Tag: home selling

Selling Your Home Fast - The Right And Wrong Way

Selling Your Home Fast - The Right And Wrong Way
This is a follow up to last week’s post on selling your home fast to flippers or vultures. Based on some of my own experiences, it covered the worst way possible to sell your home fast and also explained what’s driving those economics. There was actually way more material on this subject than I could... Read more »

How To Sell Your Home Fast

How To Sell Your Home Fast
Simple. Sell your home to a real estate vulture and get screwed. You can always sell your home fast enough if you are willing to let it go really cheaply. But why would you when you have much better alternatives? Sell Your Home Fast And Cheap To Flippers/ Real Estate Vultures You’ve seen the signs... Read more »

NAR Reverts To Old Nonsensical Position On FSBO Debate

NAR Reverts To Old Nonsensical Position On FSBO Debate
I really thought we had put this issue to bed a year ago – the real cost or savings of for sale by owner – when some smart guys finally looked at the problem the correct way. For years the National Association of Realtors made outrageous claims about how a real estate agent could get... Read more »
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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 »