It was back when some homeowners had little equity that my favorite seller quote became a t-shirt legend. But we still hear it today - when it comes to price, home sellers regularly say, "I'm Not Giving It Away!". Their equity positions used to be pennies, compared to...
We were discussing the "mold" found by a home inspector, who wasn't qualified to comment on the subject - though that didn't stop him from trying to scare the daylights out of the buyer just so he could CYA. I suggested that it was the garden-variety mildew that could...
Here's more click bait on the front page of the local paper, and most people won't read any further - it's too easy to decide to do nothing, which is fine. Wait as long as you want, and we will see where it goes. It's a great plan if you're a buyer and don't care much...
I had another 80+ people attend my open house on Sunday, and a total of more than 200 people for the weekend. Virtually everyone who came was older, and the overwhelming message was that the buyer pool for one-story homes is large and they are hungry for product. We...
Are you waiting to buy a home until you can get a sizable discount? Is it because you know a guy who will give you a deal on any home improvements needed; you've got your eye on some new appliances down at the scratch-and-dent outlet; and you were thinking about going...
Chris asked how the current environment compares to the 2008 downturn. In the summer of 2008, there were only 601 NSDCC sales between June 1st and August 31st, in spite of there being 1,348 listings that summer. For the next two years, the number of listings far...
We opened escrow today on my first contingent sale in 2+ years - where my buyer has to sell their home to purchase the subject property. There were two offers submitted - and BOTH were contingent upon selling another property! Thankfully, the house we're going to sell...
For those who prefer a single-level home and would like to peruse a curated group, check out this on-going collection of my favorite one-story homes for sale between La Jolla and Carlsbad here:...
The wildcard on pricing is that every potential seller has sufficient equity to dump on price if needed. Why a seller would give it away when there are so many other alternatives (renting, reverse mortgages, hard-money loans, etc.) is beyond me. Even flipper...
When I made the comment that people are soft, it was because I was thinking about the guy who came to the open house and said he would have bought it.....except for the power lines. If he had issues with the house, yard, etc. and the power lines were just one of the...
