Have you been thinking about getting a great realtor to help you buy a home, but feel loyal to your Aunt Bea or a friend who just started in the business? This story is for you. We received five offers on our new listing over the weekend. The lowest offer was...
I ran into a 3-offer bidding war yesterday where we were competing against a buyer who had offered a $50,000 non-refundable deposit. The seller wanted us to match it to stay in the game. We didn't like the sound of non-refundable (or their price), even though we...
We only had 65 new SFR listings between La Jolla and Carlsbad over the last seven days, which is an 18% drop from the previous week and the lowest count since the beginning of the pandemic. The demand is still hot - there were 85 new pendings - but if the inventory...
Here's how I handle a hot one when I'm the listing agent. My listing of 7206 Durango in Carlsbad was appropriately priced at $999,000, given what we were selling and the homeowners' desire to move sooner, not later. What do I mean when I say 'appropriately priced"?...
Hard to explain how we can lose when offering $150,000 over list, and looking for an answer didn't help:
If there was going to be a day when buyers might have had a chance to sneak in an offer to purchase without competition, it was today. Yeah, right. Meanwhile, after 'upgrading' the MLS for four days, here were the results:
Our Serra Mesa townhouse listing garnered five offers - one at list price, and four over! It will be the highest sale in the history of the complex. Hat tip to 'just some guy' for sending this in: In the ultra-competitive Westchester market, the odds were stacked...
I don't accept these when I'm the listing agent because it's not fair to the rest of the bidders. Here's what C.A.R. has to say: Introduction Q1. What is an escalation clause? A1. An escalation clause (also called a relative bid or "sharp" bid) is a provision added to...
Not mentioned was the list price was $7,000,000 (on April 2nd), and the listing agent represented the buyer too: Even in the throes of a pandemic, the offers started coming in almost immediately. The day after an off-market opportunity in Beverly Hills was made known...
It always seemed to me that if ADUs were selling for $50,000 or less, there would be lots of interest. Literally the first one I ran into (below) at the Tiny Fest was priced at $50,000, and people were standing in line to experience this 8.5 ft x 30 ft home with...
