Lies, Damn Lies, and Realtor Statistics What’s the best way to tell if a “saved” MLS search is in fact a prospective home Buyer, who’s watching the property in the hopes that the price drops? Reduce the price. If the price reduction triggers a wave of showings (and ideally, offers!) . . . the “saved” MLS searches...Read More
Balancing Home Search “False Negatives” vs. “False Positives” When setting up searches for prospective Buyers, the goal is to find “the Goldilocks” happy medium: sufficiently narrow criteria that the resulting list is manageable . . . but not so narrow that the search returns only a handful of listings. Or none. In practice, for most Buyers, the...Read More
Liking the House . . . But Not the Price What do Buyers today do when they like a home — but not the price? (ditto for their agents). They save the search on MLS. That way, they immediately know if/when there’s a price reduction. See, “Who’s Watching the Listing?” “The Ayes Eyes Have It”...Read More
False Negatives and False Positives In a post earlier this month titled, “Who’s Watching the Listing?,” I talked about the utility — and lack thereof — of tracking how many times a particular property has been saved on MLS. Generally speaking, the more people watching a listing, the better; presumably, prospective Buyers like the home but not the price, and...Read More
