Thanks to daytrip for sending in this article: http://www.bloomberg.com/news/articles/2015-09-16/would-you-buy-this-house-sight-unseen- An excerpt: One in five Americans who bought a home in the past two years said they had made an offer on a home they had never...
Month: September 2015
More Players
We already have at least twice as many realtors as we need, and now we are loading up with middlemen too - everybody wants a piece of the pie! There is an escrow company now that will input your listing into the MLS for $50, as long as they get the escrow! These guys...
Reverse Auction
Hat tip to DH for sending in this article: http://www.ocregister.com/lansner/swimming-682657-estate-house.html An excerpt: "Going … going … gone! Seller will reduce price by $50,000 every day until sold," said an ad that Coleen Brennan of Engel & Volkers ran in...
West Taliesin West
Are you looking for a single level house that has some designer flair to it, without being over the top? Want the garage to be set up and ready for tinkering? Check this out! http://www.zillow.com/homedetails/1314-Clear-Crest-Cir-Vista-CA-92084/16630968_zpid/
Inventory Watch
The year-over-year changes in active inventory is about what you would expect: Under $1,400,000: 380 listings (-15% YoY) Over $1,400,000: 688 listings (-1% YoY) The average list pricing is about 5% lower than last September, except on the lower end (Under-$800,000) -...
Agent Teams Under Scrutiny
The California Bureau of Real Estate has decided to clamp down on the agent teams and groups - more on it from Rob Hahn: http://www.notorious-rob.com/2015/09/calbre-to-keller-williams-drop-dead/
Price Will Fix Anything
Cliff Failure
For those tempted by the liquid enchantress, take heed - thanks daytrip: http://www.latimes.com/local/lanow/la-me-ln-cliff-crumbles-la-jolla-20150911-story.html TV footage of the collapse showed a pool in the backyard of a home slightly hanging over the edge of the...
Today’s Home Buyers
A great summary of today's home buyers provided by John Burns. Interesting to note that 65% of buyers are childless, which must mean that many couples are buying their home before having kids? ...
Live Home Tours
There are new gadgets for real estate coming at us every day, but this one has some promise if it can live-stream without interruptions. From FT: http://journal.firsttuesday.us/tech-corner-reallync-hosts-virtual-home-tours/45666/ Have you ever given a client a tour...