We have received ten offers on our new listing, and have entered the highest-and-best round with responses due by 3pm today. A buyer asked me yesterday at what price could he end the bidding-war nonsense and just buy the house today. I told him that I couldn't speak...
We were flooded with buyers today! A constant flow of 3-6 groups at a time all to see our hot new PQ listing off the 56 and only one exit down from CCHS. Talk about a convenient location - within five minutes you can get to top-rated K-12 schools, shopping, grocery,...
At the end of this video, I describe how I conduct my bidding wars - it's so simple, everyone should do it!
I had mentioned in the comments section that I showed a house on Labor Day that was priced at $2,195,000. The temperature was so hot that I literally said to my buyers that no agents would be working on the holiday, let alone writing offers, so we should have an easy...
Everyone's asking the question - who has the answer?
Instead of pushing a Code of Ethics that is 109 years old and is unenforceable, the National Association of Realtors should do the same thing and require a similar bill of rights. Besides, once you ban blind bidding, then open auctions would evolve naturally!...
I had a good conversation this week with the people at Doorsey, and they are well on their way to providing a sharp and effective online home auction platform that could change how homes are sold. If/when Zillow buys them and provides online auctions nationwide,...
People say to me, "I bet you're loving this market", expecting that realtors are raking it up these days. Not really. I lost 50+ bidding wars with buyers this year who lost out to others who insanely overpaid with no regard for the comps, or because listing agents...
It never fails - go golfing and sell a house! I only golf 2-3x per year - we should go more often!
Because I wanted to make the competitive bidding all about price, I was willing to live with the other terms in each buyer's offer. The winners included a $50,000 good-faith deposit in their full-price offer - which was a little light. Typically, the deposit is 3%,...
