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I think this is the before-final price list. There should be 3 more model homes with the first-floor suites. Crazy process nonetheless

https://www.ocregister.com/2023/05/11/is-villa-real-estate-closure-the-beginning-of-a-real-estate-shakeup/?utm_content=fb-ocregister&utm_campaign=socialflow&utm_medium=social&utm_source=facebook.com&fbclid=IwAR3MfID7IKgZaxRahLXiN4eUjITH2upahfPicz-qV0egHT0HLhmZYGelMQ4&mibextid=Zxz2cZ

Thanks for sharing. Did you notice leak due to the smell or was it a routine check? Was yours detectable with electronic detector?

These homes will go no matter what. AAA never made a difference before to matter now.

Agree. I think there is a a disconnect now between market prices of new homes vs resales.

Stopped by the Fresco sales office today. Homes are still moving at these IP prices, albeit at a much slower rate. They increased their floorplan 1 price by $74k. So, whatever IP giveth in incentives with their right hand, IP taketh in price hikes with their left and then some. The single...

I see. So you bring him for counseling.

Conditional approval is different from pre-approval. You get pre-approved without any serious underwriting. It?s very plausible to get denied a conditional approval once they take a deep dive into your finances. The reason they don?t mention it to you at the sales office is that 30 days is...

IP actually gives you a 30 day period from signing to get conditional loan approval. If you fail within that period (given your best efforts) and notify them you can get your deposit back. If that period passes, then you?re out of luck whether you can get approved or fail to qualify. 

The question is how do you bring the lawyer into the picture? Virtually all new build contracts will stipulate an arbitration clause. Meaning you can?t litigate, you have to arbitrate.

@Irvinehomeseeker, incidentally, this is the same guy I told you about and ended up going with myself. In absolute terms, he?s not the cheapest out there but definitely among the best quality wise. I asked my previous landlord for his contacts, since I loved the quality of the landscaping in my...

Just shows you to what extent IP is willing to sit on inventory for whatever long rather than lower prices to sell like most other builders in their case. This holds for their regular floor plans as well. Even in this interest rate environment they will never contemplate lowering prices from one...

I think that even in the worst case scenario that this bust lasts for 5-6 years, just  by considering how much the run up in prices have been over the past couple of years it was completely worth it to buy anytime in 2018, 2019, 2020 and the larger part of 2021. The declines in Irvine are single...

Looks like IP is back to their old price sheet format, the one they used when there were no priority lists and homes lingered on the market for a while. Specific lots are now explicitly listed with with their elevation, lot size price and upgrades if any. And you can see homes from older phases...

So a 10% increase in 2022 followed by a 7% decline in 2023 is what you consider agreeing with you  :)

I just really hope that all these remain cosmetic issues and are not a harbinger of more serious ?structural? sloppiness

It?s not just the 40k. They lose any deposits made towards structural or design center upgrades, which can easily be another 20-40k. The only reason for a buyer who bought 6-7 months to fall out of escrow is if they couldn?t get approved for a loan, and even then IP would much rather work...

No need to delay filling out the survey. There should be 2 more coming to fill out. A six month and a twelve month one. This is what one of the move-in package papers outlined

I tried to probe the south coast cabinets guy about what happened at the problematic phase 10 house when he came over for some minor touch ups. He said it was a confluence of factors. First, they brought in the cabinets into the house sometime before they were due for installation and stored...