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Two misses in four years. Thank you for reading even in spite of my two misses.
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Quick thoughts for now:
- New construction continues to hammer resales.
- Check out the podcast for more.
- Buy smart. If you think the house you’re buying is your 4-7 year house, pretend it’s your 8-15 year house. Would you still like it?
- More people are choosing to not buy — for mobility needs, student loans, life stage shifting … and some just don’t want to buy a home.
- The market’s not always going to be this way.
Mercedes vs Subaru
For me, a Mercedes would reflect a showiness that my clients likely wouldn’t appreciate. Heck, I drove clients around in my old Honda Civic for years, and my clients appreciated my frugality!
*Funny thing about lines drawn in sand is that they are easily moved or erased.
Softball & Soccer
My dad coached me in softball. I remember that. (I don’t remember how much he worked.)
If you have the opportunity to coach, do it.
Three little words.
I have had clients tell me about their previous great experiences, but more often, I hear the negative ones, such as, “I didn’t trust my realtor; they were just trying to get the sale.” Most people participate in a residential real estate transaction every 5-10 years. A bad experience carries a helluva lot more weight than a good one.
Lockboxes and Access
A word of awareness for consumers. Realtors do subscribe to a Code of Ethics. (bolding mine)
REALTORS® shall not undertake to provide specialized professional services concerning a type of property or service that is outside their field of competence unless they engage the assistance of one who is competent on such types of property or service, or unless the facts are fully disclosed to the client. Any persons engaged to provide such assistance shall be so identified to the client and their contribution to the assignment should be set forth.
I’d argue that while I’m licensed to practice real estate throughout the Commonwealth, I’d not be competent representing a buyer in Danville, or Fairfax. If I can’t put together an A-Team for my client, why would they hire me?
What I’m Reading
- Learn from history, and note the baby steps to fascism.
- Four ways that reliable bike parking encourages new riders
- California to become first U.S. state mandating solar on new homes
- How Strong Is Your City? 10 Questions for Urban Spaces
- The Best Day & Time to List your House – Thursday?
- Mortgage Rates Jump to 7-Year Highs
- Facebook now denying access unless EU users opt-in to tracking
- How to stop Facebook from sharing your info with third-party apps
- Compete by using data ruthlessly, but note this often forgotten ingredient (hint: stories & context)
- Cycling changed my life, and I never want to own a car again
- I’m quick at math.
- Zillow: Experts predict next recession will hit in 2020
- Presentation: Economic & Real Estate Outlook
Yeah, I’m reading and skimming a lot lately.
Next month – Ignorance & ownership, a detailed market update, and maybe some projections for the remainder of 2018’s market.
Nest is now offering franchises. This note is explicitly not for real estate folks, but I know a few of you read this note anyway. If you’re reading, and you’re interested in talking about a Nest franchise, please reach out.
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Jim Duncan, Nest Realty, 126 Garrett Street Suite D, Charlottesville, VA 22902. Licensed real estate agent in Commonwealth of VA.