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...
Home buyers deserve to have their own representation. The broker cooperation system which allows every agent to share their inventory with all other buyers via the MLS has worked well for 100+ years. But it has been under attack for years, and it may not survive the...
Two years ago, the National Association of Realtors began the Clear Cooperation Policy, a directive that compels agents to submit their listings to the MLS within one business day after any public marketing. It was an attempt to quell off-market sales, but Glenn says...
Here are the big hitters in the L.A. luxury market talking about today's conditions, and the PLS:
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...
To say it's the Wild Wild West out here is putting it lightly, and how realtors handle multiple offers is the primary reason. There isn't a standard way to handle a bidding war - and heck, we don't even agree on what is confidential, and what isn't. Here is the...
We see it more and more these days - listing agents who shut down showings of their listings. I'm sure most would say, "What do you want me to do? I had 20-30 appointment times available, and they all booked up!" When faced with having to work harder, smarter, or...
Zillow is already acting like a regular realtor and soliciting sellers - even those who are actively on the market, which is unethical. Content starts at the 38-second mark:
Selling a house is different every time - it's truly the wild, wild west. Because there are no standard rules of engagement on how to sell a home, everyone does it differently. I had an agent accost me on why my offer was so low (it was full price), to which I said...
The time-honored tradition of buyers hoping to sway sellers with a personal introductory letter came to an abrupt halt this month with the new FHDA form (see snip above). Not only has it been customary to submit a letter of introduction with your offer, but if you...
