The camera was rolling today - here are a couple of short home tours with commentary along the way: We lost a pillar of our industry this week when Mike Evans, broker/owner of Sea Coast Exclusive Properties passed away. He began his brokerage in 1985, and it grew...
Realtors Talking Shop
Industry Titans in San Diego
Well I was probably wrong on Sunday about the Robert Reffkin appearance meaning something else. I didn't realize that there was a big conference scheduled for today at the Loews Coronado Bay Resort. It wasn't a realtor conference; instead it was the industry titans...
Sexy Realtor Video?
Here's a steamy new real estate video that isn't as sexy as the previous ones we've seen, yet the reaction was so strong that the brokerage took it down and cancelled the open house. The big complaint was that the woman featured wasn't the woman in the photo, but the...
Open Bidding
Realtors are fighting the idea of open bids? Agents prefer no rules: Ontario real estate agents are lobbying the province against the mandatory disclosure of offers among competing home buyers in transactions involving multiple bids. The Ontario Real Estate...
Price Reductions Already
The percentages are quite a bit higher this year. The title of the graph could be 'Sellers Who Are Having No Showings' because most are (overly) optimistic this early in the selling season and hold tight on price until later. Something must be rattling them - like no...
Know the Inventory
Here's a good example of what makes us old-school agents good at our job - we know the inventory. Seeing the new listings every week enables us to recognize the features/nuances of each home and how they compare to other active, pending, and sold listings. It...
DRE on Coming Soons
The DRE has finally issued 'guidance' on the Coming Soons. Ignored are these facts about agents making off-market deals with no MLS exposure: We see top agents doing it regularly, There is no enforcement whatsoever, and You give us the forms to CYA (last paragraph)....
NRT Rips Compass
Today, Ryan Gorman, the CEO of NRT which owns Realogy (Coldwell Banker, Century 21, Corcoran, etc.) took a major shot at Compass. He released this two-page 'questionnaire' for his agents to use when interviewing with Compass, but he sure comes off as desperate and...
Real Estate for the Older Crowd
According to the Realtors Confidence Index national survey, 89% of home sellers were at least 35 years old, and two-thirds were selling their primary residence: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Of those who bought a home, 72% were at least 35 years...
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...