Recent content by peregrine

Is there a compilation like this for Irvine? As you note, New Home Source is not particularly current.

The buyer is supposed to compensate their agent with their own funds? You think this will this lead to buyers trying to go it alone in that case (when the reality of the commission becomes very real, i.e., out of their own pocket as opposed to being formerly paid by Seller)?

Yes, I'm familiar with escrow asking for proof signing authority when transacting via an entity but do they also ask for names of every owner when the entity is buying? Also, what happens when you visit models but are buying through an entity? Do you register the entity name?

To clarify, I am not asking for a split at closing. I am inquiring whether there is a way to alleviate the Seller of the need to pay a Buyer's agent and, in so doing, profit from it.

No, attorney. I'm not trying to minimize the value of an agent and realize the vast majority of buyers need one; rather, I am wondering if there is a way to monetize the BAC for the very few Buyers comfortable representing themselves.

Now this sounds like an actual incentive.

Not a builder incentive but rather a knowing, intelligent, and voluntary waiver of the party's right to a buyer's agent under the express condition (i.e., written into the contract) that the BAC would be applied to the buyer's upgrades (if not a straight credit at closing). Not necessarily; as...

Is the co-op eligibility determined at time of contract or closing? In other words, does the family member (or 3rd party for that matter) actually have to perform or could they simply assign their contractual rights at closing? Maybe a better way around this, at least in the case of a cash...

Do people (other than licensed agents) ever do this? With regard to new construction, any builder will want to protect values (i.e., sale price) within a community so presumably the only benefit here would be to convert the BAC into upgrades? (Or would some builders actually consider an...

Yes, but that exercise excludes the gain. Provided the home is owned for less than 24.5 years, and excluding refinance possibilities, one would be better off paying less for the house and more for the borrowed money.

Novel Park has raised prices in the last couple of weeks. Does COVID-19 make this neighborhood more desirable somehow?

This is month-to-month? The listed rates on VRBO do not seem that much lower. Direct negotiation with the owner?

Considering an IO. Has the current environment changed the pros/cons described here? Thanks.

At what price point are you seeing the seller?s market start to transition to balance?

This makes total sense on the public homebuilders. Good advice. Thanks. What about Irvine Pacific? One IP agent said the company is privately owned (and very much controlled) by "one man" (whom I'm guessing is Mr. Bren) so presumably another strategy is necessary. Or is it a black box?