Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
Haha. It will definitely help with the Comps pricing. However, this one needs to come way down. We'll see. Final phase release is on Oct. 28th with pricing info on Oct. 21st. Cross our fingers~ =)
Not my home=). I wouldn't price it this high and make it a stale listing eventually. However, I do have a home in SG close from this listing that would be somewhat of a comparable. Waiting for the final release for La Vita.
I know what you mean!
Based on the sq footage of the house on Redfin, and this price sheet from the original sales at Maricopa, isn't this house actually a 3 bedroom? I'm not sure where this 4th bedroom in the listing is coming from, unless its actually a downstairs den without a closet? Can someone who knows Maricopa better enlighten us?
The standard layout for the Plan 2 was a downstairs office/den instead of a bedroom but buyers had the option to have a bedroom instead of the office/den. It's one of the largest secondary downstairs bedrooms that I've ever seen.
I'm wonder what most of you on TI would do if you are selling this house.
1. List high ($1.2 to $1.3 million) than let the buyer negotiated down or mark down later.
2. List close to comp around maybe around $1.15 m.
3. List aggressively, list below the comp (aka USCT way
) and see what market will takes it to.
This time of year, in this price range/inventory/demand, I would go with #2. In a hot market, I would go #3, but homes in the >$1M range aren't moving too fast right now. #1 is death.
I tend to agree. Interested to see how the USC #3 way would work on a $1.1M+ house in this market.
It may not work as well...you'll get a flurry of bargain hunters who don't really want/need the property, and submit at-list or slightly above offers. BUT, it might generate enough traffic to snag that one whale who really REALLY wants the property.
That might be true, but even with my listings below $1m most buyers ended up offering somewhere around the comps. Nowadays the public has a good sense of where the market is with real estate websites like Redfin. That being said, properties like 39 Splendor and 1443 Madison ended up attracting motivated buyers who bid above comps. Conversely 43 Splendor which didn't show that well still traded around comps. I tell my sellers, that the "market" will bring the market price but it's just a matter of how quickly you want it to happen will be dictated on the list price of the home.
My experience is that buyers of homes over $1m tend to be more particular about the home that they are willing to buy for over $1m. I think location and floor plan are even more important to those buyers than buyers of homes below $1m.
Q USCT You mention location and floorplan, what about lot size? In your experience whats the ranking for buyers of over $1M?
lnc said:Goriot said:
Let's pray this home sells $1.4 million if you know what I mean.
Orchard Hills here I come!
Haha. It will definitely help with the Comps pricing. However, this one needs to come way down. We'll see. Final phase release is on Oct. 28th with pricing info on Oct. 21st. Cross our fingers~ =)
Irvine Fanatic said:lnc said:Goriot said:
Let's pray this home sells $1.4 million if you know what I mean.
Orchard Hills here I come!
Hope you get above asking!
Moving to STRADA?
Not my home=). I wouldn't price it this high and make it a stale listing eventually. However, I do have a home in SG close from this listing that would be somewhat of a comparable. Waiting for the final release for La Vita.
scubasteve
Active member
lnc said:Goriot said:
Let's pray this home sells $1.4 million if you know what I mean.
Orchard Hills here I come!
I know what you mean!
If by close to 1.3, you mean around 1.15, then yes, I agree. At 1.3M, this place is a rip. Special lot, yes its nicely landscaped but its < 4K square feet. Nothing crazy with this price and with it priced as high as it is, its going to sit for a while and that will mean it sells for less then it would have had it just been priced right from the start.woodburyowner said:
ps9 said:
Nice returns if you can sell for that price, man should've would've could've
Based on the sq footage of the house on Redfin, and this price sheet from the original sales at Maricopa, isn't this house actually a 3 bedroom? I'm not sure where this 4th bedroom in the listing is coming from, unless its actually a downstairs den without a closet? Can someone who knows Maricopa better enlighten us?
usctrojancpa
Well-known member
nyc to oc said:ps9 said:
Nice returns if you can sell for that price, man should've would've could've
Based on the sq footage of the house on Redfin, and this price sheet from the original sales at Maricopa, isn't this house actually a 3 bedroom? I'm not sure where this 4th bedroom in the listing is coming from, unless its actually a downstairs den without a closet? Can someone who knows Maricopa better enlighten us?
The standard layout for the Plan 2 was a downstairs office/den instead of a bedroom but buyers had the option to have a bedroom instead of the office/den. It's one of the largest secondary downstairs bedrooms that I've ever seen.
ps99472
New member
Here you go, got a pic of that den conversion as well:
http://www.talkirvine.com/index.php/topic,1539.msg45808.html#msg45808
http://www.talkirvine.com/index.php/topic,1539.msg45808.html#msg45808
Bullsback said:
I'm wonder what most of you on TI would do if you are selling this house.
1. List high ($1.2 to $1.3 million) than let the buyer negotiated down or mark down later.
2. List close to comp around maybe around $1.15 m.
3. List aggressively, list below the comp (aka USCT way
) and see what market will takes it to. lnc said:I'm wonder what most of you on TI would do if you are selling this house.
1. List high ($1.2 to $1.3 million) than let the buyer negotiated down or mark down later.
2. List close to comp around maybe around $1.15 m.
3. List aggressively, list below the comp (aka USCT way
This time of year, in this price range/inventory/demand, I would go with #2. In a hot market, I would go #3, but homes in the >$1M range aren't moving too fast right now. #1 is death.
gasman said:lnc said:I'm wonder what most of you on TI would do if you are selling this house.
1. List high ($1.2 to $1.3 million) than let the buyer negotiated down or mark down later.
2. List close to comp around maybe around $1.15 m.
3. List aggressively, list below the comp (aka USCT way
This time of year, in this price range/inventory/demand, I would go with #2. In a hot market, I would go #3, but homes in the >$1M range aren't moving too fast right now. #1 is death.
I tend to agree. Interested to see how the USC #3 way would work on a $1.1M+ house in this market.
bones said:I tend to agree. Interested to see how the USC #3 way would work on a $1.1M+ house in this market.
It may not work as well...you'll get a flurry of bargain hunters who don't really want/need the property, and submit at-list or slightly above offers. BUT, it might generate enough traffic to snag that one whale who really REALLY wants the property.
usctrojancpa
Well-known member
gasman said:bones said:I tend to agree. Interested to see how the USC #3 way would work on a $1.1M+ house in this market.
It may not work as well...you'll get a flurry of bargain hunters who don't really want/need the property, and submit at-list or slightly above offers. BUT, it might generate enough traffic to snag that one whale who really REALLY wants the property.
That might be true, but even with my listings below $1m most buyers ended up offering somewhere around the comps. Nowadays the public has a good sense of where the market is with real estate websites like Redfin. That being said, properties like 39 Splendor and 1443 Madison ended up attracting motivated buyers who bid above comps. Conversely 43 Splendor which didn't show that well still traded around comps. I tell my sellers, that the "market" will bring the market price but it's just a matter of how quickly you want it to happen will be dictated on the list price of the home.
usctrojancpa
Well-known member
bones said:gasman said:lnc said:I'm wonder what most of you on TI would do if you are selling this house.
1. List high ($1.2 to $1.3 million) than let the buyer negotiated down or mark down later.
2. List close to comp around maybe around $1.15 m.
3. List aggressively, list below the comp (aka USCT way
This time of year, in this price range/inventory/demand, I would go with #2. In a hot market, I would go #3, but homes in the >$1M range aren't moving too fast right now. #1 is death.
I tend to agree. Interested to see how the USC #3 way would work on a $1.1M+ house in this market.
My experience is that buyers of homes over $1m tend to be more particular about the home that they are willing to buy for over $1m. I think location and floor plan are even more important to those buyers than buyers of homes below $1m.
OC troll
New member
USCTrojanCPA said:bones said:gasman said:lnc said:I'm wonder what most of you on TI would do if you are selling this house.
1. List high ($1.2 to $1.3 million) than let the buyer negotiated down or mark down later.
2. List close to comp around maybe around $1.15 m.
3. List aggressively, list below the comp (aka USCT way
This time of year, in this price range/inventory/demand, I would go with #2. In a hot market, I would go #3, but homes in the >$1M range aren't moving too fast right now. #1 is death.
I tend to agree. Interested to see how the USC #3 way would work on a $1.1M+ house in this market.
My experience is that buyers of homes over $1m tend to be more particular about the home that they are willing to buy for over $1m. I think location and floor plan are even more important to those buyers than buyers of homes below $1m.
Q USCT You mention location and floorplan, what about lot size? In your experience whats the ranking for buyers of over $1M?
irvinehomeowner
Well-known member
So is USC saying that for his over $1m listings he uses #2?