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General => Real Estate => Irvine Real Estate => Topic started by: Cares on March 19, 2021, 07:59:13 AM

Title: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Cares on March 19, 2021, 07:59:13 AM
I just got a marketing email about 3 new communities being built by CalPac up in Portola. Floorplans and pricing not available yet though. Here's what they sent out:

Lapis - Townhomes and Stacked Flats. 1172-2083 sqft. 2-4 beds + loft (select plans). 2-4 baths

Regalo - Detached courtyard homes. 2100-2230 sqft. 4 beds + loft (select plans). 3.5 baths

Sierra - Single family homes. 2220-2524 sqft. 3-4 beds + loft. 2.5-4 baths.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: the.irvine on March 19, 2021, 02:12:21 PM
Wondering are these going to be at location, which is above Altair and behind Bluffs.

Nice views.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: USCTrojanCPA on March 19, 2021, 08:29:11 PM
I think the Lapis condos/flats will be that piece of land that is just south of the Portola Pkwy entrance to the toll road.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Dr. CA Real Estate on March 20, 2021, 09:50:40 AM
Surprise announcement on their website. Cal Pacific originally wasn't going to announce till summer 2022.

Wondering are these going to be at location, which is above Altair and behind Bluffs.

Nice views.

No. Those will be a higher priced luxury neighborhoods. These 3 announced by Cal Pacific are at the 241 and Whispering Hills.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: CogNeuroSci on March 23, 2021, 06:44:34 PM
I can't wait for these to arrive!
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Cares on April 01, 2021, 02:13:35 PM
Floorplans are available online now for these homes
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: irviniteeee on April 01, 2021, 04:16:44 PM
Floorplans are available online now for these homes

They look like modified/expanded versions of the tracts they've recently built, in a good way. I was surprised to see Lapis jump from under 1200 square feet right into 2000 just going up one plan.

I like the Regalo plans a lot.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: USCTrojanCPA on April 01, 2021, 07:55:38 PM
I wonder if CalPac will offer broker co-ops for these homes.  haha
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: IrvineRes88 on April 03, 2021, 06:22:43 AM
Will some of these homes have view? Any guess to the pricing?
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: irviniteeee on April 06, 2021, 04:25:36 PM
The Sierra floorplans are now up online.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: irvinehomeowner on April 07, 2021, 12:28:17 AM
I like that Regalo Plan 4, 2 master closets, 1 full and half bath downstairs, vaulted ceilings, huge walk-in pantry and a loft... only thing is it's courtyard.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: irviniteeee on April 07, 2021, 11:23:19 AM
I like that Regalo Plan 4, 2 master closets, 1 full and half bath downstairs, vaulted ceilings, huge walk-in pantry and a loft... only thing is it's courtyard.

I like that plan also. It looks like there's a side courtyard as well as an outdoor space in the front. I think I need to see them in person because I'm trying to visualize how the courtyard works. It juts out quite a bit, but isn't very long. So, is it an end unit with a courtyard against a wall or is there a large amount of space between the homes?
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: eddieuclabruin on April 07, 2021, 12:21:17 PM
Weird...they removed Sierra from their website today.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: GenericIrvineResident on April 07, 2021, 02:15:58 PM
Bet they will all be 900k+
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: toekneechin on April 07, 2021, 05:57:24 PM
The Regalo floor plan is the same layout and floor plans as Talise in PS and Trellis Court in CVE EXCEPT they have been modified slightly and improved with a loft area upstairs. I currently live in a Talise Plan 1 which is similar to the Regalo Plan 2. The improvements are nice and definitely an upgrade to the current layout.

The current Talise Plan 2 is the new Regalo Plan 1. The current Talise 2 doesn't have a loft upstairs and the new Regalo Plan 1 has a similar downstairs and a loft upstairs which is amazing (although the Master bedroom will face a wall so sadly, no views).

Regalo Plan 4 and 3 have the wrap around courtyard which is nice. The Plan 4 has two courtyards which is cool too.

Can't wait to see these. The site on Whispering Hill and the 241 is very, very close to the 241 though.

Talise is sold out now. Definitely slow to start but finished quick and very strong.

Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: irviniteeee on April 07, 2021, 06:16:37 PM
The Regalo floor plan is the same layout and floor plans as Talise in PS and Trellis Court in CVE EXCEPT they have been modified slightly and improved with a loft area upstairs. I currently live in a Talise Plan 1 which is similar to the Regalo Plan 2. The improvements are nice and definitely an upgrade to the current layout.

The current Talise Plan 2 is the new Regalo Plan 1. The current Talise 2 doesn't have a loft upstairs and the new Regalo Plan 1 has a similar downstairs and a loft upstairs which is amazing (although the Master bedroom will face a wall so sadly, no views).

Regalo Plan 4 and 3 have the wrap around courtyard which is nice. The Plan 4 has two courtyards which is cool too.

Can't wait to see these. The site on Whispering Hill and the 241 is very, very close to the 241 though.

Talise is sold out now. Definitely slow to start but finished quick and very strong.

How do you like having a front outdoor space versus a backyard? I wasn't too keen on the courtyard/loggia before, but now I'm starting to like it. I like that it seems relatively spacious and has a completely separate solid gate before you get to the front door.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Dr. CA Real Estate on April 07, 2021, 08:20:55 PM
Junction of Portola Pkwy and Whispering Hills for those trying to find the site on map.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: toekneechin on April 07, 2021, 09:56:36 PM
The Regalo floor plan is the same layout and floor plans as Talise in PS and Trellis Court in CVE EXCEPT they have been modified slightly and improved with a loft area upstairs. I currently live in a Talise Plan 1 which is similar to the Regalo Plan 2. The improvements are nice and definitely an upgrade to the current layout.

The current Talise Plan 2 is the new Regalo Plan 1. The current Talise 2 doesn't have a loft upstairs and the new Regalo Plan 1 has a similar downstairs and a loft upstairs which is amazing (although the Master bedroom will face a wall so sadly, no views).

Regalo Plan 4 and 3 have the wrap around courtyard which is nice. The Plan 4 has two courtyards which is cool too.

Can't wait to see these. The site on Whispering Hill and the 241 is very, very close to the 241 though.

Talise is sold out now. Definitely slow to start but finished quick and very strong.

How do you like having a front outdoor space versus a backyard? I wasn't too keen on the courtyard/loggia before, but now I'm starting to like it. I like that it seems relatively spacious and has a completely separate solid gate before you get to the front door.


I love it. You walk in and there is a nice outdoor space. When I open my bifold doors, it’s like my living room is extended and the indoor/outdoor living space blends nicely. Because it is in the front, we use it a lot more. I go to my neighbors house (Talise plan 2) and they don’t use the backyard. The only think I don’t like is the small island in the Talise 1, but it looks like Regalo 2 fixed that with rotating the island. These floor plans are probably the best ones compared to Montara, Celeste, and Talise.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Prototype on April 08, 2021, 08:19:26 PM
Found the sitemap for this... Looks like there will be alot of homes up there!

https://irvinewatchdog.org/wp-content/uploads/2021/03/ATTACHMENT_1_-_SITE_PLAN.PDF.pdf
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: bluebig on April 11, 2021, 10:15:59 PM
Anyone have thoughts on the area where these homes are going to be located in terms of proximity to 241 (right next door) and more of a fire hazard than other locations?  Is Cal Pac going to take the entire land for development or other developers are going to build?
Also anywhere else that will have new developments in the future? Thanks.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: toekneechin on April 12, 2021, 10:25:49 PM
Check out the site plans

Source Links:
(Single Family)
https://irvine.granicus.com/MetaViewer.php?view_id=&event_id=1775&meta_id=114098

(Condo Triplex)
https://irvine.granicus.com/MetaViewer.php?view_id=&event_id=1775&meta_id=114102

(Condo Cluster)
https://irvine.granicus.com/MetaViewer.php?view_id=&event_id=1775&meta_id=114100
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: the.irvine on April 13, 2021, 01:16:18 PM
Is there any gated community coming in this area or larger homes 5 beds+
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Dr. CA Real Estate on April 13, 2021, 01:23:28 PM
Is there any gated community coming in this area or larger homes 5 beds+
Anyone have thoughts on the area where these homes are going to be located in terms of proximity to 241 (right next door) and more of a fire hazard than other locations?  Is Cal Pac going to take the entire land for development or other developers are going to build?
Also anywhere else that will have new developments in the future? Thanks.

The other neighborhood to be developed in PS is near Altair, those will be larger homes, and possibly gated.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Cares on April 15, 2021, 11:57:28 AM
Cal Pac took down the floorplans of 2 of the new communities here leaving only Lapis. I wonder why.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Coco55 on April 17, 2021, 09:13:51 PM
Is there any gated community coming in this area or larger homes 5 beds+

Any updates on when those will be available?
Anyone have thoughts on the area where these homes are going to be located in terms of proximity to 241 (right next door) and more of a fire hazard than other locations?  Is Cal Pac going to take the entire land for development or other developers are going to build?
Also anywhere else that will have new developments in the future? Thanks.

The other neighborhood to be developed in PS is near Altair, those will be larger homes, and possibly gated.

Oops edited to add my question  ;D

Any updates on when those homes might be released?
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: eddieuclabruin on April 22, 2021, 09:47:12 AM
Sierra's floorplans are back up. Still missing Regalo's.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Dr. CA Real Estate on April 22, 2021, 09:59:07 AM
Is there any gated community coming in this area or larger homes 5 beds+

Any updates on when those will be available?
Anyone have thoughts on the area where these homes are going to be located in terms of proximity to 241 (right next door) and more of a fire hazard than other locations?  Is Cal Pac going to take the entire land for development or other developers are going to build?
Also anywhere else that will have new developments in the future? Thanks.

The other neighborhood to be developed in PS is near Altair, those will be larger homes, and possibly gated.

Oops edited to add my question  ;D

Any updates on when those homes might be released?

I was wondering about that lol. and No afaik
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Irvinehomeseeker on April 22, 2021, 10:59:47 AM
I will wait for Sierra!!
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Dr. CA Real Estate on April 22, 2021, 11:31:14 AM
I will wait for Sierra!!

Ya those Sierra view lots are pretty nice. I was walking them recently
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Irvinehomeseeker on April 22, 2021, 11:41:41 AM
Any guess on Sierra Start prices...1.5M or way more?
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Dr. CA Real Estate on April 22, 2021, 02:31:43 PM
Any guess on Sierra Start prices...1.5M or way more?

Oh geeze its still PS, not in Eastwood or anything. They are targeting low 1m's. Maybe 1.4 for the view lots. Have to see how they model their expected rising build cost.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Irvinehomeseeker on April 22, 2021, 02:54:56 PM
Any guess on Sierra Start prices...1.5M or way more?

Oh geeze its still PS, not in Eastwood or anything. They are targeting low 1m's. Maybe 1.4 for the view lots. Have to see how they model their expected rising build cost.

Hoping it says around 1.4 M. The price hikes in the last 6 months have been crazy.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Kick53rv3 on April 22, 2021, 03:26:32 PM
Any guess how much plan 2 and 3 in Lapis would be? What about the townhomes in Azalea?

Also would the TH and the flats overlap as in another family living above or below you?
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: irviniteeee on April 22, 2021, 10:17:31 PM
Any guess how much plan 2 and 3 in Lapis would be? What about the townhomes in Azalea?

Also would the TH and the flats overlap as in another family living above or below you?

None of the Lapis homes are above or below anyone. The plan 1 is a carriage unit (above garages only). Azalea's flats are definitely above and below if you look at the plans and the exterior rendering.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Prototype on April 23, 2021, 01:32:48 PM
Any guess on Sierra Start prices...1.5M or way more?

Oh geeze its still PS, not in Eastwood or anything. They are targeting low 1m's. Maybe 1.4 for the view lots. Have to see how they model their expected rising build cost.

Don't hate on PS! If IP is selling Bluffs for $1.2M and up to $1.6M for view lots on homes with no driveways, I would think Sierra would be inline with the price jump of Elderberry, starting at $1.4M.  Heck, Cal Pac is selling the last phases of Montara for low $1Ms which is CRAZY to me.

Silverleaf (which was the exact same floorplans and right down the street) started at $660K back in 2016.  The recent increase in demand/pricing lately has been WILD.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Dr. CA Real Estate on April 23, 2021, 02:04:17 PM
Any guess on Sierra Start prices...1.5M or way more?

Oh geeze its still PS, not in Eastwood or anything. They are targeting low 1m's. Maybe 1.4 for the view lots. Have to see how they model their expected rising build cost.

Don't hate on PS! If IP is selling Bluffs for $1.2M and up to $1.6M for view lots on homes with no driveways, I would think Sierra would be inline with the price jump of Elderberry, starting at $1.4M.  Heck, Cal Pac is selling the last phases of Montara for low $1Ms which is CRAZY to me.

Silverleaf (which was the exact same floorplans and right down the street) started at $660K back in 2016.  The recent increase in demand/pricing lately has been WILD.

Realistic not hating. I happen to like PS and have helped people buy in those collections you mentioned.
 
Your comparisons are not valid. Bluffs is not only in last phases but also by IP, which has a much higher starting cost than CalPac. Elderberry is a considerably larger sized collection of homes.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: eddieuclabruin on May 02, 2021, 09:23:54 AM
The website now states "2 new neighborhoods coming to Portola Springs Late 2021" and Regalo is no longer listed on the community list. Looks like the courtyard home community got delayed/pushed back?
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: irviniteeee on June 01, 2021, 04:08:08 PM
I was on the Calpac website again and noticed that Sierra has a plan 2, 2X, and 2Y now. I think before there was only one plan 2. I see the 2X being popular. Calpac is a pioneer in the bonus room/attic game, but now they've added a third floor deck into the mix with it. I can't wait to see if they decide to model that one. 
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Irvinehomeseeker on August 15, 2021, 12:03:30 AM
Any guess on Sierra Start prices...1.5M or way more?

Oh geeze its still PS, not in Eastwood or anything. They are targeting low 1m's. Maybe 1.4 for the view lots. Have to see how they model their expected rising build cost.

Don't hate on PS! If IP is selling Bluffs for $1.2M and up to $1.6M for view lots on homes with no driveways, I would think Sierra would be inline with the price jump of Elderberry, starting at $1.4M.  Heck, Cal Pac is selling the last phases of Montara for low $1Ms which is CRAZY to me.

Silverleaf (which was the exact same floorplans and right down the street) started at $660K back in 2016.  The recent increase in demand/pricing lately has been WILD.

Realistic not hating. I happen to like PS and have helped people buy in those collections you mentioned.
 
Your comparisons are not valid. Bluffs is not only in last phases but also by IP, which has a much higher starting cost than CalPac. Elderberry is a considerably larger sized collection of homes.

With the recent run up in prices and IP selling Highlands at 1.5M+, any guesses on how much Sierra would debut at? I am guessing high 1.5M for the smallest plan.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: USCTrojanCPA on August 15, 2021, 10:19:11 AM
Any guess on Sierra Start prices...1.5M or way more?

Oh geeze its still PS, not in Eastwood or anything. They are targeting low 1m's. Maybe 1.4 for the view lots. Have to see how they model their expected rising build cost.

Don't hate on PS! If IP is selling Bluffs for $1.2M and up to $1.6M for view lots on homes with no driveways, I would think Sierra would be inline with the price jump of Elderberry, starting at $1.4M.  Heck, Cal Pac is selling the last phases of Montara for low $1Ms which is CRAZY to me.

Silverleaf (which was the exact same floorplans and right down the street) started at $660K back in 2016.  The recent increase in demand/pricing lately has been WILD.

Realistic not hating. I happen to like PS and have helped people buy in those collections you mentioned.
 
Your comparisons are not valid. Bluffs is not only in last phases but also by IP, which has a much higher starting cost than CalPac. Elderberry is a considerably larger sized collection of homes.

With the recent run up in prices and IP selling Highlands at 1.5M+, any guesses on how much Sierra would debut at? I am guessing high 1.5M for the smallest plan.

Expect pricing to be in the mid-to-high $500/sf for the Sierra homes.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Leahinom on August 20, 2021, 12:11:39 AM
I just got a marketing email about 3 new communities being built by CalPac up in Portola. Floorplans and pricing not available yet though. Here's what they sent out:

Lapis - Townhomes and Stacked Flats. 1172-2083 sqft. 2-4 beds + loft (select plans). 2-4 baths

Regalo - Detached courtyard homes. 2100-2230 sqft. 4 beds + loft (select plans). 3.5 baths

Sierra - Single family homes. 2220-2524 sqft. 3-4 beds + loft. 2.5-4 baths.


Here we go. That’s why. Great marketing post here to promote their new projects. Everything makes sense now! It’s too obvious...
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Cares on August 20, 2021, 07:00:30 AM
I just got a marketing email about 3 new communities being built by CalPac up in Portola. Floorplans and pricing not available yet though. Here's what they sent out:

Lapis - Townhomes and Stacked Flats. 1172-2083 sqft. 2-4 beds + loft (select plans). 2-4 baths

Regalo - Detached courtyard homes. 2100-2230 sqft. 4 beds + loft (select plans). 3.5 baths

Sierra - Single family homes. 2220-2524 sqft. 3-4 beds + loft. 2.5-4 baths.


Here we go. That’s why. Great marketing post here to promote their new projects. Everything makes sense now! It’s too obvious...

Oh geez, you sound disgruntled. Why don't you go get a lawyer and sue CalPac and Irvine Company while you're at it.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: msuum on September 13, 2021, 01:06:09 PM
Just heard from sales at Lapis, they are not offering broker co-op for this community.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: always_looking on September 13, 2021, 02:56:47 PM
Just heard from sales at Lapis, they are not offering broker co-op for this community.

Sorry noob here. What does that mean? And are both lapis/sierra sales offices open now? Hoping to tour soon.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Cares on September 13, 2021, 03:48:54 PM
Just heard from sales at Lapis, they are not offering broker co-op for this community.

Sorry noob here. What does that mean? And are both lapis/sierra sales offices open now? Hoping to tour soon.

Many new home communities offer a referral fee ("commission") to agents that bring their clients.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: irvinehomeowner on September 13, 2021, 04:19:30 PM
Market too hot... no need for referral fees. :(
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: sleepy5136 on September 13, 2021, 04:26:02 PM
Market too hot... no need for referral fees. :(
more like corporate greed. the exact reason why liberals hate capitalism.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: iacrenter on September 13, 2021, 05:30:42 PM
"Greed is good"
--Gordon Gekko, Wall Street 1987


Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: sleepy5136 on September 13, 2021, 05:42:09 PM
"Greed is good"
--Gordon Gekko, Wall Street 1987


greed is what led to the financial crisis in 2008.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Mety on September 13, 2021, 06:18:05 PM
While I would love to get part of the referral fee myself if I were to buy a new home, I'm not sure if it's greed on their end. It's just a business. The same reason you would sell your home at higher prices now than last year. Also they're not really entitled to give any money to anyone. It's been like a bonus for both the realtor and the buyer.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: sleepy5136 on September 13, 2021, 06:29:53 PM
While I would love to get part of the referral fee myself if I were to buy a new home, I'm not sure if it's greed on their end. It's just a business. The same reason you would sell your home at higher prices now than last year. Also they're not really entitled to give any money to anyone. It's been like a bonus for both the realtor and the buyer.
Definition of greed: intense and selfish desire for something, especially wealth, power, or food.

Not giving out commission as your policy and never changing it is different than "oh let me see how hot the market is to determine whether to give commission or not". We can agree to disagree.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Mety on September 14, 2021, 12:04:34 PM
While I would love to get part of the referral fee myself if I were to buy a new home, I'm not sure if it's greed on their end. It's just a business. The same reason you would sell your home at higher prices now than last year. Also they're not really entitled to give any money to anyone. It's been like a bonus for both the realtor and the buyer.
Definition of greed: intense and selfish desire for something, especially wealth, power, or food.

Not giving out commission as your policy and never changing it is different than "oh let me see how hot the market is to determine whether to give commission or not". We can agree to disagree.

So what about when the market is not so hot? They usually raise those commissions fees. Would you rather reject the increased amount?
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: fatduck on September 14, 2021, 12:37:47 PM
the only point of the referral fee is to increase profits by bringing in more business.  i assume they've calculated that they make more money this way.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: sleepy5136 on September 14, 2021, 02:45:20 PM
While I would love to get part of the referral fee myself if I were to buy a new home, I'm not sure if it's greed on their end. It's just a business. The same reason you would sell your home at higher prices now than last year. Also they're not really entitled to give any money to anyone. It's been like a bonus for both the realtor and the buyer.
Definition of greed: intense and selfish desire for something, especially wealth, power, or food.

Not giving out commission as your policy and never changing it is different than "oh let me see how hot the market is to determine whether to give commission or not". We can agree to disagree.

So what about when the market is not so hot? They usually raise those commissions fees. Would you rather reject the increased amount?
That's a good question actually. TBH I think the commission structure is outdated. With the internet available to people, RE agents are going to become less favorable if it's coming from the seller/builder. There needs to be a fundamental change in how RE agents get paid. Builders can technically factor that in when listing a home.

FYI I'm not here discounting the excellent RE agents out there that do fantastic jobs for their clients. But with data all over the place, I really don't feel like sellers should be paying 4%+ on a given transaction.

Another thing I think needs to be redesigned is the offer process. I know some people may not like this idea but I do think offers should be transparent to every single buyer that is interested in the house. The way it's currently done gives room for a lot of shadyness in deals and can really screw the buyers/sellers. Why not have a live session for all interested buyers that are interested in the property to have a bidding session? With covid, have a zoom session.

TLDR: The current home buying/selling process needs to be changed :)
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: btcETH on September 14, 2021, 04:15:08 PM
IMHO, if the builder lower down the price for the new house, by the amount of commission the builder gives to agent, it is a good idea right? That way if the buyer decides to bring an agent, he literally choose to pay his own money to raise the selling price.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Mety on September 14, 2021, 04:42:07 PM
We might have gotten too deep on different subjects.

For Broker Co-op in new builds, it was nice referral fees that the builder gives to the buying agent if he/she brings a client to purchase the home. We all know that agent really does nothing after showing the model homes. The whole process is up to the buyer to sign and go through all the necessary steps to finish closing the contract. Knowing all that, nice agents would split that fees with the client, but there is no "law" that the agent has to share some percentage to the client. The same way for the builder. They don't have any enforced regulations that they need to give that co-op fees to the realtor they bring. When the market is hot, buyers can just walk-in themselves without bringing in their agents since there is no co-op fees anyways. When the market is cold, the builder would try to increase the co-op fees so realtors can bring in their clients. I think it's just as simple as that. It's just a business and marketing in my mind. But if you see it as greed, then it is greed in your world.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: sleepy5136 on September 14, 2021, 05:08:18 PM
We might have gotten too deep on different subjects.

For Broker Co-op in new builds, it was nice referral fees that the builder gives to the buying agent if he/she brings a client to purchase the home. We all know that agent really does nothing after showing the model homes. The whole process is up to the buyer to sign and go through all the necessary steps to finish closing the contract. Knowing all that, nice agents would split that fees with the client, but there is no "law" that the agent has to share some percentage to the client. The same way for the builder. They don't have any enforced regulations that they need to give that co-op fees to the realtor they bring. When the market is hot, buyers can just walk-in themselves without bringing in their agents since there is no co-op fees anyways. When the market is cold, the builder would try to increase the co-op fees so realtors can bring in their clients. I think it's just as simple as that. It's just a business and marketing in my mind. But if you see it as greed, then it is greed in your world.
That is literally the definition of corporate greed... Doing business does not mean allowing a buyers agent to get a $0. Maybe you don't care because you're not the agent. But I do not think an agent should get $0. You mentioning agents do "nothing" after showing clients the model home is hilarious. I'll love to see an agents opinion in this forum about that. I'm 100% sure it's not greed in my world. Go ask realtors about this and see their thoughts.

Maybe you're fine as a buyer that an agent doesn't get paid for new construction homes, but what if you were the agent representing the buyer? Maybe you'll really do "Nothing" since you're not getting paid ;)
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Mety on September 14, 2021, 05:58:02 PM
We might have gotten too deep on different subjects.

For Broker Co-op in new builds, it was nice referral fees that the builder gives to the buying agent if he/she brings a client to purchase the home. We all know that agent really does nothing after showing the model homes. The whole process is up to the buyer to sign and go through all the necessary steps to finish closing the contract. Knowing all that, nice agents would split that fees with the client, but there is no "law" that the agent has to share some percentage to the client. The same way for the builder. They don't have any enforced regulations that they need to give that co-op fees to the realtor they bring. When the market is hot, buyers can just walk-in themselves without bringing in their agents since there is no co-op fees anyways. When the market is cold, the builder would try to increase the co-op fees so realtors can bring in their clients. I think it's just as simple as that. It's just a business and marketing in my mind. But if you see it as greed, then it is greed in your world.
That is literally the definition of corporate greed... Doing business does not mean allowing a buyers agent to get a $0. Maybe you don't care because you're not the agent. But I do not think an agent should get $0. You mentioning agents do "nothing" after showing clients the model home is hilarious. I'll love to see an agents opinion in this forum about that. I'm 100% sure it's not greed in my world. Go ask realtors about this and see their thoughts.

Maybe you're fine as a buyer that an agent doesn't get paid for new construction homes, but what if you were the agent representing the buyer? Maybe you'll really do "Nothing" since you're not getting paid ;)

Yeah, let's hear from RE agents in this forum. What do you guys do after you go to the first showing with your clients to the new constructions? After signing that you rep your client, any more hands on works you guys are involved?

I guess there are some agents who really care about their client and give honest opinions and whatnot, but I'm talking about actual works like dealing the prices for the buyer, fighting any contingent status, getting the inspections done in a right way, and etc. These things, the buyer has to deal with directly for new builds as opposed to buying resales as you know well.

Also many people actually do go to the models homes without any agents. They directly work with the builder from the get go. There's been no co-op at all for such cases no matter how the market is doing. Increase and decrease of the broker co-op is completely up to the builder themselves. Again this is my own humble opinion.

Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Cares on September 14, 2021, 11:32:25 PM
My clients basically still ask me to review all the documents and ask their general home purchasing questions. I help coordinate home inspections and will be at the home inspection with them. I'm usually more hands on though because I will usually be doing the mortgage loan so I am much more involved through the process.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: abhinata on September 15, 2021, 11:35:59 PM
My question slightly off topic from RE greed. Do we know if IP is going to be building new community by the Highland pool/Altair area? Or some other builder? Highland is selling like crazy with view lots and internal both building faster than year ago. I am interested in new floor plan from IP in that area. Any insights into when and who could build there? Thanks
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: USCTrojanCPA on September 15, 2021, 11:50:22 PM
There's a lot more involved for me than just signing in most of my new home buyers to the new home developments.  With the majority of buyers, we look and make offers on resale homes while keeping the new home as a plan B.  Both the buyers that only want to buy new and ones that look at resale homes, I help them through the options process, refer them lenders/contractors/inspectors/etc, discuss with them the various loan options (fixed vs. ARM vs. interest-only ARM), and talk about any tax matters. 

Given that the market is so hot and since CalPac's new Cypress Village condos are selling well without providing a broker coop, they'll continue that practice until the market cools off at which time they'll bring the broker coop back (we saw this with iPac with Laguna Altura when those homes were first released).  Even with offering the broker coop, I've venture to guess that less than half of buyers bring an agent with them to register because they are not aware of the broker coop and the rules that they need to bring an agent with them on their first visit to the sales office.  I've had dozens of people over the years who have contacted me to register with them after they've already given their names to the builders but I tell them the builder won't allow for it as I didn't accompany them on their first visit to the sales office. 
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Prototype on September 17, 2021, 11:22:56 AM
My question slightly off topic from RE greed. Do we know if IP is going to be building new community by the Highland pool/Altair area? Or some other builder? Highland is selling like crazy with view lots and internal both building faster than year ago. I am interested in new floor plan from IP in that area. Any insights into when and who could build there? Thanks

I've been wondering about this also... Looks like it's graded and ready to go. Maybe it will be a Highland extension? Here's the sitemap for it...
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: abhinata on September 17, 2021, 04:14:27 PM
My question slightly off topic from RE greed. Do we know if IP is going to be building new community by the Highland pool/Altair area? Or some other builder? Highland is selling like crazy with view lots and internal both building faster than year ago. I am interested in new floor plan from IP in that area. Any insights into when and who could build there? Thanks

I've been wondering about this also... Looks like it's graded and ready to go. Maybe it will be a Highland extension? Here's the sitemap for it...

Thats a good guess since it is already close to Highland pool. The existing lots are building out faster with 3/4 crews working at the same time. I am thinking it might be officially announced later in the year or early 2022.

How about KB homes Elderberry extension? The lot seems to be bigger here to justify a highland community..
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: Irvinehomeseeker on September 17, 2021, 04:56:47 PM
Just heard from sales at Lapis, they are not offering broker co-op for this community.
none for Sierra homes as well.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: trematix on September 18, 2021, 01:03:38 PM
anyone have lot size info for Sierra
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: USCTrojanCPA on September 18, 2021, 02:50:55 PM
anyone have lot size info for Sierra

No, but they will be small.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: yanger312 on September 21, 2021, 11:41:29 AM
Hello!

I stumbled on this forum by accident researching the new stuff in Portola Springs. Would anybody perchance have a good contact for Cal Pacific? I've tried the number listed but without an extension I end up at the general voicemail T_T. Definitely not holding my breath for a callback on that voicemail.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: akula1488 on September 21, 2021, 01:33:48 PM
You just need email or fax them with a picture like this.
(https://content.api.news/v3/images/bin/a3320f9bc32670b209dcf166a64381d4)


Hello!

I stumbled on this forum by accident researching the new stuff in Portola Springs. Would anybody perchance have a good contact for Cal Pacific? I've tried the number listed but without an extension I end up at the general voicemail T_T. Definitely not holding my breath for a callback on that voicemail.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: yanger312 on September 21, 2021, 02:33:03 PM
You just need email or fax them with a picture like this.
(https://content.api.news/v3/images/bin/a3320f9bc32670b209dcf166a64381d4)


Hello!

I stumbled on this forum by accident researching the new stuff in Portola Springs. Would anybody perchance have a good contact for Cal Pacific? I've tried the number listed but without an extension I end up at the general voicemail T_T. Definitely not holding my breath for a callback on that voicemail.

LOOOLLLLLL. Fantastic.
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: trematix on September 21, 2021, 02:54:56 PM
You just need email or fax them with a picture like this.
(https://content.api.news/v3/images/bin/a3320f9bc32670b209dcf166a64381d4)


Hello!

I stumbled on this forum by accident researching the new stuff in Portola Springs. Would anybody perchance have a good contact for Cal Pacific? I've tried the number listed but without an extension I end up at the general voicemail T_T. Definitely not holding my breath for a callback on that voicemail.

Cal Pac - "thats all?"
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: CLB_srA on September 21, 2021, 07:59:27 PM
Market too hot... no need for referral fees. :(

So if someone went to an agent and said, hey help me buy from CalPac in this brand new neighborhood, the agent would most likely tell them politely to screw off lol?
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: USCTrojanCPA on September 21, 2021, 09:50:13 PM
Market too hot... no need for referral fees. :(

So if someone went to an agent and said, hey help me buy from CalPac in this brand new neighborhood, the agent would most likely tell them politely to screw off lol?

Sure most agents will do that but that's because they are short sighted.  I'll work with my clients if they want to buy at the CalPac communities even if I don't make any commission.  It's good karma and it's good for long term business with more repeat and referral business.  The real money is made with building a working relationship with clients, not on any single individual transaction. ;)
Title: Re: 3 New California Pacific Communities in Portola Springs Late 2021
Post by: sleepy5136 on September 21, 2021, 11:23:26 PM
Market too hot... no need for referral fees. :(

So if someone went to an agent and said, hey help me buy from CalPac in this brand new neighborhood, the agent would most likely tell them politely to screw off lol?

Sure most agents will do that but that's because they are short sighted.  I'll work with my clients if they want to buy at the CalPac communities even if I don't make any commission.  It's good karma and it's good for long term business with more repeat and referral business.  The real money is made with building a working relationship with clients, not on any single individual transaction. ;)
amen to this.
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