Portico in Carmel Valley Again

[carmelrenter]

Went by Portico in Carmel Valley today, thought I would post the latest price sheet info for anyone who’s interested or looking for a reference in the future.

Plan One (3+1/3, 2,165 sq. ft.) – Temp Sold Out (no price given)

Plan Two (3+1/3, 2,376 sq. ft.) – From $699,900

Plan Three (4/2.5, 2,413 sq. ft.) – From $711,900

Plan Four (4+1/2.5, 2,408 sq. ft.) – From $730,900

Anybody have an opinion of the project? From old posts it doesn’t seem like the prices have changed much from May 2007, but I would imagine the incentives have probably gone up.

A friend recently bought a unit in the project and my wife would love to buy there, but the prices still seem a bit high. We could only manage 5% down right now and it’s over 3x household income (but under 4x).

[dejams]

carmelrenter, what kind of incentive did your friend get if you can disclose. I would like to purchase in CV but it seems that Pardee Homes is not willing to give much incentives especially during the down market. I tried small talk with the sale lady in Carriage Run to get some ideas on what they willing to give (incentives or upgrades)to unload one of the specs but couldn’t get much out of her.

I prefer the Arabella and the Carriage Run but the prices are 100K+ than Portico. The one reason I don’t like Portico is the common alley way for car to get in & out with no backyard. One important thing to consider is the MR from Carriage Run is less than $100 per month whereas Portico and Arabella are much higher (about $2600 per year).

[dejams]

carmelrenter, what kind of incentive did your friend get if you can disclose. I would like to purchase in CV but it seems that Pardee Homes is not willing to give much incentives especially during the down market. I tried small talk with the sale lady in Carriage Run to get some ideas on what they willing to give (incentives or upgrades)to unload one of the specs but couldn’t get much out of her.

I prefer the Arabella and the Carriage Run but the prices are 100K+ than Portico. The one reason I don’t like Portico is the common alley way for car to get in & out with no backyard. One important thing to consider is the MR from Carriage Run is less than $100 per month whereas Portico and Arabella are much higher (about $2600 per year).

[dejams]

carmelrenter, what kind of incentive did your friend get if you can disclose. I would like to purchase in CV but it seems that Pardee Homes is not willing to give much incentives especially during the down market. I tried small talk with the sale lady in Carriage Run to get some ideas on what they willing to give (incentives or upgrades)to unload one of the specs but couldn’t get much out of her.

I prefer the Arabella and the Carriage Run but the prices are 100K+ than Portico. The one reason I don’t like Portico is the common alley way for car to get in & out with no backyard. One important thing to consider is the MR from Carriage Run is less than $100 per month whereas Portico and Arabella are much higher (about $2600 per year).

[dejams]

carmelrenter, what kind of incentive did your friend get if you can disclose. I would like to purchase in CV but it seems that Pardee Homes is not willing to give much incentives especially during the down market. I tried small talk with the sale lady in Carriage Run to get some ideas on what they willing to give (incentives or upgrades)to unload one of the specs but couldn’t get much out of her.

I prefer the Arabella and the Carriage Run but the prices are 100K+ than Portico. The one reason I don’t like Portico is the common alley way for car to get in & out with no backyard. One important thing to consider is the MR from Carriage Run is less than $100 per month whereas Portico and Arabella are much higher (about $2600 per year).

[dejams]

carmelrenter, what kind of incentive did your friend get if you can disclose. I would like to purchase in CV but it seems that Pardee Homes is not willing to give much incentives especially during the down market. I tried small talk with the sale lady in Carriage Run to get some ideas on what they willing to give (incentives or upgrades)to unload one of the specs but couldn’t get much out of her.

I prefer the Arabella and the Carriage Run but the prices are 100K+ than Portico. The one reason I don’t like Portico is the common alley way for car to get in & out with no backyard. One important thing to consider is the MR from Carriage Run is less than $100 per month whereas Portico and Arabella are much higher (about $2600 per year).

[fsbo]

2.5% of your purchased price for flooring upgrade – escrow account will pay your own contractor after the closing, plus 2.5% for incentive (closing cost, buydown points etc) if you go with their preferred bank – their rates are very good after the buydown.

The incentives are available to you as long as you are serious enought and not fall in love with the one you’re interested in.

I heart some buyers even get HOA fee paid for certain period of time.

But you should not expect you can get too much on the very first day when they “release” a new phase. They’re glad to see you drop your deposite without any negociation.

Don’t forget to bring your buyer agent with you and get 2% or more commission split.

Your patience will be rewarded

[fsbo]

2.5% of your purchased price for flooring upgrade – escrow account will pay your own contractor after the closing, plus 2.5% for incentive (closing cost, buydown points etc) if you go with their preferred bank – their rates are very good after the buydown.

The incentives are available to you as long as you are serious enought and not fall in love with the one you’re interested in.

I heart some buyers even get HOA fee paid for certain period of time.

But you should not expect you can get too much on the very first day when they “release” a new phase. They’re glad to see you drop your deposite without any negociation.

Don’t forget to bring your buyer agent with you and get 2% or more commission split.

Your patience will be rewarded

[fsbo]

2.5% of your purchased price for flooring upgrade – escrow account will pay your own contractor after the closing, plus 2.5% for incentive (closing cost, buydown points etc) if you go with their preferred bank – their rates are very good after the buydown.

The incentives are available to you as long as you are serious enought and not fall in love with the one you’re interested in.

I heart some buyers even get HOA fee paid for certain period of time.

But you should not expect you can get too much on the very first day when they “release” a new phase. They’re glad to see you drop your deposite without any negociation.

Don’t forget to bring your buyer agent with you and get 2% or more commission split.

Your patience will be rewarded

[fsbo]

2.5% of your purchased price for flooring upgrade – escrow account will pay your own contractor after the closing, plus 2.5% for incentive (closing cost, buydown points etc) if you go with their preferred bank – their rates are very good after the buydown.

The incentives are available to you as long as you are serious enought and not fall in love with the one you’re interested in.

I heart some buyers even get HOA fee paid for certain period of time.

But you should not expect you can get too much on the very first day when they “release” a new phase. They’re glad to see you drop your deposite without any negociation.

Don’t forget to bring your buyer agent with you and get 2% or more commission split.

Your patience will be rewarded

[fsbo]

2.5% of your purchased price for flooring upgrade – escrow account will pay your own contractor after the closing, plus 2.5% for incentive (closing cost, buydown points etc) if you go with their preferred bank – their rates are very good after the buydown.

The incentives are available to you as long as you are serious enought and not fall in love with the one you’re interested in.

I heart some buyers even get HOA fee paid for certain period of time.

But you should not expect you can get too much on the very first day when they “release” a new phase. They’re glad to see you drop your deposite without any negociation.

Don’t forget to bring your buyer agent with you and get 2% or more commission split.

Your patience will be rewarded

[Author]

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