This one was better than the last one, but it had a funky easement granted to the neighbor that killed one sale and probably hampered this one. The list price was $950,000, and it just closed for $910,000 for 1,236sf built in 1959 on a 10,800sf lot:
Thoughts from our favorite stager!
In the era when buyers are making very quick decisions, the quality of the photos matter more than ever.
They can help you with your interior design even if you’re not moving.
If you were already thinking that this is getting ridiculous and you better grab the next cheapie even if it was a little rough around the edges before you get priced out forever….this might push you over the edge:
The intensity of the CV frenzy is hard to determine because it’s sold out. Lines are forming but who knows how long?
Because the builder has so few left, you know they would wait it out if necessary. But so far, they aren’t having trouble finding buyers willing to pay $2M to $3M here:
Hard to believe that new-Pardee pricing is where Toll Brothers was 12-18 months ago. But this is the only game in town if you want a new house in the 92130 – especially a larger one-story:
More of the crazy this week – here are examples:
The agent reported receiving over 30 offers on this one:
This house went live on the MLS around lunchtime on Thursday, and by Friday afternoon all 52 showing-appointments allotted for the weekend were booked:
I got here early enough to catch the 3:15 agt on her way out, but the 3:30 agent showed up ten minutes late (his clients were on time) and he locks himself inside the house – which is all it takes to screw up the whole schedule. I was the 3:45 appt – I think there were at least five other parties who came after me:
Can we just draw the line somewhere?
I hope there comes a time and place when all of us can get back together and tell stories about what it was like along the trail. Here’s the nine-years-and-counting saga of us sticking together:
Hat tip to the three people who sent in this article:
It’s a sexy topic because the realtor industry is terrible at explaining commissions, and then reporters jump into the middle of it with their pre-conceived ideas and write articles like this one that make it worse.
Let’s sort out the two issues.
#1. Do agents steer their buyers based on commission being paid by listing agent? Yes.
Will disclosing the commission rate stop steering by agents? No. Will buyers insist that their agent show them those listings any way? Maybe, but agents will find a different reason why they don’t want to show it so it won’t be about the discounted rate.
Sellers should insist on rewarding the buyer’s agent – pay them a bounty for selling your home. If the listing agent is paying 2% or less to buyer-agents, it discourages them from showing your house.
#2. Everything else is an assault on buyer-agents, who are getting squeezed out of the business.
Redfin and Rex want to convince buyers that they don’t need help. Just find yourself a house that you want to buy, and they will do the paperwork for you. They will say anything to convince you it’s all you need.
If the day comes that buyers have to pay for their agent, then they will just go straight to the listing agent who will have worked out a deal with the seller to handle those cases.
In either case, buyers won’t get good help. They will get no help – not from an agent who represents the best interests of the buyers, and advocates on their behalf.
Buyers don’t realize how much they want and need good help until it’s too late – but this doesn’t get considered by the Department of Justice, NAR, or reporters.
Giorgio‘s version of my ten tips for homebuyers – the only time I’ve cussed on video!