Tag: Home Buying Tips

Make a Competitive Offer as a Katy Homebuyer

Katy TX Homebuyers

Katy TX Home-Buying Tips

If you are buying a Katy home this holiday season, you need to be prepared to make a competitive offer. It’s a seller’s market, as the inventory of homes for sale is below average, and buyers are out and eager to buy, putting sellers in the driver’s seat. However, it is a great time to buy, because mortgage rates are at record lows! Home prices have been increasing but are projected to continue going up into 2021. The sooner you buy, the more you might save.

As your Katy real estate agent, I am here to help guide you through the entire home-buying process, and to help you make a competitive offer on the home you want to buy. Here are some tips to help prepare you for the process:

1.  Trust your real estate agent. Your agent is there to guide you through the process, and to help you make informed decisions, based on their expertise in the field and their knowledge of the market. Listen to them! It’s an emotional time for buyers, but you don’t want to sacrifice your must-haves or your future financial stability. Your agent can help keep you on track and help you decide on the right offer amount.

2.  Know your financial situation. Make sure to get preapproved for a mortgage loan before beginning your home search. Many buyers are having to act fast once they view a home they want to make an offer on, because homes are flying off the market. Getting preapproved allows you to know exactly what you can afford, so you don’t search over your price range, and a seller will take your offer more seriously, which makes your offer more likely to be accepted.

3.  Make an offer quickly. Like I mentioned, listings are sometimes off the market in weeks or even days, and sometimes with multiple offers. This is the time to be vigilant and ready to make a quick offer. Know what you want and how much you can afford ahead of time, so when you find a home that meets your criteria, you can make an offer immediately.

4.  Make an offer that stands out. Your agent will know how competitive the market is. They can find out if this house has gotten other offers. They will know what other houses like this have sold for. This will all help you determine how much to offer. To stand out, you can go over asking price, or add an escalation clause, where you’ll pay more than the highest bidder, with a maximum in place. You can offer cash, fewer contingencies, or flexible move-in dates. You could write a letter to the seller explaining why this is your dream home.

All of these tips will help your home-buying process run as smoothly as possible. If you have questions, or you’re ready to get started in the Katy real estate market, contact me! As your Katy real estate agent, I am here and ready to help you find the home on your holiday wish list.

Mickie Cioccia | Broker Associate

Mickie C Team
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Credit Score Info for Katy TX Homebuyers

katy homebuyers

Credit tips for Katy homebuyers

If you’d like to buy a Katy, TX home this spring, it’s a great season to do so! Mortgage rates are still low, but predicted to rise. Home prices are still going up, so buying sooner than later could save you money. More homes are coming on the market. The weather is great for house hunting. If you buy now, you’ll be settled in for a summer season of fun. The list goes on!

As your Katy real estate agent, I am always here to answer questions, to guide you through the home-buying process, and to help you find the Katy home of your dreams! I am also here to provide helpful tips and information for buyers, such as the latest info on credit scores.

Many Katy buyers are misconceived about what type of credit score it takes to purchase a home. Many don’t even know their credit score, but assume it’s too low to buy. Let’s take a look at the latest data so you can get a better idea of your options.

First off, a credit score, also known as a FICO score, is a calculation of your history of paying back debt and making regular payments. The higher the score, the better your credit history.

A recent report showed that 24 percent of renters think you need a credit score between 780 and 800 to be considered for a mortgage, which is a really high number. Fortunately, there are many other options, as only 25 percent of Americans have a score between those numbers.

The Federal Housing Administration (FHA) requires a minimum credit score of 580 for low down payment mortgage loans. USDA loans usually require a score of at least 640. VA loans for veterans have no credit score requirement.

The average credit score for loans closed in January was 726, but there were plenty of people with lower scores who were obtaining loans. The average score of closed FHA loans was 675.

So, if you’ve got a low score, you’ve got options. But your best bet is to pull your credit reports when ready to buy, so you can find out exactly what your FICO score is. The average year-over-ear FICO score has steadily increased since 2009. The average score is 704. You might be pleasantly surprised when you pull your credit reports!

If you’d still rather improve your credit score before buying, so you can qualify for better mortgage options, there are plenty of ways you can do so. Here’s a realtor.com article that offers many. The first step is to go through your credit history and make sure there aren’t any errors! Then, try some of their other tips. Even if you’re not ready to buy yet, these are great tips for anyone wanting to improve their credit, and it can be a slow process, so better to start soon.

When ready to buy a home in the Katy real estate market, contact me, your Katy real estate agent! I am here and ready to help you with all of your home-buying and/or home-selling needs in Katy this spring.

Mickie Cioccia

Mickie C and Company Realty
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See Katy and Houston, TX Homes for Sale 
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Katyites | Powered by © Katy Real Estate, Texas Real Estate - use Katyites Real Estate to find real estate in Katy Real Estate or other Texas real estate. Use our home buyer tools to research all aspects of the Katy Real Estate housing market including Katy Real Estate neighborhood information, Katy Real Estate home loans, and Katy schools. Whether looking for homes for sale in Katy Real Estate or Katy Real Estate apartments for rent, Yahoo! Real Estate can help. Our Katy real estate market snapshot gives you an overview of the housing market in Katy Real Estate, TX - easily find Katy Real Estate housing market prices, housing inventory statistics such as number of listings, median home price, home price trends, and monthly real estate market trends. Once you have a better sense for the Katy real estate market, search our Katy Real Estate foreclosures, Katy Real Estate new homes, Katy Real Estate classifieds, Katy Real Estate rentals, or all Katy homes for sale. From the award winning KatyISD school district, to the tremendous value in luxury homes in great family subdivisions like Cinco Ranch, Grand Lakes, Seven Meadows, Green Trails, Kelliwood, Nottingham, Windsor Park, Cross Creek Ranch, and Falcon Ranch, to world class hospitals and medical facilities that have the Katy area being dubbed "Med Center West"

realized they had found the perfect place for their clients to raise a family...and for their clients parents to enjoy the Grandchildren! Katy boasts great Active Senior options like Heritage Grand (a 55+ section of Cinco Ranch) and The Solana at Cinco Ranch, wonderful family amenities like parks, playgrounds, golf courses, lakes, fishing, boating, nature walks, and short drives to the beach and Hill Country. the Katy area is a great place to enjoy the weekend. Simply put Katy has it all! Area Tour" with you and show you why they feel Katy Real Estate is the best place in the Houston area to live, work. and play! You will see schools, great luxury family subdivisions, shopping facilities, highway options, and wonderful restaurants! Cross Creek Ranch: Cross Creek Ranch is the newest Master Planned Community in the Katy Real Estate area but is quickly catching on with those looking for a little slower pace

While still having lots of amenities and wonderful school options. Developed by the same people who brought us Grand Lakes, Cross Creek Ranch has a wide variety of homes and prices. This community is an easy commute to I-10 and the Westpark Tollway. Kelliwood: Kelliwood is a beautiful group of subdivisions off S. Fry Rd. A wide range of homes and home prices can be found here. From Custom Gated sections like LakeForest that are comprised of all estate homes...to smaller patio homes that border the Willow Fork Country Club. The short commute times appeal to a wide range of buyers! Green Trails: Green Trails is a large Master Planned Community that borders I-10, S. Fry Rd, and Baker Rd. It is full of amenities for the family, is close to I-10 and the Houston Energy Corridor, and has a variety of styles and price ranges from small one story homes up to Custom Estates...no matter what you are looking for it will be easy for you to carve out your slice of Green Trails! Silver Ranch: A fairly new master planned community located in area that some folks believe is the best part of all of Katy Real Estate.

Silver Ranch is only a short drive away from Katy Mills Mall and is located in the highly acclaimed Katy Independent School District. The community is approximately 3 miles from both I-10 and the Westpark Tollway. Lavish homes ranging from the $140's to $300's make the community very affordable for growing famililies or empty nesters. Silver Ranch is conveniently located for access to major employers in the energy corridor and has easy entree to South West Houston, Sugarland, West Park Tollway along with numerous park and ride bus lots that have express service to downtown Houston. When this community is completed it will be home to about 1,500 families. Amenities include Six Lane Jr Olympic Pool , Stone Grill Children's Splash Pad, Tennis Court, Playground and Swing Set, Outdoor BBQ Pavilion and numerous Walking Trails.

Seven Meadows: Seven Meadows is a Master Planned Community that was developed by the same people who put Cinco Ranch on the map! It is located right off HWY 99 (the Grand Parkway) with short commutes to both I-10 and the Westpark Tollway. Pools, parks, a movie theater, work out facilities, and nature trails are all part of this great community!


Katy is a city located in Harris, Fort Bend and Waller Counties in the U.S. state of Texas, within the Houston–Sugar Land–Baytown metropolitan area. The population was 11,775 at the 2000 census.

Katy, suburb of Houston, Texas, is named for the Missouri-Kansas-Texas Railroad (commonly referred to as the "K-T Railroad", now a part of Union Pacific) that ran through Katy in the 19th century. Katy was once known as Cane Island. The name is derived from Cane Island Creek which runs just west of downtown. Cane Creek is a branch of Buffalo Bayou. The origins of the name Cane Island are believed to be from the fact that Katy was once a major sugar cane producer and rice producer. To commermorate the importance of rice to the Katy community, the Chamber of Commerce holds the Rice Harvest Festival every second weekend of October.

Katy was recently the location of one of the ten large red balloons in the DARPA Network Challenge on December 5, 2009. The balloon was stationed in Katy Park.

In 2009 the Gadberry Group named Katy as one of nine "9 from 2009" most notable high growth areas in the United States.
After a low income apartment complex was proposed for development in an adjacent unincorporated area, in 2010 the Katy City Council passed a resolution stating that the development would decrease property values.[5] The plans for the complex were canceled.