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So I'm 0 for 3 on my offers right now: 1. Offered 665k, asking $700k (countered 700k) 2. Offered 690k, asking 689k (REO, out-offered) 3. Offered 665k, asking $700k (countered 695k) Offer 1 and 3 are with the same agent. With these BS counters, i'm sure the agent is sending a...

I'll post as a "noob" as well. I've been in the market since March of this year and since I stumbled upon IHB, I've been a little more cautious about making my offers. I've noticed many price decreases in the neighborhoods I'm looking in. Even though I'll lose $$ each month from the lack of tax...

3 Del Mar, Irvine. Bank Repo. Listed for $689,800, -3% rebate, needs about 15k of repairs. neighbohood comps at 750k and up. I offered full price for this one, but unfortunately someone had outbid me. Apparently this was a really good deal.... saw dozens of people gawking over the property...

<p>No offense but I saw the rising orange ball from Sand Canyon today and it is ssssssooooooooo ugly! </p> <p>I dont understand this thing at all! This is... pork belly spending, lol.</p> <p>Since a builder is footing part of the cost, I'd be pissed if my HOA dues include a hot air balloon...

<p>Trooper, i'm on an open-ended lease right now and I characterize myself as a casual buyer that will buy based on need as opposed to want. The only loss I'll have is tax money that would have gone into a mortgage payment. I just have to make some equipment investments towards the end of the...

OK... Making a second offer this week. This particular home in irvine has an asking price of 8% lower than the purchase price in 2005. The way I like it. Nice, cheap, depreciated. After offer said and done, I should be at 10% below with some cash back from the REA. Almost feels...

<p>So funny, it made my day. Makes me laugh when I think about it. He bashed on the neighbor's listing, how the home is better than the owners. The irony is, he was the listing agent for that house 2-3 yrs ago.</p> <p>The broker is one of the prominent guys in the area, so I dont want to burn...

<p>Looks like they need to cut out some of the "restoration" plans.. Increase HOA, defer repairs, and do a smaller "special assessment." But definitely feels like some of the unnecessary stuff was added in. I mean geez, 80k to renovate a pool and bathrooms... i dont think all 300 families use...

<p>This is a new thread from my "HOA" thread.. I found the offer funny so I had to make a new thread. (i altered by 1-2k to preserve anonymity so i dont get blacklisted as a buyer lol)</p> <p>In short: $698k, DOM:40. Bought for around 640-650k in 2005.</p> <p>1. Offered $685-20k buyers...

OK, i got a counteroffer. I need to make a new thread out of this :)

I was a broke college student in '00. I shoulda jumped on some subprime's though :)

They were pretty offended by the offer... i think they'll just tear it up!

<p>Quick update... Made an offer this weekend. The selling agent seemed to be emotionally distraught when he saw the offer. Hope he didn't "deny" it himself. Hope it made it to the homeowner.</p> <p>DOM: 40 days Asking: $700k Offered: $670k 2005 Price: $650-660k.</p>

<p>Awgee, I'm taking tax deduction on interest payment and property tax. I do some rough calculations on my turbotax software. $36k of interest+property tax a yr will lower the tax due by 23% (of interest+pp) if you put $100k of 1099 income, then 30k of interest + 6k of property tax.</p>...

<p>Awgee - you are right... housing for the most part isn't really considered a commodity, but then when its a buyers market, we've got a lot to choose from :)</p> <p>bkshopr- I'm leaning towards the detatched condos because its a good middle ground between attached and sfr's. I dont need much...

<em>I could be wrong here, Graphix / IrvineRenter please correct if I am, but mortgage rates do not necessarily follow the Feds Fund Rates...per se. Mortgage Rates typically follow the 10 yr T-Note, therefore when consumption of T-Notes increases smaller yields are seen and smaller yields...

<p>OK. Shot out an offer today in the amount of the current owner's 2005 buying price. Some people say impossible, other people say i'm offering too much. What am I saying? "Thanks IHB" :)</p>

<p>Reason, I think you're not getting the point that NS is trying to get across. The homes he is posting, are mostly botched flips. The other ones are probably poor purchasing decisions that lead to financial difficulties. The main point is to illustrate a trend that has been occuring over the...

<p>Sometimes it has to do with zoning. I just checked out Cortile plan 4 this weekend. Its advertised as 3br + loft. You can choose to put the loft downstairs or upstairs... the other becomes a bedroom. When I asked if it can be converted into 4br, they said no, due to zoning. But, both "lofts"...

<p>Oh yeah, you've got VOC, woodbury, quail hill... those are pretty upscale. I'm in the same shoes as you in terms of wants vs needs. </p> <p>One last point - being in a business environment, I spoil myself expensing out expensive hotels, business class plane tickets, everything. But, I can't...