To say it's the Wild Wild West out here is putting it lightly, and how realtors handle multiple offers is the primary reason. There isn't a standard way to handle a bidding war - and heck, we don't even agree on what is confidential, and what isn't. Here is the...
Realtors Talking Shop
‘No More Showings’
We see it more and more these days - listing agents who shut down showings of their listings. I'm sure most would say, "What do you want me to do? I had 20-30 appointment times available, and they all booked up!" When faced with having to work harder, smarter, or...
Zillow Gloves Are Off
Zillow is already acting like a regular realtor and soliciting sellers - even those who are actively on the market, which is unethical. Content starts at the 38-second mark:
Realtor MLS Club
Selling a house is different every time - it's truly the wild, wild west. Because there are no standard rules of engagement on how to sell a home, everyone does it differently. I had an agent accost me on why my offer was so low (it was full price), to which I said...
No More Love Letters
The time-honored tradition of buyers hoping to sway sellers with a personal introductory letter came to an abrupt halt this month with the new FHDA form (see snip above). Not only has it been customary to submit a letter of introduction with your offer, but if you...
Being A Realtor in 2020
Here's what it will take to be a successful realtor from now on - hat tip WSJ! “It’s an attention game. It’s not who has the better postcards, it’s about who can attract the most eyeballs,” Mr. Serhant said. “I can walk into an appointment with a seller and say ‘there...
Getting Started in Real Estate
I'm going to help a few people get started in the business, and hopefully make a career of selling real estate. I figure I should just publish my guide right here on the blog, and Fridays are a good day to do it! Let's explore what it takes to become a realtor in...
Industry-Disruption Podcast
Here's a thorough discussion on the the state of realtor disruption - early on, Rob refers to this post: https://notorious-rob.com/2020/07/two-steps-forward-one-step-back-the-story-of-innovation-in-real-estate/ For every tech platform that sets out to disrupt real...
Realtor Survey, June 2020
Click here for the city-by-city report: Monthly Survey of Real Estate Agents June 2020
Wait And See About Foreclosures?
This presentation covers both sides of the concerns about home values plunging because of the effects of the pandemic on the economy. Suze says don't buy a house until later this year because there could be foreclosures, and David points out that the CARES Act already...