Here's a great snapshot of how the vast majority of listing agents handle multiple offers. They just grab one, and kiss off the rest - which isn't good for the sellers, it's not good for the losing buyers who might have made a better offer if there was a...
With the California Department of Public Health allowing open houses now, it would seem that we are getting back to normal. The industry has done open houses for 100 years, so taking a few months off shouldn't inhibit the practice from coming back. Or will it? It...
Zillow's full assault on realtors is ramping up. They are happy to buy your house for the amount of their zestimate, which in this fast-moving market can only mean that sellers are leaving money on the table - it's just a matter of how much. But sellers - who have...
It's getting to the point where it is so competitive that buyers will be tempted to make offers without contingencies to improve their chances of winning. But let's face it, they would do so reluctantly. Sellers should be very cautious about taking an offer with no...
We have another disrupter who is providing a service you didn't know you needed until now. Traditionally, a buyer's agent accompanies their clients to show them the homes for sale, and to give expert advice about each house while on site. But other real estate...
Spence has gotten involved with Offerpad, joining the other disrupters who lead with lies and insults about traditional realtors. He said, “The real competition for Offerpad isn’t Zillow or Opendoor, it’s the fact that 99.5% of the time people sell their home the old...
I have honored four legends in these pages - my Dad, Doug Harwood, Gary Thompson, and John Wagner. Today we add a fifth. Peter Buehrle, affectionately know to all of us as Peter B, passed away on Sunday. He was gregarious and good natured, always bringing levity to...
Thanks to the readers who sent in the recent WSJ article that mentioned that the national inventory is so bleak that there are more realtors than homes for sale (1.04 million homes vs 1.45 million realtors). Let's check the local productivity. The graph above shows...
To provide some transparency on the deal-making on the street, here's a review of properties that have gone pending this week. I didn't intend to make a blog post out of it, but I had inquired about the availability of these listings, and for my own knowledge I like...
For those who know Tom Ferry, this is his house:
