Parklane in walnut

NEW -> Contingent Buyer Assistance Program
Hehe... the last two times we moved out of homes we sold, the buying agent was shocked that we were cleaning it and making sure everything was right.

It's habit because when we've moved into resale homes, the previous owner did the same for us, the last one didn't have enough time to clean so she even bought a $100 gift certificate to Merry Maids for us to use.

We even made sure the rental we moved out of was spotless (and I did some small repairs) but our landlord still dinged us (which is why we have a fear of renting now).



 
^ Yeah, same here! When I sold that same house, I had repairs done that were not requested because I didn't feel right not doing it. It's not like it cost an arm and a leg anyway and minimal time plus we cleaned up too. I hope it comes back to us one day but wouldn't be surprised if it doesn't -- people can be really rude.
 
SoCal78 said:
irvinehomeowner said:
the whole time I was so worried we were going to break something in the house for the new owner.
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You're a considerate person. I wish I had a seller like you. I was on the buy-side in a rent-back. The seller was going to be moving into a new construction without a firm move-in date and our agent at the time was pushing us into a 30-day escrow because she said the longer the escrow, the less chance of it closing. (Obviously, it's in her best interest that it does close, regardless of the effect to me but I believed her at the time that it was best for us.) The rent-back period was for about 2 months. There were lots of issues from the start. They didn't feel they should have to give us a deposit as you typically would if you were renting, because as long as they were there, they felt it was "their" house or so they said. They also didn't want to pay more per month than they had already been doing so on their mortgage, which was much less than my new monthly expenses on the place. To keep the deal together, I agreed no deposit and keep their monthly costs the same. Then came move-out time, and they wouldn't go because their house was not ready. Each week, they would say they would move out and did not. They were also bitter because home prices had gone up just since we closed, so they feel they got a raw deal. They broke stuff as they were moving out and did not fix it. They left a mess that I had to clean. Then they realized they needed us to continue their contract on the home-alarm system (which I didn't want and was never part of the deal) because it would cost them to break the contract. It would have been cheaper for them to just pay the time left even if they moved out rather than breaking the contract but they decided to rip it off the wall and leave a mess. Being an accidental landlord was not fun. I wouldn't want to do it again. I'm so hesitant now that I'd even be slightly uncomfortable with the customary COE + 3 days courtesy move-out time. I would avoid a rent-back next time if I could.

Edited to add: Their new construction never was ready in time. They ended up having to change course and go stay with family temporarily. If I ever bought from someone with wishy-washy move-out plans again, I'd definitely make sure there is some back-up plan in place if possible. My Realtor's solution to all this was advising us to go camp out in the patio of the house we bought and make lots of noise so they would be in a hurry to leave.  ::)
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this pretty much convinced me never to do a rent back.
 
I've only heard of problems from the whole 'rent back' thing.

I also am not intending on doing the COE+3 thing. 

The final walk-through should be of an empty (and clean) house.  I know that this wasn't possible in the bubble era, but times are different (I hope, or will be by the time I buy).

 
homer_simpson said:
Yeah these were built in 2002.  The location is exactly where QWERTY mentioned earlier.  I actually may have come to agreement with the seller of the place to a price around $565k, just wondering if that would be too much for a turnkey detached condo in that community? 

I am really loving the lower HOA and MR in that area and the layout of the floorplan.
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I was told that HOA doesn't include home insurance in this parklane home. does any one know about this.
How much it may cost if owner is going to get insurance in park lane community.
I also interested in park lane because of location and low HOA and MR
 
Hi Nomogy,

The Insurance quoted to me was around $570 a year for the place I'm in escrow with in Parklane.

Which condo are you looking at in the Parklane community?
 
homer_simpson said:
I'm in escrow with in Parklane.
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All the best for your escrow. Been around that area (Royal Victoria), but not inside. It is nice area. Do you have enough parking inside?

 
Hi TRR,
There's plenty of parking on Royal Victoria which is the one I'm after.  I've been lurking inside Parklane for about 1 month and each time I've gone there were plenty of street parking during the days and night times.  I'm hoping all goes well during escrow.  Going to have the place appraised and I'm hoping it's a little over what I'm offering on.  The one on 162 Kensington Park in Parklane appraised for $595k - I was so  :o about that as it's smaller in Sq Footage then the one I'm in escrow with. 

The only thing that bothers me a bit is the train tracks.  When walking outside, the train is super duper loud but while in doors, audible but also tolerable.  I'm just kind of glad that the Power Lines don't continue down harvard but swing right after passing by Tustin Fields.  ;) 
 
homer_simpson said:
The only thing that bothers me a bit is the train tracks.  When walking outside, the train is super duper loud but while in doors, audible but also tolerable.  I'm just kind of glad that the Power Lines don't continue down harvard but swing right after passing by Tustin Fields.  ;)
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I am not sure of Train frequency there. If you are mostly inside, there is no issue. If you are thinking about resale value, you dont need to worry about that since you are just buying it now. And remember, there are many communities along train line and you are in irvine side of train track!!
 
[/quote]I am not sure of Train frequency there. If you are mostly inside, there is no issue. If you are thinking about resale value, you dont need to worry about that since you are just buying it now. And remember, there are many communities along train line and you are in irvine side of train track!!
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Yeah I hope the resale value in about 10 years will be better.  I really plan on staying in Irvine for a while since my wife and I are planning to have kids soon and settle.  8)  Thanks for the encouraging words!
 
Can someone explain to me how this works. If someone really like the house and wants to buy
it anyway even appraisal came lower than asking why does the bank care.  agreed the
Loan to appraised value would be now higher. But why does bank not agree to the loan
under new terms say extra fee of 0.1-0.25% or something to get a greater LTV loan.

homer_simpson said:
The appraised value was lower than the purchase price so the hunt continues.  :(
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homer_simpson said:
The appraised value was lower than the purchase price so the hunt continues.  :(
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Sorry to hear that. Was the seller not willing to reduce the price? How much lower was the appraisal (feel free not to answer if you are not comfortable releasing details)?
 
Seller was real tough throughout the transaction.  The price was appraised for about $30k under  :-X  and the seller will not budge any lower.  It's alright, gotta pick up my stuff and move on and go house hunting again... Going to look into Ainsley again but those HOAs and MR are killer hehe.
 
homer_simpson said:
Seller was real tough throughout the transaction.  The price was appraised for about $30k under  :-X  and the seller will not budge any lower.
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Sorry to hear about that. It was not meant to be. On the other hand, you must feel "released" and now have an opportunity to lookout for a better place.

And remember - Everything that happens, happens for good!
 
For some reason I do feel "released".  :P  Time to hop back onto the wagon and look again.  I drove around WB/WBE last nite just to see how parking or how "dense" it was.  Seems pretty ok.  Passed by Santa Barbara and other areas. 

Now to dig around for the MR/HOA fees for each area in WB/WBE and gotta see what's available in our price range  ???
 
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