Author Topic: Where the market is - Buyer Offers  (Read 55169 times)

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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #240 on: May 28, 2021, 12:09:43 AM »
Made an offer on these 2 homes for 2 of my buyers the past few days....

https://www.redfin.com/CA/Irvine/165-Church-Pl-92602/home/4793123

https://www.redfin.com/CA/Yorba-Linda/17091-Regulus-Dr-92886/home/4172607

Haha made an offer on Church as well.

Also offered these:
https://www.redfin.com/CA/Irvine/132-Firefly-92618/home/112729429

https://www.redfin.com/CA/Irvine/23-Shellbark-92618/home/39976841

https://www.redfin.com/CA/Tustin/2604-Brand-Dr-92782/home/4774435

Just got the email from the listing agent on Church...no counter even though my client offered $1.025m.  Did your buyer get it?

We did not get a counter and bid around the same. They are contingent buyers though so I expect it to be quite tough until their home sale closes.

Wonder if they got something around $1.05m
« Last Edit: May 28, 2021, 01:02:47 AM by USCTrojanCPA »
Martin Mania, CPA
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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #241 on: June 05, 2021, 02:43:10 PM »
Put offers on these two homes this week...

This was for my myself, I put in an offer of $2,205,000 and I was the highest offer until they got a last minute offer at $2,230,000 came in 2 hours before the offer deadline and I'm the first back-up buyer.  Home was being sold "as-is" with no repairs and no termite repairs.  I was going back and forth on whether to offer $2,250,000 or not but the home needs a full gut remodel so I opted for $2,205,000 instead.  The search continues for me.

https://www.redfin.com/CA/Irvine/5722-Kingsford-Ter-92603/home/4741419

For one of my clients, I put a full priced offer on this Eastwood detached condo and we signed the seller counter today so we'll be opening escrow on Monday.

https://www.redfin.com/CA/Irvine/52-Gust-92602/home/143912144

Martin Mania, CPA
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mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
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Offline Cares

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Re: Where the market is - Buyer Offers
« Reply #242 on: June 05, 2021, 02:51:00 PM »
Martin experiencing the pain of buyers in today's market. Haha. Looks like a damn nice property though. I can imagine the potential.

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #243 on: June 05, 2021, 02:56:49 PM »
Martin experiencing the pain of buyers in today's market. Haha. Looks like a damn nice property though. I can imagine the potential.

They grossly underpriced the home and got 18 offers.  The next highest offer after mine was around $2.15m so I know I put in a solid bid given where the other single level home is going to closing for that's in escrow now.  Oh well, someone wanted it more than I did.  The longer the time goes by the higher my budget goes so next year I'll be looking in Turtle Ridge.  With remodel and full landscaping work it was going to be around $700-$800k to bring it to where I wanted the home so I didn't want to be in the home for over $3m.
Martin Mania, CPA
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Offline Irvinehomeseeker

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Re: Where the market is - Buyer Offers
« Reply #244 on: June 05, 2021, 04:23:50 PM »
Put offers on these two homes this week...

This was for my myself, I put in an offer of $2,205,000 and I was the highest offer until they got a last minute offer at $2,230,000 came in 2 hours before the offer deadline and I'm the first back-up buyer.  Home was being sold "as-is" with no repairs and no termite repairs.  I was going back and forth on whether to offer $2,250,000 or not but the home needs a full gut remodel so I opted for $2,205,000 instead.  The search continues for me.

https://www.redfin.com/CA/Irvine/5722-Kingsford-Ter-92603/home/4741419

For one of my clients, I put a full priced offer on this Eastwood detached condo and we signed the seller counter today so we'll be opening escrow on Monday.

https://www.redfin.com/CA/Irvine/52-Gust-92602/home/143912144

wow...nice to see EW detached condo go at 1.2 M.

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Offline irvinehomeowner

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Re: Where the market is - Buyer Offers
« Reply #245 on: June 05, 2021, 04:25:35 PM »
Dang... $2.23m for a fixer upper. At least it was 3CWG. :)

Skip Turtle Ridge and do Shady.

Good luck USC... nice to know you are coming back to Irvine. :)
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Offline The California Court Company

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Re: Where the market is - Buyer Offers
« Reply #246 on: June 05, 2021, 05:16:41 PM »
Well certainly I still remember Martin's humble beginning buying a small tract house in West Irvine and now he has been looking at the Turtles. 10 more years he will be looking at Shady Canyon or Newport Coast  ;D
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

"You'll probably be able to buy a 4BR detached home in Quail Hill for $150,000."-IndieDev

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Offline talkirvine

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Re: Where the market is - Buyer Offers
« Reply #247 on: June 06, 2021, 06:43:36 PM »
Put offers on these two homes this week...

This was for my myself, I put in an offer of $2,205,000 and I was the highest offer until they got a last minute offer at $2,230,000 came in 2 hours before the offer deadline and I'm the first back-up buyer.  Home was being sold "as-is" with no repairs and no termite repairs.  I was going back and forth on whether to offer $2,250,000 or not but the home needs a full gut remodel so I opted for $2,205,000 instead.  The search continues for me.

https://www.redfin.com/CA/Irvine/5722-Kingsford-Ter-92603/home/4741419

For one of my clients, I put a full priced offer on this Eastwood detached condo and we signed the seller counter today so we'll be opening escrow on Monday.

https://www.redfin.com/CA/Irvine/52-Gust-92602/home/143912144

Wow, very brave to be a buyer in today's market. What makes you decide to buy in today's market, which we all know is a seller's market. Don't you want to wait until the market cools down? I am just curious to know.

Offline irvinehomeowner

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Re: Where the market is - Buyer Offers
« Reply #248 on: June 06, 2021, 08:32:45 PM »
If you can afford it and can stay long term, you can probably buy whenever you want. :)
Once you go 3-car garage... your junk can never go back.
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Offline Compressed-Village

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Re: Where the market is - Buyer Offers
« Reply #249 on: June 06, 2021, 08:44:17 PM »
There are millions waiting for it to cool down.

And there are hundreds buys before it cool down and the cool down never happen. The people that buy in any market condition are the savy investors. When it cool down, the BANKS are not interested in lending. Money are not easy borrow and unless you keep on stacking those greenback sky high and buy with all cash, the crash will prevent transactions from happenning even if you have balls to buy.

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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #250 on: June 06, 2021, 11:19:24 PM »
Put offers on these two homes this week...

This was for my myself, I put in an offer of $2,205,000 and I was the highest offer until they got a last minute offer at $2,230,000 came in 2 hours before the offer deadline and I'm the first back-up buyer.  Home was being sold "as-is" with no repairs and no termite repairs.  I was going back and forth on whether to offer $2,250,000 or not but the home needs a full gut remodel so I opted for $2,205,000 instead.  The search continues for me.

https://www.redfin.com/CA/Irvine/5722-Kingsford-Ter-92603/home/4741419

For one of my clients, I put a full priced offer on this Eastwood detached condo and we signed the seller counter today so we'll be opening escrow on Monday.

https://www.redfin.com/CA/Irvine/52-Gust-92602/home/143912144

Wow, very brave to be a buyer in today's market. What makes you decide to buy in today's market, which we all know is a seller's market. Don't you want to wait until the market cools down? I am just curious to know.

It's more of an issue for me finding the right unicorn home (single-story with a 3-car garage that has a larger lot in Irvine) and those homes ust don't come to market very often. The next home that I do purchase I plan on living there longer term home so I'm not overly concerned if we get a correction in pricing because I'm buying within my means. I honestly don't believe that you'll see much of a correction, if any, as this feels more like 2013 than 2006.
Martin Mania, CPA
AgencyOne
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mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
Have license, will travel!

Offline zubs

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Re: Where the market is - Buyer Offers
« Reply #251 on: June 07, 2021, 09:23:22 AM »
King crab legs @ Costco is $33.99/ LB now.
It was $28.99/LB in JAN.
It was $19.99/LB in 2010.

Offline Compressed-Village

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Re: Where the market is - Buyer Offers
« Reply #252 on: June 07, 2021, 09:42:40 AM »
Yep, it will need more greens to gets the goods.

Offline zubs

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Re: Where the market is - Buyer Offers
« Reply #253 on: June 07, 2021, 10:05:29 AM »
In 2012 I followed Martin into realestate when he bought his first house in DEC of 2011.
That first house was about $800,000.  Redfin says it's worth $1.4 million now.

Perhaps I should buy another house now Martin is making offers again.

Offline ThirtySomethingWEquity

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Re: Where the market is - Buyer Offers
« Reply #254 on: June 07, 2021, 10:17:55 AM »
King crab legs @ Costco is $33.99/ LB now.
It was $28.99/LB in JAN.
It was $19.99/LB in 2010.

That is some bullshit.  >:(

I'm getting priced out of crab faster than I am Orange County real estate!
« Last Edit: June 07, 2021, 10:33:40 AM by ThirtySomethingWEquity »

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