Typically, buyers will bid up to 10% over the list price to win. If you really want it, go higher!
How To Win A Bidding War
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Ideas/Solutions
Fewer Are Moving
These are excerpts from Scott G's newsletter yesterday: The most recent migration headlines concern Silicon Valley. The narrative: It sucks and everyone is leaving. Venture capitalists who built their fortunes in the Valley say they’re "over" it. The Bay Area is...
California Dream For All
More on one of the proposals to spend the state's budget surplus. It doesn't make the homes any cheaper, so home buying will still be limited to the affluent who can afford the payments: First-time buyers often rely on family gifts to afford the down payments on...
Auctions Now?
It would have been a good idea to launch the auction format on an industry-wide basis during the frenzy. But how about now? They are still a good idea because auctions bring transparency and certainty to the home-buying process, which buyers would appreciate and make...
How to Fix Housing
Today, the White House released their plan to fix housing: https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/ I only skimmed it and I didn't see the one thing that could...
California Interest-Free Loans
This will help to keep home prices up: A top California lawmaker is proposing to spend $10 billion to help families buy homes in the state with some of America’s highest housing prices. Democratic State Senate Leader Toni Atkins on Wednesday unveiled details of a...
Zillow – What’s Next?
Mike pointed out that Zillow simply kept paying too much for homes, and instead of adjusting on purchase prices being offered, they shut it down yesterday. But Zillow is too big and too aggressive to rest. Here's what Mike thinks could be next: While Zillow 2.0 may...
ReStore Carlsbad
Here are ways to contribute to the creation of reasonably-priced housing: The San Diego Habitat for Humanity ReStores are home improvement discount stores with a simple premise: by selling new and gently used donated goods, we can fund the construction of new Habitat...
Sea Level Rise
Thanks to the OCR for this article - link at bottom: Sounding the latest alarm over the devastating impacts sea level rise is expected to have on the California coast, a new report from the state Legislative Analyst’s Office details the critical need for action over...
Housing Policy
The C.A.R. sent out this paper that reviews the current housing dilemma, which boils down to having to improve zoning regulations to facilitate more/better infill projects because the more-mature cities are out of land for the most part. She also included this:...
