The low inventory of homes for sale causes an initial onslaught of buyers which gives sellers the idea that they are about to hit the lotto-and they overreact.
Traffic Doesn’t Equal Offers
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Bidding Wars
Bidding-War Report
We received 16 written offers on the Bluff Ct. property - here are notes: Five agents were from the LA/OC area. Because their MLS (CRMLS) covers most of the rest of Southern California, they were used to traveling to sell a house. San Diego home sellers...
Buy/Sell Now or Later?
What now? Summer is over, and the so-called spring selling season is six months away. Is it worth waiting? Sellers want to believe that springtime is when all the young families with 2.2 kids will be looking to pay retail-plus. But that belief ignores the trend -...
Another Disrupter
Doesn't it seem like there's a new real estate app that's going to slay the real estate industry every week or two? Will they spend millions to advertise? They need to make it lucrative for listing agents to bring their listings....
Bidding Wars 2016
Are there many sellers who will consciously "list it a little bit low"? The hottest bidding wars are over the well-located houses that have many current upgrades - even those listed for retail. P.S. This should be one of the last TV stories on bidding wars....
Get Good Help
The Red team reported that of the potential home buyers they surveyed, the biggest concern was competition from other buyers. There is an easy fix - work with a good agent who has experience with winning a bidding war.
Car Ramble
More talking while driving....safely:
Handling Multiple Offers
Our listing on Cherokee closed yesterday. It was the 2,527sf three-story house that backed to the I-15 freeway - the one where we had 200+ people attend the open house. The final tally at the Zillow page was 3,745 views, and 77 people had saved it as a favorite...
More Vancouver
Seen at Mish's blog: A Point Grey house with a stunning view has sold for more than $9 million — $1,172,000 over the property’s list price. The 1928 house on Bellevue Drive was offered for sale for $7.888 million. Realtor Bo Park said the seller received 11 offers on...
Is It a Good Time to Buy A Home?
A twitter guy wants a yes or no answer to whether it's a good time to buy. Good time to buy? @Bubbleinfo says YES https://t.co/zFMtxTyyTo; On opposing side, @thefredglick says NO! https://t.co/t5DSOGajA1 #RealEstate — Bill Wendel (@RealEstateCafe) April 6, 2016 He...
