Week 7 Exercise - Negotiating Offers

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School

Irvine Valley College *

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Course

RE170

Subject

Law

Date

Jan 9, 2024

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pdf

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3

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Choose a property you would like to purchase as your first choice. It can be a/an Single Family Residence, Apartment, retail strip mall, etc. You can use public websites to find this information, Zillow, redfin, realtor.com, etc. 1-Give some information and a screenshot about this purchase property , what you like about it and where you found it. Don't just copy/paste from a website, but explain why you want to buy it, what is your goal for the property, etc. - I would love to have a starter home near my place of work that can later turn into a rental property for me. I will be working in Irvine and this home is large enough that I can live in. However, I consider this more of a starter home and plan to move out of this property. It is quite close to UCI and can definitely be a great property to place on rent for college students. Also, my sisters work in Irvine, so for the time being I would love to share the home with them which will cut down costs as we can share the mortgage. I like the proximity it has to a shopping center and how it is near my place of work. Using one of these online sources (mentioned above), find 2 similar, alternate properties for sale (active or in escrow, not closed) and answer the following questions. If these were closed/sold properties, we would call them "comps" for price opinion purposes. For this assignment, we are looking at available properties.
2-Give some information about the 2 alternate properties and how they are different from the purchase property. - - - These 2 properties are different from the purchase property for several reasons. Both properties are slightly more expensive, and in return, they are larger homes. They are in relatively similar areas to the original purchase property. They have
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