This start-up has the right ingredients, but their auctions do have a reserve amount and no buyer-agent commissions, which cuts out other agents. They say "No Double Ending', but when the buyers are unrepresented it puts the listing agent in an agency position - if...
Listing Agent Practices
‘Coming Soon’ Defined
The 'Coming Soon' tactic has been around for a few years now - long enough that it's become an accepted part of the murky, unregulated landscape, just like short-sale fraud. Because there is no enforcement of the rules or laws, we have to trust that agents handle it...
Off-Market Sales
Two things never discussed about off-market sales: 1) Every agent signed an agreement to share their listings with other agents. 2) Nobody reads the forms before signing. http://www.berkeleyside.com/2017/09/26/sell-east-bay-home-off-market-probably-not-exceptions/...
Off-Season Selling
The pricing triangle above demonstrates the importance of an attractive list price. These percentages are probably cut in half during the off-season, but there are still buyers - I've run into two bidding wars this week!...
“Why Are You Selling?”
From realtor.com: http://www.realtor.com/advice/sell/why-are-you-selling/ “Why are you selling your house?” might seem like a perfectly innocent question from home buyers, but watch out—if you're the home seller they're asking, this is one of the diciest questions you...
Boomers Causing Gridlock
Hat tip to daytrip for sending this in! LINK An excerpt: People 55 and older own 53 percent of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900, according to real estate website Trulia. That’s up from 43 percent a...
Private Club for Realtors
There is one solution that would solve everything - start a new club. It was probably no accident that Mauricio ran this again on his Instagram yesterday, and it is a fantastic idea: They are advertising it as a pocket-listing website, but it could go big and offer...
Zillow vs. Redfin?
Spencer took a crack at Redfin yesterday, and more: LINK An excerpt: Zillow Group CEO Spencer Rascoff isn’t worried about the threat of newly-public Redfin — but he thinks the rest of the real estate industry should be. He made that clear during a conference call...
Big Brother Real Estate
Hat tip to reader MF who sent in a note about this latest 3.0 release. If it wasn't already obvious, our industry has more information on you than ever: With PropertyRadar 3.0, you can have unlimited, always up-to-date contact information with your subscription,...
Real Estate Porn?
Hi-definition movies to sell homes - this one gives you enough to make you want more, which is the goal of marketing. It closed for $16,300,000 in April: