Comps in the Housing Market

[futureofandhra]

prices etu  nundi taggayi 

infact prices r higher still

 

[Sonu_Patel]

6 minutes ago, ForEverJava said:

Even a small difference like facing could lead to 50k to  80k difference in pricing as no body interested in South face house if it's inventory home been on market for few months builders usually guiding huge discounts on South facing so they can finish neighborhood and move on to next phase etc..

good point.. If the South facing home is sold for 600k for example.. 

Are you saying the appraiser would come an valuate the house with same floor plan which is facing the East for $650k to $680k ? That will never gonna happen.

Appraiser do not care about the facing of the house.. It was all driven buy our choices, during the last 2 year the crazyness was all due to remote job and lower interest rates. 

[ForEverJava]

7 minutes ago, Sonu_Patel said:

good point.. If the South facing home is sold for 600k for example.. 

Are you saying the appraiser would come an valuate the house with same floor plan which is facing the East for $650k to $680k ? That will never gonna happen.

Appraiser do not care about the facing of the house.. It was all driven buy our choices, during the last 2 year the crazyness was all due to remote job and lower interest rates. 

U are only talking from appraisal and refi point of view am talking about point of view of purchasing home..if u understand take it or else leave it..

[shaktimaan]

38 minutes ago, ForEverJava said:

no body interested in South face house if it's inventory home been on market for few months

ante Dallas burbs lo only desis are buying homes that too east facing ante padi sache janam

[ForEverJava]

4 minutes ago, shaktimaan said:

ante Dallas burbs lo only desis are buying homes that too east facing ante padi sache janam

Not just east facing many ppl in my circle prefer either north or north east and west facing and prefer corner lots for sake of having spacious backyard and future pool and gazebo construction ..pure east face is a like fire in texas can't handle so much sun in summers 

[Sonu_Patel]

20 minutes ago, ForEverJava said:

U are only talking from appraisal and refi point of view am talking about point of view of purchasing home..if u understand take it or else leave it..

Purchase chesetapudu .. appraisal step untadi ga.. 

I am saying appraiser valuate chesetapudu facing ki valuation undadhu antunna.

[ForEverJava]

4 minutes ago, Sonu_Patel said:

Purchase chesetapudu .. appraisal step untadi ga.. 

I am saying appraiser valuate chesetapudu facing ki valuation undadhu antunna.

Ippudunna interest rates ki andaru 200 to 400k cash down minimum unnavallaku pharak padadu in case of low appraisal value  ..but yeah single income ppl with zero backup funds will definitely struggle if appraisal comes low..

[shaktimaan]

2 minutes ago, ForEverJava said:

Not just east facing many ppl in my circle prefer north east and west facing and prefer corner lots for sake having spacious backyard and future pool and gazebo construction ..pure east face is a like fire in texas can't handle so much sun in summers 

akkada snow undadu kabatti vaallaki south facing value teliyatle

mine is south facing and  never shovel my driveway, it just melts on its own

[Aquaman]

4 minutes ago, Sonu_Patel said:

Purchase chesetapudu .. appraisal step untadi ga.. 

I am saying appraiser valuate chesetapudu facing ki valuation undadhu antunna.

appraisal value thakuva vasthe. builder will not reduce price. contract lo clear mention chestharu its buyer responsibilty, out of pocket pettali diff amount.   

[ForEverJava]

3 minutes ago, shaktimaan said:

akkada snow undadu kabatti vaallaki south facing value teliyatle

mine is south facing and  never shovel my driveway, it just melts on its own

Yeah my previous home in dallas south facing I also did not had to shovel but saw in north facing guys struggled to shovel in dallas..buy from resale point of view in difficult markets selling south facing will be harder..2021 and 2022 being exception

 

Recently been to Denver Co akkada market inka darungam ga undi lennar type low quality houses being sold for 800 to 900 in 3500 sft with small yards like townhomes enti ante not a huge inventory of newer homes in good school district neighborhoods like Erie CO and Parker CO

[KothaKurrodu]

1 hour ago, ForEverJava said:

Houses with good neighborhoods still being  listed at in between 850 to 900k going under contract in  week ..

 

 

https://www.redfin.com/TX/Celina/1746-Ellington-Dr-75009/home/173553629

 

 

This is Prosper ISD and light farms community. Home also has lot of upgrades. 

[ForEverJava]

1 minute ago, KothaKurrodu said:

This is Prosper ISD and light farms community. Home also has lot of upgrades. 

Heard atleast 5 bids came and owner took 50k offer above listing price since its premium lot with pond view. .

[KothaKurrodu]

1 minute ago, ForEverJava said:

Heard atleast 5 bids came and owner took 50k offer above listing price since its premium lot with pond view. .

Yeah agree. Fun part enti ante premium lot ki extra. If you go to east coast, you get spacios backyards without premium. Backside home lekunte premium lot in Dallas

[shaktimaan]

10 minutes ago, ForEverJava said:

Recently been to Denver Co akkada market inka darungam ga undi lennar type low quality houses being sold for 800 to 900 in 3500 sft with small yards like townhomes enti ante not a huge inventory of newer homes in good school district neighborhoods like Erie CO and Parker CO

I live in Denver, trust me Parker is not that good. I agree on new houses with literally no backyards and they're calling it courtyards and the reason I bought an inventory home. Desi santha mottam moving to Parker

Overall, Denver is an expensive market

[yemdoing]

1 hour ago, Sonu_Patel said:

Someone I know bought a home for $750k last year which was around 3500 sft.. 

recently the same square footage home sold for $650k in the same community..

monna recent gathering lo comps taggithey refinance ki valuation raadhu antunnaru mana telugu tejams.. 

No one is doing Over bids in this current market with Higher Interest rates.. House prices correction at least 10-15% taggey chances kanpaduthunnae..

Not a very news for Home owners but prospective home buyers Ki Good Opportunity to hedge the Higher home price markets.

 

 

750 vs 650 is not a huge difference. 
 

send me the exact home address and I am

sure I can find why they are prices like that . Simple upgrades , facing , age of home , flooring , front elevations can easily take 650 home to 750 . 
 

and yes refinance will be there , but on the value of the home at that time and they will grow another 100k for sure by the time of refinance (2025)