Author Topic: New Listing - Talise Plan 4 detached condo in Portola Spring (116 Soaring Eagle)  (Read 1770 times)

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Offline USCTrojanCPA

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I listed the Talise Plan 4 home in Portola Springs earlier this afternoon on MLS. The home was built by California Pacific Homes in 2018 and features 4 bedrooms and 3.5 bathrooms (along with a downstairs bedroom and en-suite bathroom) along with an upstairs loft and 2,119sf of living space.

The home is situated on one of the largest view lots with spectacular city lights and ocean views with a listing price of $2,000,000.

First showings will begin on Monday, May 16th with the open houses next weekend on Saturday, May 21st and Sunday, May 22nd from 1-4pm for both days. PM or email me if you are interested in seeing it. The seller will review all offers on Monday, May 23rd at 8pm.

Here is the Redfin link:

https://www.redfin.com/CA/Irvine/116-Soaring-Eagle-92618/home/169484665

Pictures and the virtual tour are in the link below:

https://my.matterport.com/show/?m=5X5MAU2ZYJ1&hl=0&play=1

If you guys are in the area, drop by to say hello and check out the awesome views.  :)
Martin Mania, CPA
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Offline USCTrojanCPA

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After a few counters, buyer and seller came to terms and we have opened escrow. 
Martin Mania, CPA
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mmania001@yahoo.com
714-747-3884 cell

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Offline Compressed-Village

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After a few counters, buyer and seller came to terms and we have opened escrow.

Oh my. You got the mojo bro! Congrats.

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Offline Soylent Green Is People

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Front row is always the best. Congrats!
My .02c

SGIP

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Offline OCtoSV

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After a few counters, buyer and seller came to terms and we have opened escrow.

good agents shine in tough markets - well done fellow Trojan.

Can I ask if it went into escrow above or below the asking price?

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Offline USCTrojanCPA

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After a few counters, buyer and seller came to terms and we have opened escrow.

good agents shine in tough markets - well done fellow Trojan.

Can I ask if it went into escrow above or below the asking price?

It went into escrow below asking price.  The asking price add cushion to negotiate down built into it because there's too much risk in under pricing homes right now.
Martin Mania, CPA
AgencyOne
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mmania001@yahoo.com
714-747-3884 cell

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Offline jomama229

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It went into escrow below asking price.  The asking price add cushion to negotiate down built into it because there's too much risk in under pricing homes right now.
what's the risk in underpricing homes? people assuming they can buy for the lower price and not willing to bid significantly higher?

Offline CalBears96

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It went into escrow below asking price.  The asking price add cushion to negotiate down built into it because there's too much risk in under pricing homes right now.
what's the risk in underpricing homes? people assuming they can buy for the lower price and not willing to bid significantly higher?

There are now fewer buyers, so they won't be trying to outbid each other like several months ago. At best, they might bid at asking price. At worse, a lot lower.

Offline USCTrojanCPA

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It went into escrow below asking price.  The asking price add cushion to negotiate down built into it because there's too much risk in under pricing homes right now.
what's the risk in underpricing homes? people assuming they can buy for the lower price and not willing to bid significantly higher?

Because the market has softened and there may not be enough buyers to push the price back up to the true market price. Better to list around where the home will sell or price with some cushion to negotiate down when dealing negotiating with one buyer.
Martin Mania, CPA
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mmania001@yahoo.com
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Offline USCTrojanCPA

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It went into escrow below asking price.  The asking price add cushion to negotiate down built into it because there's too much risk in under pricing homes right now.
what's the risk in underpricing homes? people assuming they can buy for the lower price and not willing to bid significantly higher?

There are now fewer buyers, so they won't be trying to outbid each other like several months ago. At best, they might bid at asking price. At worse, a lot lower.

There's more risk in under pricing a more expensive home like this one as the buyer pool is significantly smaller than one around $1m.
Martin Mania, CPA
AgencyOne
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mmania001@yahoo.com
714-747-3884 cell

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Offline msuum

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Martin, What happened to this home. Just saw it came back to market.

Offline USCTrojanCPA

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Buyer's wife got laid off so the buyer won't be able to qualify for the loan to purchase the home so it's back on the market.
Martin Mania, CPA
AgencyOne
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mmania001@yahoo.com
714-747-3884 cell

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

Offline WTTCHMN

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Buyer's wife got laid off so the buyer won't be able to qualify for the loan to purchase the home so it's back on the market.

Bank of Martin can't loan them the money?

Offline Danimal

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Buyer's wife got laid off so the buyer won't be able to qualify for the loan to purchase the home so it's back on the market.

Interesting that $2 mill home buyer doesnt have enough cushion to withstand loss of 1 income. I rather not having a home than being home poor.

Offline USCTrojanCPA

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Buyer's wife got laid off so the buyer won't be able to qualify for the loan to purchase the home so it's back on the market.

Interesting that $2 mill home buyer doesnt have enough cushion to withstand loss of 1 income. I rather not having a home than being home poor.

They have enough for the downpayment, the issue is that they don't qualify from a 43% DTI perspective with only one income.
Martin Mania, CPA
AgencyOne
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mmania001@yahoo.com
714-747-3884 cell

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