I rented a patio home for three years and I moved out 1.5 years ago. the house went on the market a month after I moved out and has been for sale ever since. The county valued the house at about 100K (a 1500 sq. foot 2 bedroom 2 bath home with a 2 car carport) and the owner started out asking 115K. She went down to 107K and is now at 100K.

My sister is closing on her home tomorrow (she and her husband are first time home buyers). For $140K she is getting a 3146 sq. foot home, 3 bedrooms and two and a half baths, both formals, a 2 car garage, and an addition that includes a 21'x20' efficiency mother-in-law apartment with it's own outside entrance (I'm moving into that), full bath and kitchenette. Oh, and the backyard is on the golf course. Yeah, they are getting a great deal on the house, but it also means that the owner of the first house is asking WAY too much. She's in Atlanta so she really has no idea what the market is like here apparently.

There are some great deals to be had here in Houston at the moment.

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TXBill



Former owner of a few diesel MB cars
1998 Lexus ES 300 In Chicago We Trust