Mentally prepare to offer and pay over asking price and no repairs request.
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Originally posted by BrianL View PostProbably going to be easier finding a house on lot and block than a barndo in that price range. Most barndos are on larger pieces of land of 5-10+ acres. Water, electricity, land, and septic will probably put most at the 100-150 without structure.
Neighborhoods in my area are just insane because of the boom from magnolia and fixer upper garbage.
Holding out hope I find something. But I've only found one in my budget in the last 6 months. And I got outbid by 15k cash. It was a terrible fixer upper that needed about 35-50k work to be liveable.
Also, my budget isn't going up any time soon. I'm a HS teacher/coach. So pay is what it is.
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My wife and I have been putting everything in place over the last 5 years to build our forever home starting next summer. We will be selling our current house next spring then most likely renting. I hope and pray that a year from now prices will be lower, but if not, we will be renting until prices drop some. I feel for anyone who is planning on buying/building right now or in the next few years. Just too many unknowns.
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Originally posted by texan4ut View PostIf you have any remodeling skills then look for a fixer upper. You may qualify for a FHA sweat equity loan as it's called. You get a loan and you fix up the house to cover your down payment etc.
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Originally posted by Flex View PostThat's what I've been looking for. The problem is around Waco people swoop in and pay 150k for a 70k house that needs 60k of work. Then try to sell it at 250k.
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Yep! I just though it was crazy 8 months ago when trying to buy in the area. Everyone I talked to said I was was crazy for putting in an offer from a FaceTime walkthrough but it was the only way we were able to get a house in Robinson. Luckily our realtor was willing to look at the house on a Sunday that was listed late the previous afternoon.
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