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Old 04-25-2013, 12:44 PM
 
Location: DFW - Coppell / Las Colinas
30,031 posts, read 34,736,152 times
Reputation: 36078

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Quote:
Originally Posted by frenzyrider View Post
2013 is quite a different market. If you don't agree then just ask around realtors and other folks looking for pre-owned. There is almost no inventory and the cost of materials / labor (shortage is big news on TV) has caused builders to give no incentives so I think you may be able to get 5-7% from top builders.
Correct. When builders are going up almost monthly on their prices why give any discount ? They are selling faster than they can build them.

5% would be generous.
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Old 04-25-2013, 01:03 PM
 
Location: Earth
794 posts, read 1,355,795 times
Reputation: 517
Then don't get married to the idea of a brand new property, look at pre existing market as well and see what makes more sense. If market goes down then resale of these new areas will tank. Not so long ago, Frisclosure was synonymous with Frisco.

If you've been reading this forum then you should know that not many buyers want to buy used houses in Frisco, though Park Cities, Plano, Richardson and Coppell have a very hot resale market. Study market trends. Why buy overpriced home with iffy resale, mediocre schools and longer commute. Boggles my mind.
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Old 04-25-2013, 04:05 PM
 
Location: Funky town
951 posts, read 1,426,368 times
Reputation: 640
Quote:
Originally Posted by GripeWater View Post
Then don't get married to the idea of a brand new property, look at pre existing market as well and see what makes more sense. If market goes down then resale of these new areas will tank. Not so long ago, Frisclosure was synonymous with Frisco.

If you've been reading this forum then you should know that not many buyers want to buy used houses in Frisco, though Park Cities, Plano, Richardson and Coppell have a very hot resale market. Study market trends. Why buy overpriced home with iffy resale, mediocre schools and longer commute. Boggles my mind.
I think that area is fine. Nobody can predict future but the truth is DFW metroplex is growing with DART estimating the population to double by 2030. As far as your comments on Frisco, it was really unfortunate because people bought new homes and the economy just simply tanked. Because Frisco was having the most growth (read new home buying with more people moving in) there was not an iota of doubt that it would get slammed.

I agree with your point that if you are looking for pre-owned homes and you don't have any problems on when those homes were built on slab foundation then people should really consider Coppell and Plano but if you are looking for new(er) homes after 2004/5 then all i can say is Good Luck! finding a home in Coppell and Plano. To each their own... some prefer new(er) homes over older homes. There is never a right answer.
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