Great! A New Kind of Feedback Request to Ignore Once upon a time, “agent feedback” meant the Buyer’s agent letting the Listing agent know how the showing went. Now, apparently, it includes giving feedback on the agent who just handled the other side of a deal. I received the following email from the agent’s broker: Dear Ross,...Read More
(And Why it Matters) Preapproval subject to the Seller paying 3% toward the Buyer’s Closing Costs. –Lender Preapproval Letter Lawyers — and Realtors who used to be lawyers 🙂 — know that if a term isn’t included in a contract . . . it’s not in the contract. That’s because of something called an “integration clause” —...Read More
The Discount for “Stale?” A Lot. It’s only anecdotal, but it sure seems to me — and many other veteran Realtors — that “For Sale” homes today fall into one of two categories: 1) homes that hit the market well-prepped, well-priced, and with a lot of marketing fanfare — and sell in a few weeks; and...Read More
Maybe, But Not Because the Listing Agent Says So Stock market investors are accustomed to analysts who discuss a company’s prospects, and recount a long list of negative or at least worrisome issues. But then they slap a “Buy” rating on the stock, anyways, because they believe “the bad news is already priced in” —...Read More
Preservation vs. Development, Part Two In Preservation vs. Development, I discussed the criteria that I think should be applied when a city is trying to decide whether to preserve or develop a given neighborhood or area. This post is about the criteria that should apply when an individual wants to develop a specific piece of property: their...Read More
Money Loser — But Making it Up on Volume(?) Agent compensation is 10% of the first month’s rent as stated in the lease. –“Agent Remarks” from MLS rental listing Let’s see . . .. Ten percent of the monthly rent — $1,295 in this case — comes to $129.50. Subtract a cut for the Realtor’s...Read More
