Author Topic: Where the market is - Buyer Offers  (Read 61384 times)

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Offline TestingIrvine

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Re: Where the market is - Buyer Offers
« Reply #375 on: September 19, 2021, 04:02:11 PM »
Made offers on the following 5 Irvine homes this week for a few buyers, let's see if I get any of them...

https://www.redfin.com/CA/Irvine/124-Toretta-92602/home/169487135

https://www.redfin.com/CA/Irvine/142-Follyhatch-92618/home/143915060

https://www.redfin.com/CA/Irvine/183-Quiet-Grv-92618/home/167154487

https://www.redfin.com/CA/Irvine/225-Bright-Poppy-92618/home/113145789

https://www.redfin.com/CA/Irvine/177-Stellar-92618/home/167401663

Most of them at PS and GP? Prices there are matching up with other Irvine areas. You think they’ll all be over the asking?

All of the resales are “Hot Homes” per Redfin.  Definitely over asking.

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #376 on: September 19, 2021, 10:51:55 PM »
Martin Mania, CPA
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Offline TestingIrvine

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Re: Where the market is - Buyer Offers
« Reply #377 on: September 21, 2021, 08:22:33 PM »
What’s better:

1) 4 bed condo?

Or

2) 3 bed detached condo?

Both same sqft and location

Offline akula1488

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Re: Where the market is - Buyer Offers
« Reply #378 on: September 21, 2021, 08:40:48 PM »
4 bed attached condo with downstairs bedroom, full bath.

Offline sleepy5136

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Re: Where the market is - Buyer Offers
« Reply #379 on: September 21, 2021, 08:45:12 PM »
What’s better:

1) 4 bed condo?

Or

2) 3 bed detached condo?

Both same sqft and location
does the detach one have yard space? If it does, the living space is smaller but at the expense of a yard. So it depends on what you value.

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #380 on: September 21, 2021, 09:52:00 PM »
What’s better:

1) 4 bed condo?

Or

2) 3 bed detached condo?

Both same sqft and location

More information is needed to provide a recommendation, too many variables to consider.
Martin Mania, CPA
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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #381 on: September 21, 2021, 09:53:06 PM »
Made offers on the following 5 Irvine homes this week for a few buyers, let's see if I get any of them...

https://www.redfin.com/CA/Irvine/124-Toretta-92602/home/169487135

https://www.redfin.com/CA/Irvine/142-Follyhatch-92618/home/143915060

https://www.redfin.com/CA/Irvine/183-Quiet-Grv-92618/home/167154487

https://www.redfin.com/CA/Irvine/225-Bright-Poppy-92618/home/113145789

https://www.redfin.com/CA/Irvine/177-Stellar-92618/home/167401663

Quick update...

Got the Toretta home and the Follyhatch home for my buyers....waiting on counters for the other 3.  I was told Quiet Grove got 48 offers and they are over $1.1m on price now.
Martin Mania, CPA
AgencyOne
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mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #382 on: September 22, 2021, 05:23:28 PM »
Made offers on the following 5 Irvine homes this week for a few buyers, let's see if I get any of them...

https://www.redfin.com/CA/Irvine/124-Toretta-92602/home/169487135

https://www.redfin.com/CA/Irvine/142-Follyhatch-92618/home/143915060

https://www.redfin.com/CA/Irvine/183-Quiet-Grv-92618/home/167154487

https://www.redfin.com/CA/Irvine/225-Bright-Poppy-92618/home/113145789

https://www.redfin.com/CA/Irvine/177-Stellar-92618/home/167401663

Quick update...

Got the Toretta home and the Follyhatch home for my buyers....waiting on counters for the other 3.  I was told Quiet Grove got 48 offers and they are over $1.1m on price now.

No dice on Quiet Grove and Bright Poppy.  For Quiet Grove, I submitted an offer of $1,061,000, but they got 48 offers and the top offers were in the $1.1s which was too steep for my buyer so we passed.  For Bright Poppy, I submitted an offer of $1,201,000 but they got 16 offers and did not counter anyone by moving forward with the top buyer over $1.2m.  Still waiting on Stellar.
Martin Mania, CPA
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Offline Irvinehomeseeker

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Re: Where the market is - Buyer Offers
« Reply #383 on: September 22, 2021, 10:03:41 PM »
What’s better:

1) 4 bed condo?

Or

2) 3 bed detached condo?

Both same sqft and location

Delano 4 bed Attached with Downstairs bed.  In today's market it will go way more than 1.2 M asking price

https://www.redfin.com/CA/Irvine/99-Henson-92620/home/167401778

Offline OCLuvr

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Re: Where the market is - Buyer Offers
« Reply #384 on: September 23, 2021, 12:24:34 AM »
With multiple offers

Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #385 on: September 23, 2021, 08:26:06 AM »
With multiple offers

Yup, can go as high as $1.3m.
Martin Mania, CPA
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Offline OCtoSV

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Re: Where the market is - Buyer Offers
« Reply #386 on: September 23, 2021, 09:09:39 AM »
Made offers on the following 5 Irvine homes this week for a few buyers, let's see if I get any of them...

https://www.redfin.com/CA/Irvine/124-Toretta-92602/home/169487135

https://www.redfin.com/CA/Irvine/142-Follyhatch-92618/home/143915060

https://www.redfin.com/CA/Irvine/183-Quiet-Grv-92618/home/167154487

https://www.redfin.com/CA/Irvine/225-Bright-Poppy-92618/home/113145789

https://www.redfin.com/CA/Irvine/177-Stellar-92618/home/167401663

Quick update...

Got the Toretta home and the Follyhatch home for my buyers....waiting on counters for the other 3.  I was told Quiet Grove got 48 offers and they are over $1.1m on price now.

No dice on Quiet Grove and Bright Poppy.  For Quiet Grove, I submitted an offer of $1,061,000, but they got 48 offers and the top offers were in the $1.1s which was too steep for my buyer so we passed.  For Bright Poppy, I submitted an offer of $1,201,000 but they got 16 offers and did not counter anyone by moving forward with the top buyer over $1.2m.  Still waiting on Stellar.

These properties are all pretty nice and from a SV perspective CHEAP, especially considering how nice Irvine is. $1M gets crap in my area, which is nice but far from the ritziest:
https://www.zillow.com/homedetails/1108-Trevino-Ter-San-Jose-CA-95120/2069564149_zpid/

OC buyers are lucky to have such a steady stream of inventory to choose from in the sub-$1.5M market.

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Offline USCTrojanCPA

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Re: Where the market is - Buyer Offers
« Reply #387 on: September 23, 2021, 10:06:35 AM »
Made offers on the following 5 Irvine homes this week for a few buyers, let's see if I get any of them...

https://www.redfin.com/CA/Irvine/124-Toretta-92602/home/169487135

https://www.redfin.com/CA/Irvine/142-Follyhatch-92618/home/143915060

https://www.redfin.com/CA/Irvine/183-Quiet-Grv-92618/home/167154487

https://www.redfin.com/CA/Irvine/225-Bright-Poppy-92618/home/113145789

https://www.redfin.com/CA/Irvine/177-Stellar-92618/home/167401663

Quick update...

Got the Toretta home and the Follyhatch home for my buyers....waiting on counters for the other 3.  I was told Quiet Grove got 48 offers and they are over $1.1m on price now.

No dice on Quiet Grove and Bright Poppy.  For Quiet Grove, I submitted an offer of $1,061,000, but they got 48 offers and the top offers were in the $1.1s which was too steep for my buyer so we passed.  For Bright Poppy, I submitted an offer of $1,201,000 but they got 16 offers and did not counter anyone by moving forward with the top buyer over $1.2m.  Still waiting on Stellar.

These properties are all pretty nice and from a SV perspective CHEAP, especially considering how nice Irvine is. $1M gets crap in my area, which is nice but far from the ritziest:
https://www.zillow.com/homedetails/1108-Trevino-Ter-San-Jose-CA-95120/2069564149_zpid/

OC buyers are lucky to have such a steady stream of inventory to choose from in the sub-$1.5M market.

Yeah, I've heard there's a lot of NorCal folks moving down to Orange County, including Irvine, which seems to be driving prices higher.  Btw, didn't get a counter on Stellar after making an offer of $1,011,000 and they just went into escrow.  Getting 2 out of 5 offers accepted is pretty good in this market.  haha
Martin Mania, CPA
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mmania001@yahoo.com
714-747-3884 cell

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Have license, will travel!

Offline The California Court Company

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Re: Where the market is - Buyer Offers
« Reply #388 on: September 23, 2021, 10:16:23 AM »
where I am currently at, I get the same good school system as IUSD, same or even better close to ocean climate as Irvine, but cheaper by 33% in housing price surrounded by beautiful natural topography vs the very artificial feel of Irvine that 90% is on flat land.
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Offline Compressed-Village

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Re: Where the market is - Buyer Offers
« Reply #389 on: September 23, 2021, 10:26:30 AM »
I keep on hearing that when the forbearance ceased, that home pricing will abate escalate. And troubled homeowners would force their hands to liquidate.

On the other hand, that won’t help prime market. That put Irvine that list. Tough to be a buyer here.

 

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