This should be a piece of cake! We had five offers to purchase this 1979 custom home, but because it is hard to look at, buyers expect a BIG discount. Here I review a simple plan to bring it into this era. The comp that just closed this week for $2,895,000 is a...
What can home buyers do to simplify their search? Being realistic is a great place to start. Virtually every realtor promises to find you a 'dream home', and it's easy to believe that there must be a perfect home out there, no matter the price range. The perfect homes...
Why should home buyers be optimistic about 2025? It's because sales have bottomed (hopefully): San Diego County Annual Sales of Detached-Homes: 2003: 28,251 (high point) 2021: 25,252 2022: 18,378 2023: 14,003 2024: 14,837 It's still going to be a challenge though....
Virtually everyone is reluctant to predict the future of the real estate market. Even most realtors will throw their hands up and declare, "Who knows?". But around here, one fact has been clear and it tells us what we need to know about the rest of the year. The...
I think we are in for several monumental changes in the market conditions next year. Some will be quick to label it a simple change from a seller's market to a buyer's market and leave you hanging. But it is a description that needs more definition - specifically,...
There is a saying in real estate that buyers can pick two of three: Size, Condition, Location. I'm going to modify it slightly, because price should be in there. Home Buyers - Pick Two: Price, Condition, Location. If a buyer wants a home in fantastic condition and in...
Great advice from long-time Compass agent from Atlanta - if the house you just saw isn't a 4 or 5, then forget it immediately: View this post on Instagram A post shared by Glennda Baker Atlanta (@glenndabaker)
We've heard of the metric that measures the supply and demand in residential real estate sales. Lance called it the key housing metric going into 2025, but he is suspicious of its accuracy: A rule of thumb in real estate is that anything below a 6-month supply of...
The conspiring events - softer market, fewer and less-experienced agents, and lower commissions - are all leading us to the same place: The destruction of the traditional model of residential real estate sales will be triumphed by the unknowing, but it will be the...
People are asking about the NAR lawsuits - hat tip to Susie, Gerry, and Carl! The lawsuit that began this week contends that realtors force sellers to pay a commission to the buyer's agent. Two defendants, ReMax and Anywhere (Coldwell Banker, Sotheby's, etc.) have...
