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Old 04-25-2015, 05:36 AM
 
88 posts, read 118,429 times
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I just need to vent a little. This housing market is insane. We are down for the weekend to buy a house and are not having a bit of luck. We found two we liked and are in multiplayer me offers with one (love the neighborhood but are so so on house) and the other one sold before we could get an offer in.

Our daughter will be going to Hockaday so we have been looking in West Plano and areas of North Dallas. Any other areas we could look at? At this point I'm almost willing to throw Frisco on the table.
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Old 04-25-2015, 06:02 AM
 
Location: Dallas, TX
2,825 posts, read 3,803,906 times
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Where will you all be working? Since your child will be going to private, you don't need to put as much focus on a great school district as others. That may open up your opportunities and make house hunting a bit easier.
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Old 04-25-2015, 06:32 AM
 
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Husband travels every week so he may head downtown once or twice a month. We have even looked in the school districts that aren't so great. I do want a safe area since I will be home alone and neighbors that are friendly in case I ever need anything.

Some of the prices are out of control closer to the school. We used to live in Southern California and I have a hard time paying the same price per sq footage that I would there. Might as well move back. Haha.
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Old 04-25-2015, 06:54 AM
 
Location: DFW - Coppell / Las Colinas
36,358 posts, read 40,183,560 times
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Right now you need to be living here so you can go everyday to see homes as they go on the market. It's very difficult to come in for a weekend and find a home. Homes in good areas are only lasting 1-2 days before they go under contract with multiple offers.

Relocation people are having trouble finding houses when they can only come in for short times.

That's just the market right now.
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Old 04-25-2015, 06:57 AM
 
418 posts, read 436,823 times
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In this market, you have to be very lucky to find a house in a weekend. I know people who have spent months before they could get a contract on a house they liked. Just curious, why aren't you renting before you buy? It will allow you to narrow down your areas of choice and give you more time to buy a house.
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Old 04-25-2015, 07:09 AM
 
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Just as point or comparison--
we bought house Thursday for my husband's sister to live in in Victoria, TX--small town but RE very active and competitive--saw house and put in contract same day, hour later...full price...
was accepted...but there are so many homes in certain price points/locations that sell w/in first week of going on MLS...we are hoping she can pay enough to cover taxes and insurance and we will take profit when house sells who-knows-when...
we had driven around Monday w/o realtor looking at homes in MLS we thought might work but the streets/area were usually the negatives and we didn't know anything about the specific locations since we were out of town...eye opener--especially bcuz we were shopping at lower price point...she doesn't need a 3K sq ft house--she's in her early 80s--
she just need safe neighborhood and about 1400 sq ft which she got (we think) but we had to raise our target price 30K...

8 or so years ago when we were shopping for home in Mid-Cities area, we had very active/competitive market because RE/market crash had not happened...
we saw 3-4 new homes a day come on market and if they were desireable, they would get offers that day...and offers above list--
we never did that--bought home in Hurst which was not one of the hot markets like Colleyville/Southlake/Keller...
schools were not really an issue for us personally but are always factor on resale--
I think we will see little real appreciation in this house because it is at top of the local market-when you are already at the top your appreciation rate is much slower than something more midline...

and a factor to consider--when the market is NOT hot--when prices or economy is depressed for various reasons---it is usually MUCH more difficult to find homes you like because people don't move--homes don't come on the market--especially if people have equity in the home and don't want/need to sell at loss...
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Old 04-25-2015, 07:49 AM
 
144 posts, read 174,483 times
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I would look at North Dallas and West Plano first. Second, look at Plano and Lewsville border. Plano homes feeding to LISD are a good location for private schooling families. Carrollton's parts within LISD that border West Plano are nice as well, quite popular for people commuting to private schools during rush hours. I would consider these instead of going further north to Frisco or Little Elm to avoid hellish commute.

Last edited by LauraLama; 04-25-2015 at 08:22 AM..
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Old 04-25-2015, 08:08 AM
 
Location: Dallas area, Texas
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I don't know your budget, but have you looked at some of the North Dallas neighborhoods? Bent Tree or Prestonwood comes to mind. North of LBJ, along the Dallas North Tollway or Preston Road.
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Old 04-25-2015, 09:38 AM
 
707 posts, read 920,307 times
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Quote:
Originally Posted by DitsyD View Post
I don't know your budget, but have you looked at some of the North Dallas neighborhoods? Bent Tree or Prestonwood comes to mind. North of LBJ, along the Dallas North Tollway or Preston Road.
Agreed! We moved here from Park Cities and love the area! Try searching zip codes 75252 and 75287. There are kids here in the Plano ISD portions going to West, but you also see signs for Parish and of course a lot of TCA in front of the houses. Areas backing to Preston Trail Country Club/Bent Tree CC/White Rock Creek are beautiful. Also, Hawkins Welwood (my preferred builder) is building a new neighborhood in this area (lawn at Glen Abbey). If that's in your price range, it'd be worth renting until a home is completed there.
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Old 04-25-2015, 10:04 AM
 
12,396 posts, read 23,796,196 times
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Quote:
Originally Posted by MSC31 View Post
I just need to vent a little. This housing market is insane. We are down for the weekend to buy a house and are not having a bit of luck. We found two we liked and are in multiplayer me offers with one (love the neighborhood but are so so on house) and the other one sold before we could get an offer in.

Our daughter will be going to Hockaday so we have been looking in West Plano and areas of North Dallas. Any other areas we could look at? At this point I'm almost willing to throw Frisco on the table.
Absolutely NO to Frisco! That is a hellish commute to subject you and your daughter to! You would be in a car for 2+ hours a day to do 2 round trip drives. Plus, she probably won't have more than 0-1 school friends who live anywhere near you way up there. Most Hockadasies live pretty close to school.

Are you working with an agent who specializes in North Dallas and West Plano (these may be two different agents, btw)? You need someone who has access to hip pocket listings as up to 1/3 of North Dallas homes are selling before they ever hit the market. A general relo agent won't cut it in this market.

Also, if you're looking in a competitive price point (around $400-600k), it's going to take more than 2 offers to get a house. That's just the reality. Even closer to Hockaday, homes up to $1.5M are selling briskly.

Many private school relo's just rent in 75229 / 75220/ 75230 for the first year before buying. You may have more luck with rental properties.
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