Irvine Housing Forums

Real Estate Web Sites and the Irvine Mkt.

2009-12-04T14:16:52Z

Has anyone noticed that different web sites seem to display different listings for sales, and foreclosures.

As an example, Google foreclosures seems to have some of the same, but at the same time I see a lot of different listings than foreclosureradar.com

Another example, redfin seems to have some different listings than zillow and homeseekers seems to be different some of the listings.

Is there a reason for this?

124 Winslow Ln (The same flipper is coming back again)

2009-12-03T05:05:33Z

EQUITY SELLER!! NOT a short sale or REO. Corporate owned free & clear. Bring your pre-approved buyers and close FAST!! This is beautiful, turnkey home on a quiet greenbelt in the Northwood Pointe tract. All new interior paint. Upgraded cherrywood flooring downstairs,ceramic tile in baths and all new carpet upstairs. Plantation shutters throughout, added central ceiling lights and recessed lights; extensive storage cabinets in garage with workbench. Elegant dining room with fireplace and built-ins. Separate office/computer loft upstairs. Walking distance to canyon View elementary and Northwood High School. Association amenities include pool, tennis courts,playground and sport courts

Please provide pre-approval with scores and proof of funds with all offers.
Write all offers to Winslow Lane Trust 124. Owners have never occupied home.

Price $500,000
ASqFt 1,182 Estimated
LP/SqFt $423.01

This is the same flipper who flip 29 Grape Arbor with great success
He list Grape Arbor with LP/SqFt $323.54

The same flipper is coming back, only this time he get more greedy
He ask for LP/SqFt $423.01, instead of LP/SqFt $323.54

LP/SqFt $423.01 for a tiny 1182 SQF condo !!

All I can say, he is asking way too much this time.

Winslow Lane Trust 124

http://www.redfin.com/CA/Irvine/124-Winslow-Ln-92620/home/4791124

http://www.irvinehousingblog.com/forums/viewthread/6072/

for more details refer to
29 Grape Arbor in Northwood II (another flipper listing coming to an MLS near you)

FCB and money laundering

2009-11-29T02:28:15Z

I wonder how common is this in Irvine?

http://www.marketwatch.com/story/why-money-launderers-might-want-your-home-2009-11-27

WASHINGTON (MarketWatch)—Question: I am a broker in Irvine, Calif. I recently sold a home which drew five offers in five days. In reviewing the buyers’ financials for all five offers, I noticed that most of their accounts showed a number of large deposits over the previous 30 days from overseas—Taiwan, Hong Kong and China. Evidently, however, the buyers didn’t have to show their mortgage lenders any additional documentation as to whether these deposits were family gifts, loans or what.

Laguna Crossing Delayed Until 2013

2009-11-28T18:19:18Z

...according to the Irvine Co’s website. I remember when the sign out in front of the grading project said “Coming Fall 2007” Seems like the Irvine Co doesn’t think high-end demand is coming back anytime soon.

http://www.villagesofirvine.com/Village-Living/Laguna-Crossing.aspx

^ Clicky. - SoCal

Low end of the market

2009-11-25T03:00:14Z

What do you guys think of the low end of the irvine market now. Im talking about condos around the 200K mark.

Although IrvineRenter predicts the median price will drop (how much from now btw?), what are your thoughts about properties in this range?

Thanks

Thoughts/Info on 11 Granada in Irvine?

2009-11-24T19:35:57Z

Would like to get your thoughts/any background info on this property. This is a short sale and they seem to keep listing and then de-listing it. any info/thoughts will be appreciated.

anyone on this forum already bid on this and heard back from them?

Irvine Unemployment Rate is 3.9%, while the rest of the country has a 10.3% unemployment rate? Is this information correct? Graphix anyone?

2009-11-23T01:55:06Z

http://realestate.yahoo.com/California/Irvine/neighborhoods

1 Cornsilk - Need help

2009-11-22T09:01:18Z

This property was profiled by IR a while back and everybody pretty much tore it apart (rightfully so). But the owner is a personal friend of mine and I think he just hooked up with a bad agent. He’s a good guy, 20% down, no Heloc abuse. He needs to sell to move to take care of his parents. His current listing of 760k is clearly way to high. After hearing me out, he agrees with this. So now the question is what do you think is a fair asking price in the current market? Please, no comments on its “worth” or how far off it is from rental parity. I would really like suggestions on what the knife catchers currently out and about might be willing to pay for it. And BTW, I’m meeting with him next week to help him take new pictures to replace the lame ones his agent took. Any suggestions would be greatly appreciated.

Water Heater : Does Irvine require water heater to be placed/mounted up from cement floor?

2009-11-21T21:54:29Z

Anyone knows if Irvine requires the water heater to be on some sort of platform. Our pending purchase has the water heater placed directly on the cement floor of the garage. It’s been braced & strapped, but not on a wooden block as usually seen in Irvine homes. My search on Irvine City Hall is not clear. Thanks!

Here’s what $1 million will buy you in Irvine

2009-11-20T19:18:05Z

http://irvinehomes.freedomblogging.com/2009/11/20/heres-what-1-million-will-buy-you-in-irvine/10441/