The first time I used open bidding to sell a home was in 2012: BI picked it up, and here is their blow-by-blow account: https://www.businessinsider.com/southern-california-home-auction-2012-11 Some may wonder is there is a separate auctioneer license. In California...
Month: October 2021
Bidding War! Part 5 – Beat This Price
You know there are agents out there thinking, "Jim, you sniveling little baby - why don't you just get your buyers to offer more money so they can win the bidding war?" First off, a bidding war is when participants are bidding against each other. What is practiced...
Most Expensive Home by State
House porn! https://robbreport.com/shelter/homes-for-sale/lists/most-expensive-home-every-state-2920063/ Plus this just closed for $177 million - agent round-tripped it too:...
September Comments
I got a chuckle out of the highlighted comment above, but it feels like it! NSDCC October listings: 2018: 401 2019: 366 2020: 400 2021: 177 Today's NSDCC counts: Actives: 249 Pendings: 248 The 2022 selling season could be disappointing at this pace - and the inventory...
Encinitas Ranch Former Model
Sometimes it's easy for homeowners to make the decision to move, and for others it takes careful deliberation to come to the right conclusion - and it's relative to how much they love their home, and if they can do better. It took months of discussion to decide to let...
Montage
Natalie Merchant
It was Natalie's 58th birthday yesterday - happy, happy!
Bidding War! Part 4 – LMOTT
I mentioned the cash offer we made on Saturday on behalf of buyers hoping to purchase a home in Carlsbad. It finally came to a conclusion last night. It went the same way all of the other multiple-offer situations have gone: It dragged on for days. Little or no...
Frenzy Season, 2022
The NFL added a 17th game this year, and pushed back the Super Bowl to the second weekend of February. It will be about as long as buyers can wait, and the following weekend should be gang-busters. If you're not putting your home on the market in the next 2-3 weeks,...
Zestimate Manipulation
Zillow did get around to updating their Estimated market value after a few days. They kicked up the zestimate by $633,200 to get within 0.18% of the list price - and they are still wrong! It is incredible how much faith and confidence the consumers put in their...