If you don't have to sell and just want to test the market, is there any harm in listing high? Just because there is no urgency doesn't mean some nice young family with 2.2 kids won't come along and love it like you do. Around 60% to 65% of the listings sell each...
Thinking of Selling?
PQ Follow Up Part 2
The process of selling a house has many variables - let's keep examining. What were the comps used to determine the price? The most important thing about evaluating the comps is to see them through the eyes of the buyers. I cannot stress enough how critical this is...
Selling to Millennials
http://www.nextavenue.org/how-boomers-can-sell-their-homes-to-millennials/ Generally speaking, boomers who bought homes to start families purchased what their budgets allowed and fixed them up over time. Nothing could be further from the minds of typical Millennial...
Rents Pushing Higher
Speaking of newcomers, it won't just be outsiders who fuel the future demand. Mortgage rates dipping into the threes make buyers giddy, but today's low rates are just the sweetener. Demand is being driven by the soaring rents. Rich people can choose in or out - I...
Boomers Survey
This survey is dated 2014, and they should update it every year - or at least until I'm right about having a boomer liquidation sale coming down the pike! This survey asks several different questions, but notice how 20% to 30% of the responses seemed to divulge some...
Sentiment Index
Only 1,003 people surveyed but they were asked 100 questions. From MND: http://www.mortgagenewsdaily.com/10082015_national_housing_survey.asp In case you missed it, last month Fannie Mae began to transition the multi-graph and narrative report detailing results of...
Sandbagging
The blog post linked below points out the percentages of total realtor listings on Zillow. The Z Group didn't take too kindly to such exposure, and they issued a cease-and-desist order, so I'm not sure how long this link will be working:...
Best Time to Buy
This guy tries to make a case that October 8th is the best day of the year to get a deal on a house. Generally, let's just say that the best time to buy a house is when everyone else isn't - and you still have to be able to find the right house, at the right price:...
Get Good Help
The difference is that when you hire me to sell your house - you get me, a long-time veteran of bidding wars and how to handle them with specific strategies so you sell for top dollar. Anybody can shuffle multiple offers - my skill is getting them to compete against...
Boomer Liquidation Sale On Hold
The baby boomer liquidation sale has failed to materialize....so far. Boomers are holding onto their old homes longer, and living the good life instead: LINK Baby boomers are not leaving the homes they own to settle into apartments, as housing economists had...