It's not going to be easy for people to judge the frenzy conditions, and as a result, there is going to be overshoot. Even the agents get in a frenzy groove and keep expecting that every house will get multiple offers and a bidding war - and the superior homes...
The only buyers with regrets will be those who purchase in the last 2-3 months of increasing prices in their area: he news seems to be filled these days with tearful tales of folks who bought homes for well over the asking price—some sight unseen—during the...
Two reasons to cancel open house if an offer gets accepted that day (which locks the seller to this buyer): 1) Buyer's remorse sets in immediately, so it keeps the buyers happier because I'm committing to them and they don't feel like I'm shopping their deal around,...
Mike thinks this year's price explosion was unusual, and is working its way back to a more-normal pace. I agree with Mike, and think the market will split, with those products that have been the hottest (one-story homes, family homes with yards and pools, etc.) will...
Great overview of Cardiff!
If you find a hot buy that is likely to have multiple offers, you will be confronting the uneasy choice of waiving the appraisal contingency in your offer. It's likely that the other buyers will do it too, so it's become a part of the minimum package needed just to...
Our listing in Fire Mountain is back on the market. The buyers, who according to their agent were in love with the house and the price, decided to cancel because of what they found out about the city restrictions. The City of Oceanside won't allow short-term rentals...
Here's our two-week check on how the actives and pendings are faring. The Big Three areas (Carmel Valley, Encinitas, and SE Carlsbad) remain blistering hot, and overall we are similar to how Ryan described the Sacramento market yesterday: "We were driving 135 MPH, and...
Based on these closed sales, the local frenzy has been steady this year - though these are results of buying decisions made as far back as January and February. For the most part, we have as many or more sales, and the same or higher LP:SP ratios over the last 60 days...
It is extremely unusual to have more pending listings than actives - I can't remember a time when it has ever happened before, and certainly not at these record prices. You can tell your grandkids that you remember when! This week, we did have the lowest number of new...
