There’s always something to howl about.

Month: May 2012 (page 1 of 1)

I might be a Bloodhound if Eric likes my intro video….

My respect for Eric Blackwell is, well, simply beyond my ability to wordsmith.  This guy is not only smart, but he’s fun (in a funny way),  creative, and shaped in the mold of Jeff Brown’s cat skinners.

So when Eric penned a post recently on how one might be a Bloodhound if……and then showed us a superb video by a cool guy right up the road from me, I decided it would be appropriate to thrown down a glove in the challenge and see whether I win the prize (get the princess) or am sent to the guillotine.

You be the judge.  Joe Post and I have worked together for a long time, and our goal is to create a video site where we are THE go to guys for finding info other than square footage and HOA fees.  Enjoy…..cause I might be a Bloodhound  if this makes you feel like you’d like to get to know us better.

 

 

Let’s Talk Listings – Better Yet? Let’s Talk Gettin’ ’em Sold

Since the beginning of last year, how long has it taken to sell your listings? I’m not talkin’ about those priced at half the median value in your market. I’m talkin’ about a traditional seller who simply wants you to sell his real estate. Why do a few listings in every market sell faster than the rest? Let’s set aside the obvious go-to answer, price. Let’s also agree that unless you’re pricing your listings below the market, there are other significant factors involved in market time.

But what are they?

My firm is now on its third generation, and to gain respect at the dinner table, you must be a listing agent. Doesn’t mean you eschew buyers, not even close. It also doesn’t mean we don’t hold buyers’ agents in the highest esteem, cuz we do. In fact, we adore ’em. They’re the main reason we can leave town for extended periods, doin’ deals while applying the sunscreen. ‘Course, I gave up that luxury when I left my hometown market almost a decade ago.

It’s taken about six years, but San Diego’s real estate investors, especially the regular folk, are finally realizing there’s real estate life outside of Paradise. 🙂 If I’m correct in this supposition though, how will I sell their properties quickly and for market value?

BawldJapan strikes again!

I have no false pride when it comes to doing what puts cat skins on the wall. Since I come up with precious few original ideas myself, to survive, I’ve learned to steal like a cat burglar. 🙂 Sometimes I leave well enough alone, sometimes I tweak a little here and there. I’ve learned through experience that my clients are influenced more by one factor than all the others combined: Obtaining the results for which they hired me.

Funny how that works. It’s why most marketing folks keep their distance from guys like me. I’m constantly measuring their efforts with the ‘R’ word — RESULTS.

Serious minded sellers are obsessed with results when they choose an agent to list their property for sale. They universally like the marketing plan we employ. 98% of Read more

The Economist asks “Why is it so expensive to buy or sell a house in America?”

This is in an article titled “The great realtor rip-off”.

The comparison to estate agents in the UK is especially interesting. They make half the commission and close 3 to 4x transactions.

The article mentions NAR by name and only refers to MLS in passing as ex-cartels:

The business used to operate like a series of local cartels. In a typical area, a handful of brokers controlled a shared database of available homes, and limited their cheaper rivals’ access to those listings. In 2008 in the United States and 2010 in Canada, regulators struck deals with realtors to open up these databases. Yet since then the average commission has actually risen, from 5.0% in 2005 to 5.4% in 2011, according to REAL Trends, a research firm.

“Used to”, huh?

Its a great read as it sums up the state of the industry succinctly and in no uncertain terms, but it could have done a better job of laying the blame at the feet of the MLS concept itself. If there were no MLS/NAR creating $8bn of “economic waste”, it seems to me Bloodhounds would be the brokers and agents left standing, as is apparently the case in UK.

Really, What If He’s Not Wrong?

A follow-up to an article on syndication I wrote just a short time ago.  Keep in mind that I’ve never even met Jim Abbott, and am not promoting his company.  But I’m listening harder now to him, and as he speaks his words continue to etch a path that I really believe warrants all of our attention.

At the end he does make a request.  In San Diego you can actually withhold syndication on a property by property basis.  On the MLS form simply check “No Syndication.”  Try it.  I discussed it yesterday with a client, and I’m listing her home without giving away all the info to you know who.  Oh, and I truly believe if buyers come to my site to learn about this property, even if they don’t want this particular home, it will greatly increase the likelihood of my working with them in the future.

Want to skin some cats, anyone?