Ditch the reserve price and send buyers into a tizzy! Michael Jordan's 56,000-square foot home in suburban Chicago has failed to sell at auction after the bidding fell short. Jordan spokeswoman Estee Portnoy says nobody offered the reserve price of $13 million for the...
Few like the thought of investing time and money into a house to make it right, but there are benefits - today's sunset starts at the 7:30-min mark:
There have only been 94 listings expire, withdraw, or cancel in the first half of December. With 794 active listings, you'd think that there might be more cancelling for the holidays, and coming back fresh next year. But after a home has been on the market for 30-60...
Here is the wrap-up report on the 5-offer bidding war we had on Ivy Rd. Most bidding wars lack transparency - the listing agents just want you to send in your best deal and they decide which is best. I handle the bidding wars personally, and pit all contenders against...
This might be an extreme example, but with the weather so nice and rates still reasonable, buyers are always in the hunt these days. However, the wrong-pricing of new listings is evident, and likely to continue into next year:
Remember Dan Bailey? Here is a follow-up from latimes.com: Daniel A. Bailey Jr. isn't your average homeowner. He hasn't paid his mortgage in more than five years, and has no plans to start now. His stance stems from a bizarre incident that thrust Bailey into the...
The Trulia predictions earlier this week included several references to less investor activity in 2014, due to higher prices. In particular was his #2 point: 2) The Home-Buying Process Gets Less Frenzied. Home buyers who can afford to buy won't be as frantic as...
The people from realtor.com who were experimenting with an agent-rating site dubbed, 'AgentMatch' gave up the fight today - before it even started. From the realtor.org website: http://www.realtor.org/articles/realtorcom-concludes-agentmatch-pilot We learned a few...
The 2014 Spring Selling Season will be impacted mostly by mortgage rates and the number (and quality) of homes coming to market. The mortgage rates will likely dictate everything, and though thankfully the jumbos are still tracking the conforming rates, it won't take...
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