee you must pay.

I recommend filing it right away because if you lose it before you file it, then you will need to obtain another release of lien document from the lender and it can be very difficult to obtain a replacement.

Until next month, Dale Ross

RealtyPriceTrends.com

WHICH WAY IS THE VALUE OF YOUR HOME HEADED?

Ask Dale

3

6427 Busch Blvd. Columbus, OH 43229877.872.3080 • www.DiscoverPubs.com

Sudoku, Scrabble, Pet World, Wolfgang Puck’s Kitchen, etc. distributed by

Tribune News Services.

© Copyright 2015 by Discover Custom Publications, Inc.

All rights reserved.

Executive PublisherDale Ross

Assistant ExecutiveSamantha Villarreal

920 S. Fry RoadKaty, TX 77450

Phone: 281-599-6575

www.DaleRoss.comIf your property is currently listed by

another broker, please disregard. It is not our intention to solicit the listings

of other real estate brokers.

SPO

TLIG

HT

real estate market news

by Ilyce Glink and Samuel J. Tamkin

Q I’d love to get your take on the recent real estate market (specifically single family investment properties). I would also be interested in understanding how an increase in Federal Reserve interest rates

would likely impact prices, financing and rental values of investment properties in the near future.

A: Since January, Ilyce has been doing lot of videos for her YouTube channel (www.youtube.com/user/ExpertRealEstateTips) that talk about coming changes to the real estate marketplace. In looking at various trends affecting neighborhoods and markets nationwide, here are some of the top trends she’s been watching and how they’ve affected Sam’s clients who buy and sell homes, and investment real estate.

1. FORECLOSURES ARE GOING UP NATIONWIDE.

What’s happening now, according to RealtyTrac, a leading source for housing data, is that banks are taking possession of homes that might have been in the foreclosure pipeline or whose owners were well behind in their mortgage payments. If you’ve been living in a home for years without making a payment, the clock could be ticking on that arrangement and you may soon have to move to another home.

For buyers, more foreclosures mean more inventory, albeit as higher home prices. The big hedge funds, private equity groups and investors have slowed their purchases of investment property dramatically. So adding foreclosures to the mix now means individual home buyers and smaller real estate investors will have a chance to purchase property.

2. MORTGAGE INTEREST RATES WILL RISE—SOMEDAY. Interest rates are still near historic lows, at about 4 percent for a

30-year fixed-rate mortgage, according to Freddie Mac. That’s up from the all-time lows, but comparatively cheap if you look at where we were a couple of years ago.

Still, the Federal Reserve Bank is watching the U.S. and Global economies closely, for signs that inflation is coming back. The problem is that growth is slowing in places like China and Latin America and some economies (like in Europe) are shrinking. And while the U.S.

economy is growing, it’s at a very moderate pace punctuated by mini-contractions, like the one in the first quarter.

The bottom line is that we think mortgage interest rates will remain stable at under 5 percent for some time to come.

3. HOME PRICES ARE STILL GOING UP, BUT MORE SLOWLY.

Home prices have jumped significantly since it felt as though the financial world was crashing in 2009 and 2010. In fact, in many areas home prices are now nearing record highs, according to theNational Association of Realtors. This has helped millions of homeowners get back to positive home equity (from negative home equity).

According to CoreLogic, a global property information and analytics company, the number of homes with negative equity (that are worth less than the mortgage amount) is

about 5.1 million, or 10.2 percent of all homes with mortgages.This is great news for homeowners who are now

able to sell their homes and move to take advantage of other job opportunities, retire to a different location

or make some other sort of move. It should also mean that more properties will get listed for sale, offering up

opportunities for real estate investors to jump in and buy additional properties while interest rates are still low.

4. RENTAL RATES WILL CONTINUE TO GO UP.Young people seem to prefer to rent rather than buy. In part, that’s due

to huge amounts of debt (primarily school loans, credit card debt, and auto loans). But, it’s also a generational change. Young people are marrying later, buying their first homes later, and having children later.

The real estate industry is quite concerned about whether millennials will ever take to home buying the way their parents have, and continue to do surveys that seem to show the answer is yes. For the moment, however, more people are renting and there are fewer rental units available. That portends an excellent opportunity for real estate investors to make money by buying and holding rental properties. n

© 2015, Ilyce Glink and Samuel J. Tamkin.Tribune Content Agency, LLC

BUYING, SELLING OR INVESTING IN REAL ESTATE?

Market Updates for Summer

Why it’s bad for buyers: The expira-tion date of a buyer’s rate lock or lease move-out date.

Borrowers will have three days after receipt of the Closing Disclosure to review the form and its contents. Please note that the three-day review period starts upon “receipt” of the Closing Disclosure form by the bor-rower. Closing can be deliberately delayed by the buyer by not timely acknowledging receipt.

Unless there is some receipt con-firmation of the form, the form is “deemed received” three days after the form is mailed. As a result, the review period can be as many as six business days from mailing to loan signing. When you factor in holidays that fall on a business day, it could be as many as seven days. It is my understanding that Saturday will be considered a business day for this purpose, unless it is a holiday. Sunday will not be considered a business day.

5. New Delivery Date Requirements (Neutral for both parties, as long as the title company is not behind in their processing): The title company or closing agent will be required to send their informa-tion to the lender approximately 10 to 15 days prior to the closing date, so the lender will be able to complete the Closing Disclosure in time to meet the new delivery date requirements.

6. State License Numbers (Neutral because they already get this information): To complete the Closing Disclosure, the title company or closing agent will need the state license number of the real estate com-

pany and the individual agent’s real estate license number.

7. The Seller’s Side (Bad for sell-ers, as there is no requirement or provision to provide seller docu-ments for review prior to the time of signing/closing): The Closing Disclosure that will be sent to the borrower will not include informa-tion from the “seller’s side” of the transaction. The title company or closing agent, not the lender, will be responsible for completing and deliv-ering the seller’s side of the Closing Disclosure.

Not until closing must the Closing Disclosure be delivered to the seller. The title company or clos-ing agent may prepare a separate Closing Disclosure for the seller and the buyer.

8. Out of the Loop (Bad for buyers and their representing real estate agent): There is a chance that the real estate agent will not receive an advance copy of the buyer’s Closing Disclosure before it is deliv-ered to the buyer.

9. More waiting periods (The worst thing EVER to happen to sellers): In as much as the contract reads, and the logical provisions to pursue a default by the buyer, the buyer has no real accountability fac-tor to perform on time; neither does the buyer’s lender. Only the seller is bound to perform in accordance with the contract/agreement regardless of delays caused by the buyer or the lender.

Any changes to the Closing Disclosure after delivery to the buyer could trigger the start of a new three-day/additional waiting period. There might also be changes, includ-ing human error, that could require additional disclosures and/or review periods.

Items that might affect these include:•Changes that affect the annual per-

centage rate (APR).•The buyer changing loan products.•A prepayment penalty is added to

the mortgage.•Any changes and adjustments that

affect the value of the property as determined by the lender.

10. Final Property Wa l k - T h r o u g h (Bad for sellers and buyers): As a means to avoid any unforeseen issues that could delay the

closing, the National Association of Realtors

(NAR) is recommending completion of the walk-through

seven days prior to the scheduled closing.

We all know that the primary purpose of the walk-through is to make certain that the property is in the condition the buyer agreed to buy it in — that agreed-upon repairs were made and that nothing has gone wrong with the home since the buyer last looked at it.

Because most sellers do not usually move out of the home until the day of or the day before closing, it seems like completing the walk-through seven

days prior to closing would not allow the walk-through to serve its primary purpose.

11. Setting the Closing Date (No more 30-day closings that involve a mortgage lender): They’ll probably be closer to 60 days. NAR is also rec-ommending adding at least 15 days to the normal closing time frame. If you are in an area in which the average closing takes 30 days to complete, NAR is recommending you write the offer up for a 45-day close.

The good news is that these forms seem a lot easier to understand. I think these new forms will help make the closing process a better experience for buyers (not that they were having any trouble to begin with.)

The bad news comes mostly in the form of delays and longer turnaround times. That being said, I would advise sellers of the following:

You should list your home for sale with me at least one full month soon-er than you would have in the past in order to compensate for these new changes and delays.

Please feel comfortable calling me with your questions about these new guidelines, as I have attended several seminars in preparation for this event. Be aware that an agent who does not know about these changes will surely cause some timing issues with your home sale. When it’s time to sell and you want an experienced and proven Realtor to sell your home for the most money in the least amount of time with the fewest hassles, then call 281-599-6575.

Until next month, Dale Ross, The Real Estate Expert

CHANGES CONT FROM FRONT PAGE

44

SINGLE FAMILY PROPERTIES ONLYMAY MARKET STATISTICS

ZIP CODE 77450 ZIP CODE 77494

5

PARENTS: Have your child color this picture, tear it out and send it to us by Aug 29, 2015 to be entered in a drawing for $25 cash. Winner will have his or her picture in the next issue. Be sure to include contact information in the artist information section.

KIDS! Enter to Win Our…KIDS!

All 2015 Contestants will be entered in to a $50 cash drawing to be held in January 2016

Mail this original to:

Dale Ross920 S. Fry Road Katy, TX 77450

Artist’s InformationName:

Age:

Address:

Phone:

Parent Email:

CONGRATULATIONSTo This Month’s Coloring Contest Winner,

Ivy - Age 5by Dale Ross

We tend to refer to our houses as both investments AND as homes. For most homeowners, the latter will ring more true than the former – and rightfully so. When thinking about the house you live in, you should see it as a home first and an investment second.

Why is this important? Investment houses are what you buy based solely on the possible financial gain. Your home is where your family lives.

It’s true that the house in which you live has some of the same benefits as an invest-ment – namely the potential for apprecia-tion and income tax advantages - but those aren’t the only reasons you bought it, right? Any house will provide those benefits. More likely, you bought your home because it felt right when you saw it, and because you could imagine your family living there. You made sure you were not paying too much for the house (I hope) but in the end, the house suited your needs and plays a very tangible part of your daily life.

Now, what about those tax benefits? If you have a

30-year, $300,000 mortgage at 4% interest and a prop-erty tax rate around 2.9%, then owning your house rather than renting would save you about $5,769 per year in income taxes (assuming a 28% tax bracket.) Oddly enough, when it comes time to sell, many people forget that they enjoyed thousands of dollars in tax ben-efits and instead only focus on the profit margin. “How much more can I sell my home for versus how much I

paid?” becomes the sole question.Some prices are now actually falling in our market. Others are stable, while some are

still increasing. If you sell your house for the same price you paid for it three years ago, then you might think buying your home was not profitable from an invest-

ment standpoint. But when you consider that you saved approximately $17,000+ in

income taxes by owning that home over those three years (and when you think of all of the good times your family had in that home) you may see that it was still a good investment. More importantly, it was a place of enjoyment, security, and happiness for you and your family.

Is it an Investment, or is it your Home?

6

Open concept & attention to detail throughout! Double doors open to stunning foyer w/ curved wrought iron staircase & 2 chandeliers. Study w/ built-ins. Windows viewing pool & lake in 2 story family room, kitchen w/ island, granite, reverse osmosis, butlers pantry & stainless appliances including 2 ovens. Bright breakfast area + sunroom w/ chef’s desk. Media room + game room w/ wet bar + study loft w/ desk all upstairs. Patio w/ stone fireplace & outdoor kitchen. Pool, spa, waterfall & MORE! $849,900 CODE: 34607328HP

POOL & SPA

All bedrooms downstairs. Game & media room upstairs. Kitchen features gorgeous granite counters & a long granite bar area open to den, 2 stainless steel under mount sinks (1 is oversized with reverse osmosis water), tile floor & backsplash. Master suite w/private bathroom. Separate shower, garden tub, huge 16’ closet. Extra room by formal dining room - additional study or hobby room. Carpet upstairs in gameroom and media room ready for movie night. $374,900 CODE: 65239595

Outstanding unique home w/large cul-de-sac lot in Master planned Comm. Entire home has ceramic floor tile, custom open shower in hall bath, 36’’ wide handicap doors. Open concept for common areas. Gourmet kitchen featuring long breakfast bar, huge island w/cabinets, drawers & shelves underneath, granite counters, custom glass & wood cabinets w/lighting underneath. Large master suite w/private bath-whirlpool tub,separate shower, 2 closets, vanities & sinks. Covered patio facing huge yard out back. $399,000 CODE: 22877834WO

Immaculate home with open concept floorplan. Study is down-stairs behind the kitchen. 2 story den w/gas fireplace, floor to ceiling windows. Kitchen featuring granite island & breakfast bar, huge pantry, stainless appl. Master suite downstairs w/gar-den tub, sep shower, granite vanity w/2 sinks. Surround sound, alarm w/cameras, wood & tile floors & recent carpet. Iron bal-usters, catwalk over den leading to gameroom w/ 4 bedrooms and 2 more bathrooms. Covered patio in backyard & lush landscaping. $379,000 CODE: 28853144LB

Come take a dip in this gorgeous sparkling pool! Home features open kitchen to breakfast area & den. Kitchen w/granite count-ers, breakfast bar, tile backsplash & flooring. Granite vanities in all bathrooms. Master suite is spacious w/plenty of storage & private bathroom featuring whirlpool tub, sep shower, glass block window & 2 sinks. Backyard oasis with nice sized pool with waterfall, flagstone copping, cool deck, plenty of grass yard. Master Planned community w/ trails, playgrounds & more! $264,900 CODE: 85941784BH

Do you like to entertain? Stunning media room,gameroom w/mini-kitchen-granite counter, microwave & frige. Screened in patio, huge hot tub, self-cleaning pool, wine closet w/cooler. Chef’s kitchen w/open conept featuring huge granite island & breakfast bar, soft close cabi-nets, gas stove, custom built-in frige matching cabinets, raised d/w, butlers pantry,2 bedrooms & 2.5 baths downstairs.Master suite w/view of pool, private bath w/shower for 2, whirlpool tub, lots of light. Energy efficient home. $649,900 CODE: 96846783LL

POOL & SPA

Pristine home with open concept floorplan, high ceilings, game room and media room. Kitchen features large breakfast bar/island w/sink, recessed lighting, 4-burner gas stove, elec-tric oven, built-in microwave & dishwasher all black in color. Master suite downstairs w/ private bathroom, whirlpool tub, sep. shower, 2 vanities w/sinks, large closet w/2 doors on each side of vanity. French doors to study. Half bath w/large stor-age closet under staircase. Large bedrooms & large backyard w/palm trees. $249,900 CODE: 31874994SP

Beautiful home with swimming pool & hot tub, cov-ered patio, & landscaping in back. Tiled entry leads to formal dining room. Recent stainless steel appliances in kitchen, with 2 pantrys, breakfast bar. Relax in the den in front of the fireplace. Master plus 3 additional bedrooms upstairs with gameroom and laundry. Master suite with tub and separate shower, spacious walk-in closet. Recent interior paint and exterior shutters. $169,900 CODE: 46021764RM

SWIMMIN

G POOL

Gorgeous Kickerillo home w/pool & spa. Nice sized rooms, built-ins through out, great storage & unique sunk in study off gameroom upstairs & wet bar. Kitchen features granite count-ers, island & backsplash. Extra bar area off den w/granite, custom woodwork through out home, raised entry w/ceramic tile. Master suite downstairs w/private bathroom-long vanity w/2 sinks, whirlpool tub, sep. shower, 2 large clothes closets. Backyard has lattice covering cool decked patio, garage w/work station. $289,900 CODE: 8455434WS

POOL & SPA

$354,900 | CODE: 29432084WW

281-599-6575

More Money, Less Time, No Hassle!

GAME RM & MEDIA RM

NEW LISTING

NEW LISTING

GAME RM & MEDIA RM

SWIMMIN

G POOL

$249,500 | CODE: 29124014SC

Exceptionally designed home in a popular gated community. Mature shade trees surround the tranquil pool & spa in back yard. Octagon study w/gas log fireplace, 19 foot ceiling & curved wall of windows. Open kitchen w/huge breakfast bar/island, above & below cabinet lighting, sub-zero fridge, double wall ovens, butlers pantry. Private master suite w/glass block window, whirlpool tub, sep. shower & 2 sep. vanities/ sinks. Curved staircase leads to closed gameroom, media room or 5th bedroom. $549,000 CODE: 8455434WS

POOL & SPA

SOLD IN 5 DAYS @100% OF LIST!

SOLD IN 6 DAYS @ 106% OF LIST!

SOLDSOLDLovely 3 bedroom 2 bath split floor plan ready for move-in! This home features ceramic tile, formal dining room, spacious family room with tile surround fireplace, vaulted ceilings, recent interior paint, kitchen is open to the fam-ily room with gas cooking and breakfast bar. Master suite offers double sinks, garden tub, separate shower and large walk-in closet. Refrigerator, washer and dryer included. $165,000 CODE: 21324204

NEW LISTING

$284,900 | CODE: 26713841NH

SOLD IN 4 DAYS @ 100% OF LIST!

SOLD

7

Quiet cul-de-sac home that backs up to the creek. Plantation shutters,13 foot ceilings, custom built-ins & crown molding thru out. Open concept for common rooms. Recent updated master bath w/spacious frameless custom shower. Back yard is secluded with lush landscaping, covered patio, flagstone paths leading to sparkling salt water heated pool & hot tub. Gameroom could be formal living, sunroom or even a bedroom. Butler’s pantry. Workshop in garage w/half bath. $519,900 CODE: 14852499WC

POOL & SPA

All brick, one story open concept home w/ pool. Grand entrance 39 foot foyer. Plantation shutters, study & D.R. featuring wood floors. Kitchen has huge granite island/breakfast bar w/storage underneath, all SS appliances, built in wall oven & micro. Den w/wall of windows facing pool w/waterfalls. Private master suite w/gorgeous bath - sep shower, garden tub, huge clothes closet, granite vanity w/2 sinks. Neighborhood w/fitness center, sports fields, competition & rec pools, lakes, trails, tennis & clubhouse. $329,900 CODE: 97799529KF

Completely updated, energy efficient home on a cul-de-sac street. Gorgeous wood & tile flooring. Kitchen features granite & breakfast bar, recent appliances, updated lighting, smooth cooktop. Recent bathrooms w/solid maple soft-close cabinets, granite, tile. Expanded frameless shower & 2 closets in master. Surround sound & efficient LED flame system fireplace. Low-E tilt-in dbl paned windows, radiant barrier, decked attics, solar attic fans, recent roof, gutters, Hardiplank, & ext. paint. $279,900 CODE: 10168491FB

NEW LISTING

Stunning property w/spacious back yard, pristine condition home in fabulous location! Conveniently located near Cinco Ranch Beach Club w/ competitive size pool, splash pad, park & playground. Very close to schools-Beck JH & Creech Elem. Mature trees, veg. garden & lush landscaping. Soaring ceilings at entry & study, open kitchen w/granite breakfast bar, elec. stove w/gas connect. Huge master suite w/private bath, garden tub, sep. shower, long vanity w/2 sinks, huge closet. Open gamer-oom upstairs. $309,900 CODE: 99261463NP

Stunning and elegant brick home in popular neighborhood on a large lot. Handsome study w/gas log fireplace, wood paneling and wood floors. Den w/marble wet bar, gas log fireplace w/French doors leading to decked patio. Fabulous kitchen w/granite island, antique look on cabinets, double elec. ovens.2nd staircase near the garage door & breakfast room. Master suite w/whirlpool tub, 2 vanities, 2 sinks, large closet, sep. shower. Upstairs- 2 entertain-ment areas - massive game room & a media room too. $600,000 CODE: 2973648TO

NEW LISTING

Simply elegant home golf course view with library. Stylish plan w/courtyard @ front door, sunk in den, double sided gas log fireplace. Entire library has 10’shelves & window cove for sitting. kitchen w/tiled counters & Corian island & breakfast bar. Built in electric oven & microwave, gas Jenn-air stove. Family room open to kitchen w/golf course view-Willow Fork Country Club 12th hole. Master suite w/double sided f/p to bathroom, round whirlpool tub, sep. shower. Garage w/Epoxy floor & built-ins. $349,900 CODE: 36791243CL

Gorgeous one story home on cul-de-sac street with all the for-mals plus a bonus room off garage with A/C. Kitchen features granite island & breakfast bars, double ovens, stainless d/w in & out, tile backsplash, huge undermount stainless sink. Master suite w/remodeled bathroom - frameless shower, tile & lighting & 2 clothes closets. Many recent updates such as exotic wood flooring, 16 seer A/C 100K BTU furnace all with WiFi ther-mostat. Nice storage space. Covered walkway to garage from back door. $289,900 CODE: 2231844

NEW LISTING

More Money, Less Time, No Hassle!

Stunning home in sought out Master Planned Cinco Ranch. Bricked front porch & covered back patio w/sparkling heated swimming pool & hot tub. Travertine raised deck, 2 water features, lush land-scaping. Completely updated kitchen w/huge granite island, breakfast bar w/stone wall to match backsplash. $355,000 CODE: 27649597PW

SWIMMIN

G POOL

POOL & SPA

1 story, all brick home on a corner lot & cul-de-sac. Featuring a handsome study and a gorgeous kitchen with granite count-ers & breakfast bar, stainless steel appliances, gas oven/stove, tile floor and backsplash. Den has gas log fireplace. Master suite has a large private bathroom w/ separate frameless shower and whirlpool tub, 2 vanities w/sinks & solar light. The backyard features a covered patio, trees and storage for lawn equipment. The garage has work station & pegboard & cabinets. $249,900 CODE: 50386582QF

NEW LISTING

ON GOLF COURSE

Contemporary home styling with lake view.Kitchen features granite counters & island/breakfast bar, modern style tile back-splash & tile flooring.Stainless steel appliance, gas oven/stove, built-in microwave, hanging lights over island.Den features a modern wall covering to hide TV wires & electronics.Other features include double crown molding, columns, double paned windows, alarm system, contemporary wall colors & lighting. Master bath w/garden tub, seperate shower, custom closet & granite. $269,900 CODE: 96324378MM

NEW LISTING

$284,000 | CODE: 93162507BC

SOLD IN 5 DAYS @ 104% OF LIST!

NEW LISTING

SOLDSimply stunning property with so many updates! Remodeled gorgeous kitchen w/granite counters, island w/glasstop stove, breakfast bar, porcelain floor & tiled backsplash, double elec/conv ovens. Wainscoting, crown molding, built-ins, planta-tion shutters, ceiling fans, radiant barrier & additional insu-lation in attic w/decking. Back yard w/huge covered patio, play house, vegetable garden, fountain, recent landscaping, finished, extended, detached garage w/workbench & remote door openers. $299,900 CODE: 1484911CD

NEW LISTING

$401,000 | CODE: 3870872EW

SOLD IN 8 DAYS @ 100% OF LIST!

SOLD$559,900 | CODE: 15014041WS

SOLD IN 6 DAYS @ 100% OF LIST!

SOLD

8

For Results Like These, Call Dale Ross Today! 281-599-6575

ADDRESS SALE SQ. FT $/SQ. FT DOM6807 Manor Hollow Ln. $185,950 1,717 $108.30 1725310 Overbrook Terrace $260,000 2,252 $115.45 821911 Pale meadow Ct. $327,500 2,665 $122.89 64622 Huntwood Hills $330,000 3,311 $99.67 93322 Brinton Trails $366,900 2,404 $152.62 2

ADDRESS SALE SQ. FT $/SQ. FT DOM 2011 Emerald Loft Cir. $407,500 3,454 $116.53 104307 Nightmist Ct. $420,815 3,165 $132.96 53406 S. Lake Village Dr. $419,000 3,537 $118.46 2925703 Turquoise Springs Ln. $431,450 3,800 $113.54 4525211 Oakton Springs Dr. $600,000 4,788 $125.31 167

RECENT CINCO RANCH SALES

1 0 0 2 0 1 - - - - - - 4

11 15 25 19 15 36 - - - - - - 121

13 19 26 27 23 38 - - - - - - 146

12 5 13 12 13 31 - - - - - - 86

2 2 7 4 11 5 - - - - - - 31

1 0 0 2 3 2 - - - - - - 8

0 0 0 1 2 1 - - - - - - 4

0 0 0 0 0 2 - - - - - - 2

1 1 0 0 0 0 - - - - - - 2

0 0 0 1 0 4 - - - - - - 5

41 42 71 68 67 120 - - - - - - 409

CINCO RANCH

$100,000 - $199,999

$200,000 - $299,999

$300,000 - $399,999

$400,000 - $499,999

$500,000 - $599,999

$600,000 - $699,999

$700,000 - $799,999

$800,000 - $899,999

$900,000 - $999,999

$1,000,000 +

TOTAL

3 3 1 3 2 4 3 2 3 0 0 1 25

20 20 20 27 26 35 29 29 25 36 14 33 314

13 18 18 16 33 46 30 37 25 20 15 27 298

6 7 6 13 20 17 13 18 14 12 10 5 141

2 3 1 3 3 9 5 7 8 6 5 5 57

1 1 1 3 3 4 4 1 2 1 0 2 23

1 0 1 2 1 2 1 1 0 1 0 - 10

0 0 0 1 0 1 2 0 0 0 0 - 4

0 0 0 0 0 1 0 0 0 0 0 - 1

0 1 0 1 0 1 1 2 0 0 0 - 6

46 53 48 69 88 120 88 97 77 76 44 73 879

$100,000 - $199,999

$200,000 - $299,999

$300,000 - $399,999

$400,000 - $499,999

$500,000 - $599,999

$600,000 - $699,999

$700,000 - $799,999

$800,000 - $899,999

$900,000 - $999,999

$1,000,000 +

TOTALThese closings include re-sales only.

The Dale Ross Realty Group is continually working with a large contingent of relocation buyers who are looking for one-story homes, water view homes, golf course properties and homes with a swimming pool. If you are thinking about selling your home, then do the smart thing and sell your home quickly and for top dollar to one of our waiting buyers while saving thousands of dollars on real estate fees.

BY THE WAY, our team sale fee is just 4.5% of the sales

price, and we have more than 200 active buyers in our database looking for a home like yours right now. No long-term con-tracts, no high pressure, no hidden fees; just great service and the highest possible sales price with the least amount of hassle. Call today and save.

The Dale Ross Realty Group, Top 20 Real Estate Group in Houston, Texas, 281-599-6575.

Single-story homes and homes with a pool.WANTED IMMEDIATELY!

126 146 178 207 211 221 - - - - - -

58 49 49 45 48 58 - - - - - -

73 94 103 143 150 123 - - - - - -

37 29 30 28 29 34 - - - - - -

41 83 188 222 289 409 - - - - - -

46 99 182 215 303 423 - - - - - -

41 42 71 68 67 120 - - - - - -

46 53 48 69 88 120 - - - - - -

70.42 72.58 74.42 74.92 79.67 82.33 - - - - - -

1.79 2.01 2.39 2.76 2.65 2.68 - - - - - -

Active Listings

Avg Days on Market

Pending Listings

Avg Days on Market

Sales YTD this year

Sales YTD last year

Sales this year/Month

Sales last year/Month

Absorption Rate

Month’s Supply

9

KELLIWOOD

0 0 2 89.49 0 0 0 0 0 0 1 112.53 0 0 0 0 0 0 0 0 0 0 0 0 3

0 0 0 0 1 125.16 2 147.84 1 144.21 1 164.09 0 0 0 0 0 0 0 0 0 0 0 0 5

0 0 0 0 2 236.07 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2

1 69.64 0 0 1 110.21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2

1 92.93 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1

0 0 2 123.13 1 143.72 0 0 0 0 2 125.03 0 0 0 0 0 0 0 0 0 0 0 0 5

0 0 0 0 2 95.31 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2

0 0 0 0 2 114.81 0 0 2 120.34 1 111.36 0 0 0 0 0 0 0 0 0 0 0 0 5

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 1 118.86 0 0 2 160.72 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3

0 0 2 101.82 2 101.30 1 117.96 1 134.14 1 97.55 0 0 0 0 0 0 0 0 0 0 0 0 7

0 0 0 0 2 101.88 1 105.53 1 101.02 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4

0 0 0 0 1 102.21 2 127.01 1 107.45 1 108.87 0 0 0 0 0 0 0 0 0 0 0 0 5

0 0 0 0 0 0 1 82.67 0 0 1 102.89 0 0 0 0 0 0 0 0 0 0 0 0 2

0 0 2 126.69 1 107.91 2 127.92 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5

44

ADDRESS SALE SQ. FT $/SQ. FT DOM

1903 Kelliwood Trails $259,900 2,526 $102.89 1620622 Spring Rose $255,000 2,614 $97.55 372827 Norwood Hills Dr. $284,900 2,617 $108.87 420010 Erika Way Dr. $401,000 3,257 $123.12 81522 Pebble Chase Dr. $487,500 4,322 $112.53 719910 Parsons Green Ct. $575,000 4,530 $126.93 121407 Kelliwood Greens Dr. $599,000 5,379 $111.36 162107 Avebury Ct. $717,900 4,375 $164.09 5

For Results Like These, Call Dale Ross Today!

KELLIWOOD SALES IN MAY 2015

16 16 17 23 28 33 - - - - - -

96 47 63 59 35 48 - - - - - -

21 9 14 12 19 15 - - - - - -

56 18 17 22 32 28 - - - - - -

2 10 27 36 44 52 - - - - - -

8 8 18 22 31 50 - - - - - -

2 8 16 9 8 8 - - - - - -

8 2 8 4 9 19 - - - - - -

11.42 8.58 9.25 9.58 10.25 10.17 - - - - - -

1.98 1.86 1.84 2.4 2.73 3.24 - - - - - -

Active Listings

Avg Days on Market

Pending Listings

Avg Days on Market

Sales YTD this year

Sales YTD last year

Sales this year/Month

Sales last year/Month

Absorption Rate

Month’s Supply

WHICH WAY IS THE VALUE OF YOUR HOME HEADED? www.RealtyPriceTrends.com

1 0

0 0 1 0 0 0 - - - - - - 1

1 3 1 2 2 3 - - - - - - 12

0 3 3 4 7 3 - - - - - - 20

1 0 1 0 1 3 - - - - - - 6

1 0 1 0 1 4 - - - - - - 7

0 0 0 1 0 4 - - - - - - 5

0 0 0 0 0 0 - - - - - - 0

0 0 0 0 0 0 - - - - - - 0

0 0 0 0 0 0 - - - - - - 0

0 0 0 0 0 0 - - - - - - 0

3 6 7 7 11 17 - - - - - - 51

GRAND LAKES

$100,000 - $199,999

$200,000 - $299,999

$300,000 - $399,999

$400,000 - $499,999

$500,000 - $599,999

$600,000 - $699,999

$700,000 - $799,999

$800,000 - $899,999

$900,000 - $999,999

$1,000,000 +

TOTAL

0 0 0 0 0 0 0 0 1 0 0 0 4

2 2 5 12 3 3 3 4 2 7 2 4 65

1 3 5 0 6 6 6 6 2 4 2 4 55

3 0 3 2 3 5 7 5 3 1 1 1 32

0 1 1 0 0 2 2 1 1 0 2 1 21

1 1 2 0 1 2 2 1 2 1 1 0 11

0 0 1 0 1 0 1 2 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 1

0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0

7 7 17 14 14 18 21 19 11 13 8 10 189

$100,000 - $199,999

$200,000 - $299,999

$300,000 - $399,999

$400,000 - $499,999

$500,000 - $599,999

$600,000 - $699,999

$700,000 - $799,999

$800,000 - $899,999

$900,000 - $999,999

$1,000,000 +

TOTALThese closings include re-sales only.

27 38 39 38 38 41 - - - - - -

42 45 51 64 51 44 - - - - - -

12 7 15 24 22 22 - - - - - -

34 7 32 41 44 38 - - - - - -

3 9 16 23 34 51 - - - - - -

7 14 31 45 59 77 - - - - - -

3 6 7 7 11 17 - - - - - -

7 7 17 14 14 18 - - - - - -

13.92 13.75 13 12.42 13.17 13.83 - - - - - -

1.94 2.76 3.00 3.06 2.89 2.96 - - - - - -

Active Listings

Avg Days on Market

Pending Listings

Avg Days on Market

Sales YTD this year

Sales YTD last year

Sales this year/Month

Sales last year/Month

Absorption Rate

Month’s Supply

dict that the market will continue to shift. Not because of a lack of buyers, but due to more sellers in the market. I think “worst case” is that homes will have depreciated less than 2% by the end of the year when compared to last year. Of course, time will tell. Last year at this time, the appreciation rate was 13% over 2013, this year it is 3% over 2014 on average; still in positive territory. September will give us a better clue as the majority of summer buyers and sellers will be out of the market by then and normalcy will prevail. Homes sales are still extremely strong. An abundance of buyers are in the market. Your home MUST be advertised in the places buyers are looking in order for it to sell.

First time home buyers are still pouring into the market, and while the number of first time buyer homes (<$175,000) for sale has grown, there is still very limited inventory in that arena. Most of these buyers are local and not necessarily dependent on petroleum-related jobs, so that sector of the market remains largely unaffected

by the downturn in the petroleum industry. When a first time buyer home sells, then those sellers become buyers and usually buy a more expensive home in turn. That’s more of what happens in a normal real estate market. People always need a place to live, and home payments are still less than apartment rent.

By the way, if someone you know is stuck in a lease and wants to buy a home now, have them call me to learn about my lease buy-out program. My exclusive program will very likely get them into a home much faster than they would by waiting until the end of their lease.

WOW! While writing this article, I just learned of several thousand petroleum jobs being eliminated in the next two months. That’s big news. From what I hear, there is more to come. I’ll let you know when I learn more.

Back to our regularly-scheduled program: The market is shifting. Believe it or not,

most real estate agents have never experienced a shifting market. I have. Just sticking a sign in

the yard and waiting for buyers to outbid each other is no longer going to work. Many real estate agents will get out of the business because they do not know how to change with the mar-ket. Just look around at all of the signs that are popping up and staying up for months. It’s easy to see that things aren’t like they used to be.

When you are ready to sell your home and want to sell it quickly and for the highest price, then call the Dale Ross Realty Group. We will show you our powerful marketing programs that do exactly that. Call today for a no-ob-ligation consultation. If you are curious as to how your home price is trending, then visit RealtyPriceTrends.com and get a free monthly report. OR visit DaleRoss.com for a free, over-the-web market analysis to learn how much your home would sell for today.

By the way, if you are looking for a home to buy, then search the same database that agents search at Homesearch25.com.

Until Next Month, Dale Ross, 281-599-6575

REPORT CONTINUED FROM FRONT PAGE

RealtyPriceTrends.com

WHICH WAY IS THE VALUE OF

YOUR HOME HEADED?

11

0 0 0 0 0 0 - - - - - - 0

0 1 3 1 5 1 - - - - - - 11

0 1 3 3 2 4 - - - - - - 13

0 2 2 0 6 2 - - - - - - 12

1 1 1 0 2 3 - - - - - - 8

0 0 0 1 0 1 - - - - - - 2

0 0 1 0 0 2 - - - - - - 3

0 0 0 0 0 1 - - - - - - 1

0 0 0 0 0 0 - - - - - - 0

0 0 0 0 0 0 - - - - - - 0

1 5 10 5 15 14 - - - - - - 50

SEVEN MEADOWS

$100,000 - $199,999

$200,000 - $299,999

$300,000 - $399,999

$400,000 - $499,999

$500,000 - $599,999

$600,000 - $699,999

$700,000 - $799,999

$800,000 - $899,999

$900,000 - $999,999

$1,000,000 +

TOTAL

0 0 0 0 0 0 0 0 0 0 0 0 0

0 3 4 3 2 3 1 5 6 1 2 4 34

2 0 3 3 1 7 6 8 2 4 2 2 40

0 0 2 1 1 3 1 4 3 2 0 0 17

1 0 1 1 1 2 2 1 1 1 0 0 11

0 0 0 0 0 1 1 2 0 0 0 0 4

0 0 0 1 0 1 0 0 0 0 0 0 2

0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0

3 3 10 9 5 17 11 20 12 8 4 6 108

$100,000 - $199,999

$200,000 - $299,999

$300,000 - $399,999

$400,000 - $499,999

$500,000 - $599,999

$600,000 - $699,999

$700,000 - $799,999

$800,000 - $899,999

$900,000 - $999,999

$1,000,000 +

TOTALThese closings include re-sales only.

18 25 27 33 30 22 - - - - - -

58 43 49 47 59 59 - - - - - -

7 9 18 26 29 16 - - - - - -

41 39 23 26 19 26 - - - - - -

1 6 16 21 36 50 - - - - - -

3 6 16 25 30 47 - - - - - -

1 5 10 5 15 14 - - - - - -

3 3 10 9 5 17 - - - - - -

8.92 9.08 9.17 8.83 9.92 9.5 - - - - - -

2.02 2.75 2.94 3.74 3.02 2.32 - - - - - -

Active Listings

Avg Days on Market

Pending Listings

Avg Days on Market

Sales YTD this year

Sales YTD last year

Sales this year/Month

Sales last year/Month

Absorption Rate

Month’s Supply

DALE ROSS REALTY GROUP

MEE

T TH

EGR

OUP

DALE ROSS CEO & TEAM LEADER

RIGO VILLARREAL EXCLUSIVE AGENT

SAMANTHA VILLARREAL VP OF OPERATIONS

RHONDA HUBENAK-MARTINEZ EXCLUSIVE AGENT

ASHLEY BLAKE TRANSACTIONS MANAGER

CARLOS IBARRA EXCLUSIVE AGENT

MARY BURNETT LISTINGS MANAGER

ROBERT ROSS EXCLUSIVE AGENT

MANDY PYFFEROEN MARKETING MANAGER

• Our entire staff works 7 days a week.• Luxury Media Marketing Package: Professional Photo Session with 32 Enhanced High

Definition Photos, Aerial Photo, Enhanced Night Time Photo, Virtual Tour with Google Earth, Listing Syndication & Tour on YouTube and 312 Other Websites.

• Professional staging at our expense.• Broad, international-exposure marketing program.• Price support system incorporates a full feature professional marketing brochure

for your home.• Advertising in our exclusive Real Estate Report. The only real estate newspaper

in West Houston.• All buyer inquiries are answered within 15 minutes.• Showing feedback is delivered to you immediately upon receipt.• Weekly internet traffic reports.• Biweekly market analysis.• Our exclusive Market Launch program guarantees your home will sell for the

highest possible price.• Full featured mobile website for your home for drive-by texting.• Reduced Fee Team Sale offer.• Easy exit listing agreement.• 2% For Sale By Owner program.• Our exclusive Move Up and Move Down program saves you money on commissions.• Preliminary title investigation to avoid a closing delay.• Daily monitoring and updates on your pending transaction.• We attend closing with you.

• The Dale Ross Realty Group sells more homes than 99% of all other Realtors in the United States.

• Our office sells more homes than any other Houston-area real estate office.• Keller Williams is the largest real estate company in the United States.

Why Do We Sell 19 Times More Homes Than the Average Agent?Because we take every extra measure to sell your home for the highest

possible price, in the least amount of time, with the least amount of hassle.

Find out how much your home is worth TODAY at www.DaleRoss.com

Facts

281-599-6575