Tag: katy real estate market

Katy, TX Home-Buying Facts

Katy homebuyers

Katy home-buying myths vs. facts

Are you thinking about buying a Katy home this fall season? Will this be your first home purchase? As first-time buyers begin to consider homeownership, it can seem like a daunting task, or worse, impossible. Perhaps you think you don’t have enough of a down payment saved, or you won’t qualify for a mortgage, or it’s too long of a process to bother with right now.

As your Katy real estate agent, allow me to clear up some home-buying myths! While the home-buying process is a long one, with many steps, it’s doable for more people than you imagine. This might include you! Let’s look at some of the stats:

  • If you think you need a 20 percent down payment, 40 percent of millennial first-time buyers put down less than 10 percent. There are options that allow you to put as low as 1 to 2 percent down!
  • If you think your credit score isn’t high enough, it turns out that the majority of potential buyers think that they need a score of 780 or higher. The average credit score on approved loans is actually 724, and FHA loans will take credit scores in the 600s.
  • If you think getting approved for a mortgage is too hard, and you won’t qualify, you might be surprised! Just last month, 76.4 percent of loan applications were approved. Your best bet is to meet with a local lender and find out what is available to you.
  • If you currently own and want to move up to a better home, but don’t think you have enough equity if your home to move, 81.1 percent of homeowners in the U.S. have significant equity, meaning more than 20 percent equity.
  • If you think it’s cheaper to rent than to buy, not true. Buying a home is 36 percent less expensive than renting in the U.S. True, you have to pay for repairs as a homeowner, but landlords build that cost into your rent. Mortgage payments are often lower than monthly rent.

On that last point, it’s important to remember than unless you’re living with friends or family rent-free, you’re already paying a mortgage! If you rent, you are paying your landlord’s mortgage, and your landlord is reaping the rewards with equity and savings. Once you buy, you are investing in your own future! You are still paying a monthly payment, but you’ll see that money again when you go to sell, unlike with renting.

Plus, as long as you have a fixed-rate mortgage, your monthly payment will never increase. With rent, rates are continually increasing and are expected to continue rising over the next three decades.

Do yourself a favor and meet with a local mortgage lender to see what loan options you may have available to you. If you have questions about the home-buying process or the Katy real estate market, or you’re ready to get started, contact me, your Katy real estate agent! I am here and ready to guide you through the entire process, until you have a new set of keys in your hand.

Mickie Cioccia
Mickie C and Company Realty
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What Katy Homeowners Need To Know After Harvey

Post-Harvey Info for Katy Homeowners

Post-Harvey Information for Katy Homeowners

If you are wondering how Hurricane Harvey will impact the local Katy real estate market, or you’re looking for information about FEMA, you’ve come to the right place! As your Katy real estate agent, I’d like to share some helpful information with you, and provide you with links where you can learn more.

Harvey is not the first hurricane to reach the shores of Texas, and history shows that home sales will likely decline in the months following a hurricane, but then will rise a year from now. (The same is true for jobs in the area.) If your home was under contract before the hurricane, it will likely need another inspection prior to closing.

Because inventory will decline for a time, it may put pressure on existing listings and rentals, and rents and prices may rise. However, inventory could also soon increase from homeowners who wouldn’t have sold otherwise, but who are now ready to move away from hurricane territory. Homeowners may also buy second homes they wouldn’t have normally bought, in order to have somewhere to live while their current homes are repaired.

Local economist Ted Jones shared an informative summary on how hurricanes affect housing markets, with graphs from past hurricanes to back him up. You can check out these white pages here.

If you are interested in learning about the FEMA Home Buyout Program, you can learn more in this informative article from Harris County Flood Control District. They explain why the process takes so long, and they state that they will most likely begin making offers on properties they would like to buy within the next four months. If interested, you can register to request to be bought out if you were flooded from Harvey. Someone will call you within 24 hours to discuss.

In order to be considered, your home needs to be located deep within a mapped floodplain and subject to repetitive flooding. HCFCD purchases complete swaths or tracks of homes in floodplains and turns them into a drainage facility or pond, or a natural preserve, to prevent homes in these areas from being flooded again in the future.

Other helpful websites to know about include the Harris County Flood Warning System, where you can view rainfall amounts from rain gauges throughout Harris County and see how much rain typically falls in your area, and how close the nearest watershed is to you. This can help you plan for your future.

This Harris County Flood Education Mapping Tool allows you to view floodways from a map and to see if your property is currently in a 100-year or 500-year floodplain. This is great if you are planning to relocate in the Katy area, but would first like to see where watersheds are located near potential properties, and where the nearest floodways are located, which are the main corridors that water will travel down and will be most heavily impacted by flooding.

If you have questions about any of this, feel free to contact me, your Katy real estate agent, and I can either answer them or point you in the direction of someone who can.

If you’d like to buy or sell in the Katy real estate market this fall, contact me! Even with Harvey issues to deal with, activity in the market never ends. Contact me, and let’s discuss your home-buying or home-selling options right now!

Mickie Cioccia
Mickie C and Company Realty
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What Katy Homebuyers Should Know About Closing

Katy Homebuyers

Lots takes place before the final closing 

As a Katy homebuyer, you might consider house hunting as the most stressful part of a home-buying process, and some buyers would agree! Other buyers would say that the most stressful period was after they put an offer on a home and had to wait for closing day. Every home-buying process is different, depending on the buyers and sellers, the Katy real estate agent involved, compromises and negotiations, timelines, the house itself, the home inspection and appraisal, and so on.

Here are four things that Zillow recommends buyers know while they wait for closing day to arrive in the Katy real estate market:

1.  Your mortgage rate could expire. Your mortgage lender will typically lock in the interest rate they quoted you, for 45 or 60 days, but closing on a Katy home could take longer than that. This is especially true if any issues arise, such as open permits or illegal renovations. Keep an eye on rates.

2.  The mortgage process isn’t over. You’re not in the clear until closing day papers are signed and the keys are in your hand! Some lenders will continue to verify income, credit and so on until the very last minute. Don’t go moving around funds, spending a bunch of money or changing jobs without running it by your mortgage professional.

3.  The house isn’t yours yet. Until all of the papers are signed, you can still back out. Request a walk-through 24 hours before the closing to see that things are as they should be. If the seller hasn’t made repairs that you agreed on, or hasn’t moved out yet, or systems aren’t working, you can postpone the closing if need be.

4.  You might need to do homework. Find out if the seller was required to disclose issues with the home, or if it’s “caveat emptor,” or buyer beware. Either way, it’s not a bad idea to do some research on the home to see if there’s any outstanding permits, or any issues with the local building department or health department.

What does this all mean for you? Zillow recommends that for the smoothest closing, Katy homebuyers must have a reliable, experienced Katy real estate agent on their side! Your agent can refer you to quality mortgage professionals in the area, along with attorneys, inspectors and more, which saves you time and stress. Agents also negotiate on your behalf, to ensure that you are satisfied and comfortable with the closing agreements, timelines and compromises made with the home seller.

Ready to buy a Katy home? Contact me! I would love to work with you as your Katy real estate agent, to ensure a smooth home-buying process for you and all those involved. Call me as soon as you’re ready to get started, or if you have home-buying questions. I look forward to hearing from you!

Mickie Cioccia
Mickie C and Company Realty
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Perks of Homeownership in Katy, TX

Katy Homeownership

Katy homeownership has educational benefits

Are you thinking about buying a Katy home? As a Katy real estate agent, I would like to fill you in on numerous perks that you can experience with homeownership! The perks range from financial to social and educational. Once you’ve learned about these proven perks, you can see what a great benefit it is to own your own Katy home.

  • Equity – When you own a Katy home, your monthly payments go toward your mortgage instead of your rent. This means that you are building personal wealth and assets instead of building your landlord’s assets. This is why the net worth of a homeowner is so much higher than the net worth of a renter! When you go to sell your home, you’ll see that money again, and hopefully more than you bought it for. Currently, home equity is on the rise.
  • Stability – When you buy a Katy home with a fixed-rate mortgage loan, you know how much you’ll be paying monthly for years to come. This creates a more financially stabilized environment, because you won’t have unexpected rent increases. A recent survey found that rent increases are expected to continue to rise for the next year by an average of 8 percent, and 53 percent of property managers said they are more likely to bring in a new tenant at a higher price than to negotiate with a current tenant.
  • Education – A new study shows many ways that homeownership increases educational achievement among youth! More teenagers in home-owning families stay in school, children of homeowners tend to have higher levels of math and reading achievements and less behavioral issues, educational opportunities are typically higher in neighborhoods with high rates of homeownership and community involvement, and children of homeowners go on to make higher earnings after school.

As you can see, there are many benefits to owning a Katy home! Aside from these, others I can think of off the top of my head are that you can raise a family in one place, while growing roots and getting to know neighbors, schools and the community as a whole, you can design and remodel your home however you wish, and you typically have more space to work with and more privacy.

What is your favorite thing about the prospect of homeownership in Katy? Leave a comment and share! I’d love to hear from you!

When you are ready to buy a Katy home, I am here and ready to help you through the entire home-buying process in the Katy real estate market. As a Katy real estate agent, I have years of experience and expertise helping others find the homes of their dreams. Let me help you achieve this dream! Contact me!

Mickie Cioccia
Mickie C and Company Realty
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Why to Use Agent When Selling Your Katy Home

Katy home sellers

Tips for Katy, TX home sellers

If you’re ready to sell your Katy home, you might wonder if you should use an agent or not. You might be reading reports about how it’s a seller’s market, with inventory low, buyer demand high and home prices/sales rising. You might decide that means you can save the money on using an agent, and just sell your Katy home on your own. As a Katy real estate agent, I am here to tell you why that might not be the wisest decision.

Since I am an agent, you might take my opinion as bias. Therefore, here are five reasons that KCM Crew recently gave for why home sellers should not try to sell FSBO:

1.  When you work with an agent, the exposure your listing has to prospective buyers grows by a vast amount. Studies have shown that 88 percent of buyers search online, so rarely does a yard sign or ad in the paper get the job done anymore. Even if you do put a listing up online in your own way, not nearly as many buyers will see it as when you work with an agent. We know exactly where to put it to ensure the most views! After all, we’ve been doing this for a long time.

2.  You see results from the internet. Studies show where recent buyers actually found the home that they ended up purchasing. Of those buyers, 44 percent found it on the internet, 33 percent from a real estate agent, 9 percent from a yard sign and 1 percent from the newspaper. The numbers don’t lie! The best way to sell your Katy home is with a professional listing on the internet, and with a Katy real estate agent who has experience and a strategy ready to go.

3.  The average person doesn’t have negotiating skills like an agent does. Most Katy home sellers don’t realize how many people they’ll have to negotiate with during the home-selling process! You’ll negotiate with a buyer who wants the best deal possible, the buyer’s agent who has lots of experience with this and who solely represents the buyer’s interests. Then there are attorneys, home inspectors, appraisers and more. Agents are professionals at negotiating! We do it all the time.

4.  Paperwork has made it hard for FSBOing. First of all, the paperwork involved in selling a home has increased significantly over the years. There are tons of disclosures and regulations that you have to follow, which can become quite stressful, and prolong the process, if you don’t know what you’re doing. This might be why FSBOing has dropped from 19 to 8 percent over the last 20 years.

5.  You net more when you use an agent! This is the most important reason of all. The whole point of you not working with an agent is to save money, but you make up for that in the price of the home! Studies have shown that the typical house sold FSBO sells for $210,000, while the typical home sold by an agent is $249,000. Also, the seller and buyer can’t both save the on real estate commission, so you may not even save in the long run.

As a Katy real estate agent, I know where to list your home so that potential buyers see it. I have the technology for professional photos for your listing.  I know how to negotiate. When you work with me, you might sell your Katy home for more than you would on your own, and faster!

Are you convinced? Have questions, or are you ready to sell? Either way, contact me! I am ready to help you.

Mickie Cioccia
Mickie C and Company Realty
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Brokerage Information for Katy Real Estate Clients

Katy Real Estate

Brokerage Information for Katy Clients

If you are a Katy homebuyer or Katy home seller, it is my duty to explain how brokerage services work, and what we will do for you. Texas law actually requires this, but as your Katy real estate agent, I want to share with you anyway, so you can be as informed and confident as possible going into the home-buying or home-selling process!

First off, to help you understand what a broker is, a broker is responsible for all brokerage activities, which includes all acts performed by the real estate agents sponsored by the broker. The real estate agent must be sponsored by a broker and works with the clients, the sellers or buyers, on behalf of the broker.

A broker’s duties include:

  • Always putting the interests of the client above all others
  • Informing the client of any material information about the property or transaction received by the broker
  • Answering the client’s questions about presenting any offer to or counter-offer from the client
  • Treating all parties involved in a real transaction honestly and fairly
  • A license holder can also represents a buyer or seller during a real estate transaction.

If representing the seller or landlord: The broker becomes that person’s agent through a written listing or property management agreement. An agent must perform the broker’s duties mentioned above and must inform the owner of any material information about the property known by the agent. This includes information disclosed to the agent by the buyer or buyer’s agent.

If representing the buyer or tenant: The broker or agent agrees to represent the buyer through a written representation agreement. The buyer’s agent then must perform the broker duties mentioned above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

If representing buyer and seller as intermediary: The broker must obtain written agreement from both parties, and that agreement will state who will pay the broker and what the broker’s obligations are as an intermediary.

The obligations are as follows: The broker must treat all parties impartially and fairly. The broker may appoint a difference license holder associated with the broker to each party with the parties’ written consent. The broker must not disclose that the owner will accept a price less than the written asking price, that the buyer will pay a price greater than the price submitted in a written offer, or any confidential information that a party asks the broker not to disclose in writing, unless required to do so by law.

If you have questions, read this information put forth by the Texas Real Estate Commission, or feel free to contact me, your Katy real estate agent! When ready to buy a Katy home, sell your Katy home, or both, contact me for help! I’d love to help you out.

Mickie Cioccia
Mickie C and Company Realty
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Create an Eco Friendly Environment in Your Katy TX Home this Holiday Season!

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Katy TX is a great place to live and many love the year round warmer temperatures and beautiful atmosphere that Katy has to offer.  Creating an eco-friendly environment is important to our community and there are many ways we can all take part in our own Katy TX homes!

Those of us who are current residents are feeling the cooler temperatures, especially at night.  We know that with the holiday festivities and continual cooling comes a desire to get cozy up in our Katy TX homes with friends and family.

So, how can we enjoy the cozier season while maintaining an eco-friendly atmosphere for Katy TX?  I’ve listed seven simple ways below!

1. Set the Timer– Set your thermostat to lower temperatures while you’re away from your Katy TX home or while you’re sleeping. This will automatically help reduce energy used as well as costs just by programming your thermostat.

2. Change Your Filter– Clogged filters can be the largest culprit for airflow inefficiency.  Clogged filters also hold onto dust, dander, mold and spores that are magnified when all the windows are closed and the heat is being used in the cooler months.

Generally, the fiberglass filters should be changed monthly, pleated filters every three months and HEPA style filters every 12 months. This depends upon how often you use your air conditioner and other factors such a pets or a smoker in the house. Learn more about filters and what type you need to get as a replacement on Filters.USA.com.

3. Let the Sunshine In– During the day, be sure to leave blinds and curtains open to let in the sunlight and natural heat. At night, shut them to help “trap” the warmth.

4. Bundle Up– Feeling chilled? Instead of turning up the thermostat, throw on a pair of socks or an extra layer. These small choices to not turn up the heat can really add up in energy savings!

5. Switch our Your Lights– From lamps to the Christmas tree, all of your lights can be changed out for energy efficient LED lights! With the sun setting earlier, you’ll be using your indoor lights more often. Also, the festivity of the season’s decorations can spike energy bill. LED Christmas lights can cut back on costs and energy usage.

6. Stop Leaks– Check all doors and windows for drafts. You can easily seal windows and doors to prevent the warm air from your Katy TX home escaping while making sure the cool air doesn’t leak in!

7. Unplug– Not using an appliance? Unplug it! The Department of Energy notes that, even if appliances are not being used, they are still using energy. 40% of electricity used for your home electronics is used when they’re turned off, but still plugged in. Getting in the habit of unplugging will prove to be a smart habit in the long run!

Following these tips will give you a great start in choosing to go eco-friendly in your Katy TX home this holiday and winter season!  You may even be inspired to come up with even more ways to go green in your home!

If you don’t currently live in Katy TX, but have been thinking about moving to the area, please don’t hesitate to contact me!  As a Katy TX Real Estate agent, I would be happy to sit and talk with you about your real estate needs.

I look forward to hearing from you!

Mickie Cioccia
Mickie C and Company Realty
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Copyright © 2014 . All rights reserved. Your Local Katy Texas Blog and Katy Texas News Information.Katy Texas! Sports, community events, museums, movie theaters, parks, arts, family activities, attractions and summer camps for Katy, Tx. Katy, Texas real estate - use Katyites Real Estate to find real estate in Katy or other Texas real estate. Use our home buyer tools to research all aspects of the Katy housing market including Katy neighborhood information, Katy home loans, and Katy schools. Whether looking for homes for sale in Katy or Katy apartments for rent, Yahoo! Real Estate can help. Katy Texas | Katy Mills Mall, Katy Real Estate |Katy Texas Blog | Katy TX News Events & Reviews | Katy Texas Real Estate blog | Zip codes 77493, 77494, 77449, 77450, 77079, 77084, 77094

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.