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Old 04-08-2013, 12:31 PM
 
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coming back...what would be a reasonable offer for this spec house by highland homes in lawler park 75 , currently priced at 581k including the upgrades (media room, stone elevation, HW flooring) 7670 Dotter dr
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Old 04-08-2013, 02:23 PM
 
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I am in the same position as others, this thing is expensive, look on google maps, and you will see so much land around it vacant...
Is there any reason not to use an agent (i am not one, nor do i have a "reference" ) .. just wondering why ..
I think you have a lot better options out there ...
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Old 04-08-2013, 02:27 PM
 
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Also wanted to put this out there, new home builders put crazy prices on specs, My house was "listed" for 303,900, and i got it for 261,500 (and they gave me $4000 in closing costs) ... thats almost a 14% discount (15.35% if you include the closing cost)... and I didnt get a "steal" ...
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Old 04-08-2013, 06:42 PM
 
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If you can go upto 580k than why not try Southlake, West Plano or Coppell? Why Frisco if you aren't even getting a big lot.
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Old 04-08-2013, 06:57 PM
 
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Quote:
Originally Posted by MoveinSept View Post
coming back...what would be a reasonable offer for this spec house by highland homes in lawler park 75 , currently priced at 581k including the upgrades (media room, stone elevation, HW flooring) 7670 Dotter dr
A couple years ago, it wasn't uncommon to get 10 to 15% off specs, even from the good "semi custom" development builders like Highland and Darling. I don't think that's the case anymore, but it certainly can't hurt to start low and see what they say. Also, if you really don't have a good idea of what houses go for around here, I'd get a realtor, stat.

Good luck!
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Old 04-08-2013, 07:14 PM
 
Location: Funky town
951 posts, read 1,420,894 times
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Quote:
Originally Posted by princealyy View Post
Also wanted to put this out there, new home builders put crazy prices on specs, My house was "listed" for 303,900, and i got it for 261,500 (and they gave me $4000 in closing costs) ... thats almost a 14% discount (15.35% if you include the closing cost)... and I didnt get a "steal" ...
I dont think one can get 10-15% discount from semi-custom builders in that area today. It might have been the case in 2009.
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Old 04-08-2013, 07:19 PM
 
Location: Funky town
951 posts, read 1,420,894 times
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Quote:
Originally Posted by princealyy View Post
I am in the same position as others, this thing is expensive, look on google maps, and you will see so much land around it vacant...
Is there any reason not to use an agent (i am not one, nor do i have a "reference" ) .. just wondering why ..
I think you have a lot better options out there ...
When you look at Frisco's GIS map (City of Frisco Maps) and filter for "future land use" and "current development", you will notice that there is not much "residential" land left closer to 121, 75 and east of DNT access although there is vacant land. Plantation community and Hunter's creek is already taken, closer to 121 on access roads is retail, Richwoods is taking that entire block of Rolater, Coit and Independence. It is hard to find anything. If you are living in Frisco, one thing to keep in mind is school zones. So you may think of going a little north to Eldorado but you will find there "will" be 3 school zones between eldorado and 121 on Independence....
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Old 04-08-2013, 09:18 PM
 
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Ok..While we were here discussing about the spec home, we had a surprise tonight when we went on a drive to check Lawler Park. The Spec home is SOLD.
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Old 04-08-2013, 09:20 PM
 
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OMG!! This is crazy!! Spec homes and lots going off just like that.
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Old 04-08-2013, 10:57 PM
 
Location: Funky town
951 posts, read 1,420,894 times
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Quote:
Originally Posted by MoveinSept View Post
OMG!! This is crazy!! Spec homes and lots going off just like that.
Unlike many people who say these homes are overpriced, one has to really understand market dynamics. There are several reasons why the portion of property closer to 121, 75 and DNT will be desirable for new construction. "not much residential" land remaining... closer to such access and shopping! Now one can debate all day how plano is amazing but the truth is there is no land remaining there to build new construction and there is a huge surge of transplants coming to DFW who don't have time to research the local RE market (unfortunately) for pre-existing homes.

On a different note, the employment figures were disappointing and we are already well on our way of lost decade (2007 onward). The interest rates will remain low at least for the remaining 2013 and pre-existing inventory of good homes is drying up rapidly (thanks to Blackstone and likes).
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