Tom saw that Stewart had a new banner on Redfin, and he wondered if I refreshed the listing on the MLS. I didn't, and when I checked, the other listings nearby that have been active for months had the same look: Buyers are probably smart enough to figure it...
Listing Agent Practices
Selling Your Home in 2019
We have a fundamental problem in the housing market - how it works today. New listings are distributed within minutes these days, and waiting buyers are on the edge of their seat. Those who were already frustrated with high prices, higher rates, and coming soons want...
812 Clicks
I only put this on here because I want you to learn with me, side-by-side. I spent a couple of bucks on a Facebook ad, and got 812 clicks. Buyers are interested! There is a demand right below the surface, and a property that looks under market will get hundreds of...
Redfin Estimate Drops $90,956
Another example of how the Redfin estimates aren't generated from some snazzy algorithm - they are just tied to the list prices. Above is the before-MLS-entry estimate of $823,185. Below is their estimate after the MLS listing got into their system: $732,229
Pocket Listings / Coming Soon
More tip-toeing around the Coming Soon topic in Realtor Magazine yesterday: The surge in off-market “pocket listings”—those held off the MLS in favor of secret channels and networks between agents or within a brokerage—is a growing issue in the real estate industry....
Modern Farmhouse Open 12-3
We're having open house 12-3pm Saturday and Sunday to find the buyer, and to keep the pressure on those who have seen it, and may be lurking (in case they're thinking that waiting longer might mean a better price). Relentless activity keeps the buyers hopping! A week...
JtR Expands the Market Area
Our local associations of realtors are done suing each other, and as of today, those of us in the NSDCAR are officially using the nearly-statewide CRMLS. We are going to share the other local option, SDMLS, for the next two years so consumers probably won't notice...
Risky Off-Market Scenarios
This is how the industry enforces the rules - run an article like this every once in a while that gives tips how to CYA. We do have a form that absolves agents from wrong-doing, which just begs agents to ignore the rules: From N.A.R. If you or your client is...
The Reality of iBuyers
The ibuyer is the sexy new shiny object in the real estate game. While the idea of a quick and easy sale sounds great, the reality is already much different - and, as the market transitions, their quotes and repair costs should get more conservative (and home sellers...
Open Chaos
Opendoor, the ibuyer who purchases your home for cash and closes escrow at your leisure (as long as you don't mind paying their 6% to 13% fees plus home repairs) has made a deal to acquire a discount brokerage: Opendoor announced Tuesday morning that it has...