Author Topic: Buying a House in OC  (Read 4237 times)

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Offline USCTrojanCPA

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Re: Buying a House in OC
« Reply #45 on: January 10, 2019, 03:34:33 PM »
talkirvine, I would recommend you look at Tustin Ranch, Northpark, Northwood Pointe, and Westpark.
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Offline Kenkoko

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Re: Buying a House in OC
« Reply #46 on: January 11, 2019, 01:24:06 PM »
What do you guys think about sending kids to a private school and live rather in Lake Forest or less expensive areas than Irvine? Would the private school tuition kinda even out with Irvine's MR or the higher price tag?

I have a friend that recently bought a house in Lake Forest near Serrano Creek Park. He got a huge lot (over quarter acre) and paid around $250/sqft. He kept his kids in Irvine school by paying someone for a fake lease. He told me that he would be closer to the Cultural Terrance Lake when it gets built than most people who actually live in Irvine and wont have to pay for it.

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Offline irvinehomeowner

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Re: Buying a House in OC
« Reply #47 on: January 11, 2019, 02:25:40 PM »
What do you guys think about sending kids to a private school and live rather in Lake Forest or less expensive areas than Irvine? Would the private school tuition kinda even out with Irvine's MR or the higher price tag?

That's been asked about many non-Irvine cities before.

It just all depends, do you want your kids to go school with the same kids who live around you? Is the private school of choice better than an IUSD school? Is the non-Irvine city you are living in close enough to work, friends and activities?

We even went through this exercise ourselves when looking at Tustin Ranch and Aliso Viejo (just not the private school part).
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Offline shahshah

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Re: Buying a House in OC
« Reply #48 on: January 14, 2019, 01:49:57 PM »
Is this really what is going on?

https://www.zillow.com/irvine-ca/home-values/

Offline Kenkoko

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Re: Buying a House in OC
« Reply #49 on: January 14, 2019, 06:09:24 PM »
Is this really what is going on?

https://www.zillow.com/irvine-ca/home-values/

I wouldn't take any opinion from Zillow seriously.  A flat or declining market will have an impact on their revenue. A downturn would be disastrous for them.

Look at Zillow's stock price. Already down 50% in the past 6 months.

Offline irvinehomeowner

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Re: Buying a House in OC
« Reply #50 on: January 15, 2019, 06:23:06 AM »
Is this really what is going on?

https://www.zillow.com/irvine-ca/home-values/

Haven't you heard?

However lets keep in mind the fact that one can buy 13.5% more house today compared to 6 months ago, even moreso if you consider inflation. 
Once you go 3-car garage... your junk can never go back.
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Offline Kenkoko

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Re: Buying a House in OC
« Reply #51 on: January 15, 2019, 09:53:00 AM »
In case anyone still doubt the slowdown, this Marigold plan 3 in CV just closed today for 930k.

https://www.redfin.com/CA/Irvine/60-Rockcress-92618/home/112722299

This very same plan 3 was closing at 1.05 mil and 1.06 mil just a few months before

This one sold for 1.05 mil
https://www.redfin.com/CA/Irvine/74-Scented-Violet-92620/home/58557049

This one sold for 1.068 mil
https://www.redfin.com/CA/Irvine/55-Hanging-Gdn-92618/home/112719945


Offline Mety

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Re: Buying a House in OC
« Reply #52 on: January 15, 2019, 11:25:59 AM »
Is this really what is going on?

https://www.zillow.com/irvine-ca/home-values/

I wouldn't trust Zillow 100%, but while Irvine might be in Hot status, other cities are all either in Cool or Cold status. Good cities including Irvine could stay warmer longer than other cities, but it is showing that RE business is a bit slower nation wide. It could be seasonal, but we shall see in upcoming months pretty soon. The OP says he recently sold the home which means MAXROI made! Maybe waiting a bit might be a smart move?   



#fepo

Offline Mety

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Re: Buying a House in OC
« Reply #53 on: January 15, 2019, 11:28:59 AM »
In case anyone still doubt the slowdown, this Marigold plan 3 in CV just closed today for 930k.

https://www.redfin.com/CA/Irvine/60-Rockcress-92618/home/112722299

This very same plan 3 was closing at 1.05 mil and 1.06 mil just a few months before

This one sold for 1.05 mil
https://www.redfin.com/CA/Irvine/74-Scented-Violet-92620/home/58557049

This one sold for 1.068 mil
https://www.redfin.com/CA/Irvine/55-Hanging-Gdn-92618/home/112719945

Yes, there is a slowdown for sure. Many other homes in the same tract are being listed less and less than couple months ago. The price is still pretty high, but the trend seems to be going lower in order to sell fast.




#fepo

Offline irvinehomeowner

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Re: Buying a House in OC
« Reply #54 on: January 15, 2019, 01:55:14 PM »
Is it seasonal? :)
Once you go 3-car garage... your junk can never go back.
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Offline meccos12

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Re: Buying a House in OC
« Reply #55 on: January 15, 2019, 06:24:10 PM »
Is this really what is going on?

https://www.zillow.com/irvine-ca/home-values/

This must be what IHO looks at when he questions if there is really a slowdown. 

Offline ucoc

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Re: Buying a House in OC
« Reply #56 on: January 16, 2019, 12:25:58 PM »
So we checked couple open houses from Irvine, Lake Forest and Yorba Linda over the last couple weeks. We will still search more until our rent is almost over, but we found Irvine to be more a friendly place to grow our family or raise children. We’ve been living in Irvine already so that could be why we are feeling this way, but from visiting the open houses experience, we felt more comfortable from Irvine than other areas’. The houses from Yorba Linda and Lake Forest had bigger yards and most of them were single story which was great, but the room layouts felt outdated and the houses needed a lot of work since they were all pretty old. The community felt safer in Irvine to be walking around and go to parks and schools also. The only drawback is the price, but we’ll see where it takes and maybe we might have to sacrifice a little bit on the lot size.

Offline eyephone

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Re: Buying a House in OC
« Reply #57 on: January 16, 2019, 12:42:52 PM »
So we checked couple open houses from Irvine, Lake Forest and Yorba Linda over the last couple weeks. We will still search more until our rent is almost over, but we found Irvine to be more a friendly place to grow our family or raise children. We’ve been living in Irvine already so that could be why we are feeling this way, but from visiting the open houses experience, we felt more comfortable from Irvine than other areas’. The houses from Yorba Linda and Lake Forest had bigger yards and most of them were single story which was great, but the room layouts felt outdated and the houses needed a lot of work since they were all pretty old. The community felt safer in Irvine to be walking around and go to parks and schools also. The only drawback is the price, but we’ll see where it takes and maybe we might have to sacrifice a little bit on the lot size.

Buy what you can afford.

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Offline irvinehomeowner

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Re: Buying a House in OC
« Reply #58 on: January 16, 2019, 12:43:12 PM »
Is this really what is going on?

https://www.zillow.com/irvine-ca/home-values/

This must be what IHO looks at when he questions if there is really a slowdown. 

Where does one look for that 13.5% discount?
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
www.loansbyjw.com

Offline irvinehomeowner

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Re: Buying a House in OC
« Reply #59 on: January 16, 2019, 12:44:33 PM »
So we checked couple open houses from Irvine, Lake Forest and Yorba Linda over the last couple weeks. We will still search more until our rent is almost over, but we found Irvine to be more a friendly place to grow our family or raise children. We’ve been living in Irvine already so that could be why we are feeling this way, but from visiting the open houses experience, we felt more comfortable from Irvine than other areas’. The houses from Yorba Linda and Lake Forest had bigger yards and most of them were single story which was great, but the room layouts felt outdated and the houses needed a lot of work since they were all pretty old. The community felt safer in Irvine to be walking around and go to parks and schools also. The only drawback is the price, but we’ll see where it takes and maybe we might have to sacrifice a little bit on the lot size.

Buy what you can afford.

Agreed.
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
www.loansbyjw.com

 

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