Good value?

[roseball123]

Originally Posted by Rakin

It's a Grand home with Power Lines behind it (double whammy).
It's been on the market about 9 months and been under contract 2 times.

Wonder why the 2 buyers walked on the house ?

I am sure there is more to it than just the builder and power lines especially when the house was under contract 2 times......Home inspection might reveal more facts....

[TurtleCreek80]

Originally Posted by HappyBirds

I'm a buyer not a seller who is trying to move from east side to west side as my new job is in The Colony.

Pros: almost new, 5 minutes from my job, schools are great, loaded with upgrades, near highways, good floor plan
Cons: tiny lot, power lines, unpopular builder, sitting on market for months

Only way to find a newer house with these schools, upgrades and location is to increase the budget or compromise on some flaws. There is no way to stretch my budget so considering to make a low ball offer on this one. Where should I start? My realtor says. $390,000.

$390k offer for a house listed at $414k is NOT a lowball. That's only 6% off list price. If you want to find out if they're desperate, I'd start at 20% off list price.

But seriously- if this house is such a lemon that it hasn't sold in 9+ months in a GREAT real estate market, do you really want to take a chance on it? You can always update an older house, but you can't improve location or a bad lot.

[HappyBirds]

I am looking at older houses too but nice older homes go for top$ in this area because most were custom built on lots 0.25 acre or bigger. We have time until next school year.