We saw HERE how the new president of the N.A.R. has three goals for his term; winning the disintermediation battle, realtor safety, and having 100% of realtors get involved with the association. But in another interview, he also mentioned that he wanted to "help...
Year: 2014
Inventory Watch – Persisting
Christmas is 2.5 weeks away, but we haven't seen much holiday dropoff in listings - we're only 21% under the total number of properties we had for sale at the end of September (and +9% YoY). One reason? Because listings go stale so quickly, there are probably sellers...
Early Offers
Sellers and inexperienced agents are prone to panic when a purchase offer is received during the first 1-2 days the home is on the market. They usually think something is wrong - like the price is too low. But this is how the game works - the motivated buyers are...
Appraisal Issues
Hat tip to Susie for sending in this article on appraisals: http://www.usatoday.com/story/money/personalfinance/2014/12/06/appraisal-real-estate/19906355/ An excerpt: This past July Janice Charlton of Thousand Oaks, Calif., says she was low-balled on a refinance...
Hitler’s Zillow
The Zillow take on the old Hitler classic:
More Free Cheese
More foreclosure-avoidance incentives were announced this week: http://www.mortgagenewsdaily.com/12052014_hamp_mfa_programs.asp An excerpt: "While the housing sector has strengthened in recent years, there are still many homeowners struggling to make their mortgage...
Roller Coaster Open House
New Purchase Contract
The C.A.R does make some minor changes every year to our purchase contract, but according to Gov Hutchinson, the lead attorney for C.A.R., they haven't made any wholesale changes in 12 years. Gov was in town yesterday to review the latest version. Here are my notes:...
Upbeat on San Diego Market
I think this is the first time we've heard from the chief economist of realtor.com, so glad they are trying to at least stay even with Zillow in the sound bite department. From the UT:...
Belleza
Here's a tour of my new listing in a gated community near the university in San Marcos - a great house for the money! http://www.zillow.com/homedetails/525-Via-Del-Caballo-San-Marcos-CA-92078/60059020_zpid/