Newer OC listings with crazy WTF asking prices from equity sellers
- Thread starter sgip
- Start date
usctrojancpa
Well-known member
This listing made me laugh when I saw it pop up. So the same listing agent listed this same home back on Sept 2nd, 2022 for $1,598,000 and ended up selling it $1,390,000 on Nov 7th (I sold the same exact floor plan in Aug 2022 for $1,465,000). Now the seller who got a good deal thinks she can get almost $300k more than what she bought it for.
www.redfin.com
Prediction = this home will sit and sit and sit with price drops and if the seller really wants to sell the home it'll close around the mid $1.4s.
71 Cherry Tree, Irvine, CA 92620 - 3 beds/2.5 baths
(CRMLS) For Sale: 3 beds, 2.5 baths ∙ 2016 sq. ft. ∙ 71 Cherry Tree, Irvine, CA 92620 ∙ $1,688,000 ∙ MLS# OC23010201 ∙ Nestled in the beautiful community of Cypress Village, this well kept Marigold Plan 2 ...
Prediction = this home will sit and sit and sit with price drops and if the seller really wants to sell the home it'll close around the mid $1.4s.
CalBears96
Well-known member
Some people are so delusional.
usctrojancpa
Well-known member
It's even more than that, any good agent would not accept a stupid listing price like that and should explain to the seller that doing so is just a waste of time for everyone.
CalBears96
Well-known member
Doesn't the agent have to pay some upfront fees to list the home? Knowing that it would be a waste of time and money, why would the agent still be willing to do that?
morekaos
Well-known member
That’s crazy that the first posted home has increased this much….
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sgip
Well-known member
Can't trust Redfins "value guess" right now. 420 Center has a big lot, but for $2.6m you could get a 3/2 1600 SF home on a similar lot today (675 Wendt)