Recent Posts

Pages: 1 [2] 3 4 ... 10
11
Hmm...bought for $727K three years ago and up for sale for only $800K. After subtracting your fees (most reasonable in the business) not sure the ROI would be Belly approved : ) Oh wait, I forgot, usually you sell them for more than list!

The side yard with the zero lot line seems much bigger than what I saw at Barcelona a few days ago. Looks move-in ready so I'm sure it will sell quickly - you know the normal!

Sold for $706K in 2005 close to the peak - $94K appreciation in 13 years. Goes to show timing is everything!
12
@irvinecommuter:

REX wants you to use their Skynet robot.

Sure...waiting for terminator agents.
13
Economy & Finance / Re: How soon until Bitcoin crashes?
« Last post by Irvinecommuter on Today at 12:06:16 PM »
I'm surprised that bitcoin hasn't completely collapsed...still trading about 3x the value pre-crazy spike.
14
@irvinecommuter:

REX wants you to use their Skynet robot.
15
Economy & Finance / Re: How soon until Bitcoin crashes?
« Last post by irvinehomeowner on Today at 12:03:04 PM »
So price manipulation?

https://www.nytimes.com/2018/06/13/technology/bitcoin-price-manipulation.html

This is why unregulated currency is dangerous.

Tulips anyone?
16
TL:DR....how is this different than what Redfin is doing? 


According to REX website:
“Redfin advertises a 1% -2% seller commission, but unlike REX, Redfin sellers are also responsible for paying the buy side agent commission, because the houses are listed in the MLS. This means that most Redfin sellers end up paying 3.5%-5% in commissions. REX charges a 2% total fee.

REX lists and markets homes outside of the MLS, targeting buyers directly by using Big Data and Artificial Intelligence, so you sell faster, with a licensed agent and much lower fees.”

https://www.rexchange.com/compare/Rf

I see but then why have an agent at all?  Just hire an RE attorney to draft the forms for like $1500.
17
TL:DR....how is this different than what Redfin is doing? 


According to REX website:
“Redfin advertises a 1% -2% seller commission, but unlike REX, Redfin sellers are also responsible for paying the buy side agent commission, because the houses are listed in the MLS. This means that most Redfin sellers end up paying 3.5%-5% in commissions. REX charges a 2% total fee.

REX lists and markets homes outside of the MLS, targeting buyers directly by using Big Data and Artificial Intelligence, so you sell faster, with a licensed agent and much lower fees.”

https://www.rexchange.com/compare/Rf
18
Eh, REX is just trying every strategy it can.

This was the group who would list a house for a super low price on the MLS, only have an open house on one day and then take bids "claiming" the highest one would get the house regardless. Which wasn't true because we tried it once, and the few days after, they would call me with what the current high bid is and then ask me to beat it. That irritated me more than "Best and Final". :)

Your example just proves my point, when you limit showings to buyers you don't end up getting the highest price for the seller. I have this seller in my tract trying the "auction" strategy where he will only show the home during weekend open houses and will be accepting bids until the end of July...

https://www.redfin.com/CA/Tustin/2605-Palmetto-92782/home/4757580

This was the same seller that had listing his home back in July of last year with a dreamer listing price of $1.6m.  After 6+ months, no dice and the home was delisted in Jan 2018.  I bet he and his agent think that they might get close to $1.6m trying this auction/e-bay strategy but it won't work because there just isn't the volume of buyers at that price level in that price range.  The home is probably worth about $1.4-$1.45m and that's only if someone really loves some of the questionable interior upgrades and doesn't mind siding to Tustin Ranch Road.  I hope he gets as much as he can since I have the same exact floor plan.  haha
19
TL:DR....how is this different than what Redfin is doing? 

Also...I don't see many agents charging 6% total anymore...most I see are at 4% total...some are at 3% (2% buyer, 1% seller).
20
Irvine Real Estate / Re: Delano at Eastwood
« Last post by Burn That Belly on Today at 11:54:14 AM »
If people are still buying, then does that constitute evidence that a) price hasn't hit peak and/or b) people are still emotionally-driven.

Let's try to determine why it's still selling. I think that's the million dollar baffling question we all want to know right. How is Brookfield getting away with this?


Pages: 1 [2] 3 4 ... 10

Talk Irvine Links

[Recent Posts]
[FAQ / Rules]

Site Supporters


Related Links

Recent Posts