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Home Buying in Murphy : Real Estate Advice

  • All27
  • Local Info1
  • Home Buying10
  • Home Selling2
  • Market Conditions3

Activity 24
Fri Dec 1, 2017
Robinellis511 answered:
https://sites.google.com/view/grenadierhomesreview/home
It has been one of the worst experiences I've ever had.
0 votes 4 answers Share Flag
Sun Nov 19, 2017
Susie Kay answered:
I understand this is an old discussion but I've seen question like this every now and then. The will be no clear answer as it depends on you and the house. What temperature are you comfortable with and how efficient is the home? Having answers to this question may help. If you are buying a pre owned home you can ask how much sellers are paying per month and at what temperature they set it at. If it's a new construction ask the builder how much they are paying per month on their model home. ... more
0 votes 14 answers Share Flag
Sun Jul 24, 2016
Saisale4511 asked:
Hello, we are looking to buy a home around 2950 sqft and it has 2 full and 1 half bath. My agent told us that it is recommended to have at least 3 full baths for area > 2400 sqft. Can…
0 votes 0 Answers Share Flag
Wed Apr 22, 2015
Susie Kay answered:
It depends on the contract and how your agent write it in. You can also rescind your offer after you submitted an offer. The bottom line is, you can and should always discuss your options with your agent. We do not know the detail of your situation.

Susie Kay
Realtor & Certified Home Stager
United Real Estate
469-371-2899
www.dfwdreamhomes.net
... more
0 votes 5 answers Share Flag
Mon Jan 19, 2015
Mark Leach answered:
How is it that the air has become poisonous? I have heard that you can verify if drilling is available by seeking permits for the area where you live. I think that in most rural places, it is possible, but you will want to verify that first.
Mark Leach | http://www.ironmandrilling.com/
... more
0 votes 6 answers Share Flag
Tue Aug 26, 2014
Bruce Lynn answered:
Welcome to Texas.
You can do this.
Plano is absolutely hot rignt now and some of that action continues to Murphy.
Allen, Plano, McKinney, and Frisco are really hot markets....and looks like that will continue for the next 2-3 years in my opinion.
The only question I would have is for most investors the investment homes they buy are often completely different than the home they might live in. Perhaps smaller, cheaper, not as fancy.
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0 votes 16 answers Share Flag
Wed Feb 20, 2013
Bruce Lynn answered:
These are probably a question for an attorney, but normally we would want to refer back to your contract. Do you see a provision for them to stop or start building at your command? Or do you see a provision to cancel the contract for changes in the neighborhood?

Normally once you sign a contract ...you are committed....they are committed. You probably wouldn't want them to come back for example and say...well now the economy is better and we think we could sell it to someone else for more money, so we're giving you your earnest money back and have decided to sell to someone else.

You probably need to refer back to your realtor or attorney to walk you through the contract you've signed and the provisions of it.
... more
1 vote 5 answers Share Flag
Wed Feb 20, 2013
Bruce Lynn answered:
Based on the questions you have asked....which are very normal, you need to have a Realtor represent you in the transaction. This is very normal, most buyers do have a realtor involved in the purchase of a new home. We can probably save you time, money, or a lot of frustrations like this.

There may or may not be a way to break the contract. We have to read the contract to make sure or you may want to ask an attorney. I would think in most cases if you break the contract it would read that there are some kind of damages to the seller/builder..typically the earnest money, and perhaps any upgrades that had been ordered and paid. I don't think I've seen one that says you get 50% of the money back or certain percentages at certain times....

Here's a link to some more new homes in Murphy.
http://www.metroplexhomesalesinfo.com/listings/areas/159091/minyearbuilt/2013/propertytype/SINGLE,CONDO,MULTI,LAND,FARM,COM,VAC,RENTAL/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale,Lease+Rent/

Many builders are having price increases now, so if you haven't signed a contract you may want to soon to save some money. We see many going up $3000-$5000 a month right now. Also interest rates while still at historic lows have been going up the past few weeks.
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0 votes 4 answers Share Flag
Wed Feb 20, 2013
Bruce Lynn answered:
#1....don't go in this alone.....make sure to take a realtor with you.
#2....most builders will give you the earnest money back at some point in time......you apply for the loan immediately or before you sign the contract in most cases. You don't get approved you get the earnest money back. ....now if something happens before closing like you loose your job the day before, then they might not be as willing to give it back....so it will depend on the circumstances.

Typically we can save you time, money or headaches when using us as your realtor. Just for things like that you ask. You always want someone in your corner reviewing your contract, taking notes, helping you with inspections and negotiations.

Here is a link to some new homes in Murphy.
http://www.metroplexhomesalesinfo.com/listings/areas/159091/minyearbuilt/2013/propertytype/SINGLE,CONDO,MULTI,LAND,FARM,COM,VAC,RENTAL/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale,Lease+Rent/
... more
0 votes 5 answers Share Flag
Wed Feb 13, 2013
Bruce Lynn answered:
Not sure what the question is, but sounds like you do not have a contract with the builder at this point.

What does your realtor say? I'd be asking them for advice as that's what you are paying for.

Builder may have decided to keep home as inventory, hoping you'd come back or at some point may sell it to someone else, and put in their own selections for colors and not yours.

Let us know what your question is and maybe we can better answer.

Check prices at http://www.metroplexhomesalesinfo.com/community/area/Plano/
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1 vote 7 answers Share Flag
Wed Feb 13, 2013
Bruce Lynn answered:
Bubble?.....that's when the prices get over inflated and then the bottom falls out....

Think CA and Las Vegas....Hong Kong.

There is no great way to accurately predict prices increases or decreases. Just too many variables in the economy that can change things. For example what happens to interest rates if Freddie and Fannie get out of mortgage repurchase business and it goes to private investors. I would think interest rates would double at minimum. So if interest rates double what does that do to housing market? ... more
0 votes 4 answers Share Flag
Mon Feb 11, 2013
T.E. & Naima Sumner answered:
First, Murphy is split between Plano ISD and Wylie ISD. So, the eastern portion of Murphy effectively is the same as the western portion of Wylie. Their proximity to shopping and other amenities, and commuting on Bush is practically identical.

East Wylie is more rural and so more isolated. Lots tend to be larger there. Shopping is further away in that area, too.

West Murphy is more like Plano with smaller lots, although some real castles abound there, unlike the main part of Wylie.

Some financial demographics may help to understand. 75094 Murphy has 68.7% income > $100k.
75098 Wylie has 39.4% income > $100k. Bear in mind that the eastern part of Murphy is a transition area to Wylie with Wylie ISD schools, etc.

If you're looking to buy, all of Murphy is good, but the western is probably more desirable.
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0 votes 4 answers Share Flag
Sun Feb 10, 2013
Dallas Texas answered:
When you "boil it all down" miscellanous money vs. years of owning a home you prefer to have

Contact my office today where I can show you many amazing homes work with your family specifications.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com

Follow me on Facebook
www.facebook.com/lynn911dallas
... more
0 votes 5 answers Share Flag
Sun Feb 10, 2013
Melissa Hailey answered:
If you have already hired a Realtor to represent you, they should be able to provide you with a list of pre-owned homes that meet your needs. I know you are also looking into new construction. Your agent should be able to help you find new construction homes that meet your needs as well.

Due to the lack of inventory available to sell, you will want to be ready to buy when you find the home that works for you. It is no longer a buyer's market in these areas, and you won't have the luxury of waiting to make an offer on a great home....if you wait, someone else will likely buy it.

Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors
214-418-0180
Melissa.Hailey@ColdwellBanker.com

http://www.linkedin.com/in/melissahaileyrealtor
http://twitter.com/melissahailey
http://activerain.com/blogs/mlshailey
... more
0 votes 1 answer Share Flag
Tue Feb 5, 2013
Melissa Hailey answered:
If price/cost is your top priority then you might consider a re-sale home. If you definitely want a "new" home, you will likely find you have more negotiating room when you buy a home that is already complete (inventory home). When you build from the ground up it is usually a 4-6 month process and normally the builder will get a few more dollars out of you after you go under contract because they send you to the "design center" where you get to pick the carpet/tile/fixutres. Many of these items are "upsell" or "add on" items. It seems like no big deal to add $3000 to the price to get the better kind of flooring...and then you add $1000 for upgraded fixtures....and so on. The next thing you know, you spent an extra $10k on the house that you didn't plan to spend.

Again, you really should hire a Realtor to represent you. Your agent can help you navigate all of these items and keep you in-line with the budget that you set for yourself.

Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors
214-418-0180
Melissa.Hailey@ColdwellBanker.com

http://www.linkedin.com/in/melissahaileyrealtor
http://twitter.com/melissahailey
http://activerain.com/blogs/mlshailey
... more
1 vote 5 answers Share Flag
Tue Feb 5, 2013
Melissa Hailey answered:
All three of these builders have good reputations in our market. Just as important as the builder you choose, will be the location that you choose. If you are looking at homes in the Maxwell Creek neighborhood, you might consider the proximity to the parks/playgrounds or the amazing neighborhood swimming pool. Different builders might have different lots available within the same subdivision.

Your best bet is to work directly with a Realtor who knows the area and can help you determine the neighborhoods you are interested in. Then visit each builder in that neighborhood to see what they have to offer (Floorplans, energy efficiency, standard items vs upgrades, etc). Your Realtor will help you to negotiate the price with the builder so that you can get the most home for your money. Realtors help you negotiate with the builder - regardless of which builder you choose. The builders want to work with the Realtors because they want the agents to bring back more clients. It's a win/win for you as the buyer.

Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors
214-418-0180
Melissa.Hailey@ColdwellBanker.com

http://www.linkedin.com/in/melissahaileyrealtor
http://twitter.com/melissahailey
http://activerain.com/blogs/mlshailey
... more
0 votes 3 answers Share Flag
Tue Feb 5, 2013
Melissa Hailey answered:
The city of Murphy does not have a school district. Residents in Murphy will either attend Plano ISD or Wylie ISD based on their home locations.

The Plano ISD is a large (Class 5A) school district and provides many opportunities for their students. The residents in Murphy who attend PISD schools will eventually feed into Plano East Senior High School where the graduating class is approximately 1200-1400 kids each year. There are a total of 3 Senior High Schools in Plano ISD. The schools run like this:
Elementary = K - 5th
Middle School = 6th - 8th
High School = 9th - 10th
Senior High School = 11th - 12th

The Wylie ISD is slightly smaller (Class 4A) school district and provided more of a "community" or "small town" feeling. There are only 2 High Schools in the Wylie ISD, and the newer high school has only been open 5 years or so. The schools run like this:
Elementary = PreK - 4th
Intermediate School = 5th - 6th
Junior High School = 7th - 8th
High School = 9th - 12th

BOTH school districts are highly desirable and highly rated by the Texas Education Agency. This is one of the reasons that Murphy is in such high-demand. The schools, parks, and lifestyle opporunities for residents in Murphy is second to none. You have the best of both worlds when you live in Murphy.

I live in Plano and my office is located in Wylie. My areas of expertise are Plano, Murphy, and Wylie. I would love to assist you as you prepare to buy a home in the area. Please feel free to contact me directly via phone/text/email. I am happy to answer all of your questions.

Melissa

Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors
214-418-0180
Melissa.Hailey@ColdwellBanker.com

http://www.linkedin.com/in/melissahaileyrealtor
http://twitter.com/melissahailey
http://activerain.com/blogs/mlshailey
... more
1 vote 4 answers Share Flag
Tue Feb 5, 2013
Melissa Hailey answered:
The builder's representative works for the builder, with the builder's best interests in mind. When you hire a Realtor to represent you...they work for you and keep your best interests at heart. It really doesn't matter who you are buying the home from, you should have someone on your side that is there to protect your best interest.

Regarding a Realtor who will give you a rebate - as many have said before me - you get what you pay for. As a buyer, there is usually not any cost to you for a Realtor to represent you (because the seller's pay the Realtor commissions). However, if you ask for an agent to cut your commission they may also cut some of the services they provide to you. Since there is usually no cost to you as a buyer, why not take advantage of a full-service Realtor...you will be glad that you did.

If you have further questions, and you are not already working with another agent, I would love to speak with you to answer your questions and help you get started on track to buy your new home.

Melissa
Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors
214-418-0180
Melissa.Hailey@ColdwellBanker.com

http://www.linkedin.com/in/melissahaileyrealtor
http://twitter.com/melissahailey
http://activerain.com/blogs/mlshailey
... more
0 votes 9 answers Share Flag
Tue Jan 29, 2013
Andrea Cusey answered:
As a resident of Murphy, I'd be happy to help you. If you don't have an agent, please contact me directly and I help guide you.

Andrea Cusey, Realtor
ABR, TAHS, AHWD, SFR
(469) 323-1831 cell
www.andreacusey.com
cuseyrealtor@gmail.com
... more
0 votes 8 answers Share Flag
Thu Jul 14, 2011
Damon Williamson answered:
The home is for lease which I am sure thats the confusion. Some of these websites do not explain it better....
0 votes 5 answers Share Flag
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