Today's buyer is facing a conundrum of epic proportions. It is obvious to most that in many areas of Southern California, prices have flattened out. Luxury sales have slowed dramatically. And, all indicators are that sometime in the near future, we will see a slight adjustment in home values.
For that reason, many buyers are thinking that the wise move would be to hold off their purchase. And, most likely get the home they want for less money. And, it is true that historically this would have been a good strategy to employ. Today, I am not so sure.
In fact, I am telling my friends and family that today, may be the very best time to buy. That there may not be better time to purchase in their lifetime. Let me explain.
While it is true that home values are at near record highs for most of the South-land. It is also true that interest rates are still in the high three percent range for a thirty year fixed rate mortgage. And while property values may drop slightly sometime in the next …
Twenty two years ago, I lost someone who held near and dear to my heart. She left me for greener pastures. It seems that the promise of new found wealth, a bigger home. And, a stage suitable for mega rock stars was more attractive to her then my life long commitment, devotion, and adoration ever would be.
When she left, I was devastated. I vowed to never love her again. When her name was mentioned, I turned a deaf ear. She was dead to me. I must admit that in her absence, I sought the comfort that I had come to know with her from others. And while these dalliances were pleasant. They were not the same.
About a year ago, I started hearing rumors that she might in fact be coming back. I feigned a lack a lack of interest. But, deep inside my heart was beating with anticipation, that once again we might be reunited.
Finally rumor became fact and I was faced with a real dilemma. Should I remain faithful to the one who had provided me a secure, loving relationship. One in which I had found …
A troubling wind is blowing and the destruction it leads too if left unchecked could lead to a serious black eye for our industry. Most everyone knows that it is our (REALTOR) code of ethics that separates us from other licensees.
It is these code of ethics that establishes our conduct, standards of performance and customer care. And, it is our Code of Ethics on which we lean when we seek to rehabilitate an agent who fails to live up to those standards.
Consumers on both sides of the transaction can be hurt. So with that I will (if you will indulge me) lay out for you the Anatomy Of A 400 Day Listing.
Keep the listing out of the Multiple Listing Service (MLS) with the intent of securing the buyer yourself. Historically it has been the "Best Practices" of the National Association of REALTORS(R) (NAR), and of most MLS service providers that a listing be put in the MLS within the first 24-48 hours of a listing contract being executed. Failure to do so could result in fi…