Author Topic: Where the market is - Buyer Offers  (Read 55176 times)

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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #315 on: August 24, 2021, 06:14:27 PM »
Submitted an offer of $1.6m for this home, no counters sent and just went into escrow so no dice for my buyer.

https://www.redfin.com/CA/Irvine/72-Melville-92620/home/58556348
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Offline Irvinehomeseeker

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Re: Where the market is - Buyer Offers
« Reply #316 on: August 24, 2021, 06:18:45 PM »
wow, market is still red hot in Irvine. Your buyer made 100K offer over listing and yet no counter....may be went for above 1.6 M.  Crazy prices!

That house seemed to be underpriced for today's market at 1.5M considering stonegate location and so close to the Jeffrey Open space trail. Bidding war prompted such high price?

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #317 on: August 24, 2021, 06:23:14 PM »
wow, market is still red hot in Irvine. Your buyer made 100K offer over listing and yet no counter....may be went for above 1.6 M.  Crazy prices!

Either above $1.6m or an all cash offer around $1.6m.  I tell my buyers, go straight to the max right off the bat because there's no guarantees that we'll get a counter.
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Offline Irvinehomeseeker

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Re: Where the market is - Buyer Offers
« Reply #318 on: August 24, 2021, 06:25:43 PM »
Do you think that the house was underpriced for today's market at 1.5M considering Stonegate location and so close to the Jeffrey Open space trail?

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #319 on: August 24, 2021, 06:27:15 PM »
Do you think that the house was underpriced for today's market at 1.5M considering Stonegate location and so close to the Jeffrey Open space trail?

It sure was because 2,500sf homes in that tract have sold for $1.5m or around $600/sf hence our offer straight to $1.6m.
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Online OCLuvr

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Re: Where the market is - Buyer Offers
« Reply #320 on: August 24, 2021, 06:44:09 PM »
Maybe even lower, but cash

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #321 on: August 24, 2021, 07:50:34 PM »
Maybe even lower, but cash

Yup, I've lost out to a few slightly lower all cash buyers this year.  My guess that it'll close over $1.6m as there aren't any true newer 4bd SFRs in this price range.
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Offline Irvinehomeseeker

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Re: Where the market is - Buyer Offers
« Reply #322 on: August 25, 2021, 10:57:19 AM »
Maybe even lower, but cash

Yup, I've lost out to a few slightly lower all cash buyers this year.  My guess that it'll close over $1.6m as there aren't any true newer 4bd SFRs in this price range.

I like the way we now to qualify as "true" SFR!  I noticed that in some EW and SG listing, realtors have incorrectly listed detached condos/ zero lot line homes as SFR in Redfin.

Offline sleepy5136

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Re: Where the market is - Buyer Offers
« Reply #323 on: August 25, 2021, 03:08:07 PM »
I briefly went to EW to check out the hype. Are the homes there actually SFR according to the orange county records? Lots of them look like detached condos with no driveway.

Offline Maserson

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Re: Where the market is - Buyer Offers
« Reply #324 on: August 25, 2021, 03:34:28 PM »
EW has a mix of attached and detached condos, and traditional SFR but the Piedmont tract is the strange SFR with a driveway but no sidewalk. Feels like a larger motorcourt.

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #325 on: August 25, 2021, 07:26:00 PM »
I made an offer of $3.52m on this unicorn which was under priced...no dice as one of the other 15 buyers offered just under $4m all cash.  haha

https://www.redfin.com/CA/Corona-Del-Mar/2-Morro-Bay-Dr-92625/home/4733913
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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #326 on: August 31, 2021, 07:01:58 PM »
My buyer offered $1.581m on this home...no dice again.  Listing said they got an offer materially over $1.6m waiving all contingencies from an LA buyer. 

https://www.redfin.com/CA/Irvine/225-Shelbourne-92620/home/51682172
Martin Mania, CPA
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Offline Goriot

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Re: Where the market is - Buyer Offers
« Reply #327 on: August 31, 2021, 08:27:39 PM »
My buyer offered $1.581m on this home...no dice again.  Listing said they got an offer materially over $1.6m waiving all contingencies from an LA buyer. 

https://www.redfin.com/CA/Irvine/225-Shelbourne-92620/home/51682172

Wow Wow...

Offline Cares

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Re: Where the market is - Buyer Offers
« Reply #328 on: August 31, 2021, 09:25:51 PM »
My buyer offered $1.581m on this home...no dice again.  Listing said they got an offer materially over $1.6m waiving all contingencies from an LA buyer. 

https://www.redfin.com/CA/Irvine/225-Shelbourne-92620/home/51682172

Michael Mei must do the absolute most transactions in Stonegate...he has had so many listings there.

Offline qwerty

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Re: Where the market is - Buyer Offers
« Reply #329 on: August 31, 2021, 09:54:40 PM »
That is a little yard. I would hate to be a buyer right now.

 

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