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Old 07-29-2013, 09:02 AM
 
3 posts, read 9,059 times
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Need review on richwoods hollow community which is coming up, i see plans starting from 370+ on their web site which i believe is 55' lot. I feel the price point is very high for 55' lot compared to other near by communities. Just want to see how others feel, and if we buy at richwoods hollow with the current price point will it retain its value on re-sale perspective.
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Old 07-29-2013, 12:46 PM
 
261 posts, read 357,693 times
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Quote:
Originally Posted by friscouid View Post
Need review on richwoods hollow community which is coming up, i see plans starting from 370+ on their web site which i believe is 55' lot. I feel the price point is very high for 55' lot compared to other near by communities. Just want to see how others feel, and if we buy at richwoods hollow with the current price point will it retain its value on re-sale perspective.
Depends on when you want to sell......Its hard when the area is not built-out.....
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Old 07-29-2013, 03:28 PM
 
Location: Mostly in my head
19,631 posts, read 53,468,042 times
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Very few new properties will hold their value once you buy it. It's kinda like cars, once driven off the lot, the price drops. Why buy your house when they can buy new around the corner with their choice of finishes/options? Once the community is built out, your house may approach its cost - or it may not. How long do you plan to stay??

Buying an older house takes about 5 yrs on average for you to break even on commission and fees.
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Old 07-30-2013, 07:04 AM
 
139 posts, read 145,844 times
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I think the prices in Frisco in these new developments are not sustainable. I am a contrarian and I think we are in a mini bubble that will burst.
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Old 07-30-2013, 10:20 AM
 
Location: Earth
794 posts, read 1,349,803 times
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I wouldn't buy there if resale is a concern, and it always is.
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Old 07-31-2013, 10:26 PM
 
Location: Dallas, TX
1,161 posts, read 738,412 times
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Lot sizes are shrinking in Frisco as well. If it goes on like this, we will start seeing 30'/40' zero lot size homes soon.
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Old 10-13-2013, 03:44 PM
 
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we are just looking around those property in Richwoods Hollow and not sure if it's really hyped up price and not sure of Frisco Isd yet...but even though plot size is small and the plans r quite impressive...Any inputs regarding Christinger school is appreciated
v
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Old 10-13-2013, 05:14 PM
 
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I have heard great things about Curtsinger, but starting next school year Richwoods will be zoned to a new elementary...the one currently being built just north of them in Lawler Park.
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Old 05-24-2014, 10:14 AM
 
3 posts, read 4,402 times
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Default Richwood hollows

The prices seem to be increasing, the builder is hiking up the price every couple months if not sooner. Looks like this development is selling fast.
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Old 05-24-2014, 02:36 PM
 
91 posts, read 116,367 times
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Every new subdivision is selling fast, real question is resale. Once you enter your new home door then it instantly becomes a used one. Frisco and beyond has lots of land for new homes so new home buyers would look there not at your used home. People interested in pre existing homes judge things differently, they ask for great location, excellent schools, proximity to downtown, proximity to employers, proximity to elite private schools and resale prospects. They won't be driving to far flung subdivisions to buy used homes.
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