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Category Archive: ‘Unbelieveable’

Zillow Killer!


I’m so excited!!

Just ten years after Zillow came out with their website that is now attracting 72% of the eyeballs looking for homes for sale, our MLS is launching their second attempt at a public-facing portal – and you get the data directly from the MLS!

It will knock your socks off!

Here is a taste:

The New Paragon Client Connect from Black Knight Financial Services on Vimeo.

Posted by on Aug 8, 2016 in Jim's Take on the Market, Unbelieveable | 6 comments

NAR Advertising

The National Association of Realtors is on the ropes.

They know that Zillow and others are producing effective, big-time advertising that benefit realtors directly.  But finally, N.A.R. has responded, and spent some of the $120 million+ in annual dues collected on sharp, provocative advertising with vital impact.

Here they demonstrate their commitment to realtors with not one but two new heart-stopping ads to help us sell more homes:

Posted by on Feb 22, 2016 in Jim's Take on the Market, Unbelieveable | 6 comments

REO-Auction Contest Results

My high school baseball coach used to say,

“I don’t believe anything I hear, and only half of what I see!”

In our latest contest, readers submitted their guess at the highest bid + 5% buyer’s premium for this property in SE Carlsbad:


The auction included an outrageous set of conditions, which many thought would drive down the price to compensate.  They included:

  1. The 5% buyer’s premium tacked onto the highest bid.
  2. No showings.
  3. Tenant-occupied, and buyer was responsible for evicting.
  4. Cash only.
  5. No buyer’s agent commission paid.
  6. Not in the MLS.
  7. 5% deposit required upon winning.
  8. Reserve price.

They conducted the auction online, which gave participants the convenience of bidding from their couch at home. It should have allowed bidders the chance to double-check the comps as the auction wore on – because every time a new bid was made, they extended the ending by 1-2 minutes.

Those checking the comps would have seen that in the heat of the frenzy last year, three of this identical model sold for $638,000, $653,000 and $679,000.  Then in October this sale with nice view closed for $705,500, which was the highest price since May, 2007:

The bank foreclosed in 2011, and nobody wanted it then for $459,088.  The opening bid this week was $325,000, and once the auction started the initial bid increment was $25,000.

Most of our readers guessed it would sell in the $400,000s, which would be an adequate buffer to evict and remodel.

Look what happened today:



Somebody was willing to pay almost $200,000 more than the bank didn’t get in 2011, and that wasn’t enough to reach the reserve price?  Hopefully the bank will come to their senses and reconsider before that bidder changes their mind.  Counting the 5% buyer’s premium, the highest bid was $678,038!

Our closest and winning guess was $568,050, and submitted by blucore – congratulations!

Posted by on Jun 9, 2014 in Auctions, Contests, REOs, REOs for sale, Unbelieveable | 15 comments

Rapping Realtor

Speaking of other realtors using video, our local TV station, Channel 10, featured this realtor because of his youtubes:

SAN DIEGO – A local real estate agent is busting out some lyrics. He is not a professional rapper, but he is trying to generate business any way he can.

Rafael Perez is a Bonita-based agent for Dominion West Properties. He has produced more than 50 informative videos before but his friends and coworkers let him know they fell on the bland side.

“Most of the time people said, ‘Hey, it’s a really informative video. It was great information, but loosen up, try to be funny and have fun with it,'” Perez told 10News after reporter Joe Little found the would-be rapper’s video on YouTube.

“Home ownership is back, now the new routine,” Perez raps in the video.

Perez actually has a miniature TV studio in his office complete with tripod, green screen and a video editing program on his laptop.

“I recorded the whole thing with my phone,” he said.

Posted by on May 5, 2013 in Unbelieveable | 4 comments