Real Estate

Sometimes you need a neighborhood expert

for sale sign outside houseWhen I began my real estate career, every budding agent was taught we should farm neighborhoods to become the local expert. Agents would (and many still do) farm neighborhoods by spending a small fortune on promotional marketing just to tell you how smart they are about your neighborhood. The notion only one agent is “the expert” on selling homes in your neighborhood has become antiquated. However, the long standing ritual, where agents tout themselves as the “neighborhood expert” or specialist, is still alive and well.


Market forces and real estate commissions

for sale sign outside houseConsumers have most likely complained about real estate agent commissions since the advent of real estate brokerage. However, before the turn of this century, most did not question the commission they paid their real estate agent because they chalked it up to the cost of selling a home. Times have changed, such that having a conversation about commissions and compensation is a common topic when agents and consumers first meet.


In the end the only commodity is you

for sale sign outside houseMuch of what you see, hear, and read on TV, radio, and the internet is syndicated and distributed through a broad network of affiliated outlets. The purpose is to have as large of an audience as possible. The larger the audience, the larger the advertising revenue. Syndicating and distributing media content has been around for a very long time, and has been very a lucrative industry for those involved.


Holy shades of 2005 economy Batman

for sale sign outside houseEveryone seems to be excited about this week’s Case-Shiller home price numbers reported for February. Even the title of the April 25th press release sounded a little giddy: “The S&P Corelogic Case-Shiller National Home Price NSA Index Sets Fourth Consecutive All-Time High” ( Yes, the Case-Shiller 10-city and 20-city composite indices are close to the 2007 level. But before you become intoxicated with the thought of becoming rich by selling your home, here’s more to the story.


Curb appeal adds to home sale price

for sale sign outside houseIf you want to increase the sale price of your home this spring, you will no doubt focus on the interior. But how does the home’s exterior look? You’d be surprised about the amount of necessary cleaning, decluttering and repairing around the exterior of your home. But don’t skimp on the exterior home preparations before your sale - research conclusively shows that improving your home’s curb appeal can increase the sale price by as much as 8 percent!


Violent crimes and property prices

for sale sign outside houseLast week’s horrific and violent crime has propelled our community into the national spotlight. And like other communities that have experienced violent crimes, residents will be asking questions long after the spotlight dims. Unfortunately, the aftermath of such crimes not only leaves a psychological scar on the community, but can also affect home values.


You’re not doing that makeover right!

for sale sign outside houseDeciding what renovations and updates to make prior to your home sale can be tormenting. It’s easy enough to say that your home needs a facelift; but, the repairs, updates, and painting costs money – and usually lots of it. The suggestion of making renovations and updates to your home before you sell is everywhere, it’s on TV, the internet, and magazines. And if you ask friends and real estate agents, they will also give you a list of “must do’s.”Regardless of how you decide to makeover your home before the sale, chances are that you’re not doing right.


The coming optimism in the housing market


There’s no doubt that 2016 was an outstanding year for real estate and the housing market. In fact, National Association of Realtors chief economist Lawrence Yun was reported to say in a January NAR press release ( that the 2016 housing market was the best since the Great Recession. There were 5.45 million total existing home sales in 2016, which exceeded 5.25 million during 2015.