The low inventory of homes for sale causes an initial onslaught of buyers which gives sellers the idea that they are about to hit the lotto-and they overreact.
Traffic Doesn’t Equal Offers
read more
Thinking of Buying?
Walkability is Hot
Buying A Home
Food for thought - he doesn't get into the benefits of raising kids in the same home, which probably warrants a paragraph or two - see comment section too: http://www.nytimes.com/2017/01/06/opinion/the-home-buying-decision.html I’ve been thinking about the big...
Carlsbad Big Bombers
A couple more from the largest planned community being built in Carlsbad:
2017 Market Conditions
Our Carmel Valley sale closed yesterday, with two notable lessons for me. Note #1 - We had seven offers, but couldn't get anyone to pay 1% over list - the list price was $729,000, and it closed for $735,000. Usually when there are multiple offers, one or two of...
Wait-And-See in 2017?
It's easy for me to say our local real estate market should get off to a fast start. It's what we do every year! Let's theorize why the pricing pops in Spring: Demand has been pent-up for 3-6 months; and buyers come out hungry. Virtually all sellers come out greedy,...
Open House Report
A lively day at open house in Carmel Valley, the hotbed of San Diego real estate. A flood of lookers, but as of Saturday night, no written offers...yet. Open house 12-3 on Sunday!
Trump Effect on Real Estate
What is the consensus on the Trump impact on our local real estate market? After speaking to agents on broker preview the last couple of days, I think we can divide the buyer pool into two camps: There have never been more reasons to wait-and-see. But some buyers will...
Game On!
The 2br/2ba condo we are discussing in the UTC area is in a complex that enjoys high rents - this unit should fetch $2,000 per month easily. Because of the quirk in the underwriting guidelines that won't allow financing in condo complexes that have an eminent-domain...
More on Real Estate Disrupters
The latimes.com gave free publicity to a couple of real estate start-ups here: http://www.latimes.com/business/la-fi-ditch-the-real-estate-agent-20161001-snap-story.html Let's examine piece by piece: Real estate agents used to be privy to a lot of information that...
