1. What's wrong with the real estate industry

    Reader Question: What’s wrong with the real estate industry? We have a large family by today’s standards—five grown children with children. At a recent family reunion, we discussed real estate and ended up taking a poll. Transaction number ten started the conversation. Together they have concluded nine transactions, with number ten now pending. Only one […]

  2. ​Can real estate agents "game" the MLS system?​ ​

    Reader Question: ​Can real estate agents “game” the MLS system?​ ​When my current listing expires, how long do I need to wait to list again if I want my second listing to be marked “new” instead of “relist?” ​ ​ ​Monty’s Answer: There are over 700 multiple listing services (MLS) in the U.S., and they […]

    August 24, 2020
  3. Our agent wants us to reduce the price again. It's only been 2 weeks since the last reduction. Should we just take it off the market?

    Reader Question: ​Our home has been on the market for one month. We started at $698,500 and reduced it to $685,000 after two weeks. The house is 3564 square feet in a desirable older neighborhood. We’ve had two showings and much positive feedback. The only negative is that we have no backyard. Our agent now […]

    July 13, 2020
  4. As a for-sale-by-owner can I pay a commission to an agent for finding the buyer, and if so, should I?

    Our reader today exemplifies the plight of the for-sale-by-owner. While I applaud those who venture out to reduce expenses, rather than earn more, real estate remains a bit like the wild west even today. There are no enforceable standards of practice in an industry where your competitors are also your best customers. Interestingly enough, I can make the same statement to any consumer utilizing the services of a real estate agent.

    May 11, 2020
  5. Why hasn't someone invented a superior method to evaluate homes?

    Our reader this week views appraisals as obsolete. While there is some credence to his opinion, the better mousetrap remains elusive particularly, when the experts are expecting to conquer the challenge without even inspecting the property. I, for one, believe a set of knowledgeable eyeballs physically observing the property will be challenging to eliminate. Online estimates are a prime example.

    April 21, 2020