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We received a second offer and after the seller multiple counter offers we opened escrow last Friday.

Bingo! I have a client who is looking at Newport and CDM with a $3m-$4m budget and there's a good bit of inventory out there with many homes sitting for a longgggg time. My clients who have gone to open house there have been told from several listing agents that they better buy now because...

I had some showings up in LA and tried a For The Win smash burger....OMG one of the best burgers I've ever had. I highly recommend every burger lover to try this place.

Yes they do and that is why the price per SF for larger and/or view lots is a lot higher than regular sized Irvine lots.

Auto insurance has gone up as well but only about 20-25%.

Yeah, I got that rate from my insurance broker after my insurance company cancelled me back in 2023.

$2,500 per year.

Home insurance will be very expensive for any homes around brush and/or foothills with the recent LA fires. I fully expect my insurance premiums to double this year.

The Taycan charges pretty fast at EA fast charging stations, I would see 240-260kw charging speeds up to 50%. The new EV platform for Porsche has a larger and more efficient battery. I get about 240 miles based upon a full charge in the Taycan and I've heard that people are getting 300-320...

I'll be picking up my Macan EV at PEC LA on the 29th and it will replace my Taycan. I'm looking forward to the 300+ mile range.

I think the premium lots (view lots and larger lots) will sell fast and regular ones will take longer to sell.

First offer came in last night.

I'd expect pricing to be $3m to $4m for these homes.

Thank you for the kind words SGIP. I have known SGIP for over 15 years having met him during the Irvine Housing Blog (IHB) days and even personally used him to get for the loans on my West Irvine home purchase in 2011 and my Tustin Ranch home purchase in 2016. He has was always a lender that I...

On Thursday morning, I listed a turnkey Hamlin Plan 3 Single Story home in Loma Linda on MLS. The home was built in 2020 by Lennar Homes and features 4 bedrooms and 2 full bathrooms along with almost 2,300sf of living space on a larger 7,771sf lot. The home has no HOA and low tax rate 1.25% as...

I'm not 100% sure because I don't have a copy of the land lease agreement but I'd venture to bet that the City of LA Housing Authority would probably extend the land lease for another 99 years.

The land lease expires in 2099 for all of the homes in the Harbor Village so any new buyer assumes the existing 99-year lease which expires in 2099 or 75 years from now. As long as the land lease expires past the maturity of the loan, it is financeable by conventional lenders. I've never seen...

The home was built on leased land (lessor is the City of LA Housing Authority) with a 99-year lease with no land lease payments. As such, sellers and buyers need to notarize an assignment of the land lease from the seller to the buyer before title will record the transaction.

Yeah, never had a situation where 2 buyers flaked out but I'm happy that I was able to get the seller an even higher price than the initial top buyer's offer. The market is definitely more tricky now and more due diligence is needed when selecting a buyer.

Pretty good little tool although it is not 100% accurate as the numbers a little off but pretty close.