It’s been nice to get away for a week and have a chance to relax, reflect a little and recharge the batteries. I’m never sure if the technology is a blessing or a curse. Real estate doesn’t stop when we leave but we are fortunate enough to have Lisa and Susan on our team who can take care of business when we’re not there. That said, technology makes it almost impossible to unplug; Jenny sent listing paperwork yesterday from our friends boat off the shore of Isla Ixtapa yesterday and I’m writing this on the flight between LAX (raining) and Portland. As I said before, I’d rather work a little each day than leave things hanging for a week but it does make it hard to really get away.
It was great that Lowball was able to suggest a thread on offers and that it led to some good comments. Tiffany’s comment about 2% commissions on the listing side is an interesting idea in that I think you have to be careful defining what you get for 2% or any commission. We’re listing two properties in the next week or so that were previously listed with other agents and did not sell. We also just lost another new listing that we competed for that I am sure will be listed for considerably more than we suggested. Maybe we’ll get the call when they don’t sell.
Last Thursday our remodel project closed and the buyers moved in on Friday. Overall, we’re very happy with the experience and the result. It also served as a bit of an internal conflict as Realtors; it sold with nothing more than a sign in the yard. We never had an opportunity to market it in RMLS or anything that we would have done with any of our clients but at the same time, we avoided the costs of holding it after completion. Could we have gotten more being fully marketed in RMLS? Maybe but I don’t feel we gave it away or left money on the table. We still went through and offer and counter offer situation. The buyers were represented by another agent and they found it while looking at a listed property two doors down the street. My feeling is that at what is basically zero days on market is that a properly priced house will sell in any market. The house served my predilection for putting old houses back together. We pretty much built a 2008 house in 1926 bones. The top picuture is what it looked like when we started and the bottom is nearing completion. Not sure what our next project will be.