Moving to Houston Area and have a few ?’s

[black_ice]

So I’ve been here for 6 months and still haven’t found a place. I’m in a month to month rental in Wrights Landing currently.


Sent from my iPhone using Tapatalk Pro

 

[Lonesome Dove]

That's the type of places the liberal transplants move to. How many Teslas and BMWs are in there? That's not Texas living.

 

[Tnhawk]

So I’ve been here for 6 months and still haven’t found a place. I’m in a month to month rental in Wrights Landing currently.


Sent from my iPhone using Tapatalk Pro

My wife and I spent over a year before finding our current home in Savannah. The location was a few miles from where we had originally desired to locate. Driving times and distances were an easy adjustment to make in retirement. Unfortunately interest rates changed during the time we were searching for a place.

 

[WilyRobin]

My property taxes are downright usurious here in Fulshear, in Cross Creek. And now, homeowners insurance has gone through the roof; it doubled the second year, and increased 150% this year!

Flood zone now! Higher insurance and may become uninsurable!

 

[TipBledsoe]

Seems to be time to reconsider your options.
1) Enlist the assistance of a Realtor.
2) If you’re already doing #1, either the Realtor is not doing their job properly, or you’re not properly communicating your requirements.
3) Look elsewhere in the Houston area.
4) Relax your requirements.
5) Build what you want.
6) Move back to LA.

 

[black_ice]

That's the type of places the liberal transplants move to. How many Teslas and BMWs are in there? That's not Texas living.

Well at least two more considering I have one of each


Sent from my iPhone using Tapatalk Pro

 

[TipBledsoe]

Well at least two more considering I have one of each


Sent from my iPhone using Tapatalk Pro

And you pilot them out and about on public roads, with the windows rolled up and wearing a N95 mask?

 

[black_ice]

And you pilot them out and about on public roads, with the windows rolled up and wearing a N95 mask?

Never can be too safe out there.


Sent from my iPhone using Tapatalk Pro

 

[Tnhawk]

Never can be too safe out there.


Sent from my iPhone using Tapatalk Pro

Might want to get the latest covid booster as the elections are soon.

 

[Polkwright]

My son is a real estate agent and the market is pretty tough right now. Not a lot of inventory. A lot of his clients end up in new construction. But it takes work.

 

[Eli]

My son is a real estate agent and the market is pretty tough right now. Not a lot of inventory. A lot of his clients end up in new construction. But it takes work.

I've been in RE for years, it's a nightmare right now - and about to get a lot worse due to a couple of class action suits and the NAR settlement. You're going to have to pay your own agent, and you're going to need one more than ever!

Eli

 

[Coiled]

I've been in RE for years, it's a nightmare right now - and about to get a lot worse due to a couple of class action suits and the NAR settlement.

Eli

Cliff notes please.

 

[Polkwright]

Cliff notes please.

There was a class-action suit against the NAR and others over the way commissions for buyer agents are controlled. It was deemed unfair to sellers by fixing the buyer's agent commission which the seller pays.

So now, the buyer agent's commission is no longer part of the deal. If you want a real estate agent as a buyer you negotiate their commission directly with that agent. He no longer just automatically gets x%.

Now of course a buyer can include that in his calculations when making offers. Buyers can still ask for cash from the seller at closing to cover it. It just now becomes part of the deal. I suspect there will be some workarounds. Good for sellers. Bad for buyers.

It hasn't really been implemented yet, but they are working on it pretty fast.

That's my basic understanding of it.

 

[smittyb]

Well at least two more considering I have one of each


Sent from my iPhone using Tapatalk Pro

Seems to be time to reconsider your options.
1) Enlist the assistance of a Realtor.
2) If you’re already doing #1, either the Realtor is not doing their job properly, or you’re not properly communicating your requirements.
3) Look elsewhere in the Houston area.
4) Relax your requirements.
5) Build what you want.
6) Move back to LA.

I believe #6 is the best option for everyone.

 

[Eli]

Cliff notes please.

Nationally, the National Association of Realtors has had a longstanding policy that the sellers pays both their agent and the buyer's agent. This was for a variety of reasons, but most importantly it helped buyers have their own advocate in a transaction and lenders historically refused to finance (and sometimes prohibited the buyer paying) the commission.
Here in Texas, it was structured that the seller paid their agent the full commission (typically 6% but negotiable), and the seller's broker would 'split' the commission with the buyer's broker.
Unfortunately, in certain other states, the Listing Agreement stated the seller (not the seller's broker) would pay the buyer's broker, and a bunch of dirtbag lawyers saw the opportunity line their pockets at the expense of consumer protection and advocacy, and sued.

There was a class-action suit against the NAR and others over the way commissions for buyer agents are controlled. It was deemed unfair to sellers by fixing the buyer's agent commission which the seller pays.

So now, the buyer agent's commission is no longer part of the deal. If you want a real estate agent as a buyer you negotiate their commission directly with that agent. He no longer just automatically gets x%.

Now of course a buyer can include that in his calculations when making offers. Buyers can still ask for cash from the seller at closing to cover it. It just now becomes part of the deal. I suspect there will be some workarounds. Good for sellers. Bad for buyers.

It hasn't really been implemented yet, but they are working on it pretty fast.

That's my basic understanding of it.

Buyer's agent commission has always been negotiable, and oftentimes increased to entice buyer's agents to sell properties - which is problematic.
Sellers can still pay a buyer's agent commission, but it is prohibited to say so in the Multiple Listing Service (MLS)!
One of the biggest changes is a Buyer's Representation Agreement is going to be required before a buyer's agent shows a property.

This is ultimately going to hurt consumers, listing agents (which have a smaller workload) are going to keep getting what they've been getting in many markets but buyers are going to want to 'save 3%' by either not having their own agent or using a cheap agent. Problem is, in Real Estate Agency, you get what you pay for! Those of us that are competent and do good work will continue on - although I'm already doing ag land and commercial instead of single-family - and hopefully make a good living.

Eli

 

[Brains]

So I’ve been here for 6 months and still haven’t found a place. I’m in a month to month rental in Wrights Landing currently.

There's a few houses for sale up near me (across the bridge to your North), but they typically get scooped up pretty quickly. I see houses in Benders pop up all the time, but most need updating and don't really warrant the asking price in my opinion. You mentioned early in the thread you're working out near Cypress, you making that commute each day?

 

[black_ice]

There's a few houses for sale up near me (across the bridge to your North), but they typically get scooped up pretty quickly. I see houses in Benders pop up all the time, but most need updating and don't really warrant the asking price in my opinion. You mentioned early in the thread you're working out near Cypress, you making that commute each day?

I’m in outside sales and have to go to Conroe once a week on Monday. Rest of the week I’m in my territory or working from home.

Yeah everything in Benders is also big as shit. The lot prices in Benders at 450k have it out of my price range to build so I’m looking in River Walk in Porter for $200k for an acre.

There’s been a couple in Bender’s but my house hadn’t sold yet. Now that it’s sold I’ve got the equity sitting in a HYS just waiting.

I think I’m going to be in this house for a long time and will want a hidden gun room like I had in my last house so I may be better off building.



Sent from my iPhone using Tapatalk Pro