I'm trying to help my brother in law buy his first home. He's got a loan approval of $400k and has around $150k to put down. He's put offers in 4 times on other homes in Frisco and Carrollton but got beat on all of them even though each was over asking.

Do you guys know of any subdivisions in Frisco, Lewisville, Carrollton, Las Colinas, Richardson, Allen, or Plano where the buying isn't as aggressive or competitive? (I know that might be unrealistic but just wanna double check). He's ok with a older home built in 80s or 90s as long as it's got decent schools and it's not a high crime area.

Has he looked into doing a build? Will be longer to move in, but you can avoid the bidding wars and lock your price in.

He has but the lot costs (lots he knows of) are taking him over his budget. He needs about 2700-3000 sqft of living space. He's very open to building if he can get that sqftage in his budget in the areas listed above.

If you know of lots under $100k please let me know.

That's a pretty large house for a first home (bigger than anything we've had yet for our family of 5).

I haven't lived in Dallas County for years - what he wants is definitely still doable in new builds out west of Fort Worth. Our new build is in that price range in Aledo (2,700 sq. ft, 4 bedroom / 3 bath / 3 car garage on a 10,000 sq. ft lot).

Our neighbor is going to put her home on the market probably in May. Her family (parents then her) have owned the home its entire life. I don't know if he can wait that long though. She just redid the pool deck and put on a new roof. We are around Marsh/Trinity Mills.
Just saw his square footage requirement - the house isn't quite that big.

I know someone who might be interested in that area and in that time frame actually. Would be interested in learning more.

HouseDivided06 said:

---

I know someone who might be interested in that area and in that time frame actually. Would be interested in learning more.

---

You can email me at lesleyhakari @ gmail

SoupNazi2001 said:

---

Castle Hills has some 2500 to 3000 square foot homes in the $500K price range plus or minus $50K. Great neighborhood and schools.

---

I'm unable to see any in that range. Can you shoot me a link or two?

https://www.zillow.com/homedetails/5416-Worley-Dr-The-Colony-TX-75056/60189010_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

https://www.zillow.com/homedetails/2004-Daybreak-Trl-Plano-TX-75093/53076169_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Carrollton has a few also

OP,


This program may help your brother win the bidding war. It is very effective winning assuming the offer price is in the same range: https://hurstlending.com/dominate-loans/dominate-with-a-cash-offer/

I've passed it on to him. Does Hurst do commercial deals too? (For myself)

Got it , ty.

double aught said:

---

This house in my 'hood just went on the market. To me, seems way overpriced at 500k, but maybe it's what he's looking for.


https://www.realtor.com/realestateandhomes-detail/1802-Columbia-Dr_Richardson_TX_75081_M76886-40384

---

I was going to suggest something in Duck Creek too, but I don't think there's many '80s or '90s builds and 3,000 sq. ft would be near the largest in the neighborhood. We love the neighborhood and he should be able to get a house at that price point.

You're right. There are some 80s builds but most are 70s. A lot have been renovated though.

We love Duck Creek. Great neighborhood.

You can find older homes in Colleyville that come close to the lower side of his sq ft requirement for right around that amount. At that price point you'd most likely be buying it from an elderly couple or someone that died and he would probably want some updates, but it might be a good place to look. There are also houses closer to the 2,000 sq ft size that would be under budget and allow him to add square footage and/or completely remodel. Looking back, if I hadn't of been in a rush to move here before school started, I would have done that instead of buying a house that had recently been remodeled. The lots also tend to be much bigger here if they are looking for a little space.

Finding something under $200/sqft is gonna be hard in my opinion.

He needs to be looking out in Wylie as well.

And I don't think he's looking at the right type of "builder".

We're talking a mega builder where you don't buy the lot. You go to a neighborhood with a model home and pick the house like a car on the assembly line. If he has time, this may be better.

However, even this process is super competitive and supply is scarce. Builders have insane wait lists on new phases up here in Prosper.

The same home I built 2 years ago has gone up $500k
In the new phase across the street.

If he can, he needs to wait. Commodity prices have started to sky rocket again with trucker strikes and impending world war 3. sheets of OSB have more than doubled in the last month.

we will look at anything. I would just depend on the property type and location etc.

Have seen a couple in that range in Murphy, too.

jtraggie99 said:

---

YouBet said:

---

AggieFrog said:

---

That's a pretty large house for a first home (bigger than anything we've had yet for our family of 5).

I haven't lived in Dallas County for years - what he wants is definitely still doable in new builds out west of Fort Worth. Our new build is in that price range in Aledo (2,700 sq. ft, 4 bedroom / 3 bath / 3 car garage on a 10,000 sq. ft lot).

---

Problem with Dallas County is school property taxes. Our taxes are as much as our mortgage.

I do not recommend.

---

How much are your school taxes? According to DCAD, the DISD tax rate for last year was at 1.248235. I live in McKinney, but am zoned to Frisco schools. McKinney is at 1.376700 and Frisco is at 1.46. If you look at all schools in Dallas County, only DeSoto, Lancaster, and Richardson are higher than McKinney, and only Lancaster is hire than Frisco at 1.4704. Frisco must have some of the highest in the area.

---

Alot. However, I will move goalposts a little. We also have an additional tax rate for "COLLEGE" that I have always included as overall school rate making it 1.371745 for Dallas. Not sure if your examples above have that. Denton or Frisco does not because I'm looking at my BIL's house. The Frisco ISD tax I'm looking at is 1.267200. Not sure where you get 1.46?

Also, we have another tax line item for Parkland Hospital at .255 and our city tax portion is almost double Frisco's. Thus, I do not recommend living in Dallas County, in general, due to property taxes. That is obviously kind of a given and we knew that by deciding to live here. What I did not realize was that our school taxes were in line or lower than some of the suburbs until you pointed out so learning for me. I just assumed our ISD rates were higher than surrounding burgs.

From a bottom-line perspective, Denton County total tax rate is 1.946886 and Dallas County is 2.637991. Our taxes are 35% more living in Dallas County vs Denton County as one example. I'm guessing that's roughly similar gap for surrounding suburbs.

And then there is Lake Highlands. Dallas County with RISD school tax.

That "denton county tax rate" you quoted is not correct. It depends on what city and isd you live in. Each entity sets there own tax rate. The county is just one of several taxing entities.

Just for example here are all the tax rates in Denton county. so, where you live will effect your actual tax rate: https://www.dentoncad.com/data/_uploaded/45.%202021%20Tax%20Rates%20%26%202021%20Exemptions.pdf

YouBet said:

---

jtraggie99 said:

---

YouBet said:

---

AggieFrog said:

---

That's a pretty large house for a first home (bigger than anything we've had yet for our family of 5).

I haven't lived in Dallas County for years - what he wants is definitely still doable in new builds out west of Fort Worth. Our new build is in that price range in Aledo (2,700 sq. ft, 4 bedroom / 3 bath / 3 car garage on a 10,000 sq. ft lot).

---

Problem with Dallas County is school property taxes. Our taxes are as much as our mortgage.

I do not recommend.

---

How much are your school taxes? According to DCAD, the DISD tax rate for last year was at 1.248235. I live in McKinney, but am zoned to Frisco schools. McKinney is at 1.376700 and Frisco is at 1.46. If you look at all schools in Dallas County, only DeSoto, Lancaster, and Richardson are higher than McKinney, and only Lancaster is hire than Frisco at 1.4704. Frisco must have some of the highest in the area.

---

Alot. However, I will move goalposts a little. We also have an additional tax rate for "COLLEGE" that I have always included as overall school rate making it 1.371745 for Dallas. Not sure if your examples above have that. Denton or Frisco does not because I'm looking at my BIL's house. The Frisco ISD tax I'm looking at is 1.267200. Not sure where you get 1.46?

Also, we have another tax line item for Parkland Hospital at .255 and our city tax portion is almost double Frisco's. Thus, I do not recommend living in Dallas County, in general, due to property taxes. That is obviously kind of a given and we knew that by deciding to live here. What I did not realize was that our school taxes were in line or lower than some of the suburbs until you pointed out so learning for me. I just assumed our ISD rates were higher than surrounding burgs.

From a bottom-line perspective, Denton County total tax rate is 1.946886 and Dallas County is 2.637991. Our taxes are 35% more living in Dallas County vs Denton County as one example. I'm guessing that's roughly similar gap for surrounding suburbs.

---

Yeah, that 1.46 is not right. I was not looking at Collin CAD or my tax statement, I just pulled it off a website (which apparently was incorrect). My overall tax rate where I live is currently at 2.014164. But, as Jay pointed out above, there is no overall total rate per county. It depends on where you live and what entities you pay taxes to. Each city and school district in Dallas County has different rates, same for Denton and Collin counties. And there are other entities that may vary depending on where you live. Also, different entities provide different exemption amounts, so you kind of have to factor that in as well. DCAD (and most CAD's) actually have a tax estimator that helps you calculate based on where you live and property value and what entities you pay taxes to and includes exemptions. I was curious what mine would be for the same value home based on City of Dallas and DISD. My taxes would have been around 11% higher. Change the city and school district though and that changes.

Jay@AgsReward.com said:

---

That "denton county tax rate" you quoted is not correct. It depends on what city and isd you live in. Each entity sets there own tax rate. The county is just one of several taxing entities.

Just for example here are all the tax rates in Denton county. so, where you live will effect your actual tax rate: https://www.dentoncad.com/data/_uploaded/45.%202021%20Tax%20Rates%20%26%202021%20Exemptions.pdf

---

Yeah, I get the in county nuances here but that rate is correct for my BILs house in Denton county. I'm just using the terminology from the website.

Most people I know looking for 450k go to Sunnyvale, Forney, or Royse City. You can't really find 450k in the northern suburbs anymore. I don't even think you can get into little elm in the 450s anymore.