Posts tagged "home selling"

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 »

Writing A Home Offer Letter To Win In Multiple Bid Situations

Writing A Home Offer Letter To Win In Multiple Bid Situations
In hot markets throughout the country, where home buyers are running into multiple bid situations, buyers often write home offer letters in an attempt to persuade the sellers to give them the edge – even over buyers offering more money. Frankly, it doesn’t even have to be a multiple bid situation since you could use... Read more »

Just How Accurate Is Zillow's Zestimate?

Just How Accurate Is Zillow's Zestimate?
I think I already made it clear that I’m no fan of automated home valuation models and Zillow’s Zestimate in particular. Apparently quite a few other people aren’t either. Just last week I posted an article on how some Chicago area builders and their attorney (also a home seller that feels burned by her Zestimate)... Read more »
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Chicago Area Home Sellers File Lawsuit Against Zillow's Zestimate

Chicago Area Home Sellers File Lawsuit Against Zillow's Zestimate
I’ve written numerous blog posts about the terrible inaccuracies in the various automated home value estimators that you find on the Web. About a year and a half ago I compared several of them: Those Home Value Estimators Really Suck. The fundamental problem is that these estimators only look at the easily discernible data on... Read more »

Why I Don't Believe In 3D Virtual Real Estate Tours

Why I Don't Believe In 3D Virtual Real Estate Tours
I always told my kids to beware of the latest fads. Still don’t know how much of that advice stuck but, with the latest real estate fad, I have taken my own advice and I’m dispensing it to our home sellers as well. That latest fad is the 3D virtual real estate tour that allows... Read more »

Chicago Real Estate Market: Just How Fast Have Homes Been Selling?

Chicago Real Estate Market: Just How Fast Have Homes Been Selling?
There has been a lot of discussion over the past few months about just how fast homes have been selling in the current Chicago real estate market. People have even gone so far as to say that if your home hasn’t sold in the first 2 weeks that you’re on the market you must be... Read more »
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Why I Started Preparing My Home For Sale 6 Years Before Selling It

Why I Started Preparing My Home For Sale 6 Years Before Selling It
I should know a few things about preparing a home for sale. I’ve seen hundreds of situations and given out plenty of advice about how to make cost effective improvements, being thankful that I didn’t have to be the one to make them happen In all these situations I’ve noticed some patterns that have affected... Read more »

Reigning In Pocket Listings: Chicago Area MLS Creates MLS For Homes Not On MLS

Reigning In Pocket Listings: Chicago Area MLS Creates MLS For Homes Not On MLS
I’ve written a few posts in the past about the wild, wild west of pocket listings that sounds a heck of a lot sexier than it really is. The basic concept is to secretly market a home for sale so that nobody will really know that it’s for sale except for that perfect buyer who... Read more »

Real Estate Agents Who Claim To Sell Homes At Higher Prices: The Bogus Sale To List Ratio

Real Estate Agents Who Claim To Sell Homes At Higher Prices: The Bogus Sale To List Ratio
About a year ago I posted on some of the real estate agent false advertising in Chicago, including preposterous claims made that a particular realtor could sell homes for 10% more than other real estate agents. After that post I found two other examples of agents making similar claims. These are clearly ethical violations and... Read more »
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When A Mortgage Pre-Approval Is Not Worth The Paper It's Printed On

When A Mortgage Pre-Approval Is Not Worth The Paper It's Printed On
Many people, but not everyone, are aware of this but when submitting an offer to buy a home the buyer really should provide a pre-approval letter from a lender that basically says they look good for getting a mortgage for the purchase price less the down payment – assuming the buyer is going to be... Read more »