real estate market: Sellers Penalized for Negotiating
- 05/23/07 09:21 AM
It's very common in the Twin Cities market for first time home buyers to ask sellers to pay for some of the buyer's closing costs. Today's buyers may have "A" credit, have a good job, and a good lender, but they have trouble coming up with enough money to pay all of the closing fees to get into the house. Sellers who are wanting to negotiate in good faith with a potential buyer often raise the sale price of the home to compensate for contributing to the buyer's closing costs. When the sale price of the home goes up, so does the commission. As a … (35 comments)
real estate market: Real Estate, Rational or Irrational?
- 04/24/07 02:10 PM
Last year I often scratched my head and wondered why my business had gotten so difficult all of a sudden. It was like that.. "all of a sudden". Today I heard an explanation that made so much sense I had to sit down and tell you about it. One of the Senior Vice Presidents at my brokerage called it the "rational market" theory. This theory suggests the real estate market has a natural state and natural curve that it will follow. If that curve is interupted, it will eventually return to that curve. The real estate industry reacts to a number … (4 comments)
real estate market: Selling your home? Do what Target does!
- 04/17/07 10:48 PM
Find someone who has been successful, and do what they do. What does Target have to do with selling your house? Everything. Target has heavenly marketing mojo that we in the real estate business need to rob and duplicate! If you're selling your home, you're in the real estate business. Let me draw two parallel questions: Why is it that when Walmart is posting 4th quarter losses Target continues to do well? AND Why is it that there are homes that are selling within 30 days on the market and with multiple offers (yes, they still happen) and others languish on the market? Reputation: Target donates … (3 comments)
real estate market: Real Estate is Different on My Planet
- 10/30/06 12:31 AM
I've worked so hard to surround myself with positive knowledge people, I've had my head in the sand. Seems there are a number of writers in the blogosphere that have an opinion about the real estate market, and are playing much better chicken littles than most of the media I've read. For example, take Keith from Housing Panic. I don't know much about Keith who owns this blog, but in his profile he states he's in the Marketing industry. Not an economist, Not in real estate.And did you know, there's an entire blog devoted to David Lereah, NAR's chief economist?Wikipedia has … (6 comments)
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