Home Buying in Dublin>Question Details

Bay Area Buy…, Home Buyer in Dublin, OH

Hello Dear Trulians, I'm looking for recent comps on Sorrento at Dublin Ranch. Please share a price or a %

Asked by Bay Area Buyer, Dublin, OH Thu Jun 26, 2008

you were able to negotiate off the asking price with the sales office if possible. For obvious reasons I'm interested in 2008 figures only...Real Estate Pros: please don't bother to reply with Call me, I have the numbers. If you have the numbers AND you are willing to share this information please reply to my message. I'll be happy to get any kind of $-figure on the subject...
Truly yours,
fellow Trulian

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to pro J R: this is exactly what 'm doing here. Buyers look for an advice and an opinion here, not for aggressive and repetitive advertisement of agent services.

SNIP

Btw, I'm doing my research to have an EDUCATED talk with my future AGENT
~~~~~~~
So then, what you're doing is looking for free advice from agents, so that you can nickel and dime your future agent. In my opinion, that's a little hypocritical, don't you think? How much of your salary do the people you work for try to negotiate away? How well does that work?
2 votes Thank Flag Link Sat Jun 28, 2008
Hi,
A base model Cecina at one time went for over $800K. In this market, I would not pay more than $250/sq ft, so your final purchase price should be no more than $672,500. I would put most of the $30K towards closing cost and lowering the final purchase price, of course, but you should try asking for at least $40K. I would also try to negotiate in price protection similar to the ones the Shea homes have at their Montage project in Livermore. According to this Dublin blog I read regularly, Sorrento at one time was supposed to have another phase east to the one you're considering. Toll is basically trying their best to wrap this project up and be done with Dublin. Time is on your side. Don't let Toll sales rush you through anything. Good luck.
2 votes Thank Flag Link Fri Jun 27, 2008
i just bought the cecina model of the firenze collection. they would not budge on the base price of $699,975, but did give us about $38,000 towards upgrades and closing costs. the house will be ready in december. hope this helps!!!
2 votes Thank Flag Link Fri Jun 27, 2008
Bay, if you plan on working with a 'future agent' keep in mind that, if you visit the new homes site and talk/negotiate/show interest/ you may not be able to bring an agent into that 'in the works' transaction. I don't know how exactly procuring cause works but typically, when a house is listed, whether it be a single listing or new construction, if you don't enter into a transaction or negotiations with your own agent to represent you, you can't just bring one into the mix at a later point. Most new construction listings here even say 'buyers agent must accompany buyer to site at or prior to first visit'. If you want your own agent to double check things prior to you making the deal, be prepared to pay that agent yourself since the site agent and builder may be under no obligation to pay that agent for you. On the buyer side, I just can't show up at contract time and say 'hi, I'm the buyers agent, let me sit in on the paperwork part and pay me at closing'. Do as much work and gather as much information as you want but you will need to disclose to any agent that you work with what contact you have had with the builder's agent. Don't call me as I have no useful number information for you... just want you to double check 'procuring cause' and 'agency' before you get too far in. Oh, except I would agree not to use last sold prices. Agents usually call around and fish for pending prices, tentative close dates and such. Maybe you can hire an agent to perform a certain job for you and compensate them yourself.
1 vote Thank Flag Link Sat May 9, 2009
In a market where all you see are foreclosures....it is definitely not wise to use LAST sold price.....

I hope all buyers do not overpaid. It is becos buyers willingness to over pay that this whole real estate market is going to take a longer time to correct. No one is winner in such situation (buyer, seller, lender, agent )

Do go by this:
a) 3x to 5x of medium income of that city (for single family home)
b) 100x to 150x for the rental (150x for very good location like city center - and this you are not concerned with what type of house)
c) Expect upto 8% return for rental

Good luck
1 vote Thank Flag Link Sat Jul 5, 2008
Toll bothers credit rating has been cut to "JUNK" by moody! means they have to borrow at a higher rate if some one is willing to lend.

They will dump these homes so make them a low ball offer...
1 vote Thank Flag Link Thu Jul 3, 2008
to pro J R: this is exactly what 'm doing here. Buyers look for an advice and an opinion here, not for aggressive and repetitive advertisement of agent services. Some agents here manage to give valuable advice and information when others just insult buyers with the answers that neither practical nor respectful. I know that most of the agents are desperate for work but buyers are not a bunch of drooling idiots whose hand needs to be held while walking into the builder's office. Times changed and buyers now have all the resources to develop a deep understanding of how things are. You personally just couldn't help yourself but to give another pointless answer even though you were asked not to do so.
Btw, I'm doing my research to have an EDUCATED talk with my future AGENT who I'm sure will have manners unlike some of you.
Please, please, please don't bother to answer. Take your professional opinion elsewhere...
1 vote Thank Flag Link Sat Jun 28, 2008
J R...honey...yyyyyaaaaawwnn...
0 votes Thank Flag Link Thu Jul 3, 2008
~~~Oh, and mea culpa.... how DARE I ever expect to be PAID, my goodness, what is wrong with me?

o my, I only pay for services that are requested and provided...there might be something wrong with me...

JR: unless you're here asking for FREE advice.

Bay: now, actually, when you helped to prove my point of how insulting agents' behavior can be I feel like I owe you for the service provided. I wish I could buy your a margarita or 2...:-)

JR: And how insulting is it to be asked questions by people who think we don't deserve to be paid, but used.
0 votes Thank Flag Link Thu Jul 3, 2008
~~~Oh, and mea culpa.... how DARE I ever expect to be PAID, my goodness, what is wrong with me?

o my, I only pay for services that are requested and provided...there might be something wrong with me...

now, actually, when you helped to prove my point of how insulting agents' behavior can be I feel like I owe you for the service provided. I wish I could buy your a margarita or 2...:-)
0 votes Thank Flag Link Sun Jun 29, 2008
Oh Bay Area, thanks so much for keeping track of how many hours I spend working and my activities. How could forget that THIS was the weekend I was supposed to show houses! Can't do that AND spend time with the family, could I? Exactly why I no longer punch a time clock. Probably why you have such animosity towards the real estate community. You still haven't shared how much of YOUR salary you're willing to give back each week. Good luck finding the agent who will be paid "accordingly" for whatever is "left" for them to do, and good luck having a successful buying experience also!

Oh, and mea culpa.... how DARE I ever expect to be PAID, my goodness, what is wrong with me?
0 votes Thank Flag Link Sun Jun 29, 2008
Hey J R, since you are in such a sharing mood any advice on how I can opt out of your answers?:-) Like, do have any rights or something here in reals estate pro "owned" web community? The first agent who sang me a little real estate ABC song got my point and deleted her unwanted message...I think I'm starting to understand your role here..You're like this NY real estate super hero. When a real estate agent gets treated "poorly" J R to the rescue! I think I'm going to have to let you do your job than...can't let your spandex suit to get all dusty:-) NY is far away from Dublin though...did your job get done in your own area already? or people just got tired of you and stopped paying attention so you had to re-align your protective services over to CA? o you just crack me up:-)
0 votes Thank Flag Link Sun Jun 29, 2008
Still sharing your "valuable" experience?...I'm not looking for any advice from agents that is exactly my point. You just don't seem to get it...I ask for buyer's experience because that is what I find truly valuable. Apparently, you expect us, buyers, to pay you SALARY and don't do any negotiations just because you call yourself a pro. And please don't worry about my agent, there won't be much work left for him/her to do which will be paid accordingly.
Looks like you have way too much free time for a busy real estate pro if you're all over my topic on the weekend when you're supposed to be showing houses:-)
0 votes Thank Flag Link Sat Jun 28, 2008
Thank you people very much for your detailed answers! Toll sold half of the projected Sorrento land to LA based real estate developer. They are supposed to build about 800 units more. The style will be similar to Sorrento, but will have slightly different floor plans. I heard that mostly those will be single houses, but there will be some townhouses as well.
I think if there was some price protection plan Toll would have sold their units very quickly...It does look like they won't go lower than 10% like I thought...Thanks again!
0 votes Thank Flag Link Sat Jun 28, 2008
I'm aware of how seller's agents work, thank you. I see no problem in doing my own independent research.
~~~~~~~~~~~~~~~
Then do the comps independantly if you have no problem doing your own research.
0 votes Thank Flag Link Fri Jun 27, 2008
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