Thinking of Selling?
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,...
Fast Money
We've touched on the new disrupter OpenDoor, which is currently operating in Phoenix and Dallas (places where home values might be easier to determine): https://www.opendoor.com/homepage They are willing to pay cash for your house and close in three days, which sounds...
When to Sell a View Home
Unfortunately for the sellers of view homes, the local marine layer tends to impact the prime selling season. Buyers would much rather see the view with their own two eyes, rather than rely on photos! https://en.wikipedia.org/wiki/June_Gloom Save
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...
Homebuyer Turnoffs
Rarely do I smell cigarette smoke in houses for sale any more. H/T daytrip! http://theweek.com/articles/659711/how-quitting-smoking-help-sell-home Have you ever been touring a home as a potential buyer and known within a few minutes that the house was not for you?...
In Search Of
Door-to-door soliciting:
Higher Prices = Harder to Sell
As home prices increase, buyers get more picky - and it makes sense. If they have to pay more, then they want more for their money. This should have some lasting effects on the market: The sellers who upgrade their home to sell will be rewarded. The gap between the...
