Buying in a good school district will always increase the value of the home. You, as a buyer, are responsible to check the schools zoned to a particular home and see if the schools meet your needs. Other items you might consider is location, lot size, upgrades in home and general floorplan.
Finally, if the home is overpriced, take the advise of your Realtor and go ahead and make an offer. Most sellers in the Houston market only come off 2%-4% off of list and it is very rare you see any seller come off more than 10%, but you can give it a try. You will find most homes that are priced correctly will sell in 90-120 days. If overpriced, they will set for 6 months or more. Let us know if we can help as our office is located at Bunker Hill and I-10 in Spring Branch!
Bernstein Realty, Inc.
Should you buy a home in Spring Branch? It's certainly a desirable location, given the proximity to I-10, and the growth of the area ... shopping, medical facilities, etc. School zoning and TEA disignations are matters you need to check independently. If you're comfortable with the results, and can qualify for a loan, I see no reason why you wouldn't pursue a purchase.
A word on your comment about "over-inflated" prices. It's a common misconception that sellers establish value. The fact is that buyers actually do ... any home, irrespective of location, is worth whatever a qualified buyer is willing to pay for it, If property in a given subdivision is consistently selling at or near the asking price (96% to 97% of list is a good number to work with), then that's "market value." You may not think that the homes are worth that kind of money ... in that case, I'd eliminate the area from contention.
Of course, there are extremes ... the seller who wants every dime he put into the place over the past 20 years (right down to the drapes), and the buyer who goes in with a lowball number, in the hopes that the seller wants to get out from under the place ASAP. But as a rule, homes throughout Spring Branch/Memorial sell at those "market value" figures.
I hope this has helped. If I may be of further service, please feel free to contact me. I look forward to hearing from you.
If you would like some assistance in your purchase, including information about school zoning, I'd love to help!
Just give me a call or send me an email.
Better Homes & Gardens Real Estate Gary Greene
(832) 264-3958 cell
I specialize in the Spring Branch area (living and working in Spring Branch for over 14 years) and would welcome the opportunity to assist you in your real estate needs and goals. I know the Spring Branch School District zoning well and could answer your questions and provide information allowing you to make an informed and educated decision for your needs.
If you are not already working with a realtor, email or call me. It would be a privilege to assist you.
Principal - Broker
Step By Step Real Estate, LLC