Spring is in the air and one would think the home buying season has begun. Not for the Lake Texoma area. The season for buying a home around our beautiful lake has been every season. As we are recently leaving winter so many homes have sold just in winter alone. The prices of homes here will be rising quickly. I know of some families that were able to purchase more than one home here so that they had guest homes for the overflow of their families that will visit.
What’s happening in my neighborhood is astonishing. A home is sold not long after it’s been up for sale! From what I’m finding out in other local neighborhoods, the same thing has been happening. Lake Texoma used to be a place where people would come on weekends only or plan to retire out here and buy a little place to live out their golden years, but not anymore. Families and individuals in the surrounding larger cities are beginning to flock to Lake Texoma not just for weekend retreats, but to make Lake Texoma their fulltime home. For us, we made the choice to move out here fulltime to better our lives. We’re not making the big money, like in the big city but the quality of our life has improved and I feel life is richer because of it.
It used to be that a home would sit for a while before it was sold. I know our home sat for a year before we came along 7 years ago. This is almost unheard of now. A home out here is on the market for a short period of time. And it’s not just the turn-key homes either. This includes homes that need major renovations. What’s developing in our area is amazing by turning an undesirable home into something very desirable. It’s quite stunning to see such a home once it’s complete.
Many of these homes are being purchased and remodeled for investment purposes also. They’ve become rental getaways for weekends, holidays, summer, retreats and etc., because Texomaland has become a popular area to be and these rentals are booked on a consistent basis. It’s an investment either way, whether purchasing a home in this area for rentals or to live in personally.
In my mind, who wouldn’t want to live here! We all know how gorgeous this area is with lake, the wildlife, Hagerman’s, friendly people and a more relaxing environment than a larger city has to offer. There’s been a lot of growth in North Texas and large corporations are relocating all around us. It’s already been in our local news how there is becoming a house shortage. New homes are being built to compensate for the people that are moving up this way.
If you are looking to make Lake Texoma your home, I wouldn’t hesitate if you can. There are still great deals out there for homes for sale; you just need to really search it out. Go take a ride around with a realtor and see what’s out there but don’t forget to check out the undesirables too and see if you can visualize making it your own castle.