Category: Home Selling

Zillow Offers: Are They Putting Their Money Where Their Zestimate Is?

Zillow Offers: Are They Putting Their Money Where Their Zestimate Is?
Zillow has gotten themselves into a bit of an awkward position with their new Zillow Offers program. They are now in both the business of providing ostensibly unbiased estimates of home values AND buying and selling homes. It’s awkward because, on the one hand, if they determine home values using something other than their Zestimates... Read more »

$75 MM Investment In REX Homes Makes No Sense

$75 MM Investment In REX Homes Makes No Sense
A few weeks ago REX Homes, another real estate startup with a unique business model, raised an additional $45 MM in a third round of financing, bringing their total to $75 MM since they were founded in 2015. God knows the real estate industry is in sore need of new business models. Home buyers and... Read more »

Selling Your Home Fast - The Right And Wrong Way

Selling Your Home Fast - The Right And Wrong Way
This is a follow up to last week’s post on selling your home fast to flippers or vultures. Based on some of my own experiences, it covered the worst way possible to sell your home fast and also explained what’s driving those economics. There was actually way more material on this subject than I could... Read more »
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How To Sell Your Home Fast

How To Sell Your Home Fast
Simple. Sell your home to a real estate vulture and get screwed. You can always sell your home fast enough if you are willing to let it go really cheaply. But why would you when you have much better alternatives? Sell Your Home Fast And Cheap To Flippers/ Real Estate Vultures You’ve seen the signs... Read more »

NAR Reverts To Old Nonsensical Position On FSBO Debate

NAR Reverts To Old Nonsensical Position On FSBO Debate
I really thought we had put this issue to bed a year ago – the real cost or savings of for sale by owner – when some smart guys finally looked at the problem the correct way. For years the National Association of Realtors made outrageous claims about how a real estate agent could get... Read more »

Zillow Claims That These Keywords Will Get You 29% More For You Home

Zillow Claims That These Keywords Will Get You 29% More For You Home
Zillow came out with another one of their bizarre real estate analyses a couple of weeks ago. This one focuses on listing descriptions and concludes that just getting a couple of the right words into the description can increase the selling price of the home by up to 29%. Wow! If only it were that... Read more »
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New Tax Plan Likely To Exacerbate Home Inventory Shortage

New Tax Plan Likely To Exacerbate Home Inventory Shortage
The best I can tell there is one provision of the new tax plan that is a done deal. Surprisingly it doesn’t seem to be getting that much press coverage. It’s a change in the requirements for avoiding a capital gains tax on the first $500,000 (for a couple) of gain on the sale of... Read more »

What Costco Chicken Tells Us About Selling Homes

What Costco Chicken Tells Us About Selling Homes
Everyone loves those rotisserie chickens that they sell at Costco. At $5 for a fully cooked, 3 pound bird they just fly off the shelves – supposedly 157,000 per day. They are one of the best bargains at Costco – no doubt a loss leader – since they are a few dollars cheaper than what... Read more »

How Much For Sale By Owner Really Saves/ Costs You

How Much For Sale By Owner Really Saves/ Costs You
For years realtors have been making preposterous claims about the exorbitant losses that will surely be incurred by homeowners that decide to sell their homes For Sale By Owner. The most recent post to this effect that I easily found was this November 9, 2015 blog post on the National Association of Realtors Web site:... Read more »
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Agents Who Screw Up Listings With Bad Real Estate Photos

Agents Who Screw Up Listings With Bad Real Estate Photos
I think the last time I wrote about the importance of professional photos was more than 7 years ago: Professional Real Estate Photos Make World Of Difference. Of course, surprisingly, many realtors continue to use pretty bad real estate photos in their listings. I think what’s even more surprising is that home sellers continue to... Read more »