Pinecrest Home Got You Going Batty?

By Maggie Dokic on October 13th, 2018
Categories: The Redland

 

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Chasing Down The Market Never Works

By Maggie Dokic on October 5th, 2018
Categories: South Florida Living

OK. You want to sell your home. You want to get the most money for it. You have some flexibility with your time and don’t mind waiting a few months for the right buyer to come along. As a matter of fact, you’re convinced that’s all it will take. Time.

Time can be your worst enemy when selling a house.

You call a real estate agent. She tells you your home is worth about $310,000 but you really, really want to get more money so you insist on listing it for $335,000. After all, your home is in impeccable condition and who wouldn’t see that? Nothing needs to be done to your house. Anyone buying it can just move in and start enjoying the gorgeous pool area.

The real estate agent does not think it is a good idea to list the home at $25,000 above what she thinks it’s worth. She knows that the most interest on a new listing is generated when it shows up on the MLS for the first time. The first 30 days are crucial. But you somehow manage to convince her to “just give it a try.” You really do believe your home is worth $335,000. Well, at the very least, you know you want to sell it for that much.

The home gets listed on the MLS at $335,000. It is now the most expensive house listed in your neighborhood. Similar homes are listed at $305,000. Similar homes without a pool are listed at $295,000. Yours is listed at the highest price and you’re proud of it.

Two days later a real estate agent with a buyer calls your REALTOR® and schedules a showing. That same day they tour the home. They agree with you on the condition of the house. It’s impeccable.

That evening an offer gets faxed over to your agent.

She calls to tell you they placed an offer of $305,000 and want to close in 30 days. The agent tells you this is a fabulous offer.

You’re insulted.

You’re so insulted you don’t even want to counter-offer. You forget that your agent told you she thought the house was worth $310,000. You’re convinced it’s worth more. You just need to wait a bit for the right buyer to come along. It’s only been on the market for 2 days, after all. Let’s wait and see who else is out there looking at homes.

During the next 30 days, the home gets shown 6 more times. No one else makes an offer on it. Another month passes and it gets shown 3 more times. Another offer comes in at $280,000. Well! That is not exactly what you had been waiting for so you ask the agent to tell them, thanks but no thanks.

But now you’re wondering if maybe your agent was right about the $335,000 being too high. Begrudgingly you agree to drop the price

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Miami Luxury Real Estate First Bitcoin to Bitcoin Sale

By Maggie Dokic on February 8th, 2018
Categories: Pinecrest

In the High Pines area of Miami, the first luxury real estate bitcoin to bitcoin sale has taken place. The seller, Michael Komaransky, asked his real estate agent to include bitcoin as an accepted method of payment for the multi-million dollar property. Both the seller and the buyer are early bitcoin investors. The property sold for 455 bitcoin which was supposedly worth $6M at the time of contract. Closing took place on February 2nd. I checked the price of bitcoin yesterday ($7,652.02) and today (up at $8,519.34) and it appears those same 455 bitcoin are worth less than $4M today. OUCH to the seller. It seems the buyer bought at a great time.

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How to Fix a Sweaty Toilet: Condensation on Toilet Tank

By Maggie Dokic on June 8th, 2017
Categories: Random Thoughts

If you’ve noticed what happens to an iced drink on a humid summer day, you’ll have an idea why your toilet is sweaty. When warm, damp air hits a cold surface, condensation forms. Read the rest of this entry »

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How to Get Kids to Save Energy

By Maggie Dokic on June 7th, 2017
Categories: Random Thoughts

Kids have more important things to think about than turning off the lights. But discovering the lights blazing in an empty room for the umpteenth time is enough to make any parent scream, especially when the power bill arrives.

The good news is, you can train your kids about the importance of saving energy right from the start. Here’s great advice from some of our favorite bloggers who know a thing or three about kids. Read the rest of this entry »

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How to Save 20% to 40% on Your Kitchen Remodel

By Maggie Dokic on June 6th, 2017
Categories: Random Thoughts

The national median cost for a complete kitchen renovation is a nothing-to-sneeze-at $60,000, according to the “2015 Remodeling Impact Report” from the NATIONAL ASSOCIATION OF REALTORS®. Still, you can get the job done for less — much less — without forgoing anything on your wish list. Read the rest of this entry »

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