The Pending Home-Sales Index dipped 3.3% last week, which helped to fuel more doomer talk (examples here and here). People assume that if the stats don't rise every year, then we have a problem. But doesn't the number of homes for sale affect the outcome? ...
Year: 2017
Sell Home and Leave America?
Could this be one of the growing trends that might add more reasonably-priced homes to our inventory? Thanks Daytrip for sending in! http://www.charlotteobserver.com/news/nation-world/world/article154209369.html To casual visitors, this colonial town in southern...
It’s Not Real Friends, It’s Real Estate
It doesn't take much to turn our business into a comedy movie:
Buying a Crack House
Hat tip to Eddie89 for finding this article on remodeling: http://torontolife.com/real-estate/parkdale-reno-hell/ It was a crumbling Parkdale rooming house, populated by drug users and squatters and available on the cheap. We were cash-strapped, desperate to move and...
‘Perfect-House’ Characteristics
The most popular characteristics that today’s buyers want in a home.
High Comp Alert
The list price was $729,900 - $759,900. It closed for $785,000 cash yesterday! The previous high sale on the street was $685,000 in December for a bigger house on the same side of the street. Congrats Tom!
Gregg Allman R.I.P.
Let's do this right and go back to the original lineup. We know that Gregg's brother Duane was killed in a motorcycle accident in 1971, and bassist Berry Oakley was devastated. He too died in a motorcycle accident a year later, just 3 miles away from where Duane...
Private Down-Payment Assistance
Those with less skin in the game are typically the people who have the most trouble in a down market. Apparently, the potential profit must be so large that the investors overlook that - or figure there is little chance the government will let the market go down...
SW Carlsbad
My buyers offered full price for this house on the first day, and we were fifth out of five offers. One buyer included the escalation clause, which meant he was willing to pay $1,000 over the highest bid. It's not a great way to determine the winner if you look at it...
Kayla’s Trendy Tuesday
What Do You Put Under That Staircase? Hello again blog readers! Sometimes a home can lack enough square footage. Home owners start turning attics into bedrooms, windows turn into bookshelves, and the space under the staircase can become anything you want! Today my...