Is Texas real estate slowing down?

[David]

Sold my house in 4 days. Got a couple of pissed off neighbors who are also trying to sell theirs. Found another house we really wanted, so I needed out of my current one. Listed it pretty competitively, got a bidding war. They’re mad I’m ruining their market on selling a $350k for $425k.

Close on my new house the 25th. Can’t wait.

[svauto-erotic855]

Where does one get a cow skin rug, I want to join the club...

Ikea has them for a couple of hundred bucks.

If you're SVO, you raise it, skin it, and tan it yourself.

I don't think I've owned a cow in 20 years. If I did own one I wouldn't kill it, I would simply rent it out to Soap on the weekends.

[dcs13]

West Plano near the tollway. Schools are a big reason for the location.

You moved to send your kids to PLANO schools ?

[svauto-erotic855]

You moved to send your kids to PLANO schools ?

It's all about perspective, sometimes when you're at the bottom of the pond the scum floating on the top looks pretty good.

Edit: My ex's son goes to the high school at the corner of Park and Independence and he tells me that the school is basically an open-air Bazaar for every illegal drug known to man. There are kids dealing OZs of meth, coke, and heroin daily.

[Ruffdaddy]

Sold my house in 4 days. Got a couple of pissed off neighbors who are also trying to sell theirs. Found another house we really wanted, so I needed out of my current one. Listed it pretty competitively, got a bidding war. They’re mad I’m ruining their market on selling a $350k for $425k.

Close on my new house the 25th. Can’t wait.

Wait...are you attempting to say you took 75K less than you could have made? Or are you saying that selling quickly somehow resulted in you making 75K more than your neighbors will...

[bcoop]

Wait...are you attempting to say you took 75K less than you could have made? Or are you saying that selling quickly somehow resulted in you making 75K more than your neighbors will...

He is saying he sold low for a quick sale, and pissed off his neighbors because it's fucking up the comps.

[David]

Wait...are you attempting to say you took 75K less than you could have made? Or are you saying that selling quickly somehow resulted in you making 75K more than your neighbors will...

No they’re still trying to play the hot market game. Their houses are realistically a $350k house, but they’re all asking $425s and have been listed for 90+ days with price drops every 30 days.

I put mine at what I consider a realistic price based on new builds in the development and had a bidding war. I got my house sold, new house bought, and they’re mad I’m “ruining” their market. Even though the new builds are undercutting them by $40k of their asking.

[Ruffdaddy]

He is saying he sold low for a quick sale, and pissed off his neighbors because it's fucking up the comps.

That's what I thought he was TRYING to say. He had his 350 and 425 flipped. I've seen quite a bit in my neighborhood overpriced as well as surrounding new builds.

Either way prices are coming down and that's all that matters.

[Broncojohnny]

You moved to send your kids to PLANO schools ?

Nine elementary schools there are in the top 5% in the state for test scores. Seems fine to me.

[bubbaearl]

land prices dont seem to be falling. 9 miles from me a 16 acre pasture is listed for 320k but that seems a little insane to me . 11,500 an acre is becoming the norm . tough to figure when the only comps are 10 to 20 miles away .

[Broncojohnny]

That's what I thought he was TRYING to say. He had his 350 and 425 flipped. I've seen quite a bit in my neighborhood overpriced as well as surrounding new builds.

Either way prices are coming down and that's all that matters.

I have noticed a substantial pick up in transactions in Plano in the $400 to $800K range. I am sure part of it is just rates. This summer might be interesting, I’m going to sell my existing Plano turd hole and it is at a low price point. Might be fun.

[Broncojohnny]

land prices dont seem to be falling. 9 miles from me a 16 acre pasture is listed for 320k but that seems a little insane to me . 11,500 an acre is becoming the norm . tough to figure when the only comps are 10 to 20 miles away .

Got to wait for a recession to buy that vacant land. Usually in January in Texas, right about the time taxes are due.

[Ruffdaddy]

land prices dont seem to be falling. 9 miles from me a 16 acre pasture is listed for 320k but that seems a little insane to me . 11,500 an acre is becoming the norm . tough to figure when the only comps are 10 to 20 miles away .

It's been erratic lately. I saw some awesome deals in January like Bronco mentioned. But now they are shit. I think the stalled growth will help. But I was still looking at 10K an acre in grayson county

[Broncojohnny]

It's been erratic lately. I saw some awesome deals in January like Bronco mentioned. But now they are shit. I think the stalled growth will help. But I was still looking at 10K an acre in grayson county

Everyone is just sitting around watching the fan waiting for the shit to hit it. Developers can still lease space and sell houses. Until that stops they will keep on trucking with all property types and that means land sales. We’ve been selling them as fast as we can complete them for five years now. I am selling deals where all we have done is grate the site and started building up pads.

[bubbaearl]

helps when your the only game in town. only a few pieces of land for sale near me. other than 5 acre plots in mountain lakes and one other developer place there's nothing but large ranches. the 7400 sq ft place built across from me last year sure didn't hurt my values. plus we are seeing a lot of folks from down under buying up land here along with the cali transplants . horse guy from down under bought the full section ranch across 377 from me then spent a fortune clearing and planting .