WTH...Houston we have a problem

jadeite788 · ‎08-09-2013

Everytime I see a home that I want to go see and think I want to make an offer it gets snatched up before I can even blink. GWEEZ....These homes here in Houston are going fast.

Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750
Take the FICO Fitness Challenge

Beasley12 · ‎08-09-2013

That is why I chose to build....I am in Houston also.

EQ FICO 564 (3/12) Lender pull 673 (4/12) FICO 703 (6/13)
TU FICO 605 (6/12) to FICO 687 (3/13) Lender pull 680 (4/13)
EXP FICO lender pull (4/13) 651
Homeowner since September 2013!

Sunshine85 · ‎08-09-2013

I'm not in Texas, but encountered the same issue. I am also using USDA, which made things even more challenging.

I am now under contract for a new build. I wish I had gone that route last year, instead of wasting time on resales. In that year, prices have gone up, and interest rates have increased. If possible, check out new construction. If you decide to go the new construction route, make sure your realtor has expertise dealing with builders and is comfortable negotiating on your behalf.

jman20013 · ‎08-09-2013

I live in houston (north) and the market is very hot. We also went with new construction and it is going to just get worse due to the Exxon headquarters being built here. Our new house is like 10 min from it.

2/2013 Starting FAKO: EX-574, MyFICO: EQ-560, TU-580
7/15/2013 MyFICO: EX-690, EQ-650, TU-673
(6/2013Lender pulled mid score 669)

kimmiller112 · ‎08-11-2013

I live on Hilton Head Island, SC, which is a small island. The same problem exists here. Everything is going same day as listed, so I decided to build. I didn't want to go off-Island.

Barclays USAir World MC $8300 - DCU $7500 - USAA World MC $7000 - PayPal Extras MC (GE) $5500 - Chase Saphire Preferred $5000 - Discover It $6000 - Barclays Sallie May $2700 - Chase Freedom $1000 - Capital One $8500 (business) - store cards ranging from $500-$9500

BrandedFab · ‎08-12-2013

I, too, live in Houston, and as soon as I bookmark a home on one of the realty websites it's pending a sale a day later. I am also trying the new build route.

gogotexan · ‎08-12-2013

I live in houston too (Humble/Spring area) and will be looking for a house when my lease is up in Feb 2014. I hope sales slow and interest rates come back down by then...however, I do realize that is wishful thinking. Good luck to you!

Starting Scores 11/12/2012 EX - 590, EQ - 584, TU - 601
FICO Scores as of 02/06/2014 EX - 687, EQ - 659, TU - 697
BK 7 Discharged Oct 2010, In my wallet: NFCU VisaSiggy $26K; NFCU GoRewards $10K; NFCU Navcheck $15K; Star Furniture $5K, Conns Credit $7K, GE (Ashley Furniture) $1K, GE (Rooms to Go) $3K, Barclay Arrival MC $3K; PWFCU Visa $2.5K; Cap1 Quicksilver1 $2K; Chase Freedome $500; Cap1 Secured $500

Beasley12 · ‎08-12-2013

Lol....I see quite a few of us are from North Houston....what a coincidence! Are you my neighbor? :-)

EQ FICO 564 (3/12) Lender pull 673 (4/12) FICO 703 (6/13)
TU FICO 605 (6/12) to FICO 687 (3/13) Lender pull 680 (4/13)
EXP FICO lender pull (4/13) 651
Homeowner since September 2013!

goodgirl-badcredit · ‎08-12-2013

It's not just Houston it's EVERYWHERE!!!. Im in GA and have been looking since April. I am really having a tough time but I think I found the one. Fingers crossed.

Starting Score: 3/21 EQ 636 TU 669
Current Score: 12/30 EQ 740 TU 712 EX ??? ....
Goal Score: Yay... I reached my goal of 700!!!

Take the FICO Fitness Challenge