During periods of a scorching hot real estate market in the Bay Area, finding an elusive, attractive, off-market or pocket listing was like hitting the lottery. Off-market listings are not on the MLS (Multiple Listing Service) and are typically priced at “nice-to-have” prices and so you knew the price you needed to buy the property and …
On the Peninsula, for the last few decades, we’ve been accustomed to seeing properties sell over list price. Sometimes, it’s just a few thousand, and sometimes, it could be a million dollars over list price. The reality is that list price has become just a marketing tool and it’s less relevant than it was previously. Some agents list …
If you are a property seller, expect that the total real estate commission will cost you somewhere around 3.5 – 6% depending on who you use, the value of the property and the going rate in your area. Thus, on a $5 million house, the total real estate commission will range from $175,000 to $300,000. Typically, 2.25-3% …
How Much Does a Bay Area Real Estate Agent Cost? Read More »
The novel coronavirus (COVID-19) pandemic has paralyzed the Bay Area, the United States and the World. Most aspects of life as we know it will be different going forward. I will save you my personal opinions on the virus and the long-term outlook except as it relates to the Bay Area (more specifically the Peninsula — Los …
