Farrar Estates · Trading Up
Trading up in Farrar Estates
Sell and buy in the right order, with your numbers worked out first.
Trading up in Farrar Estates for room
Trading up in Farrar Estates is a way to get a lot more house for your move. Homes here often have generous room sizes and lot dimensions, with mature landscaping and traditional streets. For a household leaving a starter home, that extra room can be the whole reason for moving.
The move comes with a choice. Farrar Estates homes range from comprehensively updated to largely original. An updated home costs more and asks less of you after closing. An original home can offer more square footage or a larger lot for the money, with work to plan for.
Then comes the question every move up shares: buy first or sell first? We answer it with your equity and your lender before you start touring.
Why move-up buyers work with Shelby Cotton
I'm Shelby Cotton, a REALTOR® with eXp Realty, LLC in Lubbock. When you trade up, I plan your sale and your purchase together, and the timing between them gets as much care as either price.
In Farrar Estates, my background in architecture and civil design earns its place. I'll help you judge which larger homes have good bones and which only have size. Can the floor plan open up? Is there room on the lot to add on? What will the roof and systems need in the next few years? A bigger house is only an upgrade when the answers work.
Your current home gets evidence-based pricing, careful preparation and a planned launch, with professional photography, video and drone shots where they help, a property website and targeted reach.
Your trade-up plan, step by step
- Know your equity. What your current home is likely to sell for, and what you'll net.
- Talk with your lender early. What you qualify for, and whether your sale must close first.
- Choose updated or original. And put a number on any work you'd take on.
- Prepare and launch your current home. Repairs worth doing, staging and professional media.
- Tour for bones and lot. Layout, lot, systems and potential, with my notes on each.
- Line up the closings. Offer terms and dates written to fit your sale.
The seller side is on how I launch a home, the buyer side on how I help you buy, and the full approach on trading up in Lubbock.
Updated or original: the move-up math
The choice between an updated Farrar Estates home and an original one is a money question and a time question.
The money. Add the price of an original home to a realistic budget for the work you'd do, and compare the total with an updated home of similar size and lot. Sometimes the original comes in lower, with finishes you chose. Sometimes the updated home wins once the work is counted.
The time. Updating a larger home takes months, and living through it has a cost of its own. If your household is busy, move-in ready may be worth more than the savings.
The cash. If you plan to renovate, consider how much of your sale proceeds to put down and how much to keep for the work. Your lender can help you weigh the options.
We'll lay these out side by side before you tour, so you're shopping for the right kind of home from the start.
Selling the home you're moving up from
The equity in your current home is what makes a bigger Farrar Estates home possible, so the sale deserves a real plan. Your buyer is likely weighing your home against others of the same size and age, and small differences in condition and presentation decide which one they choose.
Walk your home the way an inspector would and fix what they'd find. Paint where it's scuffed, clear out enough that each room shows its size and tidy the yard so the first photo is a good one. Most of this costs little and pays back in the offers you receive.
Then we'll time the launch around your purchase. If you need your proceeds to buy, we'll list early enough that the two closings can line up. If you'll renovate your Farrar Estates home, we'll also think about where you'll live while the work happens, because that can change the ideal closing dates on both sides.
Farrar Estates or another step up?
Farrar Estates rewards a move-up buyer who wants space and is comfortable looking past cosmetic finishes. If you'd rather have larger homes around a golf course, compare trading up to Lakeridge. If newer construction matters more than space, look at trading up in Uptown West.
Map out your move
Want to see what your current home could bring and what Farrar Estates would cost all in? Send me a note or call (806) 630-0455. The Farrar Estates guide covers the neighborhood. Move wisely.
Frequently Asked Questions
Is an original Farrar Estates home a good move-up buy?
It can be, if the systems and structure are sound and the price plus the cost of the work you'd do compares well with an updated home.
Should I sell before buying in Farrar Estates?
It depends on your equity, your lender and how much overlap you can carry. We decide the order with real numbers first.
Can I use my sale proceeds for renovation?
Possibly, depending on how you structure the purchase. Talk with your lender about how much to put down and how much to keep for the work.
Farrar Estates
What trading up looks like in Farrar Estates
Space, mature surroundings and the kind of established homes buyers often cannot reproduce in new construction.
- The homes
- Mostly built in the 1970s and 1980s, many in the mid-to-late 1970s. Mature landscaping, traditional streets, generous room sizes and lots. Condition ranges from comprehensively updated to largely original.
- Why people choose it
- Buyers who value mature surroundings, larger traditional homes and the ability to balance purchase price against future improvements.
- Schools people ask about
- Whiteside Elementary, Irons Middle School and Coronado High School are the traditional school names associated with the area. Verify for each address.
- Getting around
- Southwest Lubbock between Slide Road and Frankford Avenue, outside Loop 289, around the 75th to 80th Street corridor.
- Nearby
- The neighborhood park, walking areas and duck pond; shopping and dining corridors close by.
- The trade-off
- Space versus cosmetics. Buyers may get more square footage or a larger lot than new construction offers, but they compare older kitchens, baths and systems against newer homes, and sellers can overestimate how much size makes up for dated finishes.
The method
How I do it in Farrar Estates
Trading Up: keep exploring
Ready to make your move with Shelby Cotton?