by Roberta Murphy Whenever I go to shop for technology of any sort, I head over to CNet to check out editorial and user reviews. Whether I am shopping digital cameras, tablet pc’s or cell phones, I know I can trust what they have to say. It came as a recent wonderful surprise that they have also taken to rating blogs–or at least those that focus on technology. Luxury Home…
by Roberta Murphy A dear old friend and wordsmith from Tuscaloosa, Alabama, Hank Holman, sent this to me recently. It likely has little to do with luxury real estate, luxury homes, or real estate rants, but it makes for a luxurious diversion into one of the marvels of our universe. The symmetry and balance of life and those things that surround us never cease to amaze me. The Beauty of…
by Roberta Murphy This is an issue that should trouble many real estate professionals…. Some months ago, I met with clients and wrote an offer (at buyer’s request) that was substantially below the listed price (599,000 list price:475,000 offer). It was a rare Carlsbad, CA beach condo property with no recent comparable sales. In prior markets, I might have urged clients to target their offer into an acceptable range to avoid the risk of an…
by Roberta Murphy Its not just Encinitas, but Solana Beach and other areas in California blessed with magnificent ocean bluffs. To be able to dangle ones feet over the edge of the earth with nothing but endless ocean beyond is a singular experience. But to lose ones property to crumbling ocean bluffs is not the heartstopping experience we would wish on anyone. Yet bluff collapse has been a reality for…
by Roberta Murphy It is difficult to avoid the subject of short sales and foreclosures when discussing real estate these days. We receive ongoing emails and calls from people wanting to buy short sales and foreclosures because they want the best deal possible. They believe that the best buys can only come from bloodied sellers and lenders and that somehow real estate agents are the best bloodhounds of all (which…
by Roberta Murphy It seems nobody is immune from the power of the internet or the inevitability of progress. Zillow shook the real estate industry (and lots of homeowners) with last years unveiling of its near-instant online real estate valuations. The complaints came primarily from Realtors who feared the public would come to rely on Zillow Zestimates for home valuations and from homeowners whose property values were decimated by the…
by Roberta Murphy Todays tragic massacre at Virginia Tech leaves us all wondering how such a thing could happen and what we might have done to prevent such a horror. And oddly, I find myself longing for a front porch swing. There is the predictable push for gun control, the demands for metal detectors on campuses, and more efficient lockdowns. I suppose these are all good and reasonable solutions, but…
by Roberta Murphy Some of the more difficult listing appointments our group encounters these days are ones that involve short sale conditions. In this situation, the seller owes more on the property than what it is worth in the current market. A year or so ago, we were having to explain how short sales worked to anguished sellers. These days, sellers call us, say they are underwater with their mortgages,…
by Roberta Murphy San Diego Vacancy Rates the Highest Since ˜95 headlines the San Diego Union Tribune. Those are words that should should send shivers down the spine of San Diego real estate investors, homeowners, home sellers, and potential home buyers throughout the county. But smart home buyers and savvy real estate investors should know by now to read between the lines and below the headlines. If we take the…
by Roberta Murphy There has been much discussion lately regarding the nefarious practice of agents cancelling real estate listings and relisting them at the same price the same day to create more attractive market times. That practice is forbidden by most MLS systems, including the San Diego MLS (Sandicor), but I am beginning to wonder if there might be a way to put this crime to good use. What if…
