Posts tagged "home selling"

More Chicago Homeowners Try Selling But Not Happy With Results

More Chicago Homeowners Try Selling But Not Happy With Results
Last week I posted on Chicago’s May real estate market update and noted that there was a peculiar phenomenon in the data. While listing activity is up and sales are down inventory is also down. In principal the change in inventory = new listings – sales – cancellations/ expirations so my conclusion was that expirations... Read more »

The #2 Myth About Selling Your Home

The #2 Myth About Selling Your Home
It’s been 3 years since I posted about the #1 Myth About Selling Your Home. Time flies. I shouldn’t have waited so long to get around to the #2 myth, which is that you need a “neighborhood expert” to sell your home. On the surface it sounds like an obvious requirement, right? Kind of like... Read more »

The Logic Of The Pocket Listing - Why Not List On The MLS?

The Logic Of The Pocket Listing - Why Not List On The MLS?
There is no shortage of real estate mythology, superstitions, and old wives’ tales but one of the strangest concepts is the pocket listing and I think I’m due to weigh in on it since there seems to be an upsurge in the use of this strange technique in the face of a hot real estate... Read more »
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Lots Of Buyers, Not Lack Of Sellers, Driving Low Home Inventory

Lots Of Buyers, Not Lack Of Sellers, Driving Low Home Inventory
When people in Chicago think about the recent lack of home inventory they immediately are assuming that it’s a result of a shortage of sellers. That has been true over the long run – the last 6 years in fact – as a result of sellers being unable to sell because they are so ridiculously... Read more »

How Realtors Lie To Get Your Business

How Realtors Lie To Get Your Business
Every statistics class I’ve taken includes a healthy dose of how to lie with statistics. It’s a legendary part of the advertising industry that preys upon the typical consumer who just isn’t educated enough to see through all the BS. Well, the real estate industry is no exception to this long standing advertising tradition –... Read more »

When Homes Are Overpriced - Example: Oak Brook

When Homes Are Overpriced - Example: Oak Brook
Single family homes in Oak Brook are way overpriced. How do I know this? There are two glaring indicators based upon sales data from the last year. First, all you have to do is look at what homes in Oak Brook are selling for relative to their list prices and the discounts are huge compared... Read more »
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Battling Real Estate Myths With My Own Family

Battling Real Estate Myths With My Own Family
In trying to handle the sale of my parents’ Dallas home from Chicago I guess I should have realized that I would encounter the typical real estate myths from my own family members – but I didn’t. I guess I naively thought that they read every one of my blog posts and had bought into... Read more »

Can A Realtor Really Sell Your Home For 28% More?

Can A Realtor Really Sell Your Home For 28% More?
There is a 3 letter answer to this question, starting with the letter N and ending with the letter W. The very fact that the National Association of Realtors claims this to be the case is an outrageous embarrassment to the entire real estate profession. I’ve actually addressed this issue a long time ago but... Read more »

If You Can't Sell Your Home Should You Rent It Out?

If You Can't Sell Your Home Should You Rent It Out?
The Chicago Tribune ran a story on Friday about reluctant landlords who decide to rent out homes that they can’t sell (There’s actually no such thing as a home you can’t sell. You can always sell it but you may not like the price you get.) and it’s worth reading by anyone facing this decision.... Read more »
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Chicago Homes Under Contract Taking A Lot Longer To Close

When I reported on September home sales in Chicago a few days ago I noted an apparent disconnect between the number of contracts being written and the closings that were actually taking place. The large and growing discrepancy seemed to imply that it has recently been taking longer for homes to close once they go... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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