Why you should Get Good Help! Kim Rohrer was looking forward to leaving the leaky windows in the two-bedroom Berkeley rental duplex that she shared with her husband and two small children. The couple recently found a three-bedroom, two-bathroom chalet-style house in...
This is a repeat of the 2br house featured on my tour a few weeks ago, with the resulting sales price. The agent admitted they priced this 2br house low on purpose to attract a crowd, and it worked. The list price was $699,000, and it sold for $1,100,000 cash....
With no single-family homes in Carlsbad priced under $1,000,000, what do you get at the entry level? Here you go - a 1,350sf condo priced at $615,000 that has drawn several offers, and the bidding war is on:
The percentage of buyers who were willing to pay over list reached another all-time high in July: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% There were 33% of the total sales that...
If you enjoy reading stories on the real estate insanity around the state and elsewhere, here's a solid collection of 100+ over-list examples and buyer despair: https://twitter.com/sallykuchar/status/1396863249409183752 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Here's a great snapshot of how the vast majority of listing agents handle multiple offers. They just grab one, and kiss off the rest - which isn't good for the sellers, it's not good for the losing buyers who might have made a better offer if there was a...
Two years ago, the National Association of Realtors began the Clear Cooperation Policy, a directive that compels agents to submit their listings to the MLS within one business day after any public marketing. It was an attempt to quell off-market sales, but Glenn says...
The frustration among buyers on how listing agents handle their multiple offers is continuing to mount. Because there isn't any guidance from the industry, listing agents just make it up as they go - and in most cases, they just pick their favorite without any...
It never occurs to agents to properly conduct a bidding war where the market decides the winner. Instead, they choose the easy route and just collect offers, itemize them on a spreadsheet, and then point out a winner to the sellers. It is an ego-boosting choice that...
If you haven't ventured into today's home buying experience yet, this is what it's like:
