is it good deal to buy a new condo at 300K at bella Tierra by Shea Homes(1122 sq ft, 2bd 2 bath)?

Asked by John, Laguna Hills, CA Sun Mar 2, 2008

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Philip Valen…, , Orange County, CA
Sun Mar 27, 2011
Hi John,

If the same type homes in the area you are going to buy in are selling for around the same price as the new home, why would you want a used home? Nowadays most new home more then likely will have a lot of upgrades already included and more importantly it will have warranties, warranties, warranties that have to be honored. Not like home warranties on used homes that can be denied to be fixed by the home warranty co. Look at it this way John, what would you like to buy, a new car or a used car?

Phil Valenti
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Harrison K.…, Agent, Irvine, CA
Sat Nov 8, 2008
If you intend to buy the Bella Tierra home at Laguna Hills as your own home, that's great. If you live in the house for at least 3 years, that would be the best. You can expect the current down market to bounce, and then you will achieve significant equity gain. If you want to buy or sell a home here in Laguna Hills or South OC, and if you want the best Realtor agent representation, please contact us.

Harrison K. Long
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Oc Buyer, Home Buyer, CDM
Wed Apr 23, 2008
Ha! We got something in the mail from Shea back in Nov saying we were pre approved for one of those properties and they were reduced to $350K. We had just closed escrow on a house up north that we paid $350K for. We thought well, $350K would have bought us that. My best friend paid $305K for a condo in Aliso Viejo that was about 10 years old in Jan '04. $300K sounds more like what it would have been priced for in 2003.
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Dp, Home Buyer, Orange County, VT
Thu Apr 17, 2008
Absolutely! Laguna Hills is a great area. Not to mention the fact that these are really nice condos for the price. You can't beat south Orange County for quality of life.
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Michael La R…, , Laguna Beach, CA
Wed Mar 5, 2008
John- Are you going to occupy this or are you asking as an investment?? If it's an investment, I can get you the comparable rents in the area to see if it makes sense for you. If it 's going to be your primary residence again you need to see comps and compare those to what this condo is offering, along with comparing the output of cash for a condo versus a single family residence. I live in downtown Huntington Beach and it seems there are very good buys all over, it just depends on the lifestyle you want and the budget. I'll be glad to take this to the next step if you wish.
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