Where the market is - Buyer Offers

[irvinebullhousing]

Made offers for 2 buyers for these 2 homes today...
https://www.redfin.com/CA/Irvine/68-Walden-92620/home/58556165
https://www.redfin.com/CA/Irvine/35-Antique-Rose-92620/home/5931022

Got 35 Antique Rose but did not get 68 Walden.  Also got this unicorn for another buyer this weekend (I would have bought it myself if it was a single story home...I mean it has a 4-car garage).  It has one of the best views I've ever seen. 
https://www.redfin.com/CA/Yorba-Linda/5470-Blue-Ridge-Dr-92887/home/4167548

That's is one long, deep drive way. Imagine having a party and your 20 guests can park their car on your private drive way. That's pretty awesome. The lot is fantastic. But I have to say that when Santa Ana winds hit, this house will be at the forefront of the wind. I have a buddy in Orange and his backyard trees were laid down many times when Santa Ana comes through. Nice home.

 

[Cares]

Made offers for 2 buyers for these 2 homes today...
https://www.redfin.com/CA/Irvine/68-Walden-92620/home/58556165
https://www.redfin.com/CA/Irvine/35-Antique-Rose-92620/home/5931022

Got 35 Antique Rose but did not get 68 Walden.  Also got this unicorn for another buyer this weekend (I would have bought it myself if it was a single story home...I mean it has a 4-car garage).  It has one of the best views I've ever seen. 
https://www.redfin.com/CA/Yorba-Linda/5470-Blue-Ridge-Dr-92887/home/4167548

Is that large solar panel grid part of the property? If so that's a huge amount of land that this home has.

 

[usctrojancpa]

Made offers for 2 buyers for these 2 homes today...
https://www.redfin.com/CA/Irvine/68-Walden-92620/home/58556165
https://www.redfin.com/CA/Irvine/35-Antique-Rose-92620/home/5931022

Got 35 Antique Rose but did not get 68 Walden.  Also got this unicorn for another buyer this weekend (I would have bought it myself if it was a single story home...I mean it has a 4-car garage).  It has one of the best views I've ever seen. 
https://www.redfin.com/CA/Yorba-Linda/5470-Blue-Ridge-Dr-92887/home/4167548

Is that large solar panel grid part of the property? If so that's a huge amount of land that this home has.

Yeah, that's the home's solar panel system that pays for all of the electricity usage which is fully paid off so that was a plus.  Home got multiple offers but our escalation clause worked, especially since I've done a few transactions with the listings in the past few years that went very smoothly.

 

[usctrojancpa]

Offered $1,476,000 all cash for this Eastwood listing for a buyer, no counter and went with another buyer.  I thought for sure we'd get it or at least get a best and final counter, nope.
https://www.redfin.com/CA/Irvine/96-Henson-92602/home/167401920

 

[hurijo]

Eastwood definitely has that magic fairy dust. $700/sqft here we come!

 

[Irvinehomeseeker]

Offered $1,476,000 all cash for this Eastwood listing for a buyer, no counter and went with another buyer.  I thought for sure we'd get it or at least get a best and final counter, nope.
https://www.redfin.com/CA/Irvine/96-Henson-92602/home/167401920

And thats a no lot type of Condo!

 

[potsticker]

Offered $1,476,000 all cash for this Eastwood listing for a buyer, no counter and went with another buyer.  I thought for sure we'd get it or at least get a best and final counter, nope.
https://www.redfin.com/CA/Irvine/96-Henson-92602/home/167401920

Holy shit!

 

[Mety]

Offered $1,476,000 all cash for this Eastwood listing for a buyer, no counter and went with another buyer.  I thought for sure we'd get it or at least get a best and final counter, nope.
https://www.redfin.com/CA/Irvine/96-Henson-92602/home/167401920

And thats a no lot type of Condo!

You should've made an offer with a Redfin buying agent. ;D

 

[usctrojancpa]

Offered $1,476,000 all cash for this Eastwood listing for a buyer, no counter and went with another buyer.  I thought for sure we'd get it or at least get a best and final counter, nope.
https://www.redfin.com/CA/Irvine/96-Henson-92602/home/167401920

And thats a no lot type of Condo!

You should've made an offer with a Redfin buying agent. ;D

Hahaha  I provides commission rebates to buyers that are more than what Redfin offers. 

 

[usctrojancpa]

Offered $1,476,000 all cash for this Eastwood listing for a buyer, no counter and went with another buyer.  I thought for sure we'd get it or at least get a best and final counter, nope.
https://www.redfin.com/CA/Irvine/96-Henson-92602/home/167401920

Holy shit!

Yeah, I was surprised when I got the kiss off email (nothing shocks me anymore). 

 

[usctrojancpa]

Offered $1,476,000 all cash for this Eastwood listing for a buyer, no counter and went with another buyer.  I thought for sure we'd get it or at least get a best and final counter, nope.
https://www.redfin.com/CA/Irvine/96-Henson-92602/home/167401920

And thats a no lot type of Condo!

Yeah, motorcourt detached Marin condo with OK upgrades, nothing special other than being on the corner and having a slightly larger lot.

 

[akula1488]

Redfin estimate of 1.5M is accurate then

 

[Irvinehomeseeker]

It feels like all these Redfin or Zillow estimates make no sense anymore. With this serious lack of inventory and what it looks like money from Tech folks from up north, if the house shows well you can expect insane closing prices!

 

[aquabliss]

Offered $1,476,000 all cash for this Eastwood listing for a buyer, no counter and went with another buyer.  I thought for sure we'd get it or at least get a best and final counter, nope.
https://www.redfin.com/CA/Irvine/96-Henson-92602/home/167401920

And thats a no lot type of Condo!

Yeah, motorcourt detached Marin condo with OK upgrades, nothing special other than being on the corner and having a slightly larger lot.

Anyone know where to buy the apparatus they used to attach to the cinder block wall and hook the back yard string lights to?  I need this!

 

[usctrojancpa]

Redfin estimate of 1.5M is accurate then

Just like a stopped clock, their estimates will be right every once in a while but otherwise take them with a grain of salt.

 

[fatduck]

if 7% over list all cash gets an FU i wonder what they do with the non cash offers

 

[sleepy5136]

I do notice there is more inventory these past months. But what I'm seeing is the "newer" ones are selling very quick while the older homes stay longer.

 

[marmott]

Anyone know where to buy the apparatus they used to attach to the cinder block wall and hook the back yard string lights to?  I need this!

This is the closest thing I could find:https://www.etsy.com/shop/Sycmr.It looks like they do custom orders so pretty sure they would be able to make a similar string light pole design (few custom orders are pictured in the reviews).

 

[usctrojancpa]

I do notice there is more inventory these past months. But what I'm seeing is the "newer" ones are selling very quick while the older homes stay longer.

Yes, there has been more inventory that has come to the market this year compared to 2020 and even 2019 hence why we have record sales this year.  The problem is the demand is too great right now and most all homes go into escrow super fast so now we have the lowest inventory levels I've ever seen in 15 years. 

 

[usctrojancpa]

if 7% over list all cash gets an FU i wonder what they do with the non cash offers

I wasn't really surprised that it went over $1,476,000 but I am surprised that my buyer didn't even get a counter offer being all cash buyer with a 17 day close.  Guess we ran into a more motivated buyer, I just wonder if they got over $1.5m.