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re: North Dallas Home Market is Nuts...
Posted on 3/2/21 at 1:48 pm to stlslick
Posted on 3/2/21 at 1:48 pm to stlslick
Market is crazy. I’m an unfortunate person who is looking to buy right now in the northeast.
It’s not as bad as people in frisco lining up, but houses are going within 2-3 days.
My fear is whatever home I buy, I’m stuck with forever when this market turns.
It’s not as bad as people in frisco lining up, but houses are going within 2-3 days.
My fear is whatever home I buy, I’m stuck with forever when this market turns.
1
Posted on 3/2/21 at 1:52 pm to Hangover Haven
quote:
My wind and hail, flood and property tax doesn't even come close to what my sister and B-i-l were paying in property tax when they lived in Denton County.
Yeah lots of factors come into play like no state income tax and no need to send to private school in Dallas burbs..
No private school would save me $50K a year.
Posted on 3/2/21 at 2:00 pm to Dragula
It’s a perfect storm. Collin county has about half the inventory as pre-pandemic and twice the buyers. Market gonna market.
Not exclusive to north Dallas but people want those schools so emotion takes over and bidding wars are happening on every house.
Not exclusive to north Dallas but people want those schools so emotion takes over and bidding wars are happening on every house.
This post was edited on 3/2/21 at 2:02 pm
Posted on 3/2/21 at 2:06 pm to MardiGrasCajun
quote:
Happened to us four times when we were shopping homes four years ago. Total BS.
Canada has been doing this forever. It's a sellers market. Step up or get stepped on.
Posted on 3/2/21 at 2:21 pm to TejasHorn
quote:
Collin county
Has become dream destination point for many. Schools are some of the best in Texas and many businesses are relocating to here or close enough.
COVID kind of pulled back the curtain on what a shitshow Dallas county is and Tarrant/Denton are trying to catch up with them in stupidity.
A house 1 street over from me went for sale about a month ago, only one in our neighborhood for some time. They had over 100 viewings in a weekend. Pretty sure it went for $150 sq/ft.
The above will probably trigger TH03, is he still here???
Posted on 3/2/21 at 2:27 pm to DarthRebel
Looking to buy early next year. Housing market is insane here in SC. And I just moved back south from DC. Was NEVER going to buy up there.
Posted on 3/2/21 at 2:31 pm to Dragula
It sucks for people looking to downsize. I bought in N. Dallas in 2012 for $150k. House could easily sell for $325k today. But I'm at that point in life where I want to downsize. I want to sell my house for $325k, pocket $150k and buy something smaller in a good area, but anything semi nice would cost at least $300k, which negates even trying to sell my house.
My dream is to live in an rv trailer and save 75% of what I make and retire in 10 yrs
My dream is to live in an rv trailer and save 75% of what I make and retire in 10 yrs
Posted on 3/2/21 at 2:33 pm to UnluckyTiger
quote:
Housing market is insane here in SC
Yes, yes it is. Like I said earlier, I'm glad I bought when I did.
Posted on 3/2/21 at 2:37 pm to DarthRebel
quote:
Pretty sure it went for $150 sq/ft.
That's cheap. My house in Grapevine would easily fetch $210sq/ft right now. Not sure of your stab at Tarrant. Seems we're doing OK over here.
Posted on 3/2/21 at 2:37 pm to Centinel
I’m looking at Johns Island more and more. But it’s the same cookie cutter home everywhere. At least they’re brand new. Would love something in Mt. P or James Island.
Posted on 3/2/21 at 2:39 pm to UnluckyTiger
it's crazy here as well... when Realty Co signs go up in front yards they just put them up with the "under contract" already mounted. glad we bought a couple years ago
Posted on 3/2/21 at 2:41 pm to UnluckyTiger
Locally here in St.Louis, there aren't enough houses in the burbs for buyers, so prices are sky rocketing.
Our home value is sky rocketing, especially for a 2 bedroom, but we have a long, wide arse back yard. Perfect for families, dogs, etc.
It's coming back on the web sites, 10K+ vs 3 bedrooms near us, or down the street, houses down.
Our home value is sky rocketing, especially for a 2 bedroom, but we have a long, wide arse back yard. Perfect for families, dogs, etc.
It's coming back on the web sites, 10K+ vs 3 bedrooms near us, or down the street, houses down.
Posted on 3/2/21 at 2:57 pm to Dragula
So what's causing this residential real estate boom?
People in CA, NY, etc. buying 2nd homes in the flyover states? If so, shouldn't the real estate market in these states be cratering?
Speculative buying? People with gobs of $$$ buying up homes thinking the skyrocketing prices will continue and hoping to sell for a profit?
Previous non-home owners able to now buy because of stimulus checks or saving up a down payment because they haven't been paying rent for 10 months and can't get evicted?
People in CA, NY, etc. buying 2nd homes in the flyover states? If so, shouldn't the real estate market in these states be cratering?
Speculative buying? People with gobs of $$$ buying up homes thinking the skyrocketing prices will continue and hoping to sell for a profit?
Previous non-home owners able to now buy because of stimulus checks or saving up a down payment because they haven't been paying rent for 10 months and can't get evicted?
Posted on 3/2/21 at 2:57 pm to MardiGrasCajun
quote:
Not sure of your stab at Tarrant
Your county went blue for the first time in forever
Grew up in Arlington in the 80s, Tarrant was a better place back then
quote:
My house in Grapevine would easily fetch $210sq/ft right now.
Do not doubt it, however it would be an outlier to the North Texas market. More than likely land, location and/or uniqueness.
What I am talking about is early 2000s neighborhoods that sold for $60-$70 sq/ft are going for over double.
Posted on 3/2/21 at 2:59 pm to Dragula
Yup I’m going through it now….
I’ve bid 20k over on 4 houses. It’s fricking brutal. Wasting so much fricki time.
I’ve bid 20k over on 4 houses. It’s fricking brutal. Wasting so much fricki time.
Posted on 3/2/21 at 2:59 pm to UnluckyTiger
quote:
Would love something in Mt. P or James Island.
That's gonna cost you. As crazy as the market is here in Columbia, I can't imagine what Charleston is like right now.
I was lucky enough to find a complete gut job and expansion of a 1940 bungalow that was just completed when old baw got caught banging his side piece, got taken to the cleaners, and had to sell the house quick to pay off various debts.
Posted on 3/2/21 at 3:00 pm to Dragula
Last listing I sold had 18 showings in 2 days with 8 offers.
Someone got smart and came in well above list so we didn’t even have to go highest and best.
Someone got smart and came in well above list so we didn’t even have to go highest and best.
Posted on 3/2/21 at 3:04 pm to texasmason
quote:
I've been looking in the Grapevine, Coppell, Trophy Club area and everything that hits the market already has 15+ offers and cash is taking everything. Needing financing is automatically getting me kicked out.
Even without any contingencies too. Crazy times.
Im getting tired of trying too lol. Am considering waiting it out or building out in Northlake.
This post was edited on 3/2/21 at 3:06 pm
Posted on 3/2/21 at 3:07 pm to Moustache
Where are you looking to move to?
Wife and I are leaving Lower Greenville and right now are looking at Richardson, Plano, Allen, and Carrollton.
The houses in Richardson seem to be priced pretty high for what they are though.
Wife and I are leaving Lower Greenville and right now are looking at Richardson, Plano, Allen, and Carrollton.
The houses in Richardson seem to be priced pretty high for what they are though.
Posted on 3/2/21 at 3:12 pm to texn
quote:
So what's causing this residential real estate boom?
In some states, there isn't enough houses on the market, vs buyers
People staying in their homes, rather than upgrading or moving to hipster/dbag areas. And Hispters staying in their areas, rather than run further west.
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