Jul

22
2009

Dual agents can balance interests

Re: 'Romancing the "hogger" ' (July 20)

Dear Editor:

Advocates of discarding dual agency are laboring under the premise that real estate sales are always a practice of pure one-sided advocacy.

In fact, most real estate sales result in negotiations that have very different established rules of practice. In a successful negotiation, a negotiator is at least mindful of the other side's goals and at best they try to meet the needs of the other side in order to achieve a better outcome for their client.  more...

Jul

21
2009

Open-house murder story gets stranger

LOS ANGELES -- The man that was found stabbed to death in a Westchester open house over the weekend has been as identified as Ricardo M. Contreras, a real estate agent. And here's where it gets REALLY interesting: According to the Daily Breeze, Contreras's sister, Rosalba Contreras, is currently serving two life sentences for murdering Valentine and Elvira Partida, an elderly couple, and bilking them out of millions.

The details of the murder are grim, and while Ricardo was never charged, he was named in a wrongful death suit that alleged he helped rob the couple by notarizing fraudulent documents. Via the Breeze: "In 2002, a judge dismissed the lawsuit while ordering Rosalba Contreras, (Peter Campos, a financial adviser) and two RE/MAX real estate offices to pay the Partidas' niece nearly $1.3 million."  more...

Dual agency: Let consumers decide

Re: 'Broker: Ban dual agency' (July 20)

Dear Editor:

Certainly this is the most ridiculous proposal I have heard. Why would anyone want to take away the buyer's and seller's freedom to enjoy a dual-agency relationship if it is their desire to do so?

To outlaw this is taking on the assumption that all Realtors are subject to malpractice of their clients. Those Realtors who fail in their obligations to adequately represent both buyer and seller in a transaction should be sued. And those that do an outstanding job should be rewarded for their efforts.  more...

Jul

20
2009

Broker: Ban dual agency

Re: 'Romancing the "hogger" ' (July 20)

Dear Editor:

Here in Vancouver we call them "double enders."

In my opinion, the one single thing that the "profession" -- at least here in British Columbia -- could do to increase public trust, reduce the number of disputes, lawsuits, litigation and low-life practices is to enact legislation that dual agency in any form can no longer be engaged in by real estate agents.  more...

Jul

17
2009

A marketing lesson from Dave Chappelle

Thousands of fans packed Pioneer Square in downtown Portland at 1 a.m. on July 14 to attend a performance by comedian Dave Chappelle. Later dubbed “Davestock” by some in the crowd, the event was truly remarkable.

The evening unfolded something like this:

Allegedly, Chappelle, while wandering around Portland, told a handful of people he would be doing a free set at 1 a.m. on the steps of the downtown gathering spot.  more...

Start me up

The Wall Street Journal rounds up reaction to today's news that housing starts rose 3.6 percent in June, a figure helped by a jump in the construction of single-family homes. Excerpt: The market is stabilizing, but will more construction mean that even more unsold homes will sit on the market?

And via the New York Times: If low mortgage rates and tax credits are bringing in more new homeowners, "the housing market faces considerable obstacles in its efforts to revive. Among them are foreclosures, which have been rising."  more...

Jul

15
2009

The 'craziest time' for home valuation

Re: 'Can online home pricing tools get it right?' (July 14)

Dear Editor:

There is no substitute for a well-seasoned, knowledgeable and experienced agent.

I have been in the business for 23 years and it's hard for me to get it right -- and I do it both ways. The manual way usually is the better way to go with for accuracy.  more...

Brokers need social media guidelines

The use of social media is skyrocketing, as we all know. And myth No. 1 is that it's the young people who are signing up and twittering about what they ate for breakfast and who they're sitting next to at the beach. Wrong! Facebook is being inundated by the boomers (known as "Silver Surfers"), and Twitter is literally everywhere. "Here comes everybody!" as media guru Clay Shirky proclaims.

The "everybody" is led by businesses. On the Internet, you'll find countless articles on how to build sales, establish brands, write blogs, create contacts, and manage customer relations. In a recent Inman discussion on consumer-centric real estate brokerage, Cathy McDaniel said "relationships will build your business for a great future ahead."  more...

Jul

14
2009

Imagine a world without landlords

NEW YORK -- Yikes, a few months of rough times and suddenly we're mired in a dystopian future where fuel is scarce and law and order has begun to break down. Actually we lifted most of that from Wikipedia's plot summary for "Mad Max," but this Times story on the decrepit state of some landlord-abandoned apartment buildings throughout the city certainly bangs home that message. Holy '70s, Batman:

In the Bronx, anybody can walk into the four-story building at 422 East 178th St. Someone took the front door off the hinges and sold it for scrap metal. Drugs have been sold out of vacant apartments.

"A nightmare," said Cesar Guzman, 29, who lives in the building. "I can't describe it as anything else."

In Brooklyn, a woman at 76 Newport St. said the landlord disappeared this year and stopped collecting rent, so she stopped paying it. A 19-year-old man in Apartment 1F has become the unofficial superintendent, sealing holes in ceilings with cardboard and duct tape.  more...

Jul

13
2009

Comp sales out of whack

Re: 'Out-of-town appraiser draws ire' (July 7)

Dear Editor:

Realtors of the San Francisco Bay Area, such as myself, are experiencing similar problems with out-of-area appraisers. I recently sold a very nice remodeled home in Union City that bordered on the adjacent city of Hayward. It sold with multiple offers at $285,000.

The first appraiser used a "radius" approach and pulled closed sales from Hayward, which has much-lower-priced homes, and he refused to remove them from his comparables. Buyers ended up changing lenders and the second appraiser came in at $280,000. We closed!  more...