LaCenterra in Cinco Ranch Hosts Child-Friendly Halloween

LaCenterral Hosts Child-Friendly Halloween

Grab your pint-sized goblins, princesses and superheroes and head to LaCenterra’s Trick-or-Treat down Main Street this Halloween – Saturday, October 31 from 5:30 p.m. – 7:30 p.m.  A safe alternative to door-to-door trick-or-treating, this free event is open to kids 10 and under accompanied by a parent or guardian.

Who’s treating?  Spot the participation pumpkins for retailers offering tasty treats for the little ones and spooktacular offers for parents.  The first 250 kids will receive treat bags courtesy of LaCenterra retailers. Bags will be available for pick-up in Heritage Square (central courtyard) beginning at 5:30 p.m.

Boo there, or … boo square!

For more information, please visit www.lacenterra.com or call (281) 395-5533.

For information about Katy area homes, you can search the entire Houston MLS from this blog. For questions or to tour any area homes, contact me directly at 713-818-2404. I have specialized in Katy real estate for over 20 years. Experience does count!

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Exploring the Katy Real Estate Market in 77449

It’s no secret that the northside of Katy Freeway has taken a beating in the real estate market over the last two years. Dominated by foreclosures and short sales, a pre-foreclosure property, prices have plummeted while inventory has soared. Thankfully, statistics are starting to show movement towards some level of recovery.

Let’s look at the last six months of statistics. Below, see pricing. While, it does not show a truly positive change, it is moving upward from its recent low. Today, the average price is approximately $122,000.

77449 oct 1 price real estate

Another dominant factor is days on the market, see below. How long does it take a home to sell? What is the average? As plotted below, the average days on the market in 77449 is 155. This is a decline from July’s high of 160. Some of these quicker sales represent foreclosures and short sales that do not remain on the market for long but conventional sales are doing better, too.

77449 oct 1 days on the market real estate

What’s the current status of inventory? Increasing or decreasing? Decreasing is far better for sellers. Guess what! The number of houses on the market in 77449 is going down. For a more detailed explanation of how inventory affects the market, read my earlier article on absorption rates. See the details of the inventory decline below.

77449 oct 1 inventory real estate

To obtain detailed data on Zip Code 77450, see OnlyKaty.com.

For information about Katy area homes, you can search the entire Houston MLS from this blog. For questions or to tour any area homes, contact me directly at 713-818-2404 or via email. I have specialized in Katy real estate for over 20 years. Experience does count!

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Fort Bend Homebuyers: Take Advantage of the Mortgage Credit Certificate Program!

Mortgage Credit Certificate Program Fort Bend

While at this time it is only available to Fort Bend buyers, there is a new loan program that makes financing a first home much more affordable and easier. It saves the homeowner up to $2000 off their taxes each year for the life of the loan.

The Mortgage Credit Certificate allows the lender to qualify for more home or to get approved if they have been denied in the past. The Mortgage Credit Certificate Program can be used to gross up income or ratios to enable the borrower to qualify for a mortgage loan.

The Mortgage Credit Certificate Program is available to first-time homebuyers, defined as a person who has not owned a home as a primary residence in the last three years.

One of the most exciting features of this program is that it can be combined with the current first-time homebuyer’s $8000 tax credit resulting in a credit savings of $10,000 in 2009! However, the $8,000 tax credit program expires on November 30, 2009 so it is important to buy your home prior to that date. If you act quickly, there is still time to shop for and close on a home.

The Mortgage Credit Certificate allows the homebuyer, if there is a tax liability, the benefit of a dollar-for-dollar reduction of their tax bill. The program enables the homeowner to claim a tax credit of 30% of annual  interest paid, not to exceed $2000 per-year, for the life of the loan.

This program is not for investors but for those who will purchase and occupy a home for at least nine years. If the Mortgage Credit Certificate borrower sells his house within nine years, Read the rest of this entry »

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Katy Photographer Is Featured Artist At KVPAC’s New Art Show

KVAC Show Katy Texas

Allan A. Philiba, a local Katy award-winning location photographer, art director and graphic designer is the featured artist at Artists@Work Show and Sale which opens with a reception on October 10, 2009 from 7:00-9:00pm at the Katy Visual & Performing Arts Center (KVPAC).

Allan’s show will hang at KVPAC until November 11, 2009. His artwork is available for purchase.

KVPAC is located in the Great Southwest Equestrian Center, approximately 2.5 miles south of I-10 on Mason Road.

Born in Paris, Philiba studied art and design in New York City. An Army Corps Read the rest of this entry »

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How Selling a Katy House Can be Like a Bad Blind Date!

residential real estate first impression

A few? None? Way too many? How many blind dates have you gone on? Since my parents, happily married for their lifetimes, met on a blind date my heart always erred toward hope.

One of my blind dates actually peeled shrimp and put the shells directly on a linen table cloth. Another brought his brother who “just got in from out-of-town”! Still another, took me to the most depressing movie I have ever seen and I go to a lot of movies. I couldn’t make these things up.

When I list a house, I always tell my sellers that the first impression their house makes is identical to a blind date. Open the door. Take a long look and one of two things comes into your mind:

  • What was my girlfriend thinking? How long must I give this before it’s rude to bail?
  • This could have potential!

A potential buyer sizes up a house from the porch into the foyer. Dirty porch, Read the rest of this entry »

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