Ironwood - PS

NEW -> Contingent Buyer Assistance Program
waitin4ever said:
I'm not sure why TIC is pricing portola homes lower than 2010 collection homes. When we bought last year the downside of irvine homes i thought
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Higher HOAs and MRs at PS is probably one of the reasons.

And right now, desirability is lower there because there is no 3rd place (shopping center) nor on-village elementary school.
 
I read those credits are only for 2010 contracts:
http://www.ftb.ca.gov/individuals/new_home_credit.shtml
As shown in the numbers below, we have received New Home Credit reservation requests and applications claiming more than $100 million. Since many of these are duplicate, invalid, revised, for purchases that have been cancelled, or include both a reservation request and application for the same property, we will accept at least 28,000 total reservation requests and applications. We need to insure that we have more than enough valid and unique applications to allocate the full $100 million. The additional applications will be subject to the availability of remaining credits. We will only issue approved certificates of allocation until the $100 million is exhausted. We will announce the final cut-off date on this web-page at least one week in advance. New homes closing escrow in 2011 are only eligible for the New Home Credit if the home is purchased pursuant to an enforceable contract executed on or before December 31, 2010.
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USCTrojanCPA said:
akula1488 said:
any one got their InO burgers yesterday? it was so hot yesterday....Portola Springs should be renamed to Portola Desert in summer. who would buy in PS is beyond me.
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And Woodbury wasn't hot?  haha  I love how Portola Springs gets so much hate even though it's about 1 mile from beloved Woodbury. 
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Well, over here in QH, we get some nice breezes :-)
 
Ironwood not really selling good. They had free InO burgers on the grand opening and they had free Tacos just a couple weeks ago (grand opening II). I think they only sold 1 or 2 units since opening weekend.
 
I think attached products have some stigma unless they are priced really low or in a great location (ie Santa Barbara in Woodbury).

It's probably why TIC/Irvine Pacific decided to detach Los Altos and Capistrano for Stonegate.
 
akula1488 said:
Ironwood not really selling good. They had free InO burgers on the grand opening and they had free Tacos just a couple weeks ago (grand opening II). I think they only sold 1 or 2 units since opening weekend.
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Well, when I went there during Taco Day, just a bunch of people who weren't interested in the homes and just wanted to eat.

In any case, the freakin KB Home lady there is too pushy. Kinda rude if you ask me. I guess they are desperate for buyers.

And by the way, didn't like the floorplans at all. Kinda crappy if you ask me. But then again, what do you expect from KB
 
Yeah, the floor plans are creepy, but we liked plan-1, for some specific reasons. Kitchen is kind of separated but still open to living space (planning a dining + pool table combo), having 3 BR + Loft, tech areas in 1950 sqft. I kind of felt the plan-1 was built efficiently.

We are thinking about buying Ironwood in Portola Springs. We negotiated with them and intends to buy, if they accept our offer with some incentives. The per sqft price works out about $250. Is this good price for an attached product in portola springs by KB Home?

We know the following negative points about Ironwood @ Portola by KB Homes, is there anything I am missing or over seeing, or you would say this is good enough to skip this product all together?

1. Close to Toll Roads
2. In Fire Hazard Zone
3. Attached Product with no decent driveway and yard.
4. KB quality is inferior
5. High HOA (I wouldn't say mello-roos is high, for Ironwood alone, because most/all of TIC new communities are about 3.5 to 4 K range mello-roos)

The only plus point I am seeing is price point, we are able to negotiate the pricing to factor in these and hoping to get $250 sqft on this product. Does this pricing point offset the shortcomings? Or It would still be a not so good product? I value your opinion, I have been following up TI for last one year and I thought to get your input, before we take a plunge.


 
Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hand out their with out a buyer than make any sensible pricing. Good luck with that!!! :-)
 
tamilraj2003 said:
Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hand out their with out a buyer than make any sensible pricing. Good luck with that!!! :-)
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Don't worry, there is a lot more new product coming down the pipe and there is always resale. You will be glad you passed. Good luck with your future home search.
 
tamilraj2003 said:
Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hand out their with out a buyer than make any sensible pricing. Good luck with that!!! :-)
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So at $250/sq ft. you offered them $487,500, what is the current pricing of the unit? I know there are a couple of plan 2's and 3's on MLS for $261/sq ft. 
 
I just can't get over the $400/mos HOA.  That is really high...and PS doesn't have nearly as many amenities as WB which also has an activity director and several annual neighborhood events.  With the MR, that's about $800/mos (not tax deductible) out per month...ugh.
 
Potential buyers beware!  We were interested in Ironwood and had given permission to copy our Pre-Qual. docs from Primrose with Mary P. at Ironwood.  We even picked out the lot we may want in a later phase and was told that we had first choice should we decide to purchase since we are the first ones to submit pre-qual. docs. 

Well couple of weeks ago, I went in to check, and was told by Mary that they didn't have my pre-qual docs and thought they may have shredded them because they were old.  She promised me that she will check on the situation/ call Primrose to get another copy and to call her in a couple of weeks. 

I called her 2 weeks later, and she obviously hadn't checked.  Told me that there were other people already signed up for the particular lot we were interested.  She told me that I had to fill out another pre qual doc and meanwhile, she will check what happened to my old docs.  When I complained that she promised to check on the docs 2 weeks ago, and was concerned about the priority situation, she sounded annoyed at me and gave me attitude.  She didn't apologize, but rather acted offended that I was unhappy about them not knowing where my pre-qual docs were and that I lost any priority I had on the lot we selected months ago.

So apparently, from what I now understand, they shred your pre-qual docs if you don't buy something soon after you submit them, and they won't let you know that they shred them.  Also, when they shred your pre-qual doc, you lose your priority.

Can't believe she told me she'll look into it and never did!  Can't believe she gave me attitude after I complained about poor customer service! Don't they want to sell those units?

Anyways, we are still looking and are still very interested in other neighborhoods other than Ironwood and this experience (esp. disorganization and the attitude) really makes me want to stay away from KB home.
 
That's okay. Just go back there in 16 months when the entire Ironwood complex is abandoned, desolate, and in disrepair.

You'll probably be able to pick the best lot by then. Just make sure you're armed, and ready just in case you encounter any cannibals squatters.
 
kayochan said:
Potential buyers beware!  We were interested in Ironwood and had given permission to copy our Pre-Qual. docs from Primrose with Mary P. at Ironwood.  We even picked out the lot we may want in a later phase and was told that we had first choice should we decide to purchase since we are the first ones to submit pre-qual. docs. 

Well couple of weeks ago, I went in to check, and was told by Mary that they didn't have my pre-qual docs and thought they may have shredded them because they were old.  She promised me that she will check on the situation/ call Primrose to get another copy and to call her in a couple of weeks. 

I called her 2 weeks later, and she obviously hadn't checked.  Told me that there were other people already signed up for the particular lot we were interested.  She told me that I had to fill out another pre qual doc and meanwhile, she will check what happened to my old docs.  When I complained that she promised to check on the docs 2 weeks ago, and was concerned about the priority situation, she sounded annoyed at me and gave me attitude.  She didn't apologize, but rather acted offended that I was unhappy about them not knowing where my pre-qual docs were and that I lost any priority I had on the lot we selected months ago.

So apparently, from what I now understand, they shred your pre-qual docs if you don't buy something soon after you submit them, and they won't let you know that they shred them.  Also, when they shred your pre-qual doc, you lose your priority.

Can't believe she told me she'll look into it and never did!  Can't believe she gave me attitude after I complained about poor customer service! Don't they want to sell those units?

Anyways, we are still looking and are still very interested in other neighborhoods other than Ironwood and this experience (esp. disorganization and the attitude) really makes me want to stay away from KB home.
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Sorry to hear about your bad experience with KB.  There is a reason why the aren't ranked very high as builder...questionable build quality and poor customer service.  If you guys can afford it, check out Sevilla and/or Las Ventanas. 
 
Ok, so Mary just called and told me that they found my docs but that no notes were made on which lots I was interested in so I will have to fill out a reservation form (I am rapidly losing interest in this neighborhood so I doubt if I will do this).  Apparently, it doesn't matter when you submit your pre-qual.  What matters is when you submit a reservation form (no fee req'd).  This is something she never mentioned at our first meeting.  She only told me that to get priority, I needed to submit pre-quals. 

Now she told me that the priority I got from submitting the pre-quals. was so I could be one of the first people to get a phone call notifying me when phases one and two were opening  ???

Anyways, she did seem genuinely sorry for the misunderstanding though.  Oh well, like Indie said, I will just sit tight and wait to see where prices go from here...meanwhile I'll catch up on more Z fiction to learn how to protect myself from the inevitable...he he
 
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