Ok, ok - yesterday I said that we're at the highest pricing ever, but the San Diego non-seasonally-adjusted Case-Shiller Index isn't quite there yet. But it feels like record pricing around the north county coastal region, doesn't it? The index dropped eight months in...
Hopefully the hubbub about realtors' pay will cause consumers to investigate agents more thoroughly, which I've been encouraging for a while. Here's one of my blog posts from 2009 - check the comment section too: by Jim the Realtor | Jul 24, 2009 | Thinking of...
What a great day! Delivering pies and talking real estate - what a privilege! Talking points you might hear over Thanksgiving dinner. - It's too unaffordable. Prices have to adjust. There will be the occasional seller who gets caught in a pinch and has to sell that...
Yesterday, 2,400 Compass agents came to the Rady Shell to hear CEO Robert Reffkin discuss the accomplishments of his clients, the agents. Here are this year's facts to plug into our presentations: Compass #1 in sales volume nationwide last two years. Compass agents...
It's been over two weeks since the verdict was announced on the commission lawsuit, and the response from the realtor community has been tepid, to say the least. Agents are waiting to see a strong example of how to convince buyers to sign a buyer-broker agreement....
There are three ways to get exposure to realtors. Word-of-mouth from friends and family. Personal experience or investigation. Realtor-paid advertising. First, let's identify how realtors get their business. Either they earn the business (#1&2 above), or they buy...
A simple analogy for realtor commissions is a long-distance flight abroad. Someone who was booking a flight from San Diego to Phoenix probably wouldn't be too concerned about the quality. Because the flight only takes an hour, most can endure the...
Did you know that none of the jurors had sold a house before? It was part of the screening too, and the defense attorneys were so cocky that they didn't think it would matter. Their witnesses were a smart-aleck NAR CEO on his way out the door, and an elderly...
The first week after the realtor-lawsuit verdict went as expected - chaos, doom, and no sexy alternatives. It will take years to appeal, but it won't matter how it turns out. Buyers are going to be paying their agents. If sellers aren't obligated to pay any commission...
A good example of the places that could be undervalued is Terramar in Carlsbad. It's a neighborhood of 240 homes near the beach, and the living is so good that there is rarely any turnover. Without a flow of recent sales, who knows what the market will bear -...
