Author Topic: First Time Second Home Buyer - Advice  (Read 4113 times)

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Offline anteaterscientist

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Re: First Time Second Home Buyer - Advice
« Reply #30 on: July 07, 2021, 05:12:14 PM »
If you have to move any kind of plumbing fixture/piping, you'll need a permit. Why not bring in a plumbing contractor to get a quote?

Is it common for a contractor to give a quote on a place that is in consideration of being purchased?

I'm still in hypothetical land.

Offline USCTrojanCPA

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Re: First Time Second Home Buyer - Advice
« Reply #31 on: July 07, 2021, 11:03:36 PM »
If you have to move any kind of plumbing fixture/piping, you'll need a permit. Why not bring in a plumbing contractor to get a quote?

Is it common for a contractor to give a quote on a place that is in consideration of being purchased?

I'm still in hypothetical land.

Yeah, if you can see the home you can bring a contractor out with you and get a quote for the work.
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Offline anteaterscientist

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Re: First Time Second Home Buyer - Advice
« Reply #32 on: July 21, 2021, 08:19:14 PM »
Another update:

Considering to expand the real estate net... looking for nearby areas surrounding Irvine for a single level 1 bed / 1 bath ... slightly lower price per square foot but similar nice-ness to Irvine.

Any suggestions?

Offline USCTrojanCPA

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Re: First Time Second Home Buyer - Advice
« Reply #33 on: July 22, 2021, 09:53:24 AM »
Another update:

Considering to expand the real estate net... looking for nearby areas surrounding Irvine for a single level 1 bed / 1 bath ... slightly lower price per square foot but similar nice-ness to Irvine.

Any suggestions?

Foothill Ranch, Tustin Ranch, Aliso Viejo, and Costa Mesa.
Martin Mania, CPA
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Offline anteaterscientist

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Re: First Time Second Home Buyer - Advice
« Reply #34 on: July 22, 2021, 10:02:14 PM »
I'm getting discouraged more and more everyday. It's slim pickings and everything is moving fast.

Offline USCTrojanCPA

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Re: First Time Second Home Buyer - Advice
« Reply #35 on: July 22, 2021, 10:20:37 PM »
I'm getting discouraged more and more everyday. It's slim pickings and everything is moving fast.

Yeah, it's getting worse and worse out there (lower inventory when it should be increasing).  Not a fun time to be a buyer now.
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Offline Cares

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Re: First Time Second Home Buyer - Advice
« Reply #36 on: July 22, 2021, 10:58:09 PM »
I'm getting discouraged more and more everyday. It's slim pickings and everything is moving fast.

Yeah, it's getting worse and worse out there (lower inventory when it should be increasing).  Not a fun time to be a buyer now.

Like I mentioned in the other interest rate thread. I foresee this to be a very painful summer for buyers especially at entry level. With rates decreasing, more buyers with FOMO seeking to take advantage. Lower rates also means more refinances and people not wanting to sell and give up their low rate.

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Re: First Time Second Home Buyer - Advice
« Reply #37 on: July 22, 2021, 11:34:18 PM »
I'm getting discouraged more and more everyday. It's slim pickings and everything is moving fast.

Yeah, it's getting worse and worse out there (lower inventory when it should be increasing).  Not a fun time to be a buyer now.

Like I mentioned in the other interest rate thread. I foresee this to be a very painful summer for buyers especially at entry level. With rates decreasing, more buyers with FOMO seeking to take advantage. Lower rates also means more refinances and people not wanting to sell and give up their low rate.

New inventory YTD June 2021 in Irvine is about the same what new inventory we had YTD June 2019 (last year was an unusual year) so the problem is the huge buyer demand.  It's not just the low end, it's tough to get buyers a home in the $1m to $2m range as well.
Martin Mania, CPA
AgencyOne
CA BRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

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

 

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