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Market Conditions in Forney : Real Estate Advice

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Activity 10
Sun Jul 27, 2014
mariedenis29 asked:
This question was asked from http://www.trulia.com/rental/3160364298-2038-Gardenia-Dr-Forney-TX-75126
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Sun Jul 27, 2014
mariedenis29 asked:
This question was asked from http://www.trulia.com/rental/3160364298-2038-Gardenia-Dr-Forney-TX-75126
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Thu Jul 3, 2014
bobhawks1 asked:
Tue Apr 29, 2014
Jay Carreon answered:
Both areas have a lot to offer for property value growth. Sachse has extreme potential due to being on the outskirts of the Telecom corridor and because it is bordered by the Firewheel area. On the flip side property in Forney will have high value due to how close it is to Lake Ray Hubbard and because of its ease of access to Interstate 20. ... more
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Wed Aug 14, 2013
Johnny Archer answered:
I have that information and would be happy to introduce you to the builder if you like. Please call me at 469-556-4051 or email me at jarcher@PremierLegacyRealEstate.com. Thank you, Johnny Archer, Owner/Broker, Premier Legacy Real Estate.com. ... more
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Sun Jun 30, 2013
Bruce Lynn answered:
This is a question for your elected officials.

Generally in Texas our property tax rates are 2-3% of the value of the house each year. Most of that is probably school taxes, but there can be some county, city, and other taxes too.

The people are complaining taxes are too high compared to what? I hear that from people in CA, but the properties are 3 times the value. So if their taxes are only 1% of the value, but the $250,000 house in Forney for same house would cost $1mil in CA, then we're about even.

We don't have state income tax here, so somewhere someway the schools have to raise money even if you are not in the city limits.

While I am not the biggest fan of HOA fees, most new communities in Texas will have an HOA. I can tell the communities that have them vs the ones that don't. I think in the end it helps keep neighborhoods looking nice and clean as much as possible, and keeps, boats, trailers, 12 cars, campers, lawns mowed, landscaping nice, etc out of the neighborhood in many cases.
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Sun Dec 23, 2012
Justin Guest answered:
Visit the Kaufman County Appraisal District website, type in your home address or name and it will give you a breakdown. Feel free to call me and I can help you.

Thanks,
Justin Guest
214-808-3605
... more
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Sat Feb 12, 2011
M5p02 answered:
I wouldn’t buy in Devonshire either..... they are in a MUD and the tax rate is 3.03 vs. most of the other Forney areas ranging around 2.73 to 2.81. One of the sales ladies from Megatel tried to tell me that if you wanted to live the premier community then you will have to pay a little more!! .... and she even said it was around $65.00 more per month; or $780.00 per year. The average American Home Owner lives in a location 5-7 years which totals almost $5500 over that span, without tax assessment increase on your home. That is a alot of money and is on par with Heartland, and is not in the city limits of Forney. ... more
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Tue Jul 28, 2009
Tamara Chappell answered:
Adding to the great advice below, I have within the last couple of months went with a past client of mine to protest their taxes on the home they purchased a few years ago. With this being said, I learned that our real estate market analysis whether it is from an appraiser or an agent - the Texas Comptroller's office has given instructions to the appraisal districts that there is not to have any foreclosures nor will they use properties that have had seller concessions. The appraisal district will also go back as far as January timeframe as this is when they begin processing the appraised values of homes to send out within the next few months. This is where us as Realtors and Appraisers need to fight with the Comptroller's office to put everyone that is involved in performing 'current' market analysis for their properties to be on the same page. However, with my client - I was able to reduce his market value with the homes I was able to choose taking the foreclosures and seller concession properties out but not as much as if I would have had to sell the home today -- market value proves to be less.

It is best to have either pay an appraiser to give you the appraisal on your property or have your favorite agent to provide a free market analysis for you. If you don't have an agent that you keep in contact with, I'd be more than happy to assist you to find out if there is a way to reduce your tax's - although you may have missed the appeal date for this year.

Thank you and have a wonderful week.
Tamara Chappell, 469-767-5612
Coldwell Banker Apex, Forney
tamara.chappell@coldwellbanker.com
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Sat May 2, 2009
Eileen77 answered:
I am not an agent but would like to share my experience with you. My husband and I moved to Texas (from Atlanta) 2 1/2 years ago. We were looking in the Forney area simply because my husband works in Canton and I work in Dallas. Forney was the only decent town in between. (clean, low crime, ext)

The house we found was listed at 143,000 and we settled at 133,000. (previous owner had gotten married and wanted to sell quickly) When we moved to this community, the subdivision had been nicely maintained, everyone was taken care of their houses- it seemed like a nice clean area.

Soon after moving in, our new neighbors were explaining to us that they could not afford staying in Forney any longer and would be moving to Mesquite. They stated how every year that they had lived here (4 years) the property tax continued to go up every year. Well, this is our second year here and they were correct.

In two years, the neighboorhood continues to look like Terrell everyday but with the higher price tag. Our property tax continues to rise while our house value continue to decline (no matter what the agents say). Our HOA is the same but the grass is as high as the house in front of us. (I was told the builders filed bankrupsty last year)

Yes, Forney is growing. But, how long will it take for Forney to become a nice area again or become another Terrell?

If we had known what we knew now, we would have not moved to Forney. But, for us not to loose our 22,000 cash down payment and hopefully break even someday- we are stuck here. Stuck in a area whose kids ride their bicylcles and walk in the middle of the road while you have to completely stop and wait for them to move (if they move). Stuck in an area where there are empty houses and vacant lots. Stuck in an area where crappy people move in while your house value declines and your property taxes steadily go up. =) You get my point.

My suggestion is to move to Rockwall, Heath or Sunneyvale. No matter how much Forney grows- its the quality of life and the people who make a city prosper or decline!

Good Luck to You!
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