Getting a jump on available properties puts any buyer at an advantage, particularly in a housing market that’s been on a tear. For sellers, understanding the recommended course of listing is equally important. But there’s a methodology to things like clear cooperation, coming soons, and private exclusives. Here’s what buyers and sellers need to know about all three. Recommended Course of Listing For sellers, often the first step for listing a home begins with the private exclusive. This means listing …
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One of the main topics of conversation these days is whether everyone is really leaving San Francisco, the state of California, or big cities in general. Accurate migration data usually comes from U.S. census estimates, and they just published the 2018 numbers. That means we’re a couple of years away from being able to answer that question with authority. However, a recent Bloomberg article just did a deep dive into whether people are really fleeing cities and came up with …
During yesterday’s sales meetings, something unusual happened. After months of building inventory, we had our first week of more buyers than new listings. Here’s a little background and a look at what the most recent data is saying. Understanding Months of Inventory Months supply of inventory (MSI) is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are …
Here are tales from my two of my most recent sales in San Francisco, both of which happened from start to finish during the shelter-in-place orders. You learn a little something with every deal, and knowing just how far you can push a seller or buyer without losing the deal altogether is definitely an art form. Representing the Buyer 715 Hampshire Street was originally listed at $2,150,000 in May of 2020. The seller (a known developer in the city) picked …
There’s a standing joke about real estate agents as therapists, and there’s some truth to the idea. But listening and analyzing and advising aside, the job of a good real estate agent is to guide. And a big part of the guidance process is educating buyers by debunking all the inaccurate assumptions they have about the housing market. Here are seven all-too-common buyer beliefs most agents see all the time. My cousin/sister-in-law/great aunt is an agent and will totally help …
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