Newer Irvine listings with crazy WTF asking prices from equity sellers

NEW -> Contingent Buyer Assistance Program
Perspective said:
Irvine Dream said:
https://www.redfin.com/CA/Irvine/106-Luminous-92603/home/5903050

What slowdown??
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A $3M home, and this real estate sales person took the pics on a 2007 flip phone. Simply amazing.
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All listings that are entered into the MLS for sale must include a property photograph within 72 hours after entry and my guess is that the agent probably can't get a professional photographer in on time so the agent just use DIY photo first. 

Well, I could've been wrong since we saw so many WTF listing photos that were never got replace with better ones.
 
lnc said:
Perspective said:
Irvine Dream said:
https://www.redfin.com/CA/Irvine/106-Luminous-92603/home/5903050

What slowdown??
Click to expand...

A $3M home, and this real estate sales person took the pics on a 2007 flip phone. Simply amazing.
Click to expand...


All listings that are entered into the MLS for sale must include a property photograph within 72 hours after entry and my guess is that the agent probably can't get a professional photographer in on time so the agent just use DIY photo first. 

Well, I could've been wrong since we saw so many WTF listing photos that were never got replace with better ones.
Click to expand...

If that's the case, shame on the agent for not planning properly.  Taking interior pictures at night?  Oh man, that's just wrong.  I'd be pissed if I was the seller. 
 
Too bad, most of the lot is wasted front driveway/weird front yard.

This is my deal breaker
FB75C375-2E35-4D54-BB89-5654B9966051.png_zpscksminxl.jpeg


Claustrophobicville
 
These china flippers really don't know the market.  It's going to be interesting if it does sell close to this price though.  I've seen worse in the Pavilion Park flips.
 
Market has spoken......... poor choice for flipping this former Hawthorn plan 2 model which was purchased for $500 per sq foot:
https://www.redfin.com/CA/Irvine/143-Pavilion-Park-92618/home/80161229


Contrast with the larger plan three model next door which was purchased (apparently to keep, not flip) for $430 per sq foot:
https://www.redfin.com/CA/Irvine/145-Pavilion-Park-92618/home/57104811

No wonder the flipper can't sell it. He/she should be happy to sell it for what they bought it for and cut their losses.



 
There is a pavillio. park 3 bed 2 bath on campus condo for over a million. It's been on the market 3 times now and taken off- seller still hasn't dropped price it should be maybe 860000
 
It's hilarious to me that these sellers/agents don't understand the concept of time = money.  Do they really think they are going to be that one "special" home that someone will overpay for?  Memo....we aren't in 2006 or 2013 anymore. 
 
Ready2Downsize said:
Market has spoken......... poor choice for flipping this former Hawthorn plan 2 model which was purchased for $500 per sq foot:
https://www.redfin.com/CA/Irvine/143-Pavilion-Park-92618/home/80161229


Contrast with the larger plan three model next door which was purchased (apparently to keep, not flip) for $430 per sq foot:
https://www.redfin.com/CA/Irvine/145-Pavilion-Park-92618/home/57104811


No wonder the flipper can't sell it. He/she should be happy to sell it for what they bought it for and cut their losses.
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That hawthorne Plan 3 Model was awesome.  If it was about $100K less then I would be living there. 

R2D, since you are posting looks like you resolved your moving situation.  Congrats.

OTH, it is interesting to see sellers increasing the price by $100K and then accepting an offer less than the initial price.  What do you think the sellers reasoning for that? Are the sellers still ending up with their price target but just capitalizing on the buyers sentiment they are getting a bargain.  Gamble but works.
 
Moved in day before T Day. Stan Pac worked really hard to get it done. Since we were all cash with the money in escrow for days, we were able to close Wed. County was closed Friday, so if we couldn't close Wed, it would have been tomorrow. I think the next two are set to close tomorrow.

Not sure if you are talking about the house we sold or in general.

We listed our house where I thought it was a price that would move pretty quick (at the time). BUT we got two offers pretty fast for 280K under the last sale which was only a month prior, no real upgrades, backs to a road with a smaller lot. The buyers were interested in "getting a deal" which they reasoned was less than what we were asking. I got upset and raised the price 100K so they could feel like they were "getting a deal" and refused to go lower on any counters. LOL!

If it were to sell now, I don't think we could get as much as we did. Two Rosegate properties closed pretty low compared to what upper end had been going for and they included pools while we were in escrow.
 
Ready2Downsize said:
Moved in day before T Day. Stan Pac worked really hard to get it done. Since we were all cash with the money in escrow for days, we were able to close Wed. County was closed Friday, so if we couldn't close Wed, it would have been tomorrow. I think the next two are set to close tomorrow.

Not sure if you are talking about the house we sold or in general.

We listed our house where I thought it was a price that would move pretty quick (at the time). BUT we got two offers pretty fast for 280K under the last sale which was only a month prior, no real upgrades, backs to a road with a smaller lot. The buyers were interested in "getting a deal" which they reasoned was less than what we were asking. I got upset and raised the price 100K so they could feel like they were "getting a deal" and refused to go lower on any counters. LOL!

If it were to sell now, I don't think we could get as much as we did. Two Rosegate properties closed pretty low compared to what upper end had been going for and they included pools while we were in escrow.
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Vow, you are tough.  Congrats again and enjoy your new place.  Would be interested in hearing updates on living in Greenwood.  I am sure it will be as nice as living in any new Irvine neighborhood.
 
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