Posts tagged "industry issues"

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 »

How Real Estate Agents (Try To) Convince You That They Are Neighborhood Experts

How Real Estate Agents (Try To) Convince You That They Are Neighborhood Experts
Last week I posted on the #2 Myth About Selling Your Home – the silly idea that you need a real estate agent that is the neighborhood (or building in the case of a high rise) expert to get the highest price for your home. But I saved until today the whole topic of how... 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 »

Why Median Chicago Home Prices Tell You Very Little About Home Prices

Why Median Chicago Home Prices Tell You Very Little About Home Prices
The media and real estate agents throw around Chicago median home prices like everyone is supposed to know what they mean but then they show their own ignorance when they imply that these median home prices somehow tell us all what is happening to the overall level of Chicago home prices. It would be really... Read more »

Beware Of These 4 BS Statistics When Choosing A Realtor To Sell Your Home

Beware Of These 4 BS Statistics When Choosing A Realtor To Sell Your Home
I’m supposed to write a follow up to my post on appealing your Cook County property taxes but then an email hit my inbox from Trulia entitled 4 Statistics that Win Listings and it got me all riled up. It’s supposed to be advice from Trulia (whose real customers are real estate agents but that’s... Read more »
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Realtors Try To Preserve Fannie And Freddie Mortgage Loan Limits

Realtors Try To Preserve Fannie And Freddie Mortgage Loan Limits
About a month ago I wrote a post about how the National Association of Realtors (NAR) throws around their considerable lobbying weight to preserve the various housing market subsidies bestowed by the government. I specifically wrote about the FHA loan limits and the Homeowner Flood Insurance Act. However, there is another issue lurking around out... 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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