Home Price as a Moving Target “Those who know, don’t talk; and those who talk, don’t know.” —Stock market saying. What’s true in the stock market is also true in real estate. Namely, the value of what Realtors call a “Comparative Market Analysis” (“CMA”) that can be had for free is . . . about what...Read More
Home Price = Moving (and Influenceable) Target “Those who know, don’t talk; and those who talk, don’t know.” —stock market saying. What’s true in the stock market is also true in real estate. Namely, the value of what Realtors call a “Comparative Market Analysis” (“CMA”) that can be had for free is . . . about...Read More
Stale vs. Fresh Data in a Fast-Moving Market Test your knowledge of residential real estate, and field this question: What is the best way to quickly find out the status of a “For Sale” home? A. Check Zillow or Trulia; B. Look on MLS (assuming you’re a Realtor); C. Look on Realtor.com; D. Request a...Read More
Last But Definitely Not Least Important Step The way I would do the check is like this: | 7549 ^ subtract | - 3958 | add | ------ | v 3581 | I just add upward, as if it were 3581 + 3958 ------ 7549? “If you have something to sell and want to find...Read More
Is it Really Sold? When No One’s Home — Literally — on the Listing Side Normally, listings progress from “Active” to “Sold, Subject to Inspection” to “Pending” to “Closed.” So, what does it mean when a listing gets stalled at “Sold, Subject to Inspection” for a month (or longer)? (note: the typical inspection timetable is...Read More
Like most Realtors, I set up what are (or used to be) called “hot sheets” on MLS to track activity in areas of specific interest to my clients. So, just by clicking “Update,” I can see everything that’s changed on the market — across multiple neighborhoods, price ranges, etc. — since the last time I...Read More
