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78732 : Real Estate Advice

  • All9
  • Local Info0
  • Home Buying6
  • Home Selling1
  • Market Conditions1

Activity 8
Thu Sep 8, 2016
Susie Kay answered:
That is a very general question. Even if you get the answer that doesn't mean that your home should be priced at that level.

I would suggest that you work with a local realtor to assist you in getting you comps. ... more
0 votes 1 answer Share Flag
Wed Apr 15, 2015
lakewayflowershoppe answered:
pay in austin isnt dallas or houston and even though high tech available our mortgages and rents are way over the top compared to those other cities bigger than ours and will continue to get worse. I am a realtor my husband owns a 36 yr insurance business and he works harder and longer hours now for less $ and our rent for an apt is $3000 monthly and thats very cheap for the size of apt we have DT. we are looking like San Francisco or New York real fast. I hear any thing from 150 - 250 people are moving here a day and have for the last few years and probably will for another 4-5 ... more
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Sat Jan 14, 2012
Sushi answered:
I am not an agent and no expert, but I am buyer and have been tracking home prices in SR on this website from several months now. I have to say the price per sft for new home seems inline w/ the resales. Since those are new homes, I think it's better deal especially if some of you believe we can negotiate down to some extend.

I realize the resales have landscaping but for most part it's pretty basic like a lawn and few trees in the back, and few shrubs in front, so that is not much $ to put in something like that.
... more
0 votes 12 answers Share Flag
Thu Dec 29, 2011
Betina Foreman answered:
To further explain my previous answer. If you take a "resale" home with average SF of 3458 and multipy it by the average price per square foot you get 3458SFx$138.19PPSF=$477,861 list price. Now if you take the average new construction home listed by the builders thats 3180SFx$173.56PPSF=$551,920. list price. So your paying more money for less house.

The key is to remember the agent in the builders office works for the builder, not you. He is not going to tell you that you can possibly buy the exact home he's showing you for $10-70K less from an existing homeowner. Another plus is in the established section of resale homes you won't have to listen to the construction noise when your at home trying to relax.
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0 votes 20 answers Share Flag
Mon Feb 21, 2011
Kevin answered:
A lot has to do with the are inventory, mortgage market and documentable income and financial ability.

As of 11:00AM EST Wells Fargo (wellsfargo.com) posted the following:

Large 30 year Loans Fixed 5.250% with 5.390% APR
Large 30 year Loans FHA 5.000% with 5.835% APR
Jumbo 30 year Loans 5.375% with 5.516% APR

Austin area wide a/o the end of January the 12 Month Of Inventory (MOI) averages.

200-299,999 the average MOI was 5.61
300-399,999 the average MOI was 5.61
400-499,999 the average MOI was 7.06
500-749,999 the average MOI was 8.61

Note: the MOI average calculation varying by area for a specific period of time (CI / ASM = MOI)

Your agent should be able to help determine the MOI, pricing and probability of selling in your specific market.
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0 votes 8 answers Share Flag
Fri May 21, 2010
Elicia Gower Michaud answered:
If this home is on Emerald Ridge and is a Taylor Morrison, ask them if any previous buyers have had a mechanical engineer out to inspect and what the outcome was. I had a buyer under contract to buy one of them and there was a moisture problem with the foundation and the Mechanical Engineer said to RUN. There is not proper drainage on many of those homes (he checked the neighboring homes as well) and he advised that major trenchwork (approx. 12K) be done, and even then there was no guarantee. MLAW Engineers is who we called, so they can probably help you. Also, Taylor Morrison is usually very good about returning your deposit if any issues such as this arise, so I would be surprised if they didn't work with you on this. ... more
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Wed Jul 29, 2009
Tom Shelby answered:
Ks,

Are you getting the answers you want? Probably not because this is a tough question to answer mostly because there is no apples to apples for you. A lot depends on the neighborhood, lot, floorplan, amenities, upgrades, etc. and the list goes on. What is value in your opinion? Is is the lowest price? Is it the potential for re-sale value in the future? How long is that future? 1 Year? 3-5 years?

If you really want good answers to these questions, get a Realtor that lives in the neighborhood, works in the neighborhood, knows the staff at the builders you mention, knows the market (Not just has the ability to search the MLS because most builder homes never hit the MLS in these neighborhoods) and then put them to work for you. There is no substitute for one on one counseling and guidance especially when it costs you nothing.

By the way, check out our BUYER SAVINGS GUARANTEE! We will save you $10,000 off of the builders lowest price, or we will pay you the difference in CASH!* Call me for details at 512-638-6546. For even more value, we pay for 3rd party inspections on your new home. Give us a call.

Happy Hunting!

Tom
... more
0 votes 2 answers Share Flag
Fri Feb 22, 2008
Jim R answered:
Ok I had no success on price but I did negotiate all landscaping, and a full suite of appliances, plus some other extras. Chris you are right, they were very rigid on price after initial contract signing. I'm not sure how I did but we do like the house and I am very motivated to get out of the apartment I am in which increased our rent 40% when I went month to month in February. I know I could have canceled or been more hard line but we are worn down by the kids in this small space and need to move. Thank you all for your responses. Jim R. ... more
0 votes 18 answers Share Flag
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