Author Topic: Buying a House in OC  (Read 5396 times)

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Offline ucoc

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Buying a House in OC
« on: December 28, 2018, 11:56:56 AM »
We've currently sold our condo in Irvine and are now renting until we find a good 3 bed SFR house in OC. Any recommendations? Our budget is $700,000 to $800,000 depends on the tax and HOA amount. Irvine would be our first choice, but it's almost impossible to find a good SFR in that budget unless the price keeps going down upcoming years.

Our priority lists are
a) SFR
b) Yard
c) Good schools
d) Less tax with hopefully no HOA

We've looked into Yorba Linda, Aliso Viejo and Fullerton areas. Yorba Linda looked the best so far because of the bigger land space, a good community vibe overall and also it has a toll road access for my commute. The location seems good also since we go up north often for family gatherings. I also like Northwood and West Irvine areas for they meet our lists, but again the price is almost too high.
Any comments would be appreciated.

Offline akkord

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Re: Buying a House in OC
« Reply #1 on: December 28, 2018, 12:14:07 PM »
At your price range, with no HOA/MR, and a yard, look in the El Camino tract, that's your best bet, it'll be older and most likely a fixer upper.  Anything bigger/nicer/newer will unfortunately be out of your price range.

Offline irvinehomeowner

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Re: Buying a House in OC
« Reply #2 on: December 28, 2018, 12:15:54 PM »
Personally I don't like Yorba Linda... too hot and that 91 commute can be bad.

I do know people who live there and love it.

You say SFR which I agree is very hard if not impossible to find in Irvine at your price range... but that depends on size? 2BR too small? 3BR or 4BR?

Redfin says there are some 3BRs for around $800k.
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Online aquabliss

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Re: Buying a House in OC
« Reply #3 on: December 28, 2018, 01:47:09 PM »
I lived the first half of my life in Yorba Linda and the second half of my life in Irvine.  Irvine is far superior but you get what you pay for.  I didn't know any better when I was living in Yorba Linda so ignorance was bliss and it was just fine growing up.  I lived on culdesac and would frequently play with neighborhood kids in that area on the street, not as likely in Irvine. 

It's funny, living in Yorba Linda, you think Anaheim Hills is the "rich area".  Now living in Irvine, Anaheim Hills is a significant step downwards and you strive for Turtle Rock, Hidden Canyon, Newport Beach... All a matter of perspective I suppose.

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Offline Soylent Green Is People

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Re: Buying a House in OC
« Reply #4 on: December 28, 2018, 03:57:52 PM »
If you can wait it out, perhaps the prices will come to your budget. There are a few 3/2/SFR Detached Irvine homes out there for example:

https://www.redfin.com/CA/Irvine/42-Appomattox-92620/home/4783413

I wouldn't write off some of the areas with Mello Roos and or an HOA. I'm in Rancho and our Mello Roos is about a year or so away from being extinguished. The HOA helps keep up some of the appearances and landscaping. I find it well worth the $$$ we're paying for some of the amenities, but also realize everyone has different feelings about HOA's.

A great number of home owners took their properties off market in December to keep out the "lookie-loos" I'd expect many to return in January. Here's one that was pulled in my area - 200 yards from a good elementary school - expected to relist soon. The sign was never pulled out of their front yard. BTW Don't put too much faith in the crappy photo's. I believe they were from the prior listing in 2005.


https://www.redfin.com/CA/Rancho-Santa-Margarita/43-Colorido-92688/home/5115667


Have your Agent cull for you all of the "hold, do not show's" and "delisted" during December. See if any of these fit the bill. Hopefully when they come back on the market, they will also be at a more realistic price.

My .02c

SGIP

« Last Edit: December 28, 2018, 04:04:26 PM by Soylent Green Is People »

Offline ucoc

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Re: Buying a House in OC
« Reply #5 on: December 28, 2018, 09:23:02 PM »
At your price range, with no HOA/MR, and a yard, look in the El Camino tract, that's your best bet, it'll be older and most likely a fixer upper.  Anything bigger/nicer/newer will unfortunately be out of your price range.

I do love El Camino houses especially the single floor ones. The only concern from my wife was there was a train railroad in the middle of that area. It would be nice if anyone lives there lets us know the train sound is not much really an issue.

Offline ucoc

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Re: Buying a House in OC
« Reply #6 on: December 28, 2018, 09:56:59 PM »
Personally I don't like Yorba Linda... too hot and that 91 commute can be bad.

I do know people who live there and love it.

You say SFR which I agree is very hard if not impossible to find in Irvine at your price range... but that depends on size? 2BR too small? 3BR or 4BR?

Redfin says there are some 3BRs for around $800k.

Thanks for the weather and the traffic information. I’ll keep an eye on those before we make a decision.

We prefer at least 3BR with a good size yard and unfortunately those are hard to come by in Irvine from what we’ve seen. We did see some in Northwood and West Irvine. That’s why I’ve mentioned in the post, but most of them had big streets behind. I guess there is no perfect house.

Offline ucoc

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Re: Buying a House in OC
« Reply #7 on: December 28, 2018, 10:04:16 PM »
I lived the first half of my life in Yorba Linda and the second half of my life in Irvine.  Irvine is far superior but you get what you pay for.  I didn't know any better when I was living in Yorba Linda so ignorance was bliss and it was just fine growing up.  I lived on culdesac and would frequently play with neighborhood kids in that area on the street, not as likely in Irvine. 

It's funny, living in Yorba Linda, you think Anaheim Hills is the "rich area".  Now living in Irvine, Anaheim Hills is a significant step downwards and you strive for Turtle Rock, Hidden Canyon, Newport Beach... All a matter of perspective I suppose.

I appreciate for sharing your personal experience. In what sense Irvine is more superior? You said playing with neighborhood kids were frequent in Yorba Linda but not as likely in Irvine. Doesn’t that make Yorba Linda more a friendly place?

Online eyephone

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Re: Buying a House in OC
« Reply #8 on: December 28, 2018, 10:10:54 PM »
I lived the first half of my life in Yorba Linda and the second half of my life in Irvine.  Irvine is far superior but you get what you pay for.  I didn't know any better when I was living in Yorba Linda so ignorance was bliss and it was just fine growing up.  I lived on culdesac and would frequently play with neighborhood kids in that area on the street, not as likely in Irvine. 

It's funny, living in Yorba Linda, you think Anaheim Hills is the "rich area".  Now living in Irvine, Anaheim Hills is a significant step downwards and you strive for Turtle Rock, Hidden Canyon, Newport Beach... All a matter of perspective I suppose.

I appreciate for sharing your personal experience. In what sense Irvine is more superior? You said playing with neighborhood kids were frequent in Yorba Linda but not as likely in Irvine. Doesn’t that make Yorba Linda more a friendly place?

Just sit on the bench and wait it out.
« Last Edit: December 28, 2018, 11:23:26 PM by eyephone »

Offline ucoc

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Re: Buying a House in OC
« Reply #9 on: December 28, 2018, 10:14:24 PM »
If you can wait it out, perhaps the prices will come to your budget. There are a few 3/2/SFR Detached Irvine homes out there for example:

https://www.redfin.com/CA/Irvine/42-Appomattox-92620/home/4783413

I wouldn't write off some of the areas with Mello Roos and or an HOA. I'm in Rancho and our Mello Roos is about a year or so away from being extinguished. The HOA helps keep up some of the appearances and landscaping. I find it well worth the $$$ we're paying for some of the amenities, but also realize everyone has different feelings about HOA's.

A great number of home owners took their properties off market in December to keep out the "lookie-loos" I'd expect many to return in January. Here's one that was pulled in my area - 200 yards from a good elementary school - expected to relist soon. The sign was never pulled out of their front yard. BTW Don't put too much faith in the crappy photo's. I believe they were from the prior listing in 2005.


https://www.redfin.com/CA/Rancho-Santa-Margarita/43-Colorido-92688/home/5115667


Have your Agent cull for you all of the "hold, do not show's" and "delisted" during December. See if any of these fit the bill. Hopefully when they come back on the market, they will also be at a more realistic price.

My .02c

SGIP

Yes, we will have to wait a bit since our rent is up to late 2019. We should start looking more seriously soon though since it may take months to find and remodel and completely move in. Hopefully there will come more homes in our budget. We did see that Appomattax one. We liked everything except it was backing Trabuco. But it was nice that no home was behind. I thought it was sold already, but looks like it’s relisted.

Online eyephone

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Re: Buying a House in OC
« Reply #10 on: December 28, 2018, 10:25:27 PM »
I guess this is for conversational purposes since you are looking to buy late 2019.

Offline ucoc

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Re: Buying a House in OC
« Reply #11 on: December 28, 2018, 10:35:53 PM »
I guess this is for conversational purposes since you are looking to buy late 2019.

We might need to buy ahead for various reasons. The escrow would take 1-2 months. If we need to remodel, that’s another month or two depends on the condition of the home. And if we buy a brand new home, we would have to buy about 6 months ahead. So I think it would make sense to start looking soon.

Online eyephone

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Re: Buying a House in OC
« Reply #12 on: December 28, 2018, 10:55:01 PM »
I guess this is for conversational purposes since you are looking to buy late 2019.

We might need to buy ahead for various reasons. The escrow would take 1-2 months. If we need to remodel, that’s another month or two depends on the condition of the home. And if we buy a brand new home, we would have to buy about 6 months ahead. So I think it would make sense to start looking soon.

The question is buy now or buy later or sit and wait.

Offline Rizdak

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Re: Buying a House in OC
« Reply #13 on: December 29, 2018, 10:34:18 AM »
Yes, we will have to wait a bit since our rent is up to late 2019. We should start looking more seriously soon though since it may take months to find and remodel and completely move in. Hopefully there will come more homes in our budget. We did see that Appomattax one. We liked everything except it was backing Trabuco. But it was nice that no home was behind. I thought it was sold already, but looks like it’s relisted.

For what it’s worth as someone who’s lived next to a busy Irvine road... traffic and noise only get worse as the county expands. Just something I would reconsider if I could go back 10 years.

Offline superbobbay

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Re: Buying a House in OC
« Reply #14 on: December 29, 2018, 01:54:48 PM »
This house has a nice yard, but right next to the 405.

https://www.redfin.com/CA/Irvine/17201-Chestnut-92612/home/4708590

The SFR homes in 700-800k range typically are next to the freeways or train tracks. That Appomattox house is pretty close to the freeway also. Some studies done living within 500 meters of a freeway and your health problems increase quite a bit. If you have small children playing outside a lot, I would worry about that.



 

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