Posts tagged "home selling"

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 »

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 »