Irvine Housing Blog

It seems to be the only listing in Turtle Ridge with lower than $400/sf asking.

Let’s start a bidding war. Wait a minute, but it has been in the market for 63 days. Why? ipo got his in escrow in only 5 days. Maybe, it’s asking too much still.

I wonder if every two weeks in the market should I lower the bid by 2-5%?

you pessimists are talking us into a recession.
real estate goes only up.
now is a great time to buy a house.
buy now or be priced out forever!

Nice size two bedroom, I like it at $389,900.00.

2 bedroom, 3 bath? Why would you need the extra bath?

Looks like the realtor has some unsatisfied customers.  I love it.

http://www.incredibleagents.com/real-estate-agents/CA/Newport-Beach/Properties-Plus/Susan-Green/review/2008-01-02/index.html

Susan Green - A Difficult Agent.
Laurie McDermott, Wednesday, January 2, 2008

Comments:    “Susan Green of Properties Plus is an agent to be avoided. Our experience has found Susan to be sneaky, dishonest, ethically unfair and downright evil. She is not to be trusted. I guess you could say, “I’ll use her to buy a house becasue she’ll be a tough agent.” But being tough and fighting for clients is fine. Being dishonst, being unreasonable and lying to both buyers and sellers is not fine and could hurt the sale in the long run. There are so many decent, good, fair agents in the LA area - why would you choose to work with someone so volatile and risk messing up selling your home or buying your home. My husband and I are kind, decent people and in we look at all instances where she was unruly or unfair, we are helpless and dumbfounded. Susan has a deep anger in her. And truthfully, we feel bad for Susan Green, but I would never, ever work with her or recommend anyone to work with her.”
Overall Rating:    (1 out of 5 stars)
Knowledge:    (4 out of 5 stars)
Courtesy:    (1 out of 5 stars)
Communication:    (1 out of 5 stars)
Website:    (1 out of 5 stars)
Effectiveness:    (1 out of 5 stars)

Email sent to Susan:

Susan, we need to send you back to elementary school and have the fifth graders give you some pointers on how to write an effective listing ad for a house.

I read your following ad for

129 Roadrunner   Irvine, CA 92603

ATTN INVESTORS!! PRE-FORECLOSURE!!!PLAN 4 !!!!OVERLOOKING THE CANYON/MOUNTAINS, VERY QUIET AND SERENE LOCATION. OPEN PLAN LIVING ROOM / DINING ROOM AND A SEPARATE DEN/OFFICE. 2 BEDROOMS, MASTER BED HAS A WALK IN CLOSET, SEPARATE BATH & SHOWER,BOTH BEDROOMS OVERLOOK THE CANYON.LAUNDRY ROOM.WOOD FLOORS IN LIVING AREAS AND CARPET IN BEDROOMS. KITCHEN HAS MEDIUM WOOD CABINETS, FORCED AIR AND HEAT, SECURITY SYSTEM. PARK AND SCHOOLS NEARBY!!

Good lord! Your ad looks like a diarrhea of text exploded all over the screen.

Get it together, stupid.  If I were your client, I would be highly offended at the prospect of you taking a 6% middle man commission for such unprofessional/lazy/amateur/slipshod work.

Here I go again…over $500K for two bedrooms is an insult.  There should be a law that a house with an asking price of over $500K MUST have at least three bedrooms, unless it’s on the beach.

I wonder if it’s time to change the commission figure when potential loss to lender is calculated.

Are the banks paying 6%?  I’ve read elsewhere that they are pretty stingy with commissions on short sales and foreclosures.

would you rather have this in TR w/premier IHS schools for $639K or Casa de IPO for $600K? Lots of families would trade the location with all it brings for the extra BR. This is still WTF.

Turtle Ridge O.G’s! Represent!

“Susan Green has an anger problem”

www.youtube.com/watch?v=4hz9aAytcjU

” ! ! We Love Susie Green ! ! ! ! “

I don’t get Chamillionaire. Is that because I’m white?

Based on the two pictures above, that looks like a very nice place, something my wife and I would like to live in.

Unfortunately we can’t afford it, at the WTF price or even at the current asking price, or even 20% less than the current asking price.

I don’t want much more than 30% of my income (not my household income; just mine) to go to housing (including mortgage, taxes, HOA, and mello-roos). Call me silly, but I’d much rather live in a less desirable place that may not be new and shiny to have some extra cash in my pocket to save and spend on my toys.

great place for 380k

Great place if you don’t mind traffic noise, since those fabulous “canyon views” are really of the 73fwy and the development site across the toll road.

At least it doesn’t back to the 405fwy!

I’m surprised no one put up the rental equivalent value yet.  Rent will be limited by having only 2 bedrooms, the 1/2 bath (cat litter room) wouldn’t help increase rent.  So let’s say max rent for 2 bdrm condo is $2,000 - $2,200.  At IR’s GRM of 160, that puts the rental equivalent at $320 - $350K.

This place has a long way to go.  And condo’s really got hammered in the last downturn for just this reason.

$640k to live in a box?  No thanks, I don’t care if it is in North Quail Riding on a Turtle Canyon.

Pre-forclosure means it will be a lot cheaper in a month or so after the bank has to unload it.  What a waste.

IR,

I recall challenging you to an article on the “what if Fannie and Freddie fail?” scenario. I didn’t really expect it to happen then but now it looks probable. Since this could have a MAJOR effect on local (and national) real estate prices please look into your crystal ball and tell us. Does this mean we really could see the $800K house go to $300K instead of $450K, in Irvine no less? And could it crash faster than anyone predicted?

A penny for your thoughts!

“SECURITY SYSTEM”

The first thing I think of when I see this is, “why do they need a security system?”  I have to assume the area isn’t dangerous so the current owners must have a vast collection of very expensive paintings to protect, right?

“OVERLOOKING THE CANYON/MOUNTAINS, VERY QUIET AND SERENE LOCATION”

This is the “SERENE” location that needs an alarm system, right?

One might assume from this description that this property lies on top of a promontory of some kind.

Then again, assuming is a never a good thing, is it?

“BOTH BEDROOMS OVERLOOK THE CANYON.”

Oh, and I presume the bedrooms face the street (or whatever is in front of the condo) because it appears the back windows face into the side of hill.  No.  Let me clarify that, the images posted clearly show the home is not on the crest of anything, it’s on the side of hill.  So maybe they can see over their neighbors across the condo parking lot from them.

I guess that could be the “SERENE” part.  What?  No “city lights” in the description?

What is with the random end tables and small bits of furniture sitting in some rooms, while other rooms are empty? And the dwindling roll of paper towels and the two spice jars in the otherwise abandoned kitchen, why are they there?

Is this supposed to be “Staging”, or is this stuff just junk the homeowners couldn’t fit into the moving van when they moved out in the middle of the night while they avoided eye contact with the neighbors?

I’m thinking it’s the latter. But seriously, shouldn’t the Realtard have removed these bits of junk and debris before picture day?

These types of sales just make me laugh hysterically at the idiocy of not only OC’s Real Estate market, but also of the clients and Realtards who are intimately involved in it. There couldn’t be a more pathetic group of people in the modern world. But someone please thank them for all the laughs!