Things that blow out deals are usually avoidable, and are easy to identify in hindsight. In this case, the agent let the buyers pick a roofer out of the book, which is a terrible way to do business. He gets paid the same whether he blows the deal or not, so of course...
For those who 'specialize in the off-market space', here's a new excuse to justify your unethical and probably illegal practices: "some buyers don’t want photos of the home they’re purchasing on the internet"....
Speaking of the Oracle, how did you like his price reduction? He was listed at $11,000,000 for 19 months with no adjustment, and then drops the price by 28% to $7.9 million? Is it a good strategy to drop that much, all at once? It would be, if you were convinced that...
Hat tip to Kerry for sending in the latest on the Oracle's house in Emerald Bay. The listing has run a typical path - while ignoring the current condition of the home, and able to make gobs of profit at half the price (the original $11M list price was 7233% above...
More on how I use the open house as a selling tool:
A quieter Sunday at the open house - about half the people as the crowd on Saturday, which makes you think that the internet advertising is what brings them and they are happy to wait until the first open house:
Over 100 people attended my open-house on Saturday, which goes to show you that the market is alive and well if you can get the right combination of house condition and price. I don't worry about being under-priced, because I know that my method of maximizing the...
The realtor population of 1.3 million agents today is expected to be cut in half over the next five years. Most will be by natural attrition - the old-style agent is retiring and being replaced by mega-teams. How the brokerages provide for their teams is what will...
Timing your home's sale is critical - and it helps if your realtor has some 'international reach' too! Thanks daytrip: The apartment directly below President Donald Trump’s opulent bedroom at Trump Tower is going up for sale for $24.5 million — and it’s not clear if...
We see people changing their price by $1,000 or $5,000, and it makes you wonder what they are doing. They can't actually believe that it will do any good, can they? Here's why they do it. Realtors tend to live off their MLS hotsheet, which is the day's summary...
