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.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.
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Flood zone now! Higher insurance and may become uninsurable!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!
That's the type of places the liberal transplants move to. How many Teslas and BMWs are in there? That's not Texas living.
And you pilot them out and about on public roads, with the windows rolled up and wearing a N95 mask?Well at least two more considering I have one of each
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And you pilot them out and about on public roads, with the windows rolled up and wearing a N95 mask?
Might want to get the latest covid booster as the elections are soon.Never can be too safe out there.
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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!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.
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.Cliff notes please.
Well at least two more considering I have one of each
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I believe #6 is the best option for everyone.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.
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.Cliff notes please.
Buyer's agent commission has always been negotiable, and oftentimes increased to entice buyer's agents to sell properties - which is problematic.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.
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?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?
Well I’ve looked all over and I just keep coming back to Bender’s Landing and having an acre vs having someone on top of me.
Looking to sign a contract on a house in the am so wish me luck
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Before buying a suburban home check your commute times, length & duration, plus the actual times of day you’ll be commuting.
The commute difficulty may vary tremendously depending to the precise time of day one is enroute.
A story: Years back a colleague lived out South of Richmond and worked in the Med Center. He learned that he could leave home an entire hour later, but get to work just a few minutes later.
I went to a dentist out Katy who worked evenings. At 5:00PM, it would tame me 90 minutes to get there. Going back around 9:00PM, the same trip was 15”.
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