Buyers out early in their hunt for new meat have been disappointed so far. Of the 36 detached homes listed in NSDCC this year, 23 of them, or 64%, were on the market at the end of last year. While the practice of 'refreshing' a listing is frowned upon, you could make...
Listing Agent Practices
Evaluating Realtors Using the Internet
Are you accustomed to using the internet for all your shopping needs? Those who prefer to research and buy products and services on-line will find it natural to do the same for agents. Here are four ways to use the internet when selecting a realtor: 1. Google their...
Disintermediation & Realtors
The desire to bust up the realtor cartel has a long and lengthy history, and each year it seems to take on a new twist. Now it is the realtors themselves who talking about the Big Dismantle: http://www.inman.com/2013/11/09/mlss-at-cliffs-edge-over-pocket-listings/ We...
Value-Range Pricing Stats
Yesterday reader DaCounseler asked about value-range pricing, and how it shows up on the statistics. Using two list prices to create a 'price range' was added as an option about ten years ago as an alternative to "get the conversation started". It does provide one...
More on Pocket Listings
My contribution to a big article on pocket listings in the OC Register: http://www.ocregister.com/articles/mls-529529-pocket-home.html Other agents say pocket listings are never a good idea. If being on the open market is good enough for Kobe Bryant, arguably the...
Bad Real Estate Photos
A whole website dedicated to our photographic incompetence - w/quips! http://terriblerealestateagentphotos.com/ Two samples: "There’s a balance to be struck between making a room appear too tidy, and making it appear as if the owner should have a television...
Creative Staging
Staging a home is a positive thing, and it provides two benefits. It makes the photos more inviting, which brings more visitors. Visitors are typically more impressed, due to the extra wow-factor, plus the fancy gear can mask imperfections like funky room size, color...
Summer Distressed Pricing
The impact of the short-sale fraud is becoming more obvious. It was at its worst in 2012, and though there has been some rebound this year, the short-sale average pricing is still well below the rest: NSDCC detached homes sold between June 1-to-August 31: Year REOs SS...
The 10-Day Listing
While logically there are many reasons to sell a house via the auction process, the biggest hurdle is the seller's paranoia about giving their house away. Auction.com has been trying to develop a retail presence, but they are a long ways from gaining any traction. Is...
Real Estate Poker
With the shine off the frenzy, listing agents will be more inclined to bluff about the number of competing offers in order to build urgency - and to procure a higher-priced sale. How do you know when you're getting bluffed? First let's point out that most agents don't...