Talking about a super expensive and ugly house, the top real estate websites and cheerleaders. But not the good kind of cheerleaders…
If You Can Pay $9.8 Million…You Can Afford Paint
If you are thinking about selling a house, please consider painting as one of the best investments you can make in preparing your home for the market:
Bad news for lovers of mustard yellow paint … Bijan Pakzad’s famously gaudy Beverly Hills mansion is officially off the market … TMZ has learned.
Bijan was famous for owning “the most expensive store in the world”, located on Rodeo Drive (where else?) and his pad was just as pricey … it hit the market last June for $12 million.
But our real estate sources tell us … after 10 months on the market and 140 showings — real estate guru David Kramer sold the digs to an affluent L.A. buyer for $9.8 million.
Took a long time to sell and sold for almost 20% less than the original list price. Paint makes a difference. Even with ultra expensive homes…
See pictures of the home at Famous Bijan Mansion SOLD to Fan of Gaudy Real Estate
REALTOR.com Gets Spanked Again!
New traffic numbers for the top real estate websites were just released:
#1 Zillow 11.8%
#2 Trulia 7.8%
#3 Realtor.com 6.6%
This is according to the Experian Hitwise data which is based on US market share of visits as defined by the IAB, which is the percentage of online traffic to the domain or category, from the Experian Hitwise sample of 10 million US internet users.
The real question is if I can ever make it back to the top after moving my wbesite to this new domain? Considering my past success with other websites, I think it is only a matter of time.
See all of the Top 10 Real Estate Websites for April 2013
Not Every REALTOR is a Cheerleader
From an article I ran across:
A recent newspaper included a glossy magazine with an article urging me to run out and buy a house — fast!
“Thanks to historically low interest rates, affordability is at an all-time high,” the article said. “I highly recommend taking advantage of this opportunity before conditions change — although interest rates are still hovering just above their lowest rate, they will start to climb. In this climate, it’s absolutely crucial that you’re prepared to move quickly.”
This article was written not by some journalist but by the president and CEO of Douglas Elliman Real Estate, Dottie Herman. Nothing against Herman or her company, but the article, and the lack of scrutiny it received, highlight one of the puzzling aspects of the financial crisis and its aftermath — bankers were hit with new regulations and called before congressional hearings, but the real estate industry has escaped largely intact.
Here’s the thing. Plenty of people in real estate like to always talk about how it is a great time to buy a home.
I bet if you drive down to the Chevy dealership and ask if it is a good time to buy a Corvette, most of the sales people will say yes.
But that does not mean it is a good time for YOU to buy a Corvette.
However, there is no doubt that for some people, right now is a good time to buy a home. But is it a good time for every one?
Don’t get me wrong.
Super low mortgage rates and the decrease in home prices mean that now IS a great time to buy a home. Decide for yourself.
Do the research.
Think about it.
Discuss it with your tax person and financial person.
Talk to a couple of mortgage lenders.
Talk to someone local that is not going to blow smoke up your behind just so they can make a sale.
Just ignore the Buy-A-Home-Now cheerleaders.
Read the article at Why Doesn’t the Real Estate Industry Face the Same Scrutiny