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Thread: Wonderful TX Home Listing lowers price by $51k after only 1 week on market

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08-14-2024, 04:23 AM
#1

Wonderful TX Home Listing lowers price by $51k after only 1 week on market

https://www.zillow.com/homedetails/5...03005533_zpid/

$750k to $699k after only one week of being on market. New price is $183 per sq/ft, which is probably not a lot higher than it would cost to build this home.

TX Homecels on nuclear suicide watch if the current trends hold. I'd imagine this house will probably drop further in price.
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08-14-2024, 07:51 AM
#2
LMAO that house is terrible.

Stone facade on a wood frame home, cheap "builders grade" finishes and bathrooms, chitty appliances, and yard maintained by Catbrah.
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08-14-2024, 07:53 AM
#3
Originally Posted By Clockbro⏩
LMAO that house is terrible.

Stone facade on a wood frame home, cheap "builders grade" finishes and bathrooms, chitty appliances, and yard maintained by Catbrah.
That's a textbook McMansion. MOGGER money doesn't automatically mean MOGGER house.
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08-14-2024, 07:54 AM
#4
I don’t understand why people buy houses without at least an acre. Fook having no land.
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08-14-2024, 07:55 AM
#5
For those unaware, the op is a realtor trying to drum up business since AI is impacting the industry. Avoid clicking on any links to prevent increasing traffic.
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08-14-2024, 08:00 AM
#6
OP is a renter that will never own lol. It's not by choice either
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08-14-2024, 08:09 AM
#7
I just had a coworker sell a home. First day of showing it he had multiple offers up to 10% over asking price. This is in Texas

I wish the market was crashing and rates were dropping, but money printer will keep going brrrrrrr with how things are being ran
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08-14-2024, 08:30 AM
#8
Originally Posted By LateShow⏩
I just had a coworker sell a home. First day of showing it he had multiple offers up to 10% over asking price. This is in Texas

I wish the market was crashing and rates were dropping, but money printer will keep going brrrrrrr with how things are being ran
This. The market right now is a bidding war within 1 day of listing, often times with offers of cash deals or skipping inspections. If someone doesn't have multiple offers within 24 hours, the problem isn't the market… it's you/your property. Keep coping OP.
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08-14-2024, 08:43 AM
#9
yeah that house is over priced even at the reduction. you can buy a better newly constructed house for $500-600k. why by a 20+ year old house at that price
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08-14-2024, 09:14 AM
#10
Originally Posted By 8pieces⏩
yeah that house is over priced even at the reduction. you can buy a better newly constructed house for $500-600k. why by a 20+ year old house at that price
New construction doesn't mean much in real estate. A lot of people do not like new houses. Many will buy a used house and fix any major repairs such as an old water line. Location is important though, as some miscers have said.
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08-14-2024, 09:20 AM
#11
Originally Posted By theory816⏩
New construction doesn't mean much in real estate. A lot of people do not like new houses. Many will buy a used house and fix any major repairs such as an old water line. Location is important though, as some miscers have said.
well this is in frisco way out of dallas and ft worth. so i wouldn't say it's the greatest location. it's a nice location but you could easily get a better house in the same area newly constructed or even move closer to the city
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08-14-2024, 09:37 AM
#12
New builds in 2024, unless done by a well known contractor, are probably built like ****. No one cares anymore and they're just trying to pump out as many houses as quickly as possible.
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08-14-2024, 09:41 AM
#13
I actually was in the Dallas/Plano/Frisco area back in 2022 touring the market.

Frisco seemed like an upper class area (by Texas standards).


But I wasn't really mirin the demographics and the atrocious weather.
Everything I post is satire.
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08-14-2024, 09:42 AM
#14
Originally Posted By DeadlyStriker⏩
New builds in 2024, unless done by a well known contractor, are probably built like ****. No one cares anymore and they're just trying to pump out as many houses as quickly as possible.
Pretty much this. And new houses have no mature trees. This can cause depression for some folks.
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08-14-2024, 09:42 AM
#15
Originally Posted By 8pieces⏩
yeah that house is over priced even at the reduction. you can buy a better newly constructed house for $500-600k. why by a 20+ year old house at that price
A vast majority of new construction homes are ugly on barren land with maybe one tree in the front.
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08-14-2024, 09:47 AM
#16
Originally Posted By MikeLowrrrey⏩
A vast majority of new construction homes are ugly on barren land with maybe one tree in the front.
I talked to a home owner who planted a tree they bought from Home depot. They said it took I believe 15 years to get to its size(which was about 40ft). It was a nice tree though. They love the tree lol. I believe it was a red maple.
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08-14-2024, 10:04 AM
#17
Originally Posted By theory816⏩
I talked to a home owner who planted a tree they bought from Home depot. They said it took I believe 15 years to get to its size(which was about 40ft). It was a nice tree though. They love the tree lol. I believe it was a red maple.
Yeah NO THANKS.

My idea home looks like it has a forest preserve in the back while still being close to the city.


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08-14-2024, 10:07 AM
#18
Originally Posted By theory816⏩
New construction doesn't mean much in real estate. A lot of people do not like new houses. Many will buy a used house and fix any major repairs such as an old water line. Location is important though, as some miscers have said.
Yeah, usually older homes in up and coming neighborhoods have better locations. New homes are in trash subdivisions on the outskirts of cities.
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08-14-2024, 10:09 AM
#19
That house is only 699k?

Not bad not bad, didn't realize demand is so low in texas
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08-14-2024, 10:11 AM
#20
Originally Posted By PrimarisIn⏩
That house is only 699k?

Not bad not bad, didn't realize demand is so low in texas
There’s a ton of new supply in Texas always. In great locations the prices will go up, but in standard locations 15-20 min away from anything they are reasonable.
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08-14-2024, 10:12 AM
#21
Originally Posted By MikeLowrrrey⏩
Yeah NO THANKS.

My idea home looks like it has a forest preserve in the back while still being close to the city.


Nice. I like the aesthetics of "skyrim" trees also.
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08-14-2024, 10:16 AM
#22
Originally Posted By PrimarisIn⏩
That house is only 699k?

Not bad not bad, didn't realize demand is so low in texas
Youre accustomed to Canadian bullchit prices where shacks are 1M.
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08-14-2024, 10:23 AM
#23
Originally Posted By DeadlyStriker⏩
New builds in 2024, unless done by a well known contractor, are probably built like ****. No one cares anymore and they're just trying to pump out as many houses as quickly as possible.
Lol at well known contractor. They're all subbing everything out and even the fanciest homes are being built by guys they picked up in the Home Depot parking lot.
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08-14-2024, 10:29 AM
#24
been seeing a lot of flippers here desperate to offload
https://www.zillow.com/the-woodlands...22%3A%7B%7D%7D
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08-14-2024, 10:31 AM
#25
Originally Posted By stevebec⏩
built by guys they picked up in the Home Depot parking lot.
Not an issue if the job is being monitored by a manager.
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08-14-2024, 10:31 AM
#26
Doesn't matter if it's a well-known contractor if the materials used to build it are both smaller in size and soft / quick growth trees that are barely considered wood by old standards.

Never understood why people want a new build. They're generally full of a ton of issues.
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