A couple of months ago I ran into an acquaintance who expressed an interest in flipping his first home. There was a good prospect coming up I was aware of and I showed it to him. It was a nice prospect and a minimum net $30K return after commissions. He said he’d get back to […]
I think it would be a lot of fun to do a deal that involved bitcoins although fixing the exchange rate might take a bit of negotiation. Would you accept payment for your home in Bitcoins?. Why? Why not?
RealtyTrac has to have made a mistake when it reported that 49% of all homes sold in September were to cash buyers. Until now, their data and the data from NAR had been roughly in-line. This can’t be right. From RealtyTrac: All-cash purchases nationwide represented 49 percent of all residential sales in September, up from […]
We all know how deeply San Francisco rents and home prices are tied into the dot com economy. Check out this chart showing San Francisco rents versus the Nasdaq. Maybe there is something to this… Hat Tip The Atlantic.
Bonuses are sweet, Paid outside of escrow directly to the agent who brings a buyer and completes the deal. Not split with your broker, you keep it all. I’m seeing these again from time to time, in cases where the listing agent has screwed up in one way or the other. If I am representing […]
With home prices having spiked and inventory so low this summer, California home sales retreated to levels seen in 1988. Larry Roberts breaks down the numbers and analysis: It’s been called “sticker shock,” but perhaps a more apt term would be “price revulsion.” The cost of ownership rose so high so fast that buyers simply […]
Historically, as home prices rise, more sellers are enticed to put their homes on the market. This time, however, something is different. Prices have risen dramatically over the last 18 months, yet housing inventory has fallen. This isn’t how things are supposed to be. The important question is why. The answer will largely tell us […]