People say there will always be a need for a realtor, but consumers may adapt to new methods: JG: How is Zillow addressing these different aspects of the consumer journey? ES: The problem that we are spending a bunch of time on right now is how do you fix the...
Month: February 2022
Million Over List in ER
I was just saying the other day that we're due for a sale that closes $1,000,000 over the list price......but I'm not going to count this one. The seller had been telling agents that he wanted $4,000,000, and it went on the Compass internal site at $3,260,000 for a...
San Diego is #1
San Francisco is no longer the nation’s least affordable metro area, being surpassed by San Diego, it’s neighborhood to the south. The latest OJO Labs unaffordability report saw San Diego bypass both San Francisco and Los Angeles to become the nation’s least...
The ER Five
Another follow-up on those five listings that went live on the market in the same week. A third one (on Jensen Court) went pending this week! It was the best value of the three homes for sale, so no big surprise. It's what we can expect in other areas at other price...
Automated Valuations
We see on every listing how the estimated values jump all over the place. On my Aviara listing, the initial estimate was $2,247,615, but once the home hit the open market, the red team lowered their estimate by $313,637 to $1,933,978. A few days later, they have...
Roda-byebye
Maybe that global warming thing is just on the east coast? Hat tip to cbmark for sending this in! An oceanfront vacation home in the Outer Banks area made famous by the movie Nights in Rodanthe completely collapsed into the sea, most likely due to erosion, causing...
Prince Super Bowl
No one will ever top this:
Prop 19 Transfer of Tax Basis
For those who are at least 55 years old and are buying a home in San Diego County in which you will reside, you can bring your previous property-tax basis with you! Here is the San Diego form - they vary by county: Claim for Transfer of Base Year Value to Replacement...
Wire Fraud
Written by Richard Hopen from COMPASS Short Hills NJ: When my wife and I sold our house in 2017, our $239,000 mortgage payoff was stolen. The money was never recovered. We were victims of real estate wire fraud. I’m not only a victim, I’m also a real estate agent and...
Balboa Park Condo
Check out our new listing of this 2br/2ba home in Park Royal! It's the premium penthouse unit in the complex, located in the very back and has the wrap-around balcony for max viewing of the surrounding area. Newer kitchen, newer bathrooms, hardwood floors, efficient...