Hi Caroline ...
The previous answer here was by Cynthia Fleming, Realtor agent and friend of mine. I agree in general with what Cynthia said.
If indeed you can find and buy a home in Irvine for $385K at this time, with two bedrooms and 2 full baths, please consider moving forward with that. Irvine is a great place to live and amazingly popular with young folks and business people.
Please know that many of the homes for sale here in Irvine are short sales not yet lender approved. If you want to present an offer on such a home, be patient and expect to wait 4 to 6 months until the bank decides whether to allow you to purchase.
My wife and I have lived in Irvine for many years, have great neighbors and good friends here, and love the opportunities that the community provides.
If you have any questions about Irvine and surrounding neighborhoods, please let me know.
Or call Cynthia Fleming, Realtor agent, our friend and Coldwell Banker Previews associate. Best wishes.
Harrison K. Long, Explore Group properties, Irvine, CA.
For a good home and property search site check out