When my listing of 1463 Paseo de las Flores hit the open market on October 18th, there had been three other properties that were providing guidance on price. The monster 7,277sf home at 519 Samuel had been in escrow for almost two months, and 628 Lynwood had been...
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:...
We had a huge turnout at the open house yesterday - more than 100 people showed up, which made me think I should include Friday open houses for every listing! We've already received two written offers, and there should be a few more by the end of today. I plan to...
It happened again yesterday. I got the Dear John letter from a listing agent. This one was somewhat unusual though. I always ask a listing agent how they will handle multiple offers, and 100% of the time it's some version of spreading them out on the coffee table and...
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...
The seller of our new listing in Encinitas Ranch has been discussing a move for six months. He contributed his decision to sell now primarily to what he read here on the blog. Specifically, that what appears to be a frenzy slowdown is NOT reflective of the market...
