Asking Price: $675,000
Purchase Price: $624,500
Purchase Date: 8/19/2005
Address: 75 Chantilly, Irvine, CA 92620
Sq. Ft.*: 1,824
Year Built: 2005
$/Sq. Ft.*: $370
Status: Active on market
On Redfin: 265 days
The word “Chantilly” brings up many historical and artistic references ranging from a picturesque region in France, to orchids, fine lace, and classic music from the Big Bopper. There is a certain “feel good” quality with Chantilly. However, I don’t think our homedebtors are feeling particularly good about the dead weight they have been carrying for most of the last year: 265 days on the market. Wow!
I know this isn’t rocket science, so what advice would you give someone who has been trying to sell their house for almost a year? Lower the price, perhaps?
Therein lies the problem: They are a flipper, so they have no equity. If they sell for their asking price of $675,000 assuming a 6% commission, they will make exactly $10,000. Of course, they may not be paying a 6% commission. Do you think their relative/realtor will kick back some of the commission?
From Redfin: “REDUCED, REDUCED. OWNER IS MOTIVATED WILL CONSIDER ALL OFFERS!!!!!!!Just like new. 1 year old Charming 2bd + office downstairs or possible 3rd bedroom, 2 bath condo. New paint throughout, stainless steel appliances. Spacious bedroom and master suite. Spacious floor plan with great room appeal. French doors go out from kitchen/eating area to balcony. Cozy courtyard. Best priced home in the area. Agent related to the seller. [emphasis mine] OWNER IS MOTIVATED TO SELL.”
Do realtors realize how lame it is when they write in ALL CAPS and put in 7 exclamation points for emphasis? They are ANNOYING!!!!!!! OBNOXIOUS!!!!!!! IRRITATING!!!!!!! AGGRAVATING!!!!!!! Pardon my rant… It needed to be said…
This seller must be motivated. They are willing to sell real estate without making a huge profit. It has only taken them 265 days to give up their profit. How MOTIVATED!!!!!!!
Just think, for $675,000 you can live in a two bedroom condo with a great view of your neighbor’s bedroom. You better hurry, at only 265 days on the market, this one is going FAST!!!!!!!
Chantilly lace and a pretty face
And a pony tail hanging down
That wiggle in the walk and giggle in the talk
Makes the world go round