Beacon Park- Buy Now or Wait!?

[eyephone]

C e m e t a r y in BP

So did he type cemetery in Orange County?
If so, there are a couple of cemetery's in Santa Ana which is near Tustin.

 

[Cornflakes]

Amen to "Milling dollar home in BP do not feel like a million dollar home." As for cookie cutter, BP is no different than rest of Irvine. Its just there 45 types of cookies in BP, and you can make them look even more different, on the outside at least, by changing up color schemes.

As long as your dislike for cookie cutter does not trump the likes for great schools and amenities, Irvine is great place to raise kids.

 

[MFWIC]

It would be incredibly hard to time the perfect moment to sell and buy.  Where would you live in the meantime while you wait for the house price to drop.  Is it better to sell your current dwelling at market highs and buying the house at market highs?  Or selling your dwelling at lower price and buy your house at a lower price.  If you decide to rent, which is expensive.  Renting an apartment suitable for a family in Irvine will run you $2,200 or a small house around $3,000.  How much could you save ultimately?


I would rather take a hit and sell my dwelling at a reduced price and purchase the new home at the lower pricing.  The long term savings of paying less MR and property taxes will be more beneficial and with a better chance for making a profit at the end when you do sell again.

 

[dream16]

It would be incredibly hard to time the perfect moment to sell and buy.  Where would you live in the meantime while you wait for the house price to drop.  Is it better to sell your current dwelling at market highs and buying the house at market highs?  Or selling your dwelling at lower price and buy your house at a lower price.  If you decide to rent, which is expensive.  Renting an apartment suitable for a family in Irvine will run you $2,200 or a small house around $3,000.  How much could you save ultimately?


I would rather take a hit and sell my dwelling at a reduced price and purchase the new home at the lower pricing.  The long term savings of paying less MR and property taxes will be more beneficial and with a better chance for making a profit at the end when you do sell again.

\

Sorry to dash your hopes, but any decent 2 bed-room apartment costs a bare minimum of $2400 to rent in Nov-Feb timeframe (the worst time to rent out a home from a landlords perspective) and it goes upto $2900 for the same in Summers.

My suggestion: Build Equity, sell at high, rent out in limbo for an year or two and save 100+k on new purchase if the price drops, but then would your family be comfortable doing the whole drill and counting/vouching on predictions/tits-bits of analysis/patterns? Many don't and rather sell high/buy high

 

[nyc to oc]

It would be incredibly hard to time the perfect moment to sell and buy.  Where would you live in the meantime while you wait for the house price to drop.  Is it better to sell your current dwelling at market highs and buying the house at market highs?  Or selling your dwelling at lower price and buy your house at a lower price.  If you decide to rent, which is expensive.  Renting an apartment suitable for a family in Irvine will run you $2,200 or a small house around $3,000.  How much could you save ultimately?


I would rather take a hit and sell my dwelling at a reduced price and purchase the new home at the lower pricing.  The long term savings of paying less MR and property taxes will be more beneficial and with a better chance for making a profit at the end when you do sell again.

\

Sorry to dash your hopes, but any decent 2 bed-room apartment costs a bare minimum of $2400 to rent in Nov-Feb timeframe (the worst time to rent out a home from a landlords perspective) and it goes upto $2900 for the same in Summers.

My suggestion: Build Equity, sell at high, rent out in limbo for an year or two and save 100+k on new purchase if the price drops, but then would your family be comfortable doing the whole drill and counting/vouching on predictions/tits-bits of analysis/patterns? Many don't and rather sell high/buy high

$2900 is overpriced for a 2 BR. There are plenty of perfectly nice 3 BR/2.5BA rentals on the market for that price point.

 

[NewtoIrvine1]

It would be incredibly hard to time the perfect moment to sell and buy.  Where would you live in the meantime while you wait for the house price to drop.  Is it better to sell your current dwelling at market highs and buying the house at market highs?  Or selling your dwelling at lower price and buy your house at a lower price.  If you decide to rent, which is expensive.  Renting an apartment suitable for a family in Irvine will run you $2,200 or a small house around $3,000.  How much could you save ultimately?


I would rather take a hit and sell my dwelling at a reduced price and purchase the new home at the lower pricing.  The long term savings of paying less MR and property taxes will be more beneficial and with a better chance for making a profit at the end when you do sell again.

\

Sorry to dash your hopes, but any decent 2 bed-room apartment costs a bare minimum of $2400 to rent in Nov-Feb timeframe (the worst time to rent out a home from a landlords perspective) and it goes upto $2900 for the same in Summers.

My suggestion: Build Equity, sell at high, rent out in limbo for an year or two and save 100+k on new purchase if the price drops, but then would your family be comfortable doing the whole drill and counting/vouching on predictions/tits-bits of analysis/patterns? Many don't and rather sell high/buy high

$2900 is overpriced for a 2 BR. There are plenty of perfectly nice 3 BR/2.5BA rentals on the market for that price point.

Agreed 3 Br condo's are on the market in Irvine at 2400 a month-2500 a month a dime a dozen.

Apartments in Irvine are actually dropping in price i see plenty of 3 BR apartments for rent @ the 2400 price point  and 2BR below 2000/Month from Irvine Company

http://www.padmapper.com/show.php?source=151&id=248019165&src=main

http://www.padmapper.com/show.php?source=3&id=247947781&src=main

http://www.padmapper.com/show.php?source=151&id=245701447&src=main

http://www.padmapper.com/show.php?source=151&id=246692613&src=main

 

[dream16]

It would be incredibly hard to time the perfect moment to sell and buy.  Where would you live in the meantime while you wait for the house price to drop.  Is it better to sell your current dwelling at market highs and buying the house at market highs?  Or selling your dwelling at lower price and buy your house at a lower price.  If you decide to rent, which is expensive.  Renting an apartment suitable for a family in Irvine will run you $2,200 or a small house around $3,000.  How much could you save ultimately?


I would rather take a hit and sell my dwelling at a reduced price and purchase the new home at the lower pricing.  The long term savings of paying less MR and property taxes will be more beneficial and with a better chance for making a profit at the end when you do sell again.

\

Sorry to dash your hopes, but any decent 2 bed-room apartment costs a bare minimum of $2400 to rent in Nov-Feb timeframe (the worst time to rent out a home from a landlords perspective) and it goes upto $2900 for the same in Summers.

My suggestion: Build Equity, sell at high, rent out in limbo for an year or two and save 100+k on new purchase if the price drops, but then would your family be comfortable doing the whole drill and counting/vouching on predictions/tits-bits of analysis/patterns? Many don't and rather sell high/buy high

$2900 is overpriced for a 2 BR. There are plenty of perfectly nice 3 BR/2.5BA rentals on the market for that price point.

Agreed 3 Br condo's are on the market in Irvine at 2400 a month-2500 a month a dime a dozen.

Apartments in Irvine are actually dropping in price i see plenty of 3 BR apartments for rent @ the 2400 price point  and 2BR below 2000/Month from Irvine Company

http://www.padmapper.com/show.php?source=151&id=248019165&src=main

http://www.padmapper.com/show.php?source=3&id=247947781&src=main

http://www.padmapper.com/show.php?source=151&id=245701447&src=main

http://www.padmapper.com/show.php?source=151&id=246692613&src=main

Sorry but the square footage on these things are a joke, 1100 sq ft, 3 bed ..lmao..no freaking way is anyone paying 2400$ to rent that box, any well built, new apartment >1500 sq ft will rent b/w 2600-2900$ depending on your property management company and luck.

 

[Cornflakes]

$2900 is overpriced for a 2 BR. There are plenty of perfectly nice 3 BR/2.5BA rentals on the market for that price point.

Supply and demand people. The rent for apt will depend on how many units are sitting empty at the time and what is demand forecast. Sure, summer months have higher demand. What if IAC have much higher inventory at that point. They are not going to ask 2900.

 

[AW]

Not when you deal with TIC.  They set whatever prices they want. 

 

[nyc to oc]

It would be incredibly hard to time the perfect moment to sell and buy.  Where would you live in the meantime while you wait for the house price to drop.  Is it better to sell your current dwelling at market highs and buying the house at market highs?  Or selling your dwelling at lower price and buy your house at a lower price.  If you decide to rent, which is expensive.  Renting an apartment suitable for a family in Irvine will run you $2,200 or a small house around $3,000.  How much could you save ultimately?

I would rather take a hit and sell my dwelling at a reduced price and purchase the new home at the lower pricing.  The long term savings of paying less MR and property taxes will be more beneficial and with a better chance for making a profit at the end when you do sell again.

\

Sorry to dash your hopes, but any decent 2 bed-room apartment costs a bare minimum of $2400 to rent in Nov-Feb timeframe (the worst time to rent out a home from a landlords perspective) and it goes upto $2900 for the same in Summers.

My suggestion: Build Equity, sell at high, rent out in limbo for an year or two and save 100+k on new purchase if the price drops, but then would your family be comfortable doing the whole drill and counting/vouching on predictions/tits-bits of analysis/patterns? Many don't and rather sell high/buy high

$2900 is overpriced for a 2 BR. There are plenty of perfectly nice 3 BR/2.5BA rentals on the market for that price point.

Agreed 3 Br condo's are on the market in Irvine at 2400 a month-2500 a month a dime a dozen.

Apartments in Irvine are actually dropping in price i see plenty of 3 BR apartments for rent @ the 2400 price point  and 2BR below 2000/Month from Irvine Company

http://www.padmapper.com/show.php?source=151&id=248019165&src=main

http://www.padmapper.com/show.php?source=3&id=247947781&src=main

http://www.padmapper.com/show.php?source=151&id=245701447&src=main

http://www.padmapper.com/show.php?source=151&id=246692613&src=main

Sorry but the square footage on these things are a joke, 1100 sq ft, 3 bed ..lmao..no freaking way is anyone paying 2400$ to rent that box, any well built, new apartment >1500 sq ft will rent b/w 2600-2900$ depending on your property management company and luck.

From a renter's perspective, I would think the functionality of the extra 3rd bedroom would trump extra square footage in a 2 BR.  Think about it, you're renting, its temporary. Why pay so much for extra space that still is functionally similar to a smaller 2 BR? (within reason of course). I could rent happily in a 900-1000 sq ft 2 BR, and would not be willing to pay a 500 to 600 dollar month premium to get the 1500 sq ft 2 BR which is still after all, a 2 BR. On the other hand, if I  NEED to have the 3 BR, due to family size or whatever, then I just have to pay up. 

 

[dream16]

Not when you deal with TIC.  They set whatever prices they want.

What is TIC?

 

[dream16]

It would be incredibly hard to time the perfect moment to sell and buy.  Where would you live in the meantime while you wait for the house price to drop.  Is it better to sell your current dwelling at market highs and buying the house at market highs?  Or selling your dwelling at lower price and buy your house at a lower price.  If you decide to rent, which is expensive.  Renting an apartment suitable for a family in Irvine will run you $2,200 or a small house around $3,000.  How much could you save ultimately?

I would rather take a hit and sell my dwelling at a reduced price and purchase the new home at the lower pricing.  The long term savings of paying less MR and property taxes will be more beneficial and with a better chance for making a profit at the end when you do sell again.

\

Sorry to dash your hopes, but any decent 2 bed-room apartment costs a bare minimum of $2400 to rent in Nov-Feb timeframe (the worst time to rent out a home from a landlords perspective) and it goes upto $2900 for the same in Summers.

My suggestion: Build Equity, sell at high, rent out in limbo for an year or two and save 100+k on new purchase if the price drops, but then would your family be comfortable doing the whole drill and counting/vouching on predictions/tits-bits of analysis/patterns? Many don't and rather sell high/buy high

$2900 is overpriced for a 2 BR. There are plenty of perfectly nice 3 BR/2.5BA rentals on the market for that price point.

Agreed 3 Br condo's are on the market in Irvine at 2400 a month-2500 a month a dime a dozen.

Apartments in Irvine are actually dropping in price i see plenty of 3 BR apartments for rent @ the 2400 price point  and 2BR below 2000/Month from Irvine Company

http://www.padmapper.com/show.php?source=151&id=248019165&src=main

http://www.padmapper.com/show.php?source=3&id=247947781&src=main

http://www.padmapper.com/show.php?source=151&id=245701447&src=main

http://www.padmapper.com/show.php?source=151&id=246692613&src=main

Sorry but the square footage on these things are a joke, 1100 sq ft, 3 bed ..lmao..no freaking way is anyone paying 2400$ to rent that box, any well built, new apartment >1500 sq ft will rent b/w 2600-2900$ depending on your property management company and luck.

From a renter's perspective, I would think the functionality of the extra 3rd bedroom would trump extra square footage in a 2 BR.  Think about it, you're renting, its temporary. Why pay so much for extra space that still is functionally similar to a smaller 2 BR? (within reason of course). I could rent happily in a 900-1000 sq ft 2 BR, and would not be willing to pay a 500 to 600 dollar month premium to get the 1500 sq ft 2 BR which is still after all, a 2 BR. On the other hand, if I  NEED to have the 3 BR, due to family size or whatever, then I just have to pay up.

I have actual MLS data reflecting the fact regarding the rentals of pricing.

 

[lnc]

Not when you deal with TIC.  They set whatever prices they want.

What is TIC?

The I-own-everything-in-Irvine Company. >
http://www.talkirvine.com/index.php/topic,13988.0.html

 

[dream16]

Not when you deal with TIC.  They set whatever prices they want.

What is TIC?

The I-own-everything-in-Irvine Company. >
http://www.talkirvine.com/index.php/topic,13988.0.html

'

TIC is also notorious for looting people off their deposits and what not...so would you rather rent with them or someone private who actually gives a damn about keeping their home in a good condition and returning the max possible out of your deposit?

 

[WTTCHMN]

Join us for the Realtor Lunar New Year Event at Beacon Park where you?ll have an opportunity to tour our 44 new models.

Beacon Park, our second neighborhood, is a Realtor friendly community. Come hop on a golf cart, come grab a tea, and look at our many models!

When: Wednesday, February 10, 11 am-2 pm

What: Dim Sum Lunch

Where: The Beacon Park Meeting House at 501 Benchmark

 

[WTTCHMN]

Join us for the Realtor Lunar New Year Event at Beacon Park where you?ll have an opportunity to tour our 44 new models.

Beacon Park, our second neighborhood, is a Realtor friendly community. Come hop on a golf cart, come grab a tea, and look at our many models!

When: Wednesday, February 10, 11 am-2 pm

What: Dim Sum Lunch

Where: The Beacon Park Meeting House at 501 Benchmark

44 models?  No wonder Beacon Park isn't selling.  Ironic they are promoting this...  time to fire their copy editor!

 

[Perspective]

I had to read that a couple times before I "got it." Maybe you should put quotes around "44" so that us non-superstitious folk can identify the "problem" easily?

 

[hello]

Join us for the Realtor Lunar New Year Event at Beacon Park where you?ll have an opportunity to tour our 44 new models.

Beacon Park, our second neighborhood, is a Realtor friendly community. Come hop on a golf cart, come grab a tea, and look at our many models!

When: Wednesday, February 10, 11 am-2 pm

What: Dim Sum Lunch

Where: The Beacon Park Meeting House at 501 Benchmark

Dim sum lunch?  Hmmmm I wonder who they are catering to?

 

[irvinebullhousing]

REALTORS.

I was there and quite a nice lunch.

 

[Alvis]

If you're considering buying a home built by Warmington Residential (Opus at Beacon Park), check out their reviews before you decide to buy. While their homes appear to be beautiful, the quality is poor and resolving issues through their customer service is almost impossible. Don't take my word for it though. Check out what other people are saying:
http://www.yelp.com/biz/warmington-residential-costa-mesa
http://www.consumeraffairs.com/housing/warmington_home_builders.html

Buyer beware!