Market Minute
Last month I noted home buyers were out in force. It appears there were plenty of homes to see. The number of new homes for sale in the East Bay jumped significantly.
Real Estate Confidential
Real estate websites like Redfin provide extensive data for buyers, which aids their research but may not benefit sellers as much.
Buyers can view days on market (DOM) for a home. Longer DOM often results in lower sale prices, typically due to incorrect pricing.
Compass Private Exclusives and Compass's 3-Phased Marketing Plan allow sellers to market their home to other Compass agents before listing publicly, helping to test price and gather insights without starting the DOM clock.
I have found the 3-Phased Marketing Plan to be a valuable tool. In a market where the list price is artificially low, sellers can gain confidence in their list price.
Kim's Corner
After nearly 30 years of homeownership, I sometimes forget the experience of being a new homeowner. Tasks like changing the furnace filter or replacing batteries in smoke alarms have become second nature. Homeownership is all about managing these small tasks.
If you lack experience or don't have parents who are enthusiastic about home projects, consider following Kyshawn and his Weekly Home Check. As a new homeowner himself, he's learning on the go and sharing his insights on what needs to be done.