What would you think of making an offer in the 900,000's? I love the house but my budget is 850,000! Any similar listing appreciated!?

Asked by clairejacobs0812, Huntington Beach, CA Wed Aug 14, 2013

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13
Jamie Tian, Agent, Los Angeles, CA
Wed Aug 14, 2013
Hi Claire,

I think an offer in the $900,000's would be very low for this property in the current market, but I would be happy to write up an offer and submit it for you if you are interested and see what happens.

Please feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com. I would be happy to email you similar listings in the area as well.

Best,

Jamie Tian
Rodeo Realty Fine Estates
(310) 717-1321
JamieTian@RodeoRE.com
DRE #01920120
Web Reference:  http://www.jamietian.com
1 vote
James Melton, Agent, Newport Beach, CA
Fri Aug 16, 2013
Dear Claire,

If your budget is $850k, then your budget is $850k. Even if you can qualify for more, but know that you need to stop at $850k for reasons a lender might not see or know about, then I would advise you to stop at $850k. If it's a case of not being able to qualify for more, than one certainly has no business acting like he/she can make it to the finish line and hoping for a miracle; a buyer could lose their earnest money deposit to a (justifiably) disgruntled seller. It's OK to put in offers under asking price and make them as attractive as possible, by giving the seller most all of the other variables that buyers usually negotiate for. Be careful.

I live in downtown HB and know all of HB very well; if you're not working with one agent specifically, please contact me and I'll be happy to guide you to greatness on this purchase. I am an expert in mortgage financing as well as Realtor sales, and would welcome the opportunity to assist you.

Sincerely,

James Melton, top 2% of Orange County Realtors (Orange Coast Magazine)
Realtor & Mortgage Broker, CA DRE Broker #01222353, NMLS #300133
President, Victory Mortgage & Real Estate Home Loans & Sales Since 1979, NMLS #366399
2901 W. PCH, Suite 200, Newport Beach, CA 92663
cell(714)318-4664, phone(949)939-9676 or (714)374-0022, fax(714)844-9094
web http://jamesmelton.listingbook.com
email jamesm@socal.rr.com
0 votes
Valerie O'Br…, Agent, Newport Beach, CA
Fri Aug 16, 2013
Oh. and P.S. You can always make any offer you want.....the seller may or may not accept....the market will determine the price.
0 votes
Valerie O'Br…, Agent, Newport Beach, CA
Fri Aug 16, 2013
Dear Claire:
there is nothing worse than going over your budget and every month being financially strapped and then the home you love you now hate...Remember after you buy the home there will be maintenance costs, insurance, taxes, etc...and maybe you want to change a few things.
Better to buy a home that fits your budget, your lifestyle, and the area that best fits your family. Often it is better to buy the dog on the street that gives you a fair amount of room and fix it up to your liking.
Are you working with an agent? You need someone knowledgeable who serves your needs and desires. Someone who can find and guide you through the process with your best interests at heart. AN agent can negotiate for you and will be able to get you a better deal. Also with an agent in your back pocket(and no cost to you) you can find out about properties that may be coming on the market or the day they hit the market...the internet is a great place to begin your search but is often times a few days behind.
Happy to help you ...
Best regards,
Valerie

Tel: 949-478-2892
valerieobrien@owntheoc.com
managethis@mac.com

http://www.OwnTheOC.com

http://valerie.strongbrook.com

Secret List of Unlisted Bank Owned, Short Sale, and other Discounted Properties throughout the Orange County area. Most of these homes are not listed on the open market with or available through any online searches. Gain free access below. http://secretocforeclosures.weebly.com/
0 votes
Valerie O'Br…, Agent, Newport Beach, CA
Fri Aug 16, 2013
Dear Claire:
there is nothing worse than going over your budget and every month being financially strapped and then the home you love you now hate...Remember after you buy the home there will be maintenance costs, insurance, taxes, etc...and maybe you want to change a few things.
Better to buy a home that fits your budget, your lifestyle, and the area that best fits your family. Often it is better to buy the dog on the street that gives you a fair amount of room and fix it up to your liking.
Are you working with an agent? You need someone knowledgeable who serves your needs and desires. Someone who can find and guide you through the process with your best interests at heart. AN agent can negotiate for you and will be able to get you a better deal. Also with an agent in your back pocket(and no cost to you) you can find out about properties that may be coming on the market or the day they hit the market...the internet is a great place to begin your search but is often times a few days behind.
Happy to help you ...
Best regards,
Valerie

Tel: 949-478-2892
valerieobrien@owntheoc.com
managethis@mac.com

http://www.OwnTheOC.com

http://valerie.strongbrook.com

Secret List of Unlisted Bank Owned, Short Sale, and other Discounted Properties throughout the Orange County area. Most of these homes are not listed on the open market with or available through any online searches. Gain free access below. http://secretocforeclosures.weebly.com/
0 votes
Kory Anvari, Agent, villa park, CA
Wed Aug 14, 2013
Hi all
I have a 5 bedroom 3 bath 2 story house which i will be listing for sale in october. There are tenants in there now but will be leaving at the end of september. I lived in the house for 23 years and rented it out last year when i bought a new house and moved. It is a very nice house and upgraded. If anyone is interested before i list it in mls please let me know. I have a brokers license but dont do real estate for a living. The address is 6071 palo alto drive, 92647. You are welcome to drive by but please dont disturb the tenants. Please call me if you need more info. 714 335-8985. Thanks, Kory
0 votes
Kathrin Roge…, Agent, Huntington Beach, CA
Wed Aug 14, 2013
Dear Claire,

I remember your previous posts about buying in the numbered streets in HB.
I would recommend to check out the new listing on 16th street.

http://www.kathrinrogers.cbbsr.com/beachside/idx/search.aspx?search…

Please let me know if you like to get more information about this home.
All other number street homes are currently above $900K.

Sincerely,
Kathrin Rogers
714 717 9964
Kathrin.Rogers@Coldwellbanker.com
0 votes
Tim Kunze, Agent, Huntington Beach, CA
Wed Aug 14, 2013
Claire,

If your budget is $850,000 because that is the max you can get approved for and you don't have access to an additional $100,000 or so in funds. Your question is moot. If you can't get financing then you could offer two million and it won't get you the house. Sorry, but those are just the facts of financing and the mortgage industry.

You need to be realistic as far as what you can truly afford. There is an unbelievable amount of stress caused by buying more home than you can afford. Also, don't forget that it's not just the mortgage you'll be taking on.

Best of luck and let me know how I can be of service,

Tim Kunze, Realtor®
Focusing on ... YOU!!!
714-552-2335 (cell)
Tim@TimKunze.com
Lic #01488712
http://www.TimKunze.com
Web Reference:  http://www.TimKunze.com
0 votes
Patrick Piek…, , Huntington Beach, CA
Wed Aug 14, 2013
Have you seen the property yet? Let me know. If you haven't, I will open it up 4u. If you have, an offer in the 9's would most likely be heard by the seller.
0 votes
Robert MacLe…, Agent, Huntington Beach, CA
Wed Aug 14, 2013
Hello Claire,
Do you like the home because it is close to the beach? Do you like the design of the house on the inside? outside? Is your budget $850k because that is what you are approved at? Where do you feel comfortable having your payment at? The reason for these questions is for me to better understand what you are looking for so I can guide you to find the home that you are looking for that it within your budget. I have lived in HB for the past 18 years and I know every square inch of the city. Call me anytime.
0 votes
Emily Knell, Agent, Huntington Beach, CA
Wed Aug 14, 2013
There are at least a couple of other homes I think you would probably like, similar in size & I would be happy to present an offer at a lower price & show supporting information to the homeowner as to why they should come down & take a lower offer from you. Some owners are still thinking that they can just ask whatever they want & get a dozen offers in 2hrs but that's just not the case.

I don't look back on this same Trulia thread for answers posted after mine, so feel free to call or email me directly.

Emily S. Knell
EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since 1996
Realty ONE Group
Huntington Beach
0 votes
Karen McEniry, Agent, Huntington Beach, CA
Wed Aug 14, 2013
Hi Claire,
I apologize that I sent the wrong link to the listings in my previous message.

Here is the correct link:
http://www.mrmlsmatrix.com/DE.asp?k=2555733X9JJ6&p=DE-16…

Thanks, Karen
0 votes
Karen McEniry, Agent, Huntington Beach, CA
Wed Aug 14, 2013
Hi Claire,
I do agree that an offer in the 900's would be too low for this home, especially being so close to the beach. Here are some other listings to consider in downtown HB that are under $1,000,000. I am a local Huntington Beach Realtor and know the area well. I'd be happy to show you any of these homes and help you find a home if you would like assistance.

See the link below for the properties:
http://www.mrmlsmatrix.com/DAE.asp?ID=0-1625463309-00

Thanks, Karen
Karen McEniry, Realtor, SFR, SRES
Coldwell Banker Beachside, Realtors
(714) 343-9470
karen@karenmceniry.com
0 votes
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