From cnbc.com: Imagine you are 22 years old, getting married, and struggling to find a new home. It helps when Daddy steps in. Just ask Petra Ecclestone. According to the Wall Street Journal, Ecclestone's father, Formula One boss Bernie Ecclestone, has bought his...
Month: June 2011
Open House Strategy
There are several thoughts here: Open houses are powerful tools when used within a specific marketing strategy. Getting the price right is easier in the newer tract neighborhoods. Demand is fine - buyers are ready, willing, and able - and will pay a fair price. Most...
YOY May Sales Tumble
From Dataquick.com: La Jolla, CA---Southern California home sales held at a three-year low last month amid a sluggish move-up market and record-low sales of newly built homes. The median sale price fell year-over-year by the largest amount in 20 months as buyer...
Not a Lull Yet
Here's the wrap-up of my open house yesterday in Mission Hills, which went better than expected, but still facing a big hurdle with the foundation. Sellers in this predictament should accept their fate, and prepare for lowball offers. Lowering the price last week by...
Re-Ignition
There is peak urgency during the first week of a listing, but after that they get stale quickly. Consider the Mission Hills REO on Hunter St., originally listed for $429,900 on May 19th. We had four offers come in the first week, and after a round of...
Old-California Hacienda
The same 5,287sf house in Vista, with the newer JtR presentation:
REO Country
Demand is strong for newer single-story custom homes on decent-sized lots, with no Mello-Roos. If you want to be in our regular target area, North SD County Coastal, be prepared to spend $1,000,000+. If you'd rather spend less and aren't that concerned about the...
Distressed vs. Non-Distressed
People want to know about homes prices going up or down, but it's difficult to measure. Because of the diversity of homes selling in different areas, there isn't one clear, concise tool to judge the general pricing trends, so try to take a little from each. CoreLogic...
MOI
This should be open Sunday, 12-3pm - 3515 Rock Ridge, Carlsbad:
Another Flipper
The guy from the TV show, Flip This House, wants to show you how to do it too. He has a seminar tomorrow to discuss how he is going to make $150,000 profit on this house at 1036 Edgemont in South Park. The house had been purchased at the trustee sale by our favorite...