Posts tagged "Myths & Lies"

Real Estate Myths & Lies: The Real Reason Brokerages Advertise

Real Estate Myths & Lies: The Real Reason Brokerages Advertise
You’ve seen the impressive real estate ads in the Chicago Tribune and in the Chicago Social/ Modern Luxury magazines showing numerouos homes for sale. The large brokerages will often take out full page ads. Sometimes the bottom of the ads will feature the photos of several real estate agents that hang their licenses (I love... Read more »

Apparent False Advertising In Real Estate: Redfin Sells Homes For $4300 More Than Other Brokerages

Apparent False Advertising In Real Estate: Redfin Sells Homes For $4300 More Than Other Brokerages
I’ve previously posted on the preposterous claims of some real estate agents that they sell homes for more money than other real estate agents. Usually the claim is made without substantiation but a while back I did find at least one example of a Chicago area agent that actually laid out the deceptive math used... Read more »

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 »
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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 »

Real Estate's Top Producer Myth Revisited

Real Estate's Top Producer Myth Revisited
It’s been a while since I’ve written about the real estate industry’s top producer myth. If you’re a recent reader of this blog you can follow that link to the debunking of the myth. In short there is no magic dust in real estate and the only thing that top producers can sell better than... Read more »

Beware Of Real Estate Agents' False Advertising

Beware Of Real Estate Agents' False Advertising
It’s been almost 2 years since I wrote about how Realtors lie to get your business – in particular when they are trying to get you to sell your home through them. Back then I really didn’t share specific examples of the deceptive practices but recently I came across a couple of great case studies... Read more »
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The Real Reasons Some Realtors Promote Pocket Listings

The Real Reasons Some Realtors Promote Pocket Listings
Last week I posted on how the seriously flawed pocket listing concept continues to be pushed by certain realtors and Web sites. It should be clear from that post and an earlier one what the issues are with this real estate strategy. So the obvious question then is why do these realtors continue to push... Read more »

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 »

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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How Politics And The Government Caused The Financial Crisis

How Politics And The Government Caused The Financial Crisis
As you know it’s very fashionable to lay the blame for the financial crisis on greedy Wall Streeters (especially if you are a politician or work in Hollywood or spend your days occupying something) but as I’ve pointed out in the past the government is largely to blame for the mortgage crisis. It just never... Read more »