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Old 02-17-2012, 06:58 AM
 
9 posts, read 13,531 times
Reputation: 15

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I recently made an offer for a new home in cinch ranch and it works out to $102/ sq ft. ..there are some upgrades like hard wood floors media room, granite counter tops and most importantly from a good builder. This is in the mid 300s price range

Is this a good price. any feedback is appreciated.
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Old 02-17-2012, 07:09 AM
 
Location: Pearland, TX
3,333 posts, read 7,796,434 times
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No, that's a terrible price. I looked at 20+ homes in Cinco and the average price per sq/ft is $92.42. Maybe you have an acre of land with that, or a HUGE pool, or a five-car garage, or gilt-edeged rain gutters, who knows.

Question: Why do you care if you already bought it? Little late to be asking for someone else to do a comparison, isn't it?

Just wonderin'...

Ronnie
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Old 02-17-2012, 07:25 AM
 
9 posts, read 13,531 times
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Did you look recently. I have seen some in the price range of 95, but they all have some downsides to them.

True, but its better to find out now than later.
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Old 02-17-2012, 07:34 AM
 
Location: Pearland, TX
3,333 posts, read 7,796,434 times
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Quote:
Originally Posted by sam2k View Post
Did you look recently. I have seen some in the price range of 95, but they all have some downsides to them.

True, but its better to find out now than later.
Yep, like 1/2 an hour ago.
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Old 02-17-2012, 08:27 AM
 
806 posts, read 1,433,647 times
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How long has the house been on the market? If it has been on there for more than a couple of weeks it is two high. A prefect home in Cinco can bring in good money but at the same time typically sells close to the same day listed.

I have several family members that live in Cinco and spent months and months finding the prefect home for the fact that they are extremely picky. Several homes by the time they got home to make an offer and offer was already accepted.

This is by far from the norm for every single home in Cinco but a home move in ready with the prefect amount of upgrades they will go quick.
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Old 02-17-2012, 08:30 AM
 
9 posts, read 13,531 times
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It is a new build home, construction to be started.
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Old 02-17-2012, 08:47 AM
 
Location: Katy, TX
302 posts, read 829,945 times
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if it's a 1 story home I would say it's decently price... two stories might be a little bit high... We just sold ours (Low $200s) and got mid $90s because it's a 1 story house... 2 stories are going for less....

new construction, now that's a whole other monster...

Check out the simply cinco store at la centerra... or do a search on the cinco ranch website... they list a lot of the new stuff there...

We are upgrading our house, but decided to go to Cardiff... much more bang for the buck... we love cinco, but feel its over-rated... sure, great pools, but we are planning on building our own... nice looking place to drive through, which we'll be doing anyways... I just have a hard time justifying the extra 30-40% premium on their homes... the smaller lots... I would have to sacrifice the media room for the same price, and probably the pool since the lot wouldn't be as big... and this is for a house in the $400s...

Which builder did you made the offer with? Not sure about their prices, but we found out with our builder than their wood floors/tile prices are too expensive... they were charging $15-$20 sq ft for travertine... walked into the local home depot and saw it for less than $2 sq ft... even if installation is $3 (which it won't) I'll get it for about 33% to 25% of what they were asking for... sure, it'll be nice to move in and already have it, but we are planning on extending our lease in our current place for 2-4 weeks after we close to make a few additions to the house...
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Old 02-17-2012, 09:15 AM
 
9 posts, read 13,531 times
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Thanks for your response... true the lots are not great in Cinco.
I did not look at the other communities other than Cinco as it is what i heard of mostly.
For me it feels like I am paying more sometimes, but then it comes to 2-3 $ / sq ft if I compared with others for the same upgrades... so its kind of confusing and sometimes i feel its ok

As for the hard wood floors their charge sounded reasonable. I could have saved $1000 -1500, but didn't feel like doing it as I am no expert in those matters.
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Old 02-17-2012, 09:18 AM
 
Location: Floresville, TX
169 posts, read 365,264 times
Reputation: 113
hire a realtor. IT COSTS YOU NOTHING! they will be able to give you a good answer. Some parts of Cinco will sell for more than other parts. That may be a steal, or you may be getting robbed, depends on a lot. plus likely help you negotiate a better deal....but if you already made the offer do it FAST!
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Old 02-17-2012, 10:37 AM
 
237 posts, read 520,835 times
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We paid about $93 a sq ft for ours last August after discounts. It is on a nice size lot on a cul de sac in the new Cinco Southwest Sec.
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