Katy, Texas: How Do I Love Thee? Let Me Count the Ways!

January 31, 2011

I am fortunate to live and work in the sprawling western Houston suburb known as Katy, TX, recently recognized as the top community for growth in the Nation by the Gadberry Group. Click link to read more…

There are obvious reasons for my statement and a few that are not-so-obvious:

1. Location, Location, Location: Close proximity to the Energy Corridor, a major area for our top employers. 

2. Terrific Schools: Just search www.katyisd.org to see what our school district and individual campuses have to offer to our residents and their children. (As the mother of a National Merit Finalist and a Semi-Finalist, I can personally attest to the effectiveness of the administrators and their staff.) Thank you Katy ISD!

3. Cost of Living: We still have lots of available land for building and labor is fairly inexpensive so housing is affordable. However, our property taxes tend to be a high but keep in mind Texas does not have a State Income Tax so our property taxes are used to fund our great schools.

4. (Relatively) Easy Commute: Traffic, like beauty, is in the eye of the beholder and it depends on what you consider an easy commute. Face it, Houston loves its vehicles so the traffic will always be with us. However, with the completion of the I-10 expansion and the Westpark Tollway completion, there are several avenues for timely travel into Houston and beyond. I know some people do not want a commute and are willing to pay higher homes prices to live closer in and perhaps sacrifice a bit on the schools but our many residents feel that the trade-off is worth it.

5. Great Communities: There are so many different neighborhoods available to a home buyer in our area. I tend to call them “communities”  because some of them are larger than many small towns. In fact, Cinco Ranch is currently the number one new home selling community in entire country and has recently acquired 500 additional acres to continue its growth. Katy offers many other terrific choices such as: Grand Lakes, Firethorne, Cross Creek Ranch, Seven Meadows, Kelliwood, Grayson Lakes and more. Our developers have thoughtfully designed and completed their communities with the homeowner in mind. With careful presentation of commercial/retail, beautifully landscaped common areas, abundant resort-style amenities (golf, pools, tennis, hike/bike trails, lakes, etc.), our residents can feel secure that they have made a wise choice with regard to their families’ enjoyment and potential resale value.

6. Quality of Life: Katy offers a true, small town experience with big city features. We have great dining, shopping, and entertainment opportunities for everyone of all ages. We are thrilled to be the lucky recipient of abundant medical care, including but not limited to the new Medical Center’s West Campus: Texas Children’s Hospital, Methodist Hospital, Hermann Memorial Hospital, Christus St. Catherine Hospital and the MD Anderson Radiology Center.

7. Diverse and Interesting: Our area is truly representative of the world’s population. As the destination of choice for most expatriates moving here with their energy sector jobs, you will love our multi-cultural make-up. Our kids grow up with friends from all over the world and so many international buyers (drawn here because of our schools), develop strong ties to our community. I know on my street alone we have residents representing: US, Canada, Africa, India, Russia… and this is one street.

8. Family: Katy is family centric and is a place where you can finally stop, unwind and relax with the ones you love. This is a place where people gather to enjoy everything that a true “community” can offer.  

9. Spirituality:  At one time, this area was known as the “City of Churches” and offers a place of worship for everyone, regardless of your faith.

10. Friendly Residents: I have lived all over US and abroad and can attest that I am living in one of the friendliest places on Earth. This could be one of the reasons so many people keep moving back to Katy, TX. When a family moves away, chances are … they will be back.

Why not drop by and check us out. You just might love it and never want to  leave. For more information, please visit my website www.ChristiBorden.com .

See you in Katy!


Christi Borden, Realtor receives the “Certified Negotiation Expert (CNE®)” Designation

August 6, 2010

Professional negotiation skills a must for all real estate agents helping home buyers/sellers, especially in current market

Christi Borden, a Relocation and International Property Specialist with Prudential Gary Greene in Katy, TX has been awarded the Certified Negotiation Expert (CNE®) designation by the Real Estate Negotiation Institute.  The CNE® is earned by real estate professionals by successfully completing formal training in the art of negotiation and persuasion.  Agents who receive this certification are in the top 1% of all agents nationally.

With professional negotiation skills, agents are able to help clients obtain better results in the sale or purchase of their home.  CNE® agents have a powerful competitive edge because of their ability to 1) uncover more information, 2) work collaboratively with others, 3) exchange value during sales/purchase negotiations, and 4) retain control over desired outcomes.  Bottom line, CNE® agents know how to influence and persuade others more effectively than agents without professional negotiation training. 

The Real Estate Negotiation Institute, the leading negotiation training and coaching company in the real estate industry (based in Peoria, AZ) provides the CNE® certification training.  Tom Hayman, the CEO and co-founder of the Real Estate Negotiation Institute, is a professional negotiator with 35+ years of experience, including 25 years with The Procter and Gamble Company, a Fortune 50 company.  Hayman asserts “Any Buyer or Seller who hires a CNE® agent can feel confident that they have the best trained agent in the business.  They will get superior results and have better resolution of any issues when hiring a CNE® agent.”

 For more information call me at 281-492-5984 or visit http://www.theRENI.com.


Why has our Buyer Cancelled the Deal? Today’s Home Seller Dilemma…

July 7, 2010

by christiborden

While real estate certainly has its ups and downs (one of the reasons I love it), some of the hardest minutes are those right before I have to call my seller to tell them that their buyer has terminated their contract. Whether it be on the last day of their Option Period* or the day prior to our closing date, it is still a very hard pill to swallow. And for the sellers, it can be devastating.

In this very interesting (read, volatile) real estate and economic climate, this is occurring all too frequently. Why? First and foremost, buyer confidence has certainly been impacted by the economy, worries about tax increases, health care reform costs, job security (or lack thereof) and locally, the issue of the BP gusher in the Gulf. When you come to think of it, with all of those worries, it is a wonder buyers can get out of bed each day, much less commit to purchase the largest financial investment of their lives.

Second, we in the Katy, TX (and much of Houston) markets have to deal with the issue of abundant, reasonably priced inventory (much of it new construction). Buyers will commit to one property, write an offer, agree to a contract price, even go through inspections only to find that their dream home has now come onto the market and all bets are off. Goodbye, Buyer…

Third, I have seen recently quite a few buyers cancel a contract over inspection items that in the past would not have been of great concern. It seems like today’s buyers want a resale home to be perfect in every way – and frankly, even the new homes rarely pass inspection with flying colors. Most if not all inspection deficiencies can be repaired but there have been instances where seller agrees to repair everything and the buyer is still not satisfied. Why is that? I think in some cases it has to do with cultural misunderstandings of how our inspections work here and the grandfather clause for many changes in codes through the years. Another factor may be the lack of an experienced and professional Realtor representing the buyer (who should prepare their buyer for what to expect upon inspection and what may be reasonable or not reasonable to expect a seller to repair). I have actually seen agents send over an inspection list and say to the seller, “Buyer wants you to repair all items”. If the agent had done their work in counseling their client, they would have told them that inspectors are required to inspect with today’s code in mind but sellers are not mandated to bring their homes to today’s standards. This can go a long way in helping keep buyer’s expectations reasonable and could alleviate a lot of frustration on the part of all parties when and if repair items are requested.

So, how do we help our sellers understand that a contract is only as strong as the buyer behind it (or as strong as the buyer’s Realtor and Lender, but that is another story indeed). First, we must truly analyze the offer as to all terms, not just price. Even with multiple offers in hand, remember that the buyer you let go may be the one you wish for 2 weeks down the road.

All parties need to have a back-up plan if the transaction fails. One thing I tell my seller is DO NOT start packing until the inspection is completed and all repair negotiations, if any, are worked out to the satisfaction of all parties. In Texas we have a Termination Option* that allows the buyer a given amount of days after the execution of contract to terminate for any reason, whatsoever, and still retain his earnest money. This is usually the time period that inspections are completed and any repairs negotiated.

Once that period expires, then the buyer is contractually committed to close. Does that mean it is a sure thing? No way! There is also a time frame within which the final loan approval process must be complete and this allows the buyer to be released from the contract with his earnest money in tact if for some reason the loan cannot move forward – loss of job is a great example here.

So what is a seller to learn from this?

  • Please be aware that a contract is no guarantee of a closing.
  • Have a back-up plan so that you do not find yourself homeless if the deal falls out at the end.
  • Be informed: Stay in touch with your Realtor and make sure he/she is constantly in touch with all the parties involved: buyer’s agent, title escrow officer, buyer’s lender, etc.
  • Allow a flexible timeframe between your next purchase and the closing of your current home, even if it means asking for a temporary lease from your buyer or moving your family to a hotel and your household items to temporary storage to allow for closing delays – which unfortunately is more frequent that we would all like. I have seen transactions built on multiple back-to-back closings crumble like a deck of cards which could have been prevented if all parties had left wiggle room in between the closing dates.
  • And if by chance your buyer terminates, it is not the end of the world. Pick yourself back up, dust yourself off, repair needed items presented on inspection and proudly put yourself back out on the market … You will find that your next buyer was really the best buyer for you and everything eventually always works out for the best.

Good luck and happy selling!


Most Popular Online Pages on Texas Real Estate Center Site

February 9, 2010

Click here to view the RECON – Texas Real Estate Center’s report on the most popular online publications. This site is an incredible resource for anyone interested in what is happening with regard to real estate in the Great State of Texas.

As of January, here were the Center’s most popular online publications as determined by total visits:

  1. Obtaining a Texas Real Estate License by Judon Fambrough — 1,887 visits.
  2. Ag-use Exemption: Fact or Fiction” (revised Jan. 2010) by Judon Fambrough — 1,294.
  3. Austin–Round Rock Market Report by Edith Craig, Beth Thomas, Kory Merten, Kelly Beevers and Kristen Wiehe — 1,012.
  4. Monthly Review of the Texas Economy by Ali Anari and Mark Dotzour — 965.
  5. Dallas–Fort Worth–Arlington Market Report by Edith Craig, Beth Thomas, Kory Merten, Kelly Beevers and Kristen Wiehe — 742.
  6. Hints on Negotiating an Oil and Gas Lease by Judon Fambrough — 653.
  7. Texas Rural Land Value Trends 2008 by ASFMRA — 649.
  8. San Antonio Market Report by Edith Craig, Beth Thomas, Kory Merten, Kelly Beevers and Kristen Wiehe — 599.
  9. Easements in Texas by Judon Fambrough — 557.
  10. Priority of Mortgage and Tax Liens” by Judon Fambrough — 534.

Posted from the RECON from TAMU Real Estate Center.