Author Topic: New Listing - Corte Bella Plan 2 detached condo @ Orchard Hills (101 Mustang)  (Read 3746 times)

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Offline irvinehomeowner

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Cities outside of Irvine will slow first because those buyers are not as strong as Irvine buyers, I know what I've seen it first hand with my listings outside of Irvine (I also have my lender cross qual the top buyers for all my non-Irvine listings).

I agree with this, the data agrees with this, the last crash (late 2000s) agrees with this... but LL does not based on his cherry picked 2018-2020 data. :)
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
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Offline zubs

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You got your contrarian safety net in LL.
If we did not have him, we would end up like Putin thinking he's winning in Ukraine.

Even if he's wrong...and he knows it, he plays his part.

Offline USCTrojanCPA

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Opened escrow yesterday with a buyer and their deposit hit escrow this morning. 
Martin Mania, CPA
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Offline USCTrojanCPA

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Got word from escrow that we officially closed earlier this morning.  The sales price was $1,635,000 and the buyer agent reduced her commission by $5,000 so the effective sales price was $1,640,000.  We did have a higher financed offer of $1,650,000 but the seller felt more comfortable moving forward with the slightly lower cash buyer who closed in 10 days.
Martin Mania, CPA
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Often imitated....Never duplicated!
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Offline irvinehomeowner

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Hah... even for a $5k difference... cash is king. :)
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
member: Soylent Green Is People (loans/refis)

Offline zubs

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No one wants to pay even $5,000 on extra property taxes.
1% of $5,000 is 50 bucks a year?

Offline The California Court Company

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$5000 for peace of mind, quick close, seller get money faster, why not.
"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

Offline USCTrojanCPA

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The seller also went over their $500k gain exemption amount so they would only benefit on 2/3rd of the higher sales price.
Martin Mania, CPA
AgencyOne
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CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

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

Offline USCTrojanCPA

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No one wants to pay even $5,000 on extra property taxes.
1% of $5,000 is 50 bucks a year?

The buyer agent decreased her commission by $5,000 to make her client's offer more competitive to the seller so it wasn't about lowering the property tax basis.
Martin Mania, CPA
AgencyOne
CA DRE 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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