Marc Davison suggested here that we re-brand the word 'realtor': http://www.inman.com/2017/02/14/the-case-for-killing-the-term-realtor/ He was met with the usual drivel from agents, some of whom mentioned the big difference between a real estate licensee and a Realtor...
In the beginning of this video I said $20 million but that was the previous list price. It just closed for $10,650,000, which is line with the initial quote of double-digit interest. It is worth it if you need a sprawling Covenant ranch! This is the highest 92067...
When it comes down to the last 2% to 4% on price negotiation, why is there so much trouble putting a deal together? It because the participants had no strategy going in - they just start making offers or counter-offers without regard to where it will lead. Without a...
Here's the follow-up to the Glendale story that started here: https://www.bubbleinfo.com/2016/08/28/realtor-video-tour-2/ As you can see in the video, the house was all original from 1941. There was a deliberate attempt by the trustee and agent to price-in the...
I love the format and they have been very successful in the ranch and elsewhere selling at auction with no reserve: Save
The public administrator's auction is on September 1st: http://www.sandiegocounty.gov/content/sdc/hhsa/programs/papg/auction/09012016-realestate.html Here is a tour of the Carlsbad property:
Richard and I were discussing the phenomenon of houses selling for prices that are well-above comps - and how they almost always end up being all-cash sales. Back in the day, the cash buyers always demanded the best deals - figuring that because they were paying cash,...
The government lowered the down-payment requirements and cut transaction taxes in half - and the market took off. Look at the photo above! Can you imagine a marketplace where bidders are shouting over the counter? I can! Let's auction! P.S. My blog post #5 today....
Remember the top-of-the-hill Del Mar lot that was auctioned off for $4,000,000, and then they added the 10% vig? http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-carson-palmer-house-20151123-story.html
Auctions have a seat at the house-selling table, and their ultra-low opening bids are eye-catching for buyers hungry for new product. Will one player emerge from the pack to dominate the space, or will every realtor be offering an auction option some day? These guys...
