Putting (Too) Good a Face on Things? It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing* (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...Read More
Putting (Too) Good a Face on Things? It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing* (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...Read More
“So . . . How Long Has it Been on the Market??” First, a definition: “CDOM” stands for “Cumulative Days on the Market” — what non-Realtors call “market time.” As a prospective Home Seller (and their Realtor), it’s your friend on a new listing, neutral after perhaps 6-8 weeks on the market . . . and...Read More
“Rich in Time,” or, Making Lemonade Out of Un(der)employment No, they don’t have a lot of disposable income — that’s kind of the whole point, actually. But it turns out that the nation’s 20 million-plus un/underemployed represent a huge, untapped market — and companies with a recreational and/or social networking angle are catching on. Apple...Read More
From Stigma to “the Norm”I was at an industry conference yesterday where the speaker compared “strategic default” — making a business decision to walk away from an “underwater” mortgage — to society’s notion of divorce up until the 1970’s. Back then, relatively few people divorced, so there was a stigma attached to it. Fast forward...Read More
