The gated Northwood II is getting killed

NEW -> Contingent Buyer Assistance Program
I think IR2 is primed to make a killing in about 2012 when 75% of the members on this board buy a house through him.
 
[quote author="IrvineRealtor" date=1226719940][quote author="freedomCM" date=1226680763]wtf? pre-approved before she will show you a property for sale?



does she think this is 2005?



<strong>you should tell her to blow you</strong>, then call IR2 and give your business to someone deserving.</blockquote>


freedom - I'm full service, but not <em>that </em>service.



Allison - It is actually not a bad broker practice to prequalify the buyer for a couple of reasons:



#1. You are asking the agent to set aside an hour or two to research comps for you, drive out and show you the home, and make arrangements with the home occupants ahead of time. You're also asking the seller/tenant to step away from the home for at least a half-hour, while their "stuff" is looked over and reviewed by a complete stranger. If the potential buyer is unwilling to spend 10 minutes to talk with a lender, it is likely a waste of everyone's time. It is a fair request but I agree it probably could be handled better.



#2. If you like the home and then find that you are not qualified, you will inevitably compare the ones you <u>are</u> qualified for to the more expensive one, and set yourself up for disappointment.



Thank you for the positive mojo.</blockquote>


Thanks for the info. I definitely do understand #1. Even though most likely I am just looking, if I do see sth I REALLY like , I will make an offer. I guess I was kinda turned off by their (I've spoken to two other agents since) attitudes. One even asked me to sign a contract before any showing. What the...

I have my FICO report (over 800) and my bank statement (well over 20% down) and my steady employment proof and they still don't think it's enough. Maybe I was expecting too much, hoping that they will be on all fours thanking me for picking them. haha. :lol: :lol:

Since you are so highly recommended by other members here, would you prefer to have me get preapproved first? :question: You can PM me. Thanks!
 
[quote author="PANDA" date=1226924729]http://www.redfin.com/CA/Irvine/20-Bombay-92620/home/5946337



Bella Rosa for $272 a square foot 2386 square feet. $650,000. If prices are $272 before 2009, How low will these prices get by the middle of 2010.



Anyone going to make an offer?



Questions... Do agents purposely list the price this low to get severals offers, then eventually close at $710,000 - $750,000 range? Is this a short sale?</blockquote>


This is weird. That property did not come up on my radar under my daily ziprealty search. I wondered why so I just entered that MLS number and realized Ziprealty shows it being listed at $689k. Redfin confirms this has an asking price range. I think all mls searches should have the search-able price the same. This is frustrating.
 
http://socallistings.marketlinx.com/SearchDetail/Scripts/PrtBuyFulPhotos/PrtBuyFulPhotos.asp?EMailKey=301509533&prp=mls&AgentID=ISPEALIN



Isn't this an identical home to 20 Bombay? Why is 57 Bombay listed at $790,000 and 20 Bombay listed at $650,000?
 
Here's the Redfin link to 57 Bombay:



<a href="http://www.redfin.com/CA/Irvine/57-BOMBAY-92620/home/5978032">57 Bombay, Irvine</a>
 
[quote author="PANDA" date=1226925995]http://socallistings.marketlinx.com/SearchDetail/Scripts/PrtBuyFulPhotos/PrtBuyFulPhotos.asp?EMailKey=301509533&prp=mls&AgentID=ISPEALIN



Isn't this an identical home to 20 Bombay? Why is 57 Bombay listed at $790,000 and 20 Bombay listed at $650,000?</blockquote>


20 Bombay is a short sale and so far the lender's ignoring all offers. 57 is not, and I was told that they will also consider leasing it out for $3500. Hope this helps. :)
 
[quote author="PANDA DREAMING OF IRVINE" date=1213537015]20 Bamboo is MY HOUSE. I've got eyes on it very closely. Don't anyone take it. OK?



Panda</blockquote>


20 Bamboo closed for $675K, which works out to $386 per sf. Uh, that is WAY OVER the $280/sf that people on this thread were going gaga over... Don't believe the list price hype. Closing prices tell the tale. At $675K, that is 24% off peak, which is right in line with sales prices for pretty much all of 2008.
 
[quote author="ipoplaya" date=1228953946][quote author="PANDA DREAMING OF IRVINE" date=1213537015]20 Bamboo is MY HOUSE. I've got eyes on it very closely. Don't anyone take it. OK?



Panda</blockquote>


20 Bamboo closed for $675K, which works out to $386 per sf. Uh, that is WAY OVER the $280/sf that people on this thread were going gaga over... Don't believe the list price hype. Closing prices tell the tale. At $675K, that is 24% off peak, which is right in line with sales prices for pretty much all of 2008.</blockquote>


IPO, I don't know when to really take your view to heart since I can tell you are biased from the pressures of your wife wanting to buy a home.



I'm going to wait till the dust settles before I buy a home, I fear next year will bring more pain than this year.



I won't miss the boat either as homes won't have a V shaped rebound like equities tend to do. Once housing bottoms...it will stay flat for a very long time giving even my grandchildren time to buy.
 
[quote author="blackvault_cm" date=1228957751][quote author="ipoplaya" date=1228953946][quote author="PANDA DREAMING OF IRVINE" date=1213537015]20 Bamboo is MY HOUSE. I've got eyes on it very closely. Don't anyone take it. OK?



Panda</blockquote>


20 Bamboo closed for $675K, which works out to $386 per sf. Uh, that is WAY OVER the $280/sf that people on this thread were going gaga over... Don't believe the list price hype. Closing prices tell the tale. At $675K, that is 24% off peak, which is right in line with sales prices for pretty much all of 2008.</blockquote>


IPO, I don't know when to really take your view to heart since I can tell you are biased from the pressures of your wife wanting to buy a home.



I'm going to wait till the dust settles before I buy a home, I fear next year will bring more pain than this year.



I won't miss the boat either as homes won't have a V shaped rebound like equities tend to do. Once housing bottoms...it will stay flat for a very long time giving even my grandchildren time to buy.</blockquote>


Actually, I am probably the least biased person around here. We're both numbers guys bv. I'm all about the stats. The more permabear crew believes that prices are continuing to fall in Irvine, like they did late last year and early this year, despite little evidence to support the notion. Some people grab on to a low list price to support the notion and I've tried many times to dispel the fallacy that list prices mean much of anything, either on the high or low side. I try to be a countering voice of reason/reality to that.



When prices do show more material downward pressure, I will be the first to sing it from the hills! While I will keep my eyes out for a deal this Sping, I've gotten the wife comfortable with the notion that we will be waiting until 2010 to purchase. She doesn't want to be into a house with a mortgage if my company goes under any more than I do... I'll keep tracking sales and call 'em like I see 'em. It won't be hard for 2009 to show more pain in terms of price declines of 2008 in Irvine. 2008 was perhaps an 8-10% down and I'd guess rising unemployment could create that in 2009 alone.
 
Right on. I agree with you that prices in Irvine haven't been falling as much lately. For me there is still a bit more uncertanty coming such as unemployment. Irvine has alot of white collar jobs, and they are usually last to go. Usually lower end positions will be the first to let go. We are starting to see some evidence lately that people are losing jobs in Irvine, so thats why I remain cautious.



However, I too have substantial pressure from the wifey. Especially, since she will be going into early-retirement when the baby comes. Early as in she's 28... So yeah she wants a house, the white fence, and pretty flowers.



I told her I better have food on the table, clothes ironed, and a massage every so often if she wants to stay home. I was dead serious too.
 
[quote author="blackvault_cm" date=1228968884]Right on. I agree with you that prices in Irvine haven't been falling as much lately. For me there is still a bit more uncertanty coming such as unemployment. Irvine has alot of white collar jobs, and they are usually last to go. Usually lower end positions will be the first to let go. We are starting to see some evidence lately that people are losing jobs in Irvine, so thats why I remain cautious.



However, I too have substantial pressure from the wifey. Especially, since she will be going into early-retirement when the baby comes. Early as in she's 28... So yeah she wants a house, the white fence, and pretty flowers.



I told her I better have food on the table, clothes ironed, and a massage every so often if she wants to stay home. I was dead serious too.</blockquote>


I am sorry. Any white picket or wood fence in Irvine is against most HOA and CC&R.
 
[quote author="bkshopr" date=1228969253][quote author="blackvault_cm" date=1228968884]Right on. I agree with you that prices in Irvine haven't been falling as much lately. For me there is still a bit more uncertanty coming such as unemployment. Irvine has alot of white collar jobs, and they are usually last to go. Usually lower end positions will be the first to let go. We are starting to see some evidence lately that people are losing jobs in Irvine, so thats why I remain cautious.



However, I too have substantial pressure from the wifey. Especially, since she will be going into early-retirement when the baby comes. Early as in she's 28... So yeah she wants a house, the white fence, and pretty flowers.



I told her I better have food on the table, clothes ironed, and a massage every so often if she wants to stay home. I was dead serious too.</blockquote>


I am sorry. Any white picket or wood fence in Irvine is against most HOA and CC&R.</blockquote>


LOL I knew it was coming. I told my wife that too. I asked her do you see any green grass here? This isn't Florida.
 
[quote author="blackvault_cm" date=1228968884]...she will be going into early-retirement when the baby comes. Early as in she's 28... So yeah she wants a house, the white fence, and pretty flowers.



I told her I better have food on the table, clothes ironed, and a massage every so often if she wants to stay home. I was dead serious too.</blockquote>


Gah! I can assure you it is no vacation, BV. It is more work than many full-time jobs. I'm a credible source, as I've been "retired" for 5 1/2 years now. I actually had a couple friends return to work so they could catch a "break". No kidding. Careful what you say, boy! ;-)
 
[quote author="SoCal78" date=1228973557][quote author="blackvault_cm" date=1228968884]...she will be going into early-retirement when the baby comes. Early as in she's 28... So yeah she wants a house, the white fence, and pretty flowers.



I told her I better have food on the table, clothes ironed, and a massage every so often if she wants to stay home. I was dead serious too.</blockquote>


Gah! I can assure you it is no vacation, BV. It is more work than many full-time jobs. I'm a credible source, as I've been "retired" for 5 1/2 years now. I actually had a couple friends return to work so they could catch a "break". No kidding. Careful what you say, boy! ;-)</blockquote>


Thats her defense. So I ask her, well how about we put the baby in day care and you can continue to work? She says no way, and smiles with a little embarassment. The point is, it takes work...but it is a job probably more enjoyable than any other I can think of. Now I know babies need more care at first, so my expectations aren't as high. (I raised my little bro when we came to US, he was 3 months old then)



When you are that excited to have a baby, and take care of one like I see my wife is...I don't buy the fact that its work.

I trade stocks...I don't consider that work because I love it. I'd do it for free.



But she's a good girl, so I'm not really worried. Anyway, I feel people are glaring at me as I'm invading this thread.



Resume back to Northwood II, I'm leaving. *waves*
 
BV, I suspect this is your wife's first baby. It is common to be filled with enthusiasm. The reality hits once the baby comes. It's quite common for women to experience post-partum depression and/or the "baby blues" (not something you would have experienced taking care of your brother.) It also comes with its own challenges such as sleep deprivation, a change in the family dynamics and marriage (some for the better, some not) and the bigger one is: isolation. I am sure she would also appreciate the massage every so often. Point is - you think you know what it's going to be like but often it's not as rosy as you would imagine. First 3 months = "Baby Boot Camp". It's true what they say - as they get older it doesn't get too much easier. It just presents a different set of challenges. I hope you guys have family around or a support network in place. It is very hard without that. But it sounds like she might have the awesome benefit of having you at home full-time as well? I am sure that would lighten her load a <em>great deal.</em> (What happened with your job offer?)



Never mind. Back to your regularly-scheduled programming.
 
[quote author="SoCal78" date=1228975882]BV, I suspect this is your wife's first baby. It is common to be filled with enthusiasm. The reality hits once the baby comes. It's quite common for women to experience post-partum depression and/or the "baby blues" (not something you would have experienced taking care of your brother.) It also comes with its own challenges such as sleep deprivation, a change in the family dynamics and marriage (some for the better, some not) and the bigger one is: isolation. I am sure she would also appreciate the massage every so often. Point is - you think you know what it's going to be like but often it's not as rosy as you would imagine. First 3 months = "Baby Boot Camp". It's true what they say - as they get older it doesn't get too much easier. It just presents a different set of challenges. I hope you guys have family around or a support network in place. It is very hard without that. But it sounds like she might have the awesome benefit of having you at home full-time as well? I am sure that would lighten her load a <em>great deal.</em> (What happened with your job offer?)



Never mind. Back to your regularly-scheduled programming.</blockquote>


Some babies are low maintenance and some are high maintenance no? I sure hope that my little cubs are low maintenance. I told Ms. Panda that I only want two of these little things and no more. She said, "OK, Cool"



Hey, how did the Northwood II is getting killed thread start becoming a baby thread?



<img src="http://farm3.static.flickr.com/2259/1540306007_a502c7b60a.jpg?v=0" alt="" />
 
[quote author="SoCal78" date=1228975882]BV, I suspect this is your wife's first baby. It is common to be filled with enthusiasm. The reality hits once the baby comes. It's quite common for women to experience post-partum depression and/or the "baby blues" (not something you would have experienced taking care of your brother.) It also comes with its own challenges such as sleep deprivation, a change in the family dynamics and marriage (some for the better, some not) and the bigger one is: isolation. I am sure she would also appreciate the massage every so often. Point is - you think you know what it's going to be like but often it's not as rosy as you would imagine. First 3 months = "Baby Boot Camp". It's true what they say - as they get older it doesn't get too much easier. It just presents a different set of challenges. I hope you guys have family around or a support network in place. It is very hard without that. But it sounds like she might have the awesome benefit of having you at home full-time as well? I am sure that would lighten her load a <em>great deal.</em> (What happened with your job offer?)



Never mind. Back to your regularly-scheduled programming.</blockquote>


On the subject of boot camp, here's something to pass along to your wife:



<a href="http://www.babybootcamp.com/pages/class_location.aspx?i=903">The real Baby Boot Camp</a>



It may help with the isolation and fitness/body image issues that she may encounter after the baby is born. The woman who owns and runs the franchise is the wife of one of my employees...



<a href="http://www.northwoodmoms.com/">And here is something else for her to consider...</a>
 
^ Ipop is right. Moms Club helps a ton. The city of Irvine has a great Recreation department too. Lots of opportunity there. Plus they have many classes and programs through the IUSD Early Childhood Learning Center. You can also find opportunities through private companies such as Gymboree, etc. Most of all, be supportive and understanding.



Panda: You've got the right idea. My 2 cents: Don't have more than kids than you have hands.
 
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