Posts tagged "home selling"

Your First Offer Is Your Best Offer - Fact Or Fiction?

Your First Offer Is Your Best Offer - Fact Or Fiction?
When home sellers get their first offer* they are very likely to be told by their real estate agent that the first offer is the best offer – and real estate agents state this as though it’s a statistically validated fact. It’s part of the real estate mythology that is repeated like a mantra. But... Read more »

For Sale By Owner: The Alternatives You May Not Have Considered

For Sale By Owner: The Alternatives You May Not Have Considered
As I’ve recently posted there can be good reasons for going the for sale by owner route but there can also be plenty of legitimate reasons for not doing it (as opposed to the many bogus reasons often given by real estate agents). However, you’re not limited to just two alternatives at opposite ends of... Read more »

For Sale By Owner: The Truth About Selling Your Own Home

For Sale By Owner: The Truth About Selling Your Own Home
Hard to believe that a real estate agent can tell you the truth about trying to sell your home without a real estate agent – especially after I just covered all the myths and lies that the industry spreads about the for sale by owner route. But I’m going to try anyway. I actually have... Read more »
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For Sale By Owner: The Myths And Lies About Selling Your Own Home

For Sale By Owner: The Myths And Lies About Selling Your Own Home
Dennis Rodkin posted a story in Crain’s last week about the rise in for sale by owner (FSBO) listings on the forsalebyowner.com Web site: For Realtors, an unwelcome trend. Later in the week he also appeared (well, his voice was heard) on NPR discussing the same topic. The bottom line is really nothing new. Some... Read more »

Penn And Teller Episode Explains Why Real Estate Commissions So High

Penn And Teller Episode Explains Why Real Estate Commissions So High
I’m always baffled that in this day and age most people are still paying such high real estate commissions to traditional real estate agents to sell their places – especially at the high end – or passing up the opportunity to get a commission rebate from their real estate agents. But maybe it’s still the... Read more »

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 »
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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 »

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 »
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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 »
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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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