Our MLS is going to provide a Coming Soon feature, which will fluster the agents who say that the Coming Soons build anticipation (like a movie trailer) and test pricing, but who then use the concept to circumvent the MLS and instead advertise directly to the consumer...
We've touched on two differences that the coronavirus is causing in residential real estate sales; the cumbersome arrangements now required just to see a house for sale, and how wearing masks will help buyers hide their interest in a home. What else is changing? The...
We noted one sales hazard caused by the virus - the increased difficulty of showing homes. Want another? I hate the masks........all you see is eyeballs. Have you noticed the differences when around masked people? Reading facial expressions is near impossible, and...
We should take precautions during the coronavirus era, so let's inform the buyers and sellers what to expect before showing a house. Here we go: As you may know, the industry recently received guidance from the California Department of Health and Cal/OSHA (the...
It has never been made clear to realtors why the Clear Cooperation policy is needed in the first place - or agents didn't understand or agree with its purpose. The new way to get around the rule is for agents to advertise their coming-soon listings with no address -...
From the buyer's perspective - your chances of getting a big discount are about 1% to 2%. https://www.nar.realtor/research-and-statistics/research-reports/nar-flash-survey-economic-pulse
The new N.A.R Clear Cooperation Policy takes effect on May 1st. Next Monday, the CRMLS will begin a Coming-Soon category in the MLS for agents only. The listings can only be in the coming-soon category for 21 days, and no showings are allowed. But the feature won't be...
Showings have steadily improved - here are the percentages off the 2020 weekly average: April 13: -60.4% April 19: -41.1% April 25: -21.7% It looks like they re-adjust their graph based on the new weekly average. The top graph shows that on March 28th (the last day of...
This is where it starts - more buyers are out looking. Those who have fewer concerns about the Covid-19 and are relatively impressed with the industry's attempt at safety are going to get a jump on the good listings. The resistance to the rules is growing too:
Hat tip to Rob Dawg for sending in this podcast by a realtor president - an excerpt: It’s been a strange, and difficult time for us. So, imagine what it's like if you are trying to buy, or sell a home. Tim Comstock is President of the Ventura County Coastal...
