ps9 said:
@ akkord and captain boba
So what were the other homes you were shopping for?
TLDR - we had our personal reasons for disliking certain areas, but Ellwood worked out for us.
I guess I can type up a bit of what we personally went through the past couple years. We've been looking on and off for the past couple of years. We currently own in Tustin Ranch and planning on keeping our current place after we move to Ellwood. Any renter's looking in the November timeframe? =D
With the decision made not to sell, we didn't want to buy anything over a million and started to look at re-sales, but to be honest we didn't really see much we liked or they were priced too high to what we would have wanted to do to the homes after renovations/remodeling. Putting in another 100-150k right after a purchase would have been a hard pill to swallow in an already high priced Irvine/Tustin market. We looked at homes in Tustin and in Irvine. We made an offer on a Northwood 2 home few months ago and got outbid by an all cash offer. We also put in a couple lowball offers on short sales to see if we would get lucky. We were specifically looking for a 4/3 with a bedroom downstairs for when guests/in-laws/parents visit and some of the older homes didn't have the open feel we like either.
I really like the Oak Creek neighborhood, but for the size of house we were looking for and the amount we want to pay, we were priced out.
So with re-sale off the list we looked at new builds. We were about to pull the trigger in PP last year, but I was in the process of potentially moving to LA for work and we decided to hold off, we ended up staying in Irvine. By the time we made a final decision to stay in Irvine, OH was about to open. The location is great for the views, but the split school district and the location wasn't where we personally preferred to be, so we scratched OH off the list.
Wife doesn't like the Stonegate neighborhood and the way it looks. Off the list.
CV was too close to the 5 freeway for us. I guess it depends where in CV you are, our friends bought there and love it. They said with the windows closed they can't hear a thing, but with it open they can definitely hear the 5.
We had been deferring Sheldon since phase 1 waiting for BP to open. The iffy school district, proximity to Jamboree, & traffic at the District is already horrible, so highly doubtful I would have bought here and if my wife convinced me to do so, most likely after 2 years I would have pushed my wife to look again.
In the end Ellwood worked out for us, the proximity to the new school and where we work were huge pluses for us. And being in phase 1 and hoping each phase pricing goes up, who doesn't like to look at that equity on paper... ;D