You often hear the phrase “seller’s market”. Most people would say that this means the sellers are exerting their desire for higher prices over the buyers, who wish to pay less….
Real Estate Commission
Real estate agents have been creating new real estate commission plans. JLee Realty has recently implemented a 0% real estate listing commission plan. Their expressed goal is to attract as many buyer agents to their listings as possible.
If their own buyer agent submits a successful offer, they reduce their listing commission to zero percent. JLee Realty will not receive any more commission if their seller accepts an offer from JLee Realty than if a purchase offer is accepted from any other brokerage.
Furthermore JLee Realty is not offering any enticements for a buyer to drop their own buyer agent and use a buyer agent from JLee Realty when they make an offer.
“The Old Paradigm Of Low Interest Rates … Is Not Going To Return”
Ken Rosen, the chairman of the Fisher Center For Real Estate, at Berkeley’s Hass School of Business, talked recently about future real estate…
Opendoor iBuyer – FTC: cheating is not innovation
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SB 9 – California Senate Bill 9
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New Townhouse Construction Greater Than Single Family Or Condo
Looking at the new homes built in Silicon Valley by the five largest builders in 2020 shows: 316 townhouses built, 230 condos built, and 148 single…
More Townhouses Built Than Condos Or Single-Family
Looking at the new homes built in Silicon Valley by the five largest builders in 2020 shows: 316 townhouses built, 230 condos built, and 148…
Zestimate – Zillow Lost $304,000,000
In 2018 Zillow announced “Zillow Offers” which gave home sellers an opportunity to sell their home directly to Zillow without listing…