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Property Q&A in Van Alstyne : Real Estate Advice

  • All14
  • Local Info0
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 7
Sun Feb 3, 2013
Keith Laursen answered:
Taxes are very low (less than $10) due to an Ag exemption. Be aware that the person who changes use (builds a residence) could be charged roll back taxes + interest for 5 years. This would be the difference between the Ag tax and what the normal tax would have been. That is very normal on rural property but many people are not aware until they face it. You can check with the Grayson County property tax office to determine what that would be and IF they would charge it.

You could negotiate any roll back taxes with the seller as part of the purchase.

What is your concern over water rights? I can't imagine that would be an issue for residential property. In general in Texas, you own the water under your land subject to any restrictions from major water districts. Water in creeks is considered owned by the state. You can't legally pump or divert water without a permit.

You should have no problems obtaining water and power to that property. Sewer would be septic. Be aware that if there is not a water meter it could cost several thousand dollars to have one installed.

Contact me at 469.233.1234 if I can help you further.
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Tue Aug 10, 2010
Bruce Lynn answered:
I show this already under contract, but here is a link to some others that you might consider.,11370340,11194033

Just let me know if you would like to see any of them.

Bruce Lynn
Keller Williams Realty
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Sun Jul 25, 2010
Sue Riley answered:
The taxes on this property for 2009 were $3932 without the homestead exemption. If you are going to live in the home you will receive this deduction on your taxes. I am currently unable to access the Appraisal district website to get the 2010 amount but in many cases the taxes have decreased based on the values of the properties.
I both live and work as a Realtor in Van Alstyne so if you do not already have a Realtor that you are working with I will be happy to help you find a home. I can show you any homes that are for sale in the area and represent you as a buyer, You can call me on my cell phone or email me directly if you have any further questions or would like to make an appointment to view.

Sue Riley
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Fri May 7, 2010
Pelin Guzel answered:
Hi Shellye,
It looks like around 35 mins of course it depends on where you want to go in Mckinney. You can follow two routes one is from 121 and other one is from 75.

Good Luck,
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Sat Mar 20, 2010
Sue Riley answered:
This is house is currently showing as pending sale. This means that there is a contract in place. However, this is a short sale and so they may be accepting back up contracts on the property. The short sale process can take a long time and they often fall through and so many sellers will take a back up contract.
Please contact me if you would like me to find out more information on this particular house.
I can help you with any other home that you may be interested in and if you do not already have an agent that you are working with I will be happy to help you.
I know the Van Alstyne area well and have lots of experience helping buyers.
Sue Riley

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Wed Feb 11, 2009
Carolyn Phillippe asked:
This question is about this property:
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