After over a year in confinement due to the pandemic, we came out with a bang in the Texas real estate market. Or so it seems. Employers and employees learned to work remotely. Companies understood the business benefits offered by this beautiful state. People understood the affordability of housing in Texas. Jobs and affordability added to mobility has made this one a complete sellers market.
We have seen many of our so called competitors completely vanish from the market place. The investment on marketing and the huge competition for a small amount of properties made it impossible for them to survive.
Not to mention the rehabbers (also known as flippers). The price of materials sky-rocketed on them. Not long ago one of the major flippers of high end properties announced that he was quitting the activity for now. He is just going to sit and hoard money to be ready for when the market goes down. It is debatable if this is just a bubble or the new normal here. The facts seem to substantiate the later at least for a while.
Our big surprise has been that even in the middle of these conditions, we have kept doing business. There is a pool of families that had to face extended periods of time without income, due to job losses in 2020. And the only asset to get back on their feet is their home. They now see the light at the end of the tunnel so they are ready to take a leap of faith, sell, pay off their debts and start clean.
And many of them have reached out to us, referred by our previous customers. Seeing them prefer us versus the multitude of other services has been a testimonial that doing the right thing always pays off. Their family and/or friends know that the process will be easy, transparent and quick. And they will be able to put cash in their pockets in a short period of time in many cases still staying in their home.
We want to thank all our former and current customers for their trust and faith on us. We will keep doing business just like our name says: in good faith. Thank you!