As sellers hold their grip on the market, buyers are starting to understand what it’s going to take to stay in the game, according to responses in Redfin’s second-quarter Real-Time Home-Buyer Report. After speaking at length with the buyers, it was determined that...
A frequent question is, "How long will it last?". It depends on how long the demand lasts, which at this point appears to be deep and wide. There are sectors of today's buyer pool that are still waiting for their shot: 1. Low-Down-Payment buyers. You can be...
What makes me think the frenzy is slowing down? 1. List prices have gone from 'exuberant' to "hit-the-lotto" range, generally speaking. Have you seen it too? It's not enough to just get more than the last guy, some sellers list so high that they must be thinking of...
From the mercurynews.com: Selling your home? You can get the best possible price if you know how to negotiate. From truly understanding the market to figuring out what moves prospective buyers, it pays to be part detective, part psychologist and completely realistic....
The real estate industry is known for its gimmickry, and is ripe for internet hucksters who put their own twist on it. SD_Coastal sent in this latest attempt - an internet-referral company who has realtors who will discount their commission by 50%. Towards the end...
The recent frenzy has been frustrating for buyers - should you wait-and-see? The history of the median sales price shows that there is usually some softening around Dec/Jan - that is, up until this year: US Median Sale Price US real estate info The demand feels...
Ken compared some of today's tactics to those used at the peak: They're back after barely a decade: escalation clauses in real estate contracts, "naked" contingency-free offers and low-ball-priced listings designed to pull in dozens of bidders and turn routine sales...
Jim Klinge sighed as he made his way through a foreclosed home littered with empty bottles of rum and mattresses. It was 2008, and Klinge, a real estate agent, was filming a YouTube video for his blog documenting the housing crash in the cul-de-sacs and condos north...
If you want to buy a house during its first few days on the market, expect to pay all the money - and even that might not be enough. The banks started it with their insistence on not entertaining offers for the first 4-7 days. But just because a bank does it, doesn't...
MB Mike asked 2 questions: If you were a prospective seller and had a pretty open time frame to sell (say you planned to sell sometime in the next 3 years) would you hang on to realize more appreciation? With so many buyers, it must be tough for agents to get...
