![\"Ya](\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg\")
\u201cGetting nipped by a puppy is no big deal \u2013 unless that puppy gets a taste for your\u00a0blood.\u201d<\/p><\/div>The world I live in is routinely selling at around 5% over market: If a house lists at or above its current Fair Market Value, when it closes it will turn out to have sold for ~105% of FMV.<\/p>\n
That’s bidding wars, and it’s less the agents’ skills than the buyers’ frenzy.<\/p>\n
But what that frenzy means is that it is beyond foolish to sell to iBuyers or any other sort of “instant” cash buyers right now. It can make sense to go to a pawnshop when no one else is buying. But when everyone<\/em> is buying, not taking a very brief test of the marketplace is a betrayal of your own estate.<\/p>\n And here’s what’s funny: The iBuyers know that. They know that it is a mistake for you to sell to them right now. They know you are leaving at least<\/em> 5% of your hard-won money on the table by trafficking with pawnbrokers.<\/p>\n Why is it funny? All real estate licensees are fiduciary. Deliberately leading a client into error is a fiduciary violation. Replicated hundreds or thousands of times a year. Per iBuyer.<\/p>\n Their buy-boxes redline. Their marketing targets only nerds \u2013 hugely exclusive by disproportionate impact. And every house they buy is another opportunity to ignite a national class action suit.<\/p>\n Oh, and the Vampire Party is hungry. Very hungry…<\/p>\n Yesterday on BloodhoundBlog:<\/p>\n Brian Brady:<\/strong> What Professor Alexander Kurov Gets Wrong About Gamestop and Bubbles.<\/a><\/p>\n In other news:<\/p>\n Housing Wire:<\/strong> Mortgage rates continue to stay low at 2.73%.<\/a><\/p>\n Redfin:<\/strong> Asking Prices Hit a New High, Up 10% From Last Year.<\/a><\/p>\n Housing Wire:<\/strong> Urban home values growing faster than \u2018burbs in Midwest.<\/a> This is more of Redfin hiding the riots, FWIW: Most “cities” are mainly suburban. What’s going on where the riots actually hit?<\/p>\n City Journal:<\/strong> Climate Change Follies: President Biden\u2019s war on fracking will raise electricity prices while accomplishing nothing on climate.<\/a><\/p>\n John Hinderaker:<\/strong> Democratic Governors Have Devastated Their States.<\/a><\/p>\n Glenn Reynolds:<\/strong> Why are Democrats so scared of Donald Trump when they just defeated him?<\/a><\/p>\n City Journal:<\/strong> Unity or Union Loyalty? President Biden\u2019s early <\/a>Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" \u201cGetting nipped by a puppy is no big deal \u2013 unless that puppy gets a taste for your\u00a0blood.\u201dThe world I live in is routinely selling at around 5% over market: If a house lists at or above its current Fair Market Value, when it closes it will turn out to have sold for ~105% of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-17816","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":16987,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16987\/overnight-news-take-that-doubters-all-ibuyers-ever-needed-to-succeed-was-a-pandemic-rioting-and-a-buyer-feeding-frenzy-totally-sustainable\/","url_meta":{"origin":17816,"position":0},"title":"Overnight News: Take that, doubters! All #iBuyers ever needed to succeed was a pandemic, rioting and a buyer feeding-frenzy! Totally sustainable!","author":"Greg Swann","date":"September 12, 2020","format":false,"excerpt":"Redfin: Everything about the iBuyers is funny, especially their Special Olympics approach to self-congratulation. Whose listings sell last and worst? But who is delighted to have had a national feeding frenzy to clear their overpriced inventories? iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18542,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18542\/overnight-news-apprehending-the-motivation-of-rascally-rabbits-when-youve-just-figured-out-what-theyre-for\/","url_meta":{"origin":17816,"position":1},"title":"Overnight News: Apprehending the motivation of rascally rabbits \u2013 when you\u2019ve just figured out what they\u2019re\u00a0for.","author":"Greg Swann","date":"October 10, 2021","format":false,"excerpt":"So here's the funny part about Cleo's instincts and the palpably tabula rasa state of her conscious awareness: Until this week, Miss Chioux did not know what rabbits are for. That's a funny way of saying things, since it puts telos in the eye of the observer. Even so, Sun\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18339,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18339\/overnight-news-hey-redfin-how-can-you-tell-the-fever-has-broken-on-the-real-estate-market-frenzy-gun-sales-were-down-in-june\/","url_meta":{"origin":17816,"position":2},"title":"Overnight News: Hey, Redfin: How can you tell the fever has broken on the real estate market frenzy? Gun sales were down in\u00a0June.","author":"Greg Swann","date":"July 23, 2021","format":false,"excerpt":"I mock Redfin a lot, but it's only because they deserve it. Probably, Zillow has been lying about the rioting for thirteen solid months, too, but Redfin just has the more-mockworthy Marxist take on things. So, as everybody knows, the red-hot real estate market that succeeded the demise of George\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18093,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18093\/overnight-news-love-for-lease-how-badly-must-you-misunderstand-money-to-finance-a-dog\/","url_meta":{"origin":17816,"position":3},"title":"Overnight News: Love for lease? How badly must you misunderstand money to finance a\u00a0dog?","author":"Greg Swann","date":"May 1, 2021","format":false,"excerpt":"There really is a Crazy Linda, and she really does call herself that, and she really does go to the puppy store at the Arrowhead Mall every day. I can't imagine what the past year has done to her \u2013 not locked in, but locked out of much of her\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17336,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17336\/the-ibuyers-are-super-good-at-mulcting-buyers-agents-with-science-thats-why-they-cant-price\/","url_meta":{"origin":17816,"position":4},"title":"The #iBuyers are super good at mulcting buyer\u2019s agents with science. That\u2019s why they\u00a0can\u2019t\u00a0price.","author":"Greg Swann","date":"October 20, 2020","format":false,"excerpt":"Mike DelPrete is worth reading, so long as you understand that, like The Inglorious Knob, he is one with The Borg. Just lately I mentioned that the iBuyers in Phoenix are nicking buyer's agents for commission \u2013 which is just the kind of dick move you expect from financially-inept sociopaths.\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/aidan-bartos-v9rZ3Yz6fSg-unsplash-1-480x320.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17277,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17277\/listing-clinic-how-i-list-and-sell-for-top-dollar-in-under-seven-days-on-market\/","url_meta":{"origin":17816,"position":5},"title":"Listing Clinic: How I list and sell for top dollar in under seven days-on-market.","author":"Greg Swann","date":"October 8, 2020","format":false,"excerpt":"My listing stats are off-the-scale excellent, stipulating that I'm working for now from a very small sampling. Everybody's stats are like mine, just now, in this buying frenzy, but my next closing should improve my numbers, anyway: Four days on market, $10,000 over list, all cash. I happily tell the\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-08-at-2.05.09-PM-480x270.png?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=17816"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17816\/revisions"}],"predecessor-version":[{"id":17818,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17816\/revisions\/17818"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}