It’s so subjective! Compared to other places being able to buy a new construction house for 300k is astonishing but there’s no denying how much more expensive is has become to live in Dallas!

This is how I feel about Tradition! They’re small with not a ton of history but the quality seems to be top notch!

Thanks!

Interesting! I’m not sure I’d say there is ever a perfect time to buy a house across the board. I think there are some great opportunities but you need to go into it with a plan and a whole lot of data. 👍

Forney definitely has bad traffic with construction going on, but Princeton is off 75 which has heavy traffic in the mornings and evening.

@@patrecem.9523 I have also hears Forney has a train and bad traffic in the city. Also, I hear North Dallas is where all the investments are going. Thoughts?

Yes, both have many less than desirable things in common. They have traffic issues plus massive amounts of 300-400k houses. I like the model of buying the smallest house in the best neighborhood and that’s hard to do in either Princeton or Forney.

@@jonb740 yes I wouldn’t recommend any move to Forney unless they work from home. It’s to much going on and it will be years before that construction is completed. Most of the new construction in north Texas as bylaws that they can’t be rented in most of the new subdivisions but others are up for grabs. You really just have to ask when looking so you don’t get in a STL neighborhood. I advise all to stay away from any area on west end of 380. Major construction for years and towns are fighting it, so who know how long that will go on. Ex Aubrey, Little Elm, Crossroads

Don’t worry about the traffic. The city will expand the freeways in a few years.

Well said!

Anytime! I’m glad it was helpful!

Lavon schools are very poor. If school ratings are important you could definitely do better!

Sure! No one’s ever asked me that before! 😂

Great question! It’s original list price.

It is very different!

Thanks for the tip!

It’s inconsistent but there is definitely opportunity if you look!

Yikes! I think a lot of people feel that way!

Thank you so much!

@@WendyPannell Absolutely 💯

Yes, even when done 💯correct at closing, if the seller had a property tax exemption and the buyer does not - the buyer will receive an end of the year bill of the full amount. The new buyer owner must know to fight this at the cad level!

Great insight! Thanks for the tip!

Unfortunately I think that’s a very common opinion!

Very true!

Anytime! I’m glad it was helpful!

Anytime! I hope it was helpful!

Yes, I sure can!

Pretty sad how many builders dance around the taxes.

So true!

Thanks for the input. I’ll have to check that channel out!

This is such excellent input. Thank you for sharing. There are several builders that use Zip. Thank goodness!

Zip ply is a good product if you want to go OSB. That said it can be more expensive than raw plywood and plywood has the same permeability as zipply without the WRB layer. Best would be plywood with WRB.

@@tylerfreres2385 Not true. The Zip seams are taped with Zip tape which tenaciously sticks to the green Zip WRB layer to seal out air and water. If you don't tape plywood, no air and water protection at seams. Tape won't easily stayed stuck to plywood and a house wrap like Tyvek is a joke due to installers stapling, not completely detailing the fabric to all areas (especially window openings), and rips caused by installers or wind rips making this WRB worthless for all areas. You could use OSB or plywood as sheathing and use a self stick WRB to address air/water at seams but what's the point when Zip does this in one product?

Window openings are the biggest problem areas for sealing and there is no easy way to do this with traditional WRBs like Tyvek, especially in the corners. Zip tape with their stretch tape makes sealing all sheathing openings easy and permanent. I did a lot of research and spent my career managing a large building engineering group as an executive for a chemical manufacturer and have a good understanding of chemistry and material science before building our new home last year. Zip was the best choice for sealing the house envelope without breaking the bank. Exterior insulation is code here and Zip-R fit the bill perfectly.

Both! It depends on what you’re looking for. My goal is to alert you to the potential pitfalls that can come with either choice.

We’ll add it to the list!

Sure can!

Nice! 1.9% is nothing to sneeze at!

@@WendyPannell That's the good part about borderline communities (Prosper/Celina & McKinney) like Aster Park & Highland Lakes - you get lower tax rate of Mckinney and great school district of Prosper. But the bad part is that you are not close to either Prosper/Celina shopping areas or McKinney shopping araes.

Anytime! I hope it was helpful!

There’s a lot of truth to that!

Very true. I use the term “Dallas” to collectively refer to the entire metroplex because it is definitely a prevalent issue.

All very good points!

I took a quick look at Ntreis Trends and it’s up by .6%. So, up a bit but not by much!

It’s hard to say not seeing the contract but your Realtor needs to beTeam You!

Agreed! Excellent advice!

I remember that! We had a subdivision close to our neighborhood that built a handful of houses then the developer/builder went bankrupt. Those few houses sat for years. I would say if you’re concerned about that happening in the present you want to explore cause. The events in 2008 were not precipitated by an election, they were caused by toxic loans and mortgage companies going insolvent. Developers and builders operate in a leveraged model. Explore the factors behind that leverage. What would cause them to go bankrupt? In 2008 it related to mortgagees not paying, mortgagors going bankrupt and a credit crisis. I don’t see those factors saturating our market like they did in 2008. You do make an interesting comment about developers though. What is your information source for developers having issues selling lots? I would be very interested in pursuing that further!

@@WendyPannell it’s looking like it could be way worse than 2008s bad loans. Majority of Americans who listen to CNN and MSNBC about Bidenomics working will figure it out too late. Less full time jobs more multiple part time jobs(DoorDash/starbucks/Amazon flex More expensive food and energy Record credit card debt Banks taking huge commercial hit Auto Repos up Bankruptcy filings trending up Insurance up Property tax up Worst unaffordability of all time when you compare average income to average single family home Condos are pretty much worthless now with high HOA dues and mismanagement of dues Most Retail is down 20 to 35% depending on type They say that 90% of Americans are 1 emergency away from foreclosure and or bankruptcy. This is just half of the reasons we’re waiting till after election. Kamala says Bidenomics is the best economy of all time though. I’d like to see how many government funded full time jobs were created since Trump left office 😆

Wendy has a bunch of shorter than 20 minutes videos. This is just their weekly live stream.

Thanks Karen!

Thanks!

I have no idea what this means but ok then! 😅

I’m sure that could be arranged with some of these older homes!

@@WendyPannell Yes unfortunately I own one. Fox and Jacobs 1973. My big mistake.

Anytime! I hope it was helpful!

Hi Earl, it is directly off the contract they sent us. The contract is recent - within the past month.

@@WendyPannell My contract looks totally different from the one you presented.

@@earlwhitaker2269 If you are already under contract I would be sure to save it where you'll always have it. It has not been long that the state of Texas allowed a six year structural warranty. A builder's contract should be uniform for every buyer unless they have revised them and the sales consultant accidentally used an outdated one. The fact yours is more generous (if that is what you are saying) is notable and desirable. You mentioned you weren't sure where I obtained my information. I always, always use source documents. When I do a contract review I always get the contract straight from the builder or a builder representative. If it's a website source I always quote it.

There’s so much truth to that! Just being aware and knowing what to look for.

Excellent insight, thanks for sharing!

Interesting! That’s good to know. Where did you obtain this information from?

I own one. Drive by the homes they are building.

Definitely some concerning contract clauses for sure