We are wrapping up our sale in Encinitas Ranch, so I thought it would be a good time to comment more on the unconventional and remarkably transparent open-bidding process I employed to determine the winner. Here's where I described how it went down:...
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...
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...
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...
You say 'full transparency' and blah, blah, Jim - what do you mean? What happened? Give us the dets!! We received two cash offers during the open house on Saturday, one from the first people who saw it on Friday, and the other from a buyer who attended the open house...
Nicolas Berggruen, a real estate investor who earned the moniker “homeless billionaire” through his jet-setting lifestyle and lack of a permanent address, just shelled out $63.1 million for the Hearst estate in Beverly Hills, winning the prized property in a...
Two years ago, the National Association of Realtors began the Clear Cooperation Policy, a directive that compels agents to submit their listings to the MLS within one business day after any public marketing. It was an attempt to quell off-market sales, but Glenn says...
If you haven't ventured into today's home buying experience yet, this is what it's like:
We should sell homes via auctions. They are open, fair, and effective. In Australia, home auctions are the primary vehicle. Here's an example of dozens of people standing around in the street to auction a $2,000,000+ home:
The industry has been abuzz over Zillow buying ShowingTime, our appointment-scheduling service. Wouldn't it be great if Zillow published the number of showings publicly? The intel that could be gathered would be of great interest to buyers, and help enhance the...
