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Old 05-15-2012, 12:01 PM
 
Location: Houston
8 posts, read 23,173 times
Reputation: 18

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Hello all, I would appreciate your input. I have navigated the board for a couple of weeks and have finally gotten around to post.

I am looking to make a new home purchase soon. I gave scouted three homes in the Spring Trails (77386) community. They are currently listed at 250k, 260k and 265k; are inventory homes; and have been on the market for 6+ months.

My concerns are; where should I start with my negotiating; and, the area appeared to be hot 2 years ago but appears to have come to a stall (lot of empty lots). I really like the area due to the proximity to the Hardy; I work in the TMC; the Elem school is in the community; and it is quiet. However, I do not want to buy in a place where the values may start an abrupt decline.

The builders are Darling, First Texas, and Perry.

Any input would be appreciated, thanks...
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Old 05-15-2012, 12:53 PM
 
Location: Spring
981 posts, read 2,255,514 times
Reputation: 384
are they homes on HAR.com?
What are the address'?
Are they each from different builders?

I didn't know First Texas was building in Spring Tails. I know they build in Discovery @ Spring Trails and Benders Landing Estates(Under Gallery Custom Homes)
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Old 05-15-2012, 01:05 PM
 
833 posts, read 1,705,773 times
Reputation: 842
IDK, if you don't know what to offer maybe get a Realtor? Have them pull comps, see what other inventory homes have sold for ect ect. If you don't want to go that route then low ball your offer big time and go from there.
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Old 05-15-2012, 01:27 PM
 
Location: Houston
8 posts, read 23,173 times
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My realtor, a friend of a friend, said I should offer a few K (around 5kish) below asking. I think I can get away with a big time low-ball as jtothemak puts it.
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Old 05-15-2012, 01:29 PM
 
Location: Houston
8 posts, read 23,173 times
Reputation: 18
First Texas is in Discovery @ Spring Trails --- thought it was all the same.
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Old 05-15-2012, 01:41 PM
 
688 posts, read 1,068,086 times
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From my experience, inventory homes are very over priced. The builder I'm building my home with tried to sell me a inventory home that's listed at $220k for $205k. I was able to purchase the same home with more upgrades for $195k. First off, ask them what incentives they're offering on a new home and base your price off of that. Try asking for an additional $10k off on top of what it would cost for a dirt build.

A different builder tried to do the same thing to me and sell me a inventory home for more than it would cost to build it. I tried to get an additional $5k-$10k off because of this reason and they rejected it. I really don't know what some of these builders are thinking.
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Old 05-15-2012, 01:54 PM
 
Location: Houston
8 posts, read 23,173 times
Reputation: 18
Interesting... I guess I should "inform" my realtor of this... He is new to this... Hmm, so on a 260k home do you think 205k is a good offer?
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Old 05-15-2012, 02:57 PM
 
Location: Spring
981 posts, read 2,255,514 times
Reputation: 384
give me the info i'm asking.
i can help you.

i was looking in both of those neighborhoods, and am very familiar with them.

you can PM it to me
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Old 05-15-2012, 04:12 PM
 
Location: Austin & Houston, TX
1,461 posts, read 5,307,606 times
Reputation: 424
Quote:
Originally Posted by crjones9 View Post
Interesting... I guess I should "inform" my realtor of this... He is new to this... Hmm, so on a 260k home do you think 205k is a good offer?
Ask your Realtor friend to pull comps.
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Old 05-15-2012, 05:10 PM
 
Location: Spring, TX
847 posts, read 1,628,226 times
Reputation: 650
I don't think the values will decline considering the new Exxon campus coming soon near hardy/45. And also in the future IF they ever finish the parkway . And i don't have much experience on negotiating on homes but 205k seems like a super low blow. I would think 225k offer for a 260k house would be a reasonable low offer... That's just my opinion
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