market reports: No, Putting the Text of the Bonus in Bold Doesn't Work!
- 12/05/07 09:48 AM
Because the price is still too high! I had a seller ask me recently to include a $5000 selling agent bonus on a very small home in Silver Spring. After a week or so of no showings she asked me to put the text in bold so that agents could really see it. Causing me to look like this:
Unfortunately, this is only one of the fallacies she believed rather than my advice, mostly because she looked like this...
Fallacy #1: Everything else in the county is more expensive so those who want the least expensive home will flock to her home. Fact: Can't say as I've ever (66 comments)
market reports: Bethesda Real Estate - Newsletter updates
- 12/05/07 03:54 AM
"Study the past if you would define the future" Confucius As we head into the holiday season and the end of the year there is much uncertainty in our real estate markets. In Montgomery County we tend to fare better than the national market but it's critical to remember that all real estate is local! While California, Nevada, Florida and Arizona are all suffering heavy foreclosure losses, the cause of their distress is unlike states like Michigan or Ohio where they have massive job losses to contend with. Speculative behaviour led to unrealistic increases in pricing, not in line with real wages. And (2 comments)