You know the market is competitive, you've lost a bidding war or two, and then it happens - a hot new listing pops up that is right in your wheelhouse. The thought occurs to you. "Maybe I should buy direct from the listing agent?" First, let's identify how often this...
New listings of short sales and REOs are lagging well behind previous years, but non-distressed listings are higher than last January: NSDCC New Listings, January 1-28th: Year Short Sales REOs Non-SSREO Totals 2010 44 15 321 380 2011 40 10 437 487 2012 35 12 327 374...
Once we get past the Super Bowl, home buyers will be out in force, resuming their hunt for a new home and hungry for a deal. Boy, are they going to be surprised. Not only is the active inventory as tight as ever, the new listings are dribbling out, compared to...
Are you thinking of selling your house? Do you want top dollar? It is OK if you don't want or need top dollar. Because if you want to offload your house quickly, there are many who will buy it outright, or agents who claim that they will pay you CASH for yours, if...
In September, 2010 the City of Del Mar auctioned off a half-acre hilltop lot. Here's how it looks today, with a flashback to the actual auction (auctioneer got 10%): Here is the city's original youtube marketing:...
A common ploy used to win a bidding war is the "escalation clause". One of the agents in the Arroyo Hondo bidding war included this phrase as part of his highest-and-best offer price: Buyer will pay $5,000 over the highest offer. The escalation clause is an accepted...
I was quoted yesterday by an AP reporter, who was doing a story on the last month's sales that included a very sexy headline, "California Home Prices Rise 19% in October": Jim Klinge, a broker in north San Diego County, said one of his customers bid on 14 properties...
When Grant Fry spotted a listing one night for a four-bedroom house in Orange that seemed to be exactly what he was seeking, he knew he had to move fast. He showed up at the home the next day: "We were here. Bam." He submitted an offer five hours later, at the full...
Lily has an article about the bidding wars and shortage of inventory downtown: http://www.utsandiego.com/news/2012/aug/30/downtown-market-update/ Buyers fret at the thought - and many will say, "I'm not getting in a bidding war!" Here are my thoughts on bidding wars:...
There hasn't been the widespread appreciation - yet - that normally signifies a "sellers market". But as we've been documenting here, multiple offers are being submitted on every reasonably-priced listing. In many cases, sellers - and their listing agents - aren't...
