Selling

Do You Zillow?

Tuesday, December 15th, 2009 at 3:30am. 204 Views, 0 Comments.

One of the frequent questions I get asked is "what do I think about Zillow.com?"  Well before I answer that question, if you don't know Zillow.com, it is a website that provides Real Estate information such as sold price, an estimated value of a home called "Zestimate" and more. 

Alright now for my answer, I don't hate it or love it, I just think Zillow.com is an okay tool.  The reason why I think it is just an okay tool is there are some things like and dislike about it.  What I like is the sold information that is listed so people can look at the comparables.  What I dislike is the Zestimate.  Lately I have been seeing Zestimates really off.  I had a client that bought a home in Mira Mesa for $400,000 and the Zestimate was actually $510,000...…

Where are all the Listings???

Tuesday, June 23rd, 2009 at 3:33am. 213 Views, 0 Comments.

The number 1 question I have been asked for the past month or so is "where are all the listings?”  Well, let’s think about it.  First, a traditional homeowner who isn't in financial trouble.  Chances are they aren't selling because they may owe more than their home is worth so they rather wait it out.  Next, homeowners who are in financial trouble are probably planning to walk away from their home, trying to do a Short Sale or the popular choice, talking with their Bank/Lender in doing a Loan Modification.  Lastly, San Diego Bank Owned Foreclosures.  From last November to March, most Banks halted Foreclosing on homes to wait for the details of President Obama's plans to help distress homeowners so during that 4-5 month period, the inventory of…