Katy Real Estate is Flying High

The word is out, and it looks like folks are paying attention.  We've seen a huge increase in activity in the world of real estate and it looks like there is going to be a mad rush to get things closed before the Homebuyer Tax Credit expires.  With this said, I wanted to take a moment to prepare our readers for what lies ahead.

We only have until April 30th.

In order to qualify for the credit, we must have an executed contract in place before April 30th.  Over the last 3 weeks it seems that every home I show has had multiple showings on that day, and we are seeing multiple contracts on homes for sale in the Katy and West Houston area.  If you have been on the fence about buying a new home it's time to take that leap.  I don't have a crystal ball, but there are many indicators that suggest lending requirements may tighten some more and rates are almost certain to rise.  If you have the means, now is the time to buy.

Be prepared to hurry up and wait.

Rushing out to find a home is only the tip of the iceberg.  The other aspect of the tax credit is that the transaction must close by June 30th.  Since that's two months away it should be a piece of cake, right?  Not necessarily.  We must keep in mind that we are dealing with an industry that has been in the dumps for an extended period of time.  All of the lending institutions and their support are operating on skeleton crews. 

Over the next 3 weeks we will flood an already busy industry with a huge amount of business, and there is only so much these folks can do in one day.  Appraisers, surveyors, inspectors, and underwriters will all be pushed to their limits and beyond over the next couple of months.  While they are happy to see the work, they are still not in a position to handle the flood of contracts that are currently pouring in.  It's a good problem to have, but a problem none the less.

Working with professionals has never been more important.

This is where we come in.  It is more important now than ever to make sure you have a team of professionals working for you to make sure the job gets done.  We have aligned ourselves with quality minded professionals in all of the disciplines throughout our industry, and are ready to help our clients achieve their goal of homeownership in a timely and effective manner.  Since we are full time professionals, we stay on top of industry trends, we anticipate potential problems, and we work to make sure that there are solutions in place before it's too late.

If you know anyone that is thinking of buying or selling a home, please have them call us at 281-398-2015 for a free, no obligation consultation.  We will gladly provide your referrals with the high level of service we have built our reputation upon.  Click the picture below for additional statistics about our area and how it compares to the rest of the nation.

Stacy is a licensed REALTOR® and the team leader of The Jones Team, a group of REALTORS® in Katy, who work together to provide exceptional service for their clients. Stacy and his team specialize in the areas west of downtown Houston. These incredible real estate agents can help you buy or sell a home in locations such as Katy, Cypress, far West and Northwest Houston, Richmond, Fulshear, Sugar Land, Spring Branch, Memorial, Spring, Tomball, The Woodlands, and Magnolia. Whether you are in the market to sell a home, buy a home, have a question about home appraisal value, need advice about home staging, or have any other real estate related questions, Stacy and The Jones Team are available to help.