Property Q&A in Dallas>Question Details

Jorge Estuar…, Home Buyer in Dallas, TX

Would this be considered market price for this type of home in the area?

Asked by Jorge Estuardo, Dallas, TX Thu Dec 27, 2012

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This question was asked from this property: http://www.trulia.com/property/3057588912-3252-Bellville-Dr-…

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Answers

6
Jorge,

No. This area is quite tricky. While there are a number of new homes (built 2011 and 2012), this home was built in 1997. Of all of the 3+ bedroom, 2+ bathroom homes in this area (immediately west of Eastfield College), nothing has sold for above $68psf. This home is listed for $70.53psf. Certainly, the seller expects to negotiate the price, but I would HIGHLY RECOMMEND that you seek the help of one of the fine agents here on Trulia to represent you if you are considering submitting an offer. Do not proceed without representation. It costs you nothing. But it protects your investment and levels the playing field so that you make a smart decision.

With the experience and insight that I have, I would be glad to discuss your situation with you. Feel free to call, text or email anytime.

Brent Rice, Trulia Top Recommended Broker (Pro & VIP)
The Rice Group, Inc.
Website: http://www.ricegroupinc.com
214-808-3100
Brent@RiceGroupInc.com
1 vote Thank Flag Link Thu Dec 27, 2012
So much more goes into finding what the value of a property is . Best thing for you to do is get with an agent you feel comforatbale workng with. check out my website and see if I might be the one.
http://www.carmenchapa.com
0 votes Thank Flag Link Thu Dec 27, 2012
Jorge,

To clarify, the $68psf figure in my prior response is for homes built between 1990 and 2000 and that have sold during 2012. There are homes that were built within the past couple of years that are located south of John West Rd. I broadened the area and looked at homes north of I30, south of Oates Rd and between Buckner Blvd and La Prada Drive. This is the approach that I would use to determine a good market value for this property and likely the way an appraiser would as well.

My recommendation is to spend the $112,000 on a newer home in this area. I can send others to you. Just let me know if you are interested.

Brent Rice, Trulia Top Recommended Broker (Pro & VIP)
The Rice Group, Inc.
Website: http://www.ricegroupinc.com
214-808-3100
Brent@RiceGroupInc.com
0 votes Thank Flag Link Thu Dec 27, 2012
Probably so since it's a relatively newer home compared to the age of most neighborhoods in that zip code. Ask you Realtor to run a Comparative Market Analysis and that will provide you with more data.

Beau Beasley
Coldwell Banker
214 966-2100
beau@beaubeasleyhomes.com
0 votes Thank Flag Link Thu Dec 27, 2012
Hello Jorge,

Market value varies based on many factors. If you are trying to figure out whether this property is a good deal, it is best to contact a Realtor and let them assist you. If we know what you are looking for we are better equipped to answer your questions. Prices in this area vary depending on year built, size, layout, etc. If you would like help and you are not already working with a Realtor, feel free to contact me and I'll be happy to assist you!
0 votes Thank Flag Link Thu Dec 27, 2012
Pick any 1 Realtor and work with them only and they can answer all your questions.

Kenny
Turtle Creek Realty
0 votes Thank Flag Link Thu Dec 27, 2012
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