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The listing was active for 3 days and sold for cash with a 35k credit to the seller to cover seller costs not paid by the short sale lender. It's interesting it came in at the low end of the Automated Valuation Model from July 13th, estimating a value between $924,900 and $1,107,400

Yep. Single Family Residences and Townhomes (or PUD's - Planned Unit Developments) residing within an HOA will need to confirm the HOA conforms to the lenders guidelines and a Condo Cert is often used for that purpose - unless the HOA has created their own PUD Cert). But condos that aren't on...

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The difference is significant when buying Real Estate. When you buy a townhouse that means you're buying the inside, outside and land. But the major part is how lenders view them - townhomes don't have special qualification parameters - they're similar to Single Family Residences. When you...

What does LL mean?

In Anaheim. There's a spot on Jeffrey and Sand Canyon, near the train tracks, that I drive along that have driveways that go nowhere ... into the dirt. Probably for future development. The motorcycle cops tuck themselves into it so motorists can't see them until it's too late - they sit on...

I wonder why California's front license plate law isn't enforced for Tesla's in Irvine? I've only seen one Tesla with a front plate. I received a citation for not having one on my new car and wasn't able to install it because it didn't have the holes on the bumper for a plate, so I took my...

I checked the Title ... It's a condo - not a townhouse.

It's not about adding value, it's entirely about Health and Safety. The VA home loan program refers to it as Safe, Sound and Sanitary. Lending institutions require permits for any type of construction, depending on local requirements and they use the stricter of the entities. If a city...

It comes up twice, with the Appraisal and Home Inspection. Today's Appraiser's don't depend on repeat business like that anymnore - those that did went out of business in 2008-9.

It doesn't have anything to do with the homeowner - it's entirely about lending requirements. Fannie, Freddie, FHA, USDA and FHA have guidelines that require proper permits and inspections, as per local county and city requirements, for construction projects - major and minor. You don't have...

He's adding a closet, which involves construction. We don't know the details but I'm guessing it'll need to be framed, drywalled, have a door installed and electrical.

It's all about diversification and risk tolerance OCtoSV. Stocks, bonds, precious metals, CD's, Real Estate, etc. It's not safe to be in a single type of financial product ... it's important to diversify.

I'd be looking for a minimum bedroom count of 3 and minimum bath of 2, close to award winning schools. There's only one that fits that description in Irvine for under a million and it was just listed today ... it's super clean and will sell quick -...

I just went through this with an Escrow we closed yesterday - it can get messy when it's time to sell your property and can kill transactions. Irvine is the pickiest city in Orange County when it comes to permits ... it's much easier to get the permit in the beginning.

You may find this useful superballamy. It's a live link, updating itself automatically the 1st of every month and shows the average rental price for a 3 bedroom 2 bath in Irvine and neighboring cities Tustin, Santa Ana and Lake Forest. You'll notice it doesn't display anything for Tustin last...

Anything related to Code, Health and Safety will be taken care of prior to Escrow closing, but everything else falls under the builders warranty, which is usually a year. I learned a valuable lesson when I purchased my brand new home ... my wife and I did the final walk through and created our...

That combination rents quickly - there are 6 that match the criteria today. It increases to 24 at <4.0k

I'm not seeing the 10% dip ... in May 2022 the average rental price was 4,300 and increased to 4,500 in May 2023. In June 2022 the average rental was 4,500 and remains the same for June 2023 at 4,500 1684 homes have rented in Irvine since January 1st, an average of 8.7 per day, and today there...

It's really important to have a home, regardless of if it's new or a resale, professionally inspected by home and roofing Inspectors and any other type of inspection you'd like to get, well in advance of the final walkthrough. Why would the Builder recommend getting it inspected after the walk...