Home Buying in Weatherford>Question Details

Nicole Tongue, Home Buyer in Boston, MA

I want to know why these amazing home are so cheap?!!! The cost of these homes would only buy a SHACK where I live in Massachusetts!!!

Asked by Nicole Tongue, Boston, MA Thu Apr 11, 2013

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This question was asked from this property: http://www.trulia.com/property/22394337-101-Oakbend-Ct-Weath…

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I have a home in Virginia and unfortunately a home in Texas. The real esate taxes and the home owner's insurance is off the charts expensive. My house in Texas cost $340 and the real estate taxes are almost $7,000. The insurance is about $2,300 per year. So don't be enamoured by a cheap house. Yes, there is no state taxes but sales tax ranges from 8.5 to 10.25 cents per dollar. And the worst part of real estate in Texas is that when you go to sell it, you'll be lucky to get even 3/4 of what you paid for it. I'm trying to sell this $340K home and the real estate lady says I'm lucky to get $275K for it. The comparables in the neighborhood are very unequal. Some at $150K which brings your value down. My home in Virginia is $1M and I pay $9000 in real estate taxes. And not even close to $2K in insurance per year. And in about 10 years, I'll get $1.5 when I sell. Sales tax is .05 cents per dollar.
And beware of homes that aren't built on a pier foundation as the land in Texas shifts. I had to sign a waiver when I bought the house that I must water my foundation so the foundation doesn't crack.
Oh, & water bill in Virginia is about $300 every 3 months. Water in Texas is $300 per month, $60 per month even if you don't use any water.
1 vote Thank Flag Link Mon May 20, 2013
You are exactly right. Home owners in Texas, should actually say TAX OWNERS. Impossible to retire here on fixed income due to a tax office out of control. 200 % increase on tax value, but not home value. Go figure !
Flag Wed Oct 23, 2013
It's all about location and nothing to do with taxes.. Cost of living in Texas is clearly much less expensive compared to the east or west coasts...

Joe Stone - Realtor
Exclusive Homes
682-777-0836
0 votes Thank Flag Link Fri Oct 25, 2013
High Property Taxes that's why.
This Tax office is going after more too.

http://parkercountyblog.com/2013/03/29/are-you-taxed-enough-…
0 votes Thank Flag Link Fri Oct 25, 2013
Texas is a great place to live, the cost of living is lower MA, and so everything is less expensive here.
0 votes Thank Flag Link Sat Sep 14, 2013
Maybe you should ask the question to your politicians. You can buy a nice 5 yr old 2200 sq ft house for $160-190,000 and pay about $4-5000 per year in property taxes. Utilities and Heat/Air Cond run about $250-300 per month and we get 1 or 2 snowstorms per winter. Texas has no state income tax and is growing - contrary to California and New York. Perhaps the Republicans have a better plan for running a state.

Unemployment is low so if you can tear yourself away from Cape Cod and the big city, check out Texas. Just stay away from Dallas which is a traffic hell, unless you can work in the suburbs.
0 votes Thank Flag Link Sat May 11, 2013
Maybe you should ask the question to your politicians. You can buy a nice 5 yr old 2200 sq ft house for $160-190,000 and pay about $4-5000 per year in property taxes. Utilities and Heat/Air Cond run about $250-300 per month and we get 1 or 2 snowstorms per winter. Texas has no state income tax and is growing - contrary to California and New York. Perhaps the Republicans have a better plan for running a state.

Unemployment is low so if you can tear yourself away from Cape Cod and the big city, check out Texas. Just stay away from Dallas which is a traffic hell, unless you can work in the suburbs.
0 votes Thank Flag Link Sat May 11, 2013
As others have mentioned Nicole. Housing in Texas has always been much less expensive when compared to the east or west coasts. Come on down and lets find you your next home.

Joe Stone - Realtor®
Exclusive Homes
(682)777-0836
Email: Joe@RealtorStone.Com
http://www.RealtorStone.Com
http://exclusivehomes.housingtrendsenewsletter.com/
0 votes Thank Flag Link Thu Apr 11, 2013
Nicole:
1. We have land.... So we can build homes without tearing down another home.... So we have inventory.
2. Homes are cheap..... But property taxes are high.... but we have no (state)income taxes
3. Texas ROCKS!!!!!!
0 votes Thank Flag Link Thu Apr 11, 2013
What is your idea of high property taxes? Why are they so high if you have so much land? Is the dispersion of industrial taxes not so strong in this area?
Flag Thu Apr 11, 2013
But what are the school systems like?
Flag Thu Apr 11, 2013
Why people all over the country has discovered Texas compared to other States less expensive for cost of housing. Come on down move to Dallas !

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

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0 votes Thank Flag Link Thu Apr 11, 2013
Are the school systems any good?
Flag Thu Apr 11, 2013
Welcome to Texas where you can buy a castle for the price of a shack in other states! It has always been this way as land is cheaper and homes here are more protected from foreclosure or bankruptcy unlike in other states where you can lose them if you are in bankruptcy!
0 votes Thank Flag Link Thu Apr 11, 2013
I bought a house I could afford until the tax appraisers payment was as much as my house payment. Texas may protect your home from foreclosure or bankruptcy , but they will SELL your property for back taxes in no time at all for back taxes after a year....
Flag Fri Oct 25, 2013
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