USCTrojanCPA said:I'm a little surprised they aren't already sold out given that they had the model opening back in April of last year. They must be releasing one phase a month.
NYT said:USCTrojanCPA said:I'm a little surprised they aren't already sold out given that they had the model opening back in April of last year. They must be releasing one phase a month.
Yup, they've been on a roughly one-phase-a-month schedule. I have no doubt that they could sell all they have right now, but I'm sure they want to release as construction goes along instead of falling way behind construction-wise.
Not in this market.test said:Pre-sold doesn't mean anything. I bet by fall the majority of buyers will bail and the builder will be left holding a bunch of built lots they get can't offload resulting in massive panic price cuts.
test said:Pre-sold doesn't mean anything. I bet by fall the majority of buyers will bail and the builder will be left holding a bunch of built lots they get can't offload resulting in massive panic price cuts.
test said:Pre-sold doesn't mean anything. I bet by fall the majority of buyers will bail and the builder will be left holding a bunch of built lots they get can't offload resulting in massive panic price cuts.
test said:Pre-sold doesn't mean anything. I bet by fall the majority of buyers will bail and the builder will be left holding a bunch of built lots they get can't offload resulting in massive panic price cuts.
PenguinOrange said:test said:Pre-sold doesn't mean anything. I bet by fall the majority of buyers will bail and the builder will be left holding a bunch of built lots they get can't offload resulting in massive panic price cuts.
At least for LR, when the lot is marked SOLD, the purchase agreement is signed which includes a non-refundable deposit of $30K. So think most buyers are pretty serious if they get to that point.
Plus over 20% of LR are all-cash, so the risk of falling out (due to financing) is also low.
If there were a lot of other alternatives I imagine maybe, but with inventory so low and other similar construction at least 6mo out if you get on the list now so demand will still be high and most likely LR will get completely sold out.
ps9 said:First Lambert Ranch on MLS.. get it while you can.. nice street name.. If you're last name is Brown, it's gonna be confusing..
http://www.redfin.com/CA/Irvine/91-Parson-Brown-92618/home/45375449
Yup, being sold by the builder. The home is over $1.5m...the buyer pool gets really thin when you get that high in price (even in Irvine).qwerty said:ps9 said:First Lambert Ranch on MLS.. get it while you can.. nice street name.. If you're last name is Brown, it's gonna be confusing..
http://www.redfin.com/CA/Irvine/91-Parson-Brown-92618/home/45375449
So is this being sold by the new home company? It must be since it has not been built and won't be ready until August. I'm surprised they could not find a buyer from their waitlist
zubs said:I see this kind of thing sometimes. Is this akin to a builder market testing their home? Perhaps they think their price sheet is too low and they need to find the true value.
iacrenter said:zubs said:I see this kind of thing sometimes. Is this akin to a builder market testing their home? Perhaps they think their price sheet is too low and they need to find the true value.
Usually the opposite is true. If a builder places a home on the MLS they are getting desperate to find a buyer. They would rather take a hit on commission and fees rather than see their inventory sit unsold.
I'm surprised TNHMC can't sell it to someone on their wait list. But at $1.5M, USC is probably right and the wait list is too short. Advertising on MLS will open it up to the wonderful world of FCBs.
USCTrojanCPA said:Yup, being sold by the builder. The home is over $1.5m...the buyer pool gets really thin when you get that high in price (even in Irvine).qwerty said:ps9 said:First Lambert Ranch on MLS.. get it while you can.. nice street name.. If you're last name is Brown, it's gonna be confusing..
http://www.redfin.com/CA/Irvine/91-Parson-Brown-92618/home/45375449
So is this being sold by the new home company? It must be since it has not been built and won't be ready until August. I'm surprised they could not find a buyer from their waitlist