From Robinson Team Real Estate:

riverrataggie said:

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5 dollars.

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I'll get back to you with a counter....I've told my clients I'm encouraged that you didn't start at 1 dollar. I think you're showing your hand...you like this one!

Multiple Offers!

I don't even know where Anna and Princeton is.

I'm going to need a miracle (it would seem) to find a home two teachers could afford somewhere within a reasonable commute from Prosper schools where we work. Tired of our rent money going out the window but don't want to get ourselves under a ridiculous mortgage. This market is just insane for middle class familes.

Under Contract with many offers...

Market is CRAZY!

Teacher_Ag said:

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I'm going to need a miracle (it would seem) to find a home two teachers could afford somewhere within a reasonable commute from Prosper schools where we work. Tired of our rent money going out the window but don't want to get ourselves under a ridiculous mortgage. This market is just insane for middle class familes.

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Happy to have a phone call and put a strategy together if you don't already have an agent.

We had two Buyers go under contract this weekend. It's tough to buy right now, but we typically find a way.

Stick with it and put the word out there with your Prosper community.

I have friends and family that work in the district. A good friend of ours that works in the district just got an off-market house in Celina for ~$200/sqft in a good neighborhood. Found out through the Prosper community and they "won" because they were a family of educators vs. a higher bid from an obvious investor.

The market in the tollway corridor ain't changing.

For reference, a new phase in our neighborhood just opened (in prosper). Exact same floor plan was starting at $635k in early 2020. Now? $1.15MM.

Teacher_Ag said:

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I'm going to need a miracle (it would seem) to find a home two teachers could afford somewhere within a reasonable commute from Prosper schools where we work. Tired of our rent money going out the window but don't want to get ourselves under a ridiculous mortgage. This market is just insane for middle class familes.

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Would Sherman or Denison be too far of a commute? Housing is cheaper up that way.

Yeah that's a hell of a daily commute as early as some schools start. That's the scenario we will desperately try to avoid.

Teacher_Ag said:

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Yeah that's a hell of a daily commute as early as some schools start. That's the scenario we will desperately try to avoid.

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Going out that far runs you into the supply demand curve in the other side… there's WAY less supply of homes out there for you to inhabit, even though there's a ****pile of lands. People think that all that land is for sale and being developed - NOPE.

Building out that far takes time for an opportunity to arise.

Highland homes isn't building a 600 home community in Howe, as much as everyone wishes they would and then charge $350k for a house on .33 acres.

One thing people can't fathom right now is home prices aren't so much dictated my land value as they used to be… although that is driven up by the supply shortage making location that much more of a premium.

Homes in Prosper weren't selling for $275/sqft two years ago. It's not that all of a sudden everyone realizes that "hey! The tollway is rolling right through here and it's going to be 121/DNT in 10 years"

I the actual cost to build (and replace) homes has sky rocketed. Lumber went CRAZY again last week. OSB is back up to over $45/sheet.

It was $22 in early January. When the cost to frame a house goes from $50k to $150k due to commodity priced materials… there's not much you can do to defend against it.

Just gotta hope the counties don't **** us on property tax valuations because of this commodity pricing issue.

We just all should known and be aware that the CAD and the Tax Assessor will be coming for everyone hardcore.

Wide angle lens working overtime!

Teacher_Ag said:

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I'm going to need a miracle (it would seem) to find a home two teachers could afford somewhere within a reasonable commute from Prosper schools where we work. Tired of our rent money going out the window but don't want to get ourselves under a ridiculous mortgage. This market is just insane for middle class familes.

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So you might not like this answer - but you probably need to look at jobs in other ISDs. There is no magic location in the great white north that everyone has missed.

There are good ISDs, like Mansfield, Arlington and Burleson, where you can find places to buy that, while still too much, aren't sick like Prosper, Aubrey, etc.

Red Pear Luke said:

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We just all should known and be aware that the CAD and the Tax Assessor will be coming for everyone hardcore.

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I am preparing my butthole come April 1st.

I wouldn't mind it so much if we could actually deduct it on taxes! $10k max, FFS.

AL is building specs in our hood and emailing the top 10 customers on a waiting list. Whichever one sends in the highest bid gets the house.

House down the street from me just sold for over a mil and was moved into 2 years ago for less than half of that. Insane.

duck79 said:

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AL is building specs in our hood and emailing the top 10 customers on a waiting list. Whichever one sends in the highest bid gets the house.

House down the street from me just sold for over a mil and was moved into 2 years ago for less than half of that. Insane.

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I wonder where these people are going? tennessee? deep south? I wouldn't mind pocketing 400k in less than a year but I guess we'd have to go live in a trailer somewhere.

You're in Star Trail right? same here.

Work colleague of mine is building in the new Highland 86's to the south. He has a Highland home in Frisco that he paid $650k 6-7 years ago. He's basically building the same FP up here and estimates it'll be $1.4mm all said and done.

Yea same neighborhood. We could pocket over 600k now after moving in Dec of 19 but where do we go. We don't really want to move the kids out of Prosper since they have friends and sports going and inventory here is non existent.

shoot, 600k? Mexico!

I'm so jealous of the people that were first in on those 86's around the park years and years ago.

I'm sure people thought they were crazy spending 500k on a 4,500 sqft house sitting on a 0.4 acres in Prosper.

Some of those nice ones could go for $1.5mm I bet.

I really regret not moving out here sooner and jumping on some of those houses out near gentle creek on 1-2 acre lots that were going for 750-800k just a few years ago. Sitting on a gold mine.