Written by Jim the Realtor

November 5, 2022

I don’t mind a home inspector bringing up every detail – what matters most is how they present them. We call it ‘bedside manner’; like the doctors who are able to tactfully tell their patients the truth in a way that they gently understand and accept.

After this sale fell out of escrow, the key positive was that we had 100% clear mold remediation, unlike every other house for sale (because buyers rarely test for mold). Yet when today’s very soft and afraid buyers hear the m-word, they run for the hills, instead of sensing an opportunity. We closed the second escrow at $50,000 under list, instead of $300,000 over.

7 Comments

  1. Jim the Realtor

    When you hear that inventory is exploding, know that it is happening elsewhere – not in San Diego:

    The inventory of active listings in the U.S. grew 33.5% year over year in October, surpassing 2022 levels. Some classifications and areas remain terribly under-supplied.

    Among the US’s largest 50 cities, 42 saw their active inventory rise in October from historic lows. The top gainers were Phoenix, Ariz., which saw the total number of for-sale listings rise by around 174%, followed by Raleigh, N.C., with a similar jump of around 167%, and Nashville, Tenn., with a 145% increase.

    Inventory of newly listed homes, however, rose in just four markets: Nashville; New Orleans, La.; Dallas, Texas; and San Antonio, Texas. Cities in the West and the South saw the biggest increases in the share of price cuts. Nearly 36% of listed homes in Phoenix had price reductions, followed by 31% in Austin, Texas, and 24% in Las Vegas, Nev.

  2. Jim the Realtor

    NSDCC Inventory Comparison:

    End of October, 2021 (Hottest Market in History)

    ACT: 277
    PEND: 251

    Total: 528

    End of October, 2022

    ACT: 395
    PEND: 136

    Total: 531

  3. GeneK

    What was the count at the end of Oct 2019?

  4. Susan

    What do you think about the change in the ratio between active and pending?

  5. Jim the Realtor

    Sellers are holding out.

    You’ll never hear that on mainstream media, but that’s what it is.

    The listing count is almost identical. Sellers think there are two in the bush this year.

  6. Jim the Realtor

    NSDCC October 28, 2019

    ACT: 909
    PEND: 291

    Total: 1200

    Our local market is going to take off again in Spring. We just need something to sell!

  7. Jim the Realtor

    A retaining wall is a strong structure that is made to keep a hill, slope or mound of earth in place. Unlike indoor walls, retaining walls receive pressure horizontally instead of vertically. Due to the weight of the earth behind the wall, a retaining structure must adhere to high construction standards. Almost always, a retaining wall is part of a system which may include Geogrid, stone, and drainage pipe in addition to the decorative, front-facing wall block. Unlike garden or free-standing walls, retaining walls typically require engineering and civic approvals. Retaining walls can be of any height but are usually higher than 3 feet.

    Garden walls are low walls, usually about 18-24 inches in height, that line a landscape feature. The garden wall acts as a division between the installed feature and the rest of the landscape. These smaller decorative walls act to bring emphasis to the landscape element and to provide visual and architectural interest to the design as a whole. Garden walls are not meant to withstand the weight pressure of heavy, packed earth. Topsoil is relatively light and can be supported by a garden wall. Like retaining walls, garden walls are also typically one-sided wall units.

    https://ephenry.com/whats-the-difference-between-a-retaining-wall-and-a-garden-wall/

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

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