Posts tagged "home selling"

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 »

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 »
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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 »

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 »

Guaranteed Sale Programs: Real Estate Agents That Buy Your Home If They Can't Sell It

Guaranteed Sale Programs: Real Estate Agents That Buy Your Home If They Can't Sell It
Several people have recently told me that there is an area realtor running radio commercials where she guarantees that she will sell your home or she will buy it from you. This was news to me only because I don’t listen to AM radio. What’s not news to me is the concept, which has actually... Read more »
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Real Estate Negotiation Myths And Reality - When Selling A Home

Real Estate Negotiation Myths And Reality - When Selling A Home
It turns out that you can understand a lot about what happens in the real estate industry by just trying to answer one simple question: Why are real estate commissions so high? And the mythology around the real estate negotiation process is a perfect example because one of realtors’ chief value propositions is that with... Read more »

Crazy Real Estate Model: Selling Your Home With No Listing Commission

Crazy Real Estate Model: Selling Your Home With No Listing Commission
There is sort of a new real estate brokerage model out there for selling your home – if you live in Philadelphia. The concept is that you can market your home for sale with a full service brokerage without having to pay any listing side commission (but you still have to pay a commission to... Read more »

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 »
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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 »