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Sorry I must hugely disagree with the assumption that Irvine prices haven't fallen that much. They actually have. I will be buying in Irvine this winter and I'm encouraged as the price drops with the houses that my wife are looking at. I will say I'm looking in the 1m to 1.3m price range. But...

The owner just lost this house. My wife and I actually went to see this house. The upgrade choices were awful. The previous owner changed the price on this listing about 30 times in a 3 month period. As is with anytime you spend alot on upgrades if the potential buyer doesn't like your style...

I'm going to buy in Irvine fro around 1M and Zillow is still way behind. I've looked at houses for sale for around 1.2 to 1.3 and they are sitting and Zillow shows them worth 1.7 m or so.

The Street name alone is worth 100K

WHAT DOES EVERYBODY THINK THIS HOUSE IS WORTH ONCE THE MARKET BOTTOMS. I SAY 1M TO 1.1 M . WHAT DOES EVERYBODY ELSE THINK?

THIS HOUSE JUST CLOSED ESCROW FOR $1,730,000. THATS INSANE. WHOEVER BOUGHT THIS WILL BE UPSIDE DOWN BY THE TUNE OF 500k-700k WITHING 12-18 MINUTES. THE SELLERS ARE PROBABLY THE LUCKIEST PEOPLE I KNOW. THEY SHOULD BOOK A FLIGHT TO VEGAS FOR GETTING ABOUT 500k OVER WHAT THEIR HOUSE IS WORTH.

Nobody will bid on this. This property is worth maybe around 1M maybe and the owner owes 1.7M . There will be no bids and this property will become bank owned.

ANY GUESSES WHAT WILL THIS PROPERTY BE WORTH AT THE BOTTOM ??? 800k 900k

Right now about 2%-3% of short sales are being accepted. It is not worth your time. Bank owned is a different ball game. That is where you should put your energy. The reason why alot of short sales aren't happening is due to the fact that most homes in foreclosure have multiple loans with...

Don't worry about it. Here is the approach to take locate houses you would like to buy offer fair market value minus 15% and see who counters. If they don't counter screw them and move on. Don't try to figure out there motive or what they are smoking. I'm currently buying in Irvine in the 1M...

Code 7700, You are missing something. If they are selling the house for 725 and owe 740 than they will just pay 15K at closing to avoid the short sale. Just because somebody is upside down on their house doesn't mean that they short sale the house. Some people actually have money in the bank...

Just Curious I'm looking for an unbiased educated response from anybody. What is the future for Washington Mutual. 1) Will they be bought out inthe near future by another bank? 2) Will they have huge writeoffs in the next 2 years and than return to profitability? 3) Will they...

Brightwaterhelp, I'm going to be buying in the low 1M range probably late this year or early next year. I will be buying in Irvine or HB (zip 92648) Here is my two cents: 1) I really wanted a gated complex for 1M plus I was disapponted thatt Brighwater is for me too easy access for...

Hey don't take this as a knock to you but it just seems that you are being unrealistic and you feel as though you are entitled to a profit on the sell of your house. You say that you are not greedy and you just want enough money to put a down payment on the next house and pay off student loans...

Jim, This is no knock on you but I was laughing when I read your response. You sound defensive and in denial. Dove Canyon has fallen over 20% YOY and you live there but your house's value has stayed the same. Your neighbors house values are dropping and yours just stays the same. Not real...

No offense but if you bought your house last year for 900K I don't see how you will get 850K now for the same house. Dove Canyon is down over 20% in the last year. That would put your house more in the 650-700K range. Good Luck.

I wonder if Kungfoopanda bought this?? It went into escrow a couple of weeks ago. Not sure of the pending price but this house was listed for $1.8 million!!!!!!!!!!!! Cyberhomes showed the market value at 1.4m and we all know which way the market is moving. I have to think that whoever bought...

Dealrep, I think it is really up to you and the motivation for buying. I think it is a no brainer that the house you buy today will be worth less in 1 or 2 years. I can easily see the house that you are buying being worth $450 within one year. With all that being said if you have to buy now...

The only people that claim that we are at the bottom of the housing market is the NAR and Realtors. In Irvine we are not anywhere near the bottom. I believe in the next four years we will see another 20-25% drop from current home prices. When will most of the drop occur during the next four...

hbguy, Have u lowballed anyone yet? Seems like a realtor may get pretty chapped if he/she knew u were doing that? Am I right thinking that way? Seems like it may perceived as a ?waste? of their time to do that...I dont know thats just me. Believe me, I would love to lowball everything out...