posted by sportchampps
Update: We ended up with 13 offers. The offer we took was 35k over asking with a 25k appraisal gap. The market in Columbus is insane and would not be fun.
In Dallas. We found two homes. First was listed at 489k but probably would have taken a 530k or more offer and the backyard which had a pool and really nice patio was not permitted, we decided not even to offer on it.
Second home was 475k and we offered 490k asking to keep a few items in the home and they took our offer.
We will be moving to McKinney, Texas in a development called Craig’s Ranch. It’s in a neighborhood on a golf course called TPS Craig Ranch where the Byron Nelson will be played this year.
Congrats, first off.
As someone who just recently bought a house north of Columbus, I agree. Market is insane. Wife and I started looking in August of last year. We knew prices in the DC/ MD/VA area were high, but figured the market would not be as fast in Columbus. Nope. Anything we looked at that we liked online was gone in a matter of days. Houses would be on the market for a total of 3 weeks. We heard and read about all the offers houses were getting.
Thankfully we had a good realtor in the area that steered us away from houses that were likely to get a ton of offers. We initially were looking in the Powell, Worthington, Westerville area, but houses were getting too many offers and into bidding wars, so we expanded our search area further north and east.
We still built in a buffer in our budget to go above asking price and fully anticipated getting in a bidding war. We lucked out in finding our current place 15 min north of 270 near Alum Creek Lake. It is a little off the beaten path, tucked away, so really did not have many offers. We came in at asking price, and was accepted. Still, it was a little higher than we anticipated, but we are glad we were able to find a place.
