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Old 08-11-2018, 11:05 AM
 
14,806 posts, read 18,801,729 times
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Quote:
Originally Posted by Houston321 View Post
Nevada has a better tax structure as there are no State income taxes and low property taxes.
Nevada also has casinos as source of revenue
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Old 08-11-2018, 12:48 PM
 
31 posts, read 18,551 times
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Quote:
Originally Posted by Houston321 View Post
I used to live in Vegas. Here in Houston you have to factor in property taxes, they are outrageous. Just figure on about 3%, where in Vegas you are paying less than 1%. So on a 200K home, that's an extra $500 per month just in taxes. Nevada has a better tax structure as there are no State income taxes and low property taxes.
Yeah, the property taxes here in LV are great! And yes, Houston's property taxes were a very unpleasant surprise.

However...

I am a VA disabled vet (100%). I know that Texas waives property taxes for vets on 100% disability. Although I know it isn't black-and-white and there are stipulations. I am in the process of finding all that out. If in fact I due qualify for the property tax exemption, then my search will definitely widen.
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Old 08-11-2018, 06:36 PM
 
Location: The Greater Houston Metro Area
8,950 posts, read 14,083,351 times
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I represented a buyer in a transaction where the seller was a vet 100% disabled. He paid zero taxes on that house.
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Old 08-11-2018, 08:01 PM
 
31 posts, read 18,551 times
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Quote:
Originally Posted by cheryjohns View Post
I represented a buyer in a transaction where the seller was a vet 100% disabled. He paid zero taxes on that house.
That is exactly what I am trying to find out if I qualify for. Just not sure who to contact for that as I live in Nevada at the moment.
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Old 08-11-2018, 08:14 PM
 
1,090 posts, read 951,782 times
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Why not PM cheryjohns? Sounds like a good lead to me.

Quote:
Originally Posted by mjfraser04 View Post
That is exactly what I am trying to find out if I qualify for. Just not sure who to contact for that as I live in Nevada at the moment.
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Old 08-11-2018, 09:04 PM
 
Location: Houston, TX
8,626 posts, read 16,240,717 times
Reputation: 5932
Quote:
Originally Posted by predatorprey View Post
I looked up that property. The home flooded during Harvey.

What Iíve sort of noticed is homes in this price point are still selling despite the prior flooding for the same or small small discount to prior flooding prices. Difference is home is now more updated.

Gotta be extra careful with previous flooded homes.
Where do you look to see if a specific home has flooded?
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Old 08-11-2018, 11:29 PM
 
8,124 posts, read 5,694,889 times
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Quote:
Originally Posted by txdemo View Post
HAR should require owners to disclose in the description whether and when the property has flooded. It would make searching a lot easier for the buyers.

That said, I'm guessing a completely remodeled nice house right by the bayou like that most likely flooded.
You can usually tell by inference. The houses that didn't flood almost all say that they didn't flood or were high and dry. The ones that did are all "recently remodeled".

The sellers will have to disclose the flood, but you are correct that not stating flooding upfront wastes peoples' time.
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Old 08-12-2018, 08:01 AM
 
Location: plano
5,951 posts, read 7,490,732 times
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Lots of homes not in 100 year flood zone flooded in Harvey. With next to no elevation above sea level in the entire area not flooding in the past is a good fact but not a sure indication of risk of flooding. When a storm sits over one area and rains tens of inch in a short period, most anyplace in the area could be in trouble unless but up on posts as parts of Galveston and gulf coast areas. Factor this risk and cost in to your decision.
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Old 08-12-2018, 11:42 AM
 
112 posts, read 35,805 times
Reputation: 385
Realtors have to, by law, reveal if a house was flooded. I'm not sure the legal say so on posting information online through Zillow, HAR, etc. But when you talk to one directly, they must tell you. Others have commented on taxes, that is a pickle for sure.
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Old 08-13-2018, 03:38 PM
 
Location: Briargrove
26 posts, read 13,455 times
Reputation: 32
What you save on your monthly mortgage you'll lose in gas to get to work and wear and tear on your vehicle (if you don't work from home). Furthermore you property taxes will be more.
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