Be careful with those Redfin estimates - they are tied to the list prices. The snip above was taken on January 15th, and the one below was taken last night. It's hard to believe the actual value went up 12% in 48 hours: Should they have the ability to revise their...
Realtor
Off-Market As A Strategy
It's been widely accepted for years that off-market sales are part of the real estate landscape. After the (fraudulent) short sales went away, realtors needed another sexy lure to attract new clients, and rather than crafting the high demand and bidding wars...
More Contingent Sales in 2019
While some folks can't make sense of a move up or down, there are others who have specific wants/needs, and are willing to forge ahead - if they can just sell their existing home and pour their equity into the next one. I'm three for three this year with contingent...
C.A.R. Attorney Gov Hutchinson
Yesterday we heard from Gov Hutchinson, the assistant general counsel for the California Association of Realtors. He travels around the state to inform realtors of the basic changes to forms, and helps define other aspects of the business - here's a summary of what...
Strangest Questions
This is a great list: 1. 'How do you keep alligators from coming up into the toilet?' Michael Lyons, a real estate broker with Lyons Realty Group in Hollywood, FL, has certainly heard his share of concerns about alligators lurking in yards, ponds, and swimming pools....
Sexy Sunset
This is listed for sale, but no price given. Make offer!
Which Home Sellers Might Panic?
Is there a chance our home values could drop 20% to 30% like we saw in 2009? There aren't enough homeowners who will sell for today's market value. If prices drop, wouldn't there be fewer homeowners interested in selling? Probably - unless there was a panic. Who...
$5M in Newport
How to get scantily-clad women into your real estate video without appearing to be overtly sexual in nature:
The End is Near
Our broker-cooperation model of sharing listings though the MLS has been the lifeblood of selling homes since the early 1960s. But it is breaking down right before our eyes. It's not going to happen all at once, or even happen out in the open. Instead, the sharing...
Pocket Listings / Coming Soon
More tip-toeing around the Coming Soon topic in Realtor Magazine yesterday: The surge in off-market “pocket listings”—those held off the MLS in favor of secret channels and networks between agents or within a brokerage—is a growing issue in the real estate industry....