Get out and vote!

by Kris Berg on July 29, 2010

Get out and vote!

vote.jpg

For months I have been intending to tackle a little rainy day project, and this week I was again reminded that the project just might have merit. I was talking to a past client about the perennial chicken-and-egg dilemma, the one involving selling a home in order to purchase another without leaving the family living, at least temporarily, in a KOA campground or my guest room in the process.

If you are California real estate agent, you know the answer lies in a little form we call the COP (Contingency for Purchase or Sale). It’s arguably one of our more misunderstood contracts yet one of our most potent.

“I wrote a post about the COP a while ago,” I remembered. “I’ll send you the link.”

Now, before I get to my point (which is not to talk about purchase and sale contingencies), I know you are now distracted and can think of nothing but the COP, so here you go. And, therein lies my project. I realized I need an FAQ feature on the blog.

After more than four years, we have naturally amassed a wealth of information on our blog. And, after four years, the stuff tends to get buried like a time capsule, only to be unearthed by the lucky web surfers who successfully type in the winning combinations of keywords.

One of our more popular search terms continues to be “organisms,” which, much to the dismay of teenage boys across America who did not win any spelling bees, usually brings them to an piece I wrote on the Wood Destroying Pests and Organisms Report (you know it as the Termite Report). They don’t typically hang around long.

But, I digress. Again, that’s not my point. You may want to know – need to know – about termite inspections. You may also need to know about all of the other things we have written about – property inspections, Redfin, open houses, Redfin, Zillow, Zillow, my daughter’s appearance on The Price is Right, and Redfin, to name a few. An FAQ page would help. And I’m going to set one up –just not today.

Today, I am proud to say, is an opportunity for our three readers to give back. From Zillow.com:

Do you have a favorite real estate blogger that fills you in on everything you need to know about real estate in your area? Then, this is your chance to show them your appreciation with your vote!

Come on! You know you want to! Even the 14-year-old who is still trying to fumigate his date has benefited from the impressive resource that is our blog!

Here’s how it works:

We have identified the top real estate bloggers in each of the cities mentioned below. You, the fans, can vote on your favorite blogger by clicking on your city’s link below. Look for the graphic, “Vote for the best real estate blog” on the right-hand side of the page (you might have to scroll down a bit) and then, click on it. You will see a list of bloggers we’ve nominated. Please vote for your favorite blogger. And, you can vote once a day through noon (PST) on Aug. 11 before voting stops.

In English, CLICK HERE and look for the big “Vote for the best Real Estate Blog!” box on the right. From there, you can click on the radio button next to your favorite San Diego site. In case you are a little fuzzy, we are SANDIEGOHOMEBLOG.COM.

Why is this so important to us? Because the winner in each city will receive the following prizes:

  • A badge to post on his or her blog to indicate they won the blog showdown
  • A link from Zillow.com

That’s right! A badge! For our blog! I am not certain, but I suspect Zillow would allow me as the WINNER to use the badge likeness to fashion t-shirts, caps and jar openers that might extend my fifteen minutes and catapult our notoriety into uncharted territory.  From there, I might even get my own book deal and sitcom.

But I’m good with just the badge.

Sadly, they weren’t kidding when they said you can only vote once a day (I know because I tested the theory), but your vote would mean a lot to us – and help us to look a little less lame when the results are tallied. Our goal is for the Zillow accountants to have to use both hands to count our raving fans.

So, thank you in advance. Do this for us, and I will get cracking on the FAQ page. I want to make it easy for you to revisit the epic I wrote on rabbits eating my lawn and that other one on my trip to New Orleans.

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Trader Joe’s – Now offering real estate market trends.

Trader Joe's Chardonnay
Creative Commons License photo credit: Dave Photography

If you have your home listed for sale, know that contracts are likely going to be harder to come by in August. Know this because the guy at Trader Joe’s said so.

“How’s business?” I asked with feigned cheerfulness, trying desperately to redirect my attention away from the total on the register.

You see, we here at Casa de Berg have been childless for two long weeks as our tadpoles were off exploring countries we will never visit given our family’s current collective burn rate. During this time, Steve and I have chosen to live off the land, winging it where meals are concerned. Consequently, this was a big restocking trip, and had Trader Joe’s been a publicly held company, there would be a strong “buy” rating out this morning.

“Given the sudden spike in sales of pre-cooked, frozen consumables – particularly in the orange chicken category – our analysts are predicting earnings to kick the estimates’ butts!”

So, how’s business at Trader Joe’s? Apparently my recent outing was not representative of the local consumer-at-large. “Suddenly, it has been very slow. We think it may be because everyone is on vacation.”

Bingo! It’s almost August, and you can set your oven timer by it – this seasonal outmigration of interest in anything but barbeques and summer fun. We see it every year. August marks the last chance at vacation, a last hurrah before school starts and before the yuletide music is cued. August is always slow for us in real estate.

We will read in September, of course, that sales were up in August. What many forget, however, is that August sales reflect June and July showings and contracts. If you want to know what to expect in terms of August buyer demand, ask John the cashier.

The August factor locally may be more pronounced yet, as we have had one of the coldest, most sunless springs on record. (I can’t back this up will statistics, but you can just ask the John. He will confirm that we have had to wear our warm flip-flops more often this year than in past years.) Trips to the beach and the backyard pool parties, consequently, have been on the backburner until now.

Now, I know this is short on fancy charts and graphs and long on instinct, but that is often the best way of predicting the future. If we wait for the Case-Shiller numbers to come out, we will already be living in a new month and a new market. The analysts talk about things after they have happened; real estate agents – and the guy at Trader Joe’s – see it and sense it before it happens.

Case in point is our lock box openings. First there are showings, then there are contracts, and contracts are followed by closings. That is the natural order. If you want to predict the future, start at the beginning and not at the end. While I am not privy to lock box opening statistics MLS-wide, I can give you the trends from our own.

While the numbers of showings for our company’s pricier listings were expectedly fewer than for the more affordable offerings, the trend was consistent across price ranges. During the first two weeks of April, activity was brisk, but during the last two weeks of April, buyers turned on the brakes. During the first three weeks of May, our sellers heard crickets. For this, we can blame the expiration of the homebuyer tax credit programs.

Beginning the last week of May and continuing through the second week of June, showings were significantly up again. But just as suddenly, during the last two weeks of June, things slowed measurably. This we can attribute to the end of the school year; so many graduations and other family obligations can be a real drain on the old free time and house-hunting enthusiasm.

The first two weeks of this month saw a return to the shopping season. But, here is the kicker. Last week, the well of motivated buyers seemed to again run dry.

So, the guy at Trader Joe’s may be right. I may pop back in today to see where he thinks interest rates are heading, or to ask him his opinion on that rumored double-dip. It just occurred to me that I forgot to buy eggs.

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We are a “Next Generation” Brokerage. So there.

by Kris Berg July 17, 2010

We are a “Next Generation” Brokerage. So there.I’m back from a fun-fun-fun time in San Francisco. Chez Berg is still intact. A brief head count tells me that both the cat’s and the dog’s basic needs were met in my absence.  And Steve survived (barely), although he is now secretly wishing I had missed my [...]

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Unplugged

by Kris Berg July 11, 2010

Unplugged
photo credit: edkohler
While my youngest daughter spends the day watching the Netherlands in the World Cup finals from, well, the Netherlands, I will be sequestered in coach class. Assuming I commense “Operation Pack Everything I Own that Made it Back from the Dry Cleaners” in the next hour or so, I will be heading [...]

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Double Dip Fantasy

by Steve Berg July 5, 2010

Double Dip Fantasy
photo credit: eliztesch
Great! Just great. One day after Kris posts her dissertation staking out her position as to why we are likely heading for a double dip in the housing market, China decides to issue the message of slower than anticipated growth. Then my old buddy Paul Krugman (formerly known as a brilliant economist) writes a nationally [...]

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Party like it’s 2003

by Kris Berg June 30, 2010

Party like it’s 2003… because that is where our San Diego housing prices are.
It had to happen. I am about to quote Redfin. What’s next? Cats marrying dogs? A week at Chez Berg without a pizza delivery?
While I have been known to engage in some friendly sparing over the years where their business model is [...]

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Scripps Ranch Real Estate Double Dip? And a sprinkle of keywords.

by Kris Berg June 28, 2010

Scripps Ranch Real Estate Double Dip? And a sprinkle of keywords.
photo credit: Wonderlane
Keywords, baby!
I clearly don’t know what the heck I am doing. I’ve been pounding away at this personal real estate diary for over four years now, but I have been sloppy. My purpose has been equal parts group therapy and public service, [...]

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