The Long Term Growth Trends And Uniqueness Of Katy, Texas Are Attracting More Businesses And Commercial Development
Houston Home Buyers is a locally owned and operated cash home buyers company that was launched in 2003 and has recently expanded into Katy, Texas. The company purchases homes for investment purposes and remodeling or rehab is often part of the strategy. Offering the home seller a personal approach with local, highly experienced real estate professionals that can make informed decisions about repairs and home values is the key to success. Houston-Home-Buyers.com will discuss what needs to be done to the home to bring it up to a retail standard.
Typhoon Water Park
The company stresses that they buy homes in any condition and assume all responsibility for repairs, which is a big selling point to some homeowners who are facing many tens of thousands of dollars in repair costs for foundations, roofs, plumbing, and HVAC systems. And the company’s other big selling point is that they can close the sale quickly since they are using cash for the purchase – avoiding the typical delays associated with traditional mortgage lenders.
Houston-Home-Buyers.com can outbid big national iBuyer companies that are frequently advertising with television ads or online ads. iBuyers’ huge advertising budgets, large staffs, and fixed overhead costs put them at a competitive disadvantage when making an offer to buy a house. Smaller, local companies have far fewer expenses and therefore can make higher purchase offers for houses in Katy or other parts of metro Houston. The home buying division of Zillow was recently closed after losses totaling $881,000,000.
Katy, Texas is a fast growing community on the western part of the Houston metro area. The city offers a bit of an “old town” and “small town” heritage along with modern businesses. Katy is an attractive city for families because it offers good schools and a college-educated workforce that supports an education system for their children. Almost half the adults in Katy have a college degree. The population is 25,000+ with approximately 54 subdivisions or neighborhoods. Median household annual income is slightly above $115,000. Katy is close to major highways and there are a variety of family activities that are within 30 minutes driving time.
What Home Buyers In Katy Are Seeking
- Good Schools
- Close to Work
- Low Crime Rate
- Low Cost of Living
- Good Jobs
- Home Resale Value
- Community Activities
Home Prices In Katy, Texas
The most recent 5 year period, from May 2019 to May 2024, saw Katy median home prices rise from $258,500 to $410,000, which is a 58.6% increase. The days on market stood at 24 days in 2019 and 12.5 days in 2024.
According to Realtor.com the Sale-to-List Price for homes in Katy was 96.36% in May 2024. Or stated another way, homes sold for 3.64% below their asking prices. This suggests that currently there are more homes for sale than home buyers in Katy.
Crime In Katy
According to City-Data.com Katy has experienced a corresponding increase in crime as population has increased. Unfortunately, Katy’s crime rate is higher than 80% of all cities in the country. However, it should be noted that in the last 5 years Katy has seen decreasing violent crime and rise of property crime.
Safest Neighborhoods In Katy
Neighborhood Scout has compiled crime statistics by neighborhood for the Katy community. Below is a list of the ten neighborhoods with the least amount of crime.
- Fry Rd / Pine Hills Dr
- Equestrian Village
- Seven Meadows
- Highland Trails
- Pin Oak Village
- Pine Mill Ranch
- Hickory Creek / Avalon At Seven Meadows
- Willow Park Greens
- Cinco Ranch Southwest
- Grand Ridge Crossing / Grand Lakes
The Katy office will be working with homeowners that have specific needs. “The most common reason homeowners sell their homes to a home buyers company is because of a job transfer. Often they have little time to plan their move. We also work with a lot of home sellers that have inherited a house and do not want it. And we have worked with many house sellers who have decided they don’t want to be landlords any longer. Divorce, downsizing, and a lot of deferred maintenance are also common reasons we encounter. Most home remodeling jobs start at $30,000 and can total over $100,000,” stated Mr. Huber.
Houston Home Buyers buys houses in any condition with 100% cash. A cash transaction without having to make any repairs or depend on a buyer’s financial approval is very attractive to home sellers. The avoidance of commissions and multiple showings to strangers makes it a simpler, hassle-free, and quick transaction.