Author Topic: Where the market is - Buyer Offers  (Read 61381 times)

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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #270 on: June 20, 2021, 10:08:42 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

Oh come on! That Kingsford Ter situation really sucks. I love that tract too. Maybe you'll find another one up there!

Just wasn't meant to be.  I will keep an eye out open for any other interesting listings in Quail Hill, Turtle Rock, and Turtle Ridge. 
Martin Mania, CPA
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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #271 on: June 20, 2021, 10:09:24 PM »
I made an offer for one of my buyers on this listing tonight...

https://www.redfin.com/CA/Irvine/22-Rising-Sun-92620/home/5959132
Martin Mania, CPA
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Offline akula1488

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Re: Where the market is - Buyer Offers
« Reply #272 on: June 20, 2021, 10:49:42 PM »
I made an offer for one of my buyers on this listing tonight...

https://www.redfin.com/CA/Irvine/22-Rising-Sun-92620/home/5959132

Looks underpriced by $100k at least. True newer SFR for under 1.1 million in Irvine?

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #273 on: June 21, 2021, 09:06:10 AM »
I made an offer for one of my buyers on this listing tonight...

https://www.redfin.com/CA/Irvine/22-Rising-Sun-92620/home/5959132

Looks underpriced by $100k at least. True newer SFR for under 1.1 million in Irvine?
I made an offer for one of my buyers on this listing tonight...

https://www.redfin.com/CA/Irvine/22-Rising-Sun-92620/home/5959132

Looks underpriced by $100k at least. True newer SFR for under 1.1 million in Irvine?

The listing agent definitely underpriced it given that 64 Rising Sun recently closed for $1.132m.  Not sure it's $100k under priced but I guess we'll find out soon enough.

https://www.redfin.com/CA/Irvine/64-Rising-Sun-92620/home/5958994
Martin Mania, CPA
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Offline iacrenter

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Re: Where the market is - Buyer Offers
« Reply #274 on: June 21, 2021, 06:22:31 PM »
All these listings on Rising Sun gave me flashbacks from 2007 and IHB:

https://www.irvinehousingblog.com/2007/03/30/land-of-the-rising-sun/

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Offline woodburyowner

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Re: Where the market is - Buyer Offers
« Reply #275 on: June 21, 2021, 10:09:12 PM »
The listing agent definitely underpriced it given that 64 Rising Sun recently closed for $1.132m.  Not sure it's $100k under priced but I guess we'll find out soon enough.

https://www.redfin.com/CA/Irvine/64-Rising-Sun-92620/home/5958994

Wow, it went for $1.132M even with a .5% BAC!  The problem with this Portisol model is that it feels really small and cramped inside (2 stories @ 1785 sq ft).  The outdoor space is well above average though.  The Plan 2s have a much nicer feeling to them.

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #276 on: June 21, 2021, 11:05:50 PM »
I made an offer for one of my buyers on this listing tonight...

https://www.redfin.com/CA/Irvine/22-Rising-Sun-92620/home/5959132

Well, my client didn't get the home.  We offered $1,161,000 with an escalation clause up to $1,181,000 as an Addendum to the offer as I've been seeing more sellers just taking the top offer off the bat with no counter (which is dumb because best & final counters can result in a higher sales price). 
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Offline akula1488

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Re: Where the market is - Buyer Offers
« Reply #277 on: June 21, 2021, 11:36:51 PM »
I made an offer for one of my buyers on this listing tonight...

https://www.redfin.com/CA/Irvine/22-Rising-Sun-92620/home/5959132

Well, my client didn't get the home.  We offered $1,161,000 with an escalation clause up to $1,181,000 as an Addendum to the offer as I've been seeing more sellers just taking the top offer off the bat with no counter (which is dumb because best & final counters can result in a higher sales price).

So my $100k under is not too far off

Offline Kick53rv3

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Re: Where the market is - Buyer Offers
« Reply #278 on: June 25, 2021, 04:45:11 PM »
Offered $1.02m on this: https://www.redfin.com/CA/Irvine/101-Island-Coral-92620/home/112723630?2093706699 and it sold for $1.1m

Really hard second guessing if my goal of getting a newer (2010+) property with a medium yard (not a tiny patch of concrete) under $1.05m is realistic.

Looking at: https://www.redfin.com/CA/Irvine/274-Crescent-Moon-92602/home/167412428?2093706699 this weekend and think this is probably going to go even higher.

Offline Cares

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Re: Where the market is - Buyer Offers
« Reply #279 on: June 25, 2021, 07:40:39 PM »
Opening escrow on:
https://www.redfin.com/CA/Irvine/28-Fanpalm-92620/home/28931864

Closed escrow on:
https://www.redfin.com/CA/Irvine/23-Shellbark-92618/home/39976841
$860,000 for a 2BR attached condo. Quite crazy but the identical model match sold for $870,000 the same week.

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #280 on: July 05, 2021, 08:03:52 PM »
Submitted an offer on this home for one of my buyers yesterday...

https://www.redfin.com/CA/Irvine/124-Cardinal-92618/home/51682507
Martin Mania, CPA
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Offline socal007

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Re: Where the market is - Buyer Offers
« Reply #281 on: July 08, 2021, 05:04:06 PM »
So the market is not cooling off anytime soon. “Siri. Remind me to check Redfin in 6 months”

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #282 on: July 13, 2021, 07:54:30 PM »
Martin Mania, CPA
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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #283 on: July 13, 2021, 07:55:14 PM »
So the market is not cooling off anytime soon. “Siri. Remind me to check Redfin in 6 months”

Doesn't appear to be cooling off but I am seeing more inventory hit the market though.  Unfortunately that new inventory is getting bought up quickly.
Martin Mania, CPA
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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #284 on: July 13, 2021, 07:55:27 PM »
Submitted an offer on this home for one of my buyers yesterday...

https://www.redfin.com/CA/Irvine/124-Cardinal-92618/home/51682507

Got this one into escrow after a few counters.
Martin Mania, CPA
AgencyOne
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mmania001@yahoo.com
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