Is Texas real estate slowing down?

[Cooter]

Yeah, it's hard to cash out without moving to a completely different area.

Though, you typically get more for your money as you near the ceiling.

We paid 195K for our 2300 sq ft 3 car garage house in East Allen 4 yrs ago, our neighbor sold there home in 1 week and was asking 259K, they got 290K for theirs. When we moved in we updated to high end carpet, wood floors and granite counter tops etc. Our realtor came by the other day and asked if we wanted to sell for 300K, problem is we can't find another like it for 300K.

[Gasser64]

We paid 195K for our 2300 sq ft 3 car garage house in East Allen 4 yrs ago, our neighbor sold there home in 1 week and was asking 259K, they got 290K for theirs. When we moved in we updated to high end carpet, wood floors and granite counter tops etc. Our realtor came by the other day and asked if we wanted to sell for 300K, problem is we can't find another like it for 300K.

holy shit

Bought our house in cleburne for 119k, also 2300 sq feet. It had sat on the market for 3 months. But it was straight out of the early 80's. We're about 2/3 of the way done with updating it. Also did wood floors. Popcorn ceilings are going to be fun.

[Sean88gt]

I sold my house in Stonebridge about 3 years ago - the real estate market had finally woken up after years of being stagnant. We had tried to sell it a couple of times before but had no luck, probably because it was a single story 3 bedroom 1920 sq ft house and everyone wanted a two story with 4 bedrooms so that they could have an office.

So my ex talks to her Realtor friend and together they sold it in 3 days LOL..... I jumped on the offer because the house needed tons of work; I was glad to walk away selling it "as is".

We built it in 1989 for $132k and sold it for $157k. This was before the Toyota relocation was generally known but the people that bought it knew about that deal and they were intending to fix up and flip the house.

Seems that the market might be slowing down now, with some areas still doing very well. I lived in Texas long enough to know that real estate is cyclical - there is always a downturn sooner or later.

Our place in Mckinney was similar to yours, and in SB as well. It had resold last year for $215k to give you an idea.

[Zfan]

We paid 195K for our 2300 sq ft 3 car garage house in East Allen 4 yrs ago, our neighbor sold there home in 1 week and was asking 259K, they got 290K for theirs. When we moved in we updated to high end carpet, wood floors and granite counter tops etc. Our realtor came by the other day and asked if we wanted to sell for 300K, problem is we can't find another like it for 300K.

[A_A_G]

houses in the colony are still selling fast as shit! (less than a week if price isn't stupid)

I paid 67k for mine in 2003 and im pretty sure I could get 110k for it the way it sits.. I owe less than 50k now what what!

You still owe that much after 12 years?

[mikeb]

I sold my house in Stonebridge about 3 years ago - the real estate market had finally woken up after years of being stagnant. We had tried to sell it a couple of times before but had no luck, probably because it was a single story 3 bedroom 1920 sq ft house and everyone wanted a two story with 4 bedrooms so that they could have an office.

So my ex talks to her Realtor friend and together they sold it in 3 days LOL..... I jumped on the offer because the house needed tons of work; I was glad to walk away selling it "as is".

We built it in 1989 for $132k and sold it for $157k. This was before the Toyota relocation was generally known but the people that bought it knew about that deal and they were intending to fix up and flip the house.

Seems that the market might be slowing down now, with some areas still doing very well. I lived in Texas long enough to know that real estate is cyclical - there is always a downturn sooner or later.

[AdamLX]

[mstng86]

I just sign the checks, neighbor explained his went up $400.

And I believe you're right about the escrow. But like I said I just sign the checks and I'm going on what my neighbor said

Sounds more like an adjustment on his escrow account, a tax hike and maybe even a change in a adjustable rate.

Maybe all at once. I am not sure taxes will make it go up $400 on just a rise in home value of a $300k home.

But that's well beyond my normal day price and logic.

[Roscoe]

Mine went up $400/mo due to escrow... but I got proper fucked when they gave me a huge refund the year before since I had a home built in 2013 and "overpaid" all throughout 2014 just to have to turn back around and "refill" my escrow balance...

Escrow laws are stupid.

[slow99]

I just sign the checks, neighbor explained his went up $400.

And I believe you're right about the escrow. But like I said I just sign the checks and I'm going on what my neighbor said

Your neighbor doesn't know what he's talking about.

[Baron Von Crowder]

I just sign the checks, neighbor explained his went up $400.

And I believe you're right about the escrow. But like I said I just sign the checks and I'm going on what my neighbor said

so you really dont have a fucking clue, and you're making assumptions?

[4king]

explain that for me

I just sign the checks, neighbor explained his went up $400.

And I believe you're right about the escrow. But like I said I just sign the checks and I'm going on what my neighbor said

[CWO]

I am REALLY hoping this happens with ours. Though it is looking more like we are going to need piers every day and that isn't cheap so my ROI may blown away. We bought about $15k lower than anything on our street. It needed a good rehab. We did a budget refurb, new floors and paint, before we moved in. I have some bigger upgrades planned for the next couple of years. Greenville has finally got a city council that is pro growth and I am hoping that starts to increase property values. Wr talk all of the time about the tipping point, value, that would encourage us to sell.

Sent from my SAMSUNG-SGH-I337 using Tapatalk

Ours was built in 2008 so luckily we just updated some things and called it done.

[bcoop]

explain that for me

Escrow account, fool.

EDIT: I just realized what DJ was questioning, and he's right. You don't pay higher property taxes on a 15 yr vs 30 yr note. 4king doesn't know what he's talking about again.

[Baron Von Crowder]

The reason most of my neighbors are bailing is that they signed 15 year mortgages and with the recent spike in property values their mortgages were raised $400 a month. I took a 30 year note and mine went up only $139 a month last year. I saw no reason to pay off the house faster just to pay more in property tax after its paid off.

explain that for me