Zillow and our local MLS provider Sandicor reached the Great Impasse a year or two ago when they couldn't agree on terms under which Sandicor would keep feeding our listings automatically to Zillow. Agents complain all the time about Zillow's inaccuracy, but...
Listing Agent Practices
Virtual Furniture
Do you want to add some pizazz to your listing, but don't want to spend thousands on staging? This company will add virtual furniture to your photos for $32 each: http://boxbrownie.com/s/virtual-furniture-us Buyers who see the virtually-staged photos and then visit...
Realtors and Robots
By now we have all heard how robots will be supplanting humans and taking everyone's job in the near future. What about realtors? Rich Barton had thoughts on the topic this week: NEW YORK — Robots may be taking over the world. But they won’t eliminate real estate...
Celebrity Real Estate Sales
From the wsj.com: http://www.wsj.com/articles/how-to-hide-a-celebrity-home-buyer-1484838701 Excerpts: Code names. Clandestine meetings. Camouflage. High-end real-estate agents are increasingly turning to devices found in Hollywood thrillers to shield the identities of...
Highest-and-Best Counters
Here we are in the second week of January, and I found myself in the middle of four competitive situations already this week - and it's only Thursday! My listing on La Costa Avenue has been shown regularly over the last 67 days, and we had a deal previously until the...
Average Days on Market
You've probably heard the notion that a more-expensive house takes longer to sell. Is that true in today's fast-paced, low inventory era? 2016 Detached-Home Sales Area Median Sales Price Average Days on Market All SD County $560,000 37 NSDCC $1,170,000 45 La Jolla...
Pre-Marketing
A client who anticipates moving here from out-of-state had their realtor tell them that the timeline to sell their house is about 2-3 weeks from pre-marketing to offers. This is a very unpredictable business, but I'll let the specific '2-3 weeks' prediction go....
More 2017 Predictions – Disrupters
It is assumed that the real estate industry is ripe for disruption. We see a new whiz-bang website just about every week that was developed by two guys in a garage who think they have the answer - but then are never heard from again. The reason is advertising. Zillow...
2017 Market Conditions
Our Carmel Valley sale closed yesterday, with two notable lessons for me. Note #1 - We had seven offers, but couldn't get anyone to pay 1% over list - the list price was $729,000, and it closed for $735,000. Usually when there are multiple offers, one or two of...
The Crux
Home sales that aren't a result of a bidding war usually have some give and take in price negotiations. It has been a seller's market since 2009 around here, and the trend of the sellers getting what they want is baked in the cake by now. Will it change in 2017?...