Lesson 2 - Take listings at the right price. Why? Sellers are reluctant to lower their price - after all, they aren't going to give it away. By the time that reality sets in, the buyers' expectations have fallen further and you will struggle to catch up: Example:...
Year: 2013
Home-Flipping Huckster
Have you thought about being a flipper, and paying to learn the craft? Armando Montelongo Seminars offers long weekends of questionable advice, raucous showmanship and tours of foreclosed homes in some of America’s poorest sections. His secret formula: Go deeply into...
Trust Yourself
The education has begun. Here is Kayla's first training video: In the video I suggest a general rule-of-thumb for house valuations. Below is how they compare to the actual cost-per-sf averages over the last 90 days (and after a furious 12 months of frenzy where the...
The Raveonettes
The Raveonettes are a Danish indie rock duo, consisting of Sune Rose Wagner (born 1973, Sønderborg, Denmark) on guitar, instruments, and vocals, and Sharin Foo (born 22 November 1973, Emmelev, Denmark) on bass, guitar and vocals. Their music is characterized by close...
San Diego June Sales and Pricing Up
San Diego was the only county in Southern California which had both sales and pricing increase last month: http://www.latimes.com/business/money/la-fi-mo-home-prices-soar-20130717,0,254160.story Southern California home prices skyrocketed more than 28% in June...
Oops
City crews tear down the wrong house - the one next door! HT to daytrip:
Mortgage-Rate Panic?
Ben Bernanke's comments today have further calmed down the mortgage rates, now back under the 4.5% threshhold. Was there much panic in the last couple of weeks? Either a flood of new listings, or buyers rushing in/backing off? Not really. Here are new listings and new...
Hammerin’ Climate Change?
I think daytrip sent this last month: http://www.latimes.com/business/money/la-fi-mo-top-real-estate-issues-20130605,0,4776185.story Addressing a gathering of real estate journalists downtown, kickoff speaker Howard Gelbtuch, chair of the Counselors of Real Estate,...
Carmel Valley Project
The hits keep coming to Carmel Valley, where the mid-$800,000's range is rapidly becoming the bottom of the detached-homes-for-sale market: The property being developed across the street is described below, where they note that removing 30,000 cubic yards of dirt will...
Credit Repair Rip-Off
SAN DIEGO - Mark Ramirez said he hired the Georggin Law Firm to help repair his credit after he sold his home through a short sale. "It was my first home. So you know I did work hard for that and unfortunately I lost it and I trusted these individuals to help me out...