Interesting proposition for a home...

irvinehomeowner said:
At that price point, you can find some really nice newer (not brand new) homes in Irvine in any hood you want.

Take a look at a Tapestry Plan 3 in Quail Hill... or if you get lucky... a Chantilly model.

There are tons of large homes (ie 3CWG) in Westpark II, Northwood Pointe and any of the late 90s early 00s tracts.

And I think you can probably find nice Los Colinas plans in resale so you get new but don't have to worry about landscaping.

Since the money equation is a bit easier for you... I suggest taking your time... it's not like prices are skyrocketing.
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Since his mom is doing a 1031 exchange, he doesn't have as much time as you think.
 
correct.  we're gonna have 45 days to "identify" although you aren't locked.  180 days to close.  Things are moving fast... almost too fast. 
 
irvinehomeowner said:
So doesn't that rule out new builds unless there is standing inventory?

And short sales.
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Short sales are definitely out.  But with many new home developments he should be OK as he has 45 days to identify several properties that he's interested in and then needs to close within 180 days of the closing of his mother's property on one of the properties that he selected.
 
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