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Murphy : Real Estate Advice

  • All26
  • Local Info1
  • Home Buying10
  • Home Selling1
  • Market Conditions3

Activity 12
Wed Feb 20, 2013
Dallas Texas answered:
No professional can render an opinion for fact we don't have copy of entire sales agreement determine what every specification in that contract of the what if's and etc.

RECOMMEND: Realtor represent you assist with all contracts .

Happy to represent you

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer

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Wed Feb 20, 2013
Dallas Texas answered:
RECOMMENDATION : have a Realtor assist you our fees are paid by the builder. You want to have all the bases convered in these builder contracts MANY of them I laugh at they are authored all on the behalf of the builder NOT the home buyer.

No professional can render an opinion assist you for fact we DON'T represent you have zero idea of all the terms and conditions in the sales agreement.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer

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Thu Feb 14, 2013
David Hock answered:
The folks of Murphy are very active and the city by state law can only pass on taxes that approved by it's city council and state law in percentage increases. The main thing is the overall dollar value of homes in Murphy maybe greater than surrounding cities. ... more
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Wed Feb 13, 2013
Mary answered:
I looked at the contract and it says:

"Purchaser will pursue the sale of current home at _____________. If Purchaser's current home is not sold by sheetrock stage, Purchaser may provide Seller written notice prior to sheetrock to terminate the Agreement. Purchaser understands they will forfeit one half (1/2) of the required deposit, plus the cost of any options already installed. Once the home passes sheetrock stage, Purchaser hereby agrees that no deposit money nor option money will be refunded if the home does not close due to Purchaser's default." ... more
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Wed Oct 28, 2009
James Gordon ABR SFR SRS answered:
Khana you will hear many different views on this. I like the feeling of not having to pay a monthly payment to anyone.
On the other hand a home loan is the cheapest money that you can borrow. Don't cut your reserves to close when buying a property. If you can not keep at least 6 months to a year of expense money saved in the bank get a loan.

Just my opinion but you don't want to get a loan just because you need new tires.
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Wed Oct 1, 2008
Terri Hayley answered:
Hi Da,

A minimum of 2.5 baths with 4 br's is good. It would be better to have an add'l bath on the 2nd floor. It will depend on how many people will be living in the home. If when you resale you sell it to a family with one child, perhaps, then they use the other 2 rooms for an office and the other for a work out room or something of the like, then you should be good. We do have someone we're working with right now who's facing the same thing you're talking about and there are many homes in their price range with the add'l bath up.

Happy to help,
Terri Hayley
The Hayley Group - Keller Williams
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Mon Sep 1, 2008
T.E. & Naima Sumner answered:
They are both good neighborhoods. The only advantage I see that Wyndsor Estates has mature landscaping and much more trees.

I don't think there will be a difference really in 3-5 years in the area. So choose according to the neighborhood you like best and home that fits your needs best too.

If you don't have a buyer's agent working for you, I will be happy to assist you. I am very familiar with the area and it doesn't cost you anything.

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Thu Jul 31, 2008
Cyrus Green answered:
I'd love to refer you to an agent, they are the only ones who know the market that well.
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Tue Mar 4, 2008
Melissa Hailey answered:
If you are using a Realtor for either transaction (buying new construction or selling your current home) I would recommend that you have them review the contract with you to see what your options are. Depending on the verbage, you may also want to consult a real estate attorney.

New homes take an average of 6-months to complete, so March does seem to be the right timeframe. However, depending on the custom features, size, and location of the home that timeframe could vary. Does your contract specifically state an estimated closing date? If so, that may help determine some of your choices.

Is you current home on the market now? Was it on the market when you decided to purchase the new home? If you signed the contract to purchase the new home contingent on the fact that your previous home sold, you may have a way out of the new home purchase (but you will lose that home and be stuck with your current home).

I sincerely hope that you have a professional Realtor to look to during this time, as their guidance will prove to be very valuable as you proceed. Good luck!

Melissa Hailey
Coldwell Banker Jane Henry Realtors
Chaning lives, one home at a time
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Wed Feb 27, 2008
Bruce Lynn answered:
Builders probably will raise prices in some areas as inventory clears and commodity prices rise significantly. It just depends where they set their prices initially. There are some builders known to cut the fat from the beginning. Some offer the upgrades built in to the price. Some offer rock bottom price and rip you on the upgrades, some always offer XXXXX of the list price to make some of the deal makers think they're getting a deal. Plano is probably more stable as there is very little new construction left, unlike Murphy which is still wide open. ... more
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Mon Nov 30, 2009
Kathleen Hagler answered:
Mary, I know quite a bit about Murphy, but not Davis Creek Rd. What major intersection is it by.
If you get your tax appraisal in the mail, usually there is a place you can dispute them. You go down to the county tax office and let them know your taxes keep going up, but not your property value, if that's the case. You will have to have documentation that your value isn't as high as they say.
You can click on our photo and get our contact information. Email me and I will be glad to look up the comparables in the area. I would need to know exactlly where your home is though. Address etc...
I hope this helps...
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Sun Sep 28, 2008
Melissa Hailey answered:
Rolling Ridge is a great neighborhood with a wide range of choices (priced from $300-800k). They have a great neighborhood association that hosts family friendly events throughout the year. The location is great, with easy access to 75-Central or George Bush Turnpike.

In the past 6 months, 28 homes have been sold in all phases of Rolling Ridge. The prices range from $335k - $750k, with the average being just under $500k at $102 p/sf.

I hope this information is helpful. Please feel free to contact me at 214-418-0180 if you have any further questions.
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