Want to sell your house? Get Out!
Greg Swann over at Bloodhound Realty explains:
When we are out with buyers, we run into this sort of stuff all the time. Typically, our response to the buyer is, "They (the sellers) just don't want to sell it." What we mean, of course, is the sellers are not very motivated to sell. Is that terrible? Well, it is surely an indication of what is to follow. If the sellers are not going to be reasonable about simple access to the property, how reasonable should we expect them to be on other issues, like say, price. This is an easy argument to make to our buyer clients - with an even easier solution: "Let's move on."
So, Why the Name "Brick and Garden"?
We get this question all the time. Many reasons, including the fact that it conjures up a nice image - one that captures the essence of what we do. But, the number one reason is not what it is, but what it is not! It is not, Jane Doe Realty, with the accompanying janedoe.com. Agent Jane Doe has been endlessly trained, motivated, and coached to "market herself." In fact, Special Agent Doe spends more time marketing herself than she does actually brokering real estate transactions.
We would rather focus on marketing property.
What's Wrong with Real Estate Agents?
Real estate agents do not understand why they are held in such low esteem by the public at large. It might very well have to do with nonsense like this:
More of this here.
Reminds us of this.
Real Estate Licensure Requirements in North Carolina
We applaud the North Carolina Real Estate Commission's recent efforts to strengthen the licensing requirements for real estate agents in our state. We do, we really do. However, North Carolina requires 1,500 hours of class time to obtain a license to cut hair (See the North Carolina State Board of Cosmetic Art Examiners). The Real Estate Commission requires less than 100 hours of class time to obtain a real estate license. Both licenses require passage of a state exam. Now, either our cosmetologists are incredibly over-educated or our real estate agents are woefully under-educated.
When to Close
We have long been advocates for mid-month, mid-week, and mid-morning closings.
Interesting Article Roundup
Bogus "New" Listings [True Gotham]
The Ten Commandments of Negotiations [Broker-Agent News]
The Fine Art of Civilized Conversation [Pittsburgh Post-Gazette]
In regard to the above New York Times piece, The Last Stand of the Six-Percenters, these days, much is written about the developing schism in the real estate business between the old-line, traditional firms and the new-breed discounters. Both of these models have problems. In short, the problem with traditional firms is that agents are unable to compete for business. The problem with the discounters is that they often fail to protect the best interest of their clients. These very different problems have one thing in common - they are the result of what we might think of as "End Spectrum" business models. That is, let's not look at the real estate business as an either/or proposition, but rather as a continuous spectrum. The traditional firms sit securely atop the "Rockefeller" end, with their heads firmly in the sand, and the discounters roam the "Wild West" end, where chaos reigns. And understandably, they sure hate to deal with each other.
Our flexible, "mid-spectrum" business model allows our brokers to compete with, and deal with, both ends. We believe this allows us to be competitive and serve the best interests of our clients.
National Real Estate Perspective
Jonathan J. Miller takes a look at the national housing market.
Baker's Dozen. Some of our favorite Triangle area eateries.
508 West Jones Street, Raleigh, NC 27603, 919.831.2811
100 Jerusalem Drive, No. 106, Morrisville, NC 27560, 919.465.9006
3071 Medlin Drive, Raleigh, NC 27607, 919.787.3431
Farm House Restaurant
604 Mill House Road, Chapel Hill, NC 27516, 919.929.5727
748-E East Chatham Street, Cary, NC 27511, 919.388.3615
Last Catch Seafood Grill
3560 Maitland Drive, Raleigh, NC 27610, 919.250.0009
986 High House Road, Cary, NC 27513, 919.319.1818
905 West Main Street, No. 21B, Durham, NC 27701, 919.680.4968
115-G West Chatham Street, Cary, NC 27511, 919.319.6554
Pho Cali House of Noodles
3310 Capital Boulevard, Raleigh, NC 27604, 919.862.8900
3945 New Bern Avenue, Raleigh, NC 27610, 919.231.3788 [Greg Cox Review]
975 Walnut Street, No. 201, Cary, NC 27511, 919.467.7196
3812 Western Boulevard, Raleigh, NC 27606, 919.856.1818
While we are on restaurants, Greg Cox recently listed this year's Triangle area winners of the 2006 Wine Spectator Awards. We note a distinct lack of overlap with our list above.
One of our favorite lunch joints
from the News & Observer (Raleigh, NC)
Our legal advisor hangs our her shingle.
Bonfire of the Vanities for real estate - Rather frightening!
Two by Hugh
From David Sucher's City Comforts:
Real Estate Agents - Hire High Substance, Low Style
As in all things, there are good and bad real estate agents. With that caveat, however, some agents are indeed lazy, or incompetent, or even, dishonest. Some, all of the above. While these characteristics are arguably exceptions, it is the more common unprofessionalism of the "profession" that is most startling.
Think of it this way, when you are about to drop a quarter of a million bucks (on anything, much less a place to, well, you know, stash the family) do you really want advice from someone who looks and acts like they just walked off the set of a television shopping channel. Or, who drives up in a clown-mobile. Minimal education and no tact, masquerading as a profession! Yet, we hire these people. Some of them make gobs of money - go ahead, ask them - they love to tell you how successful they are!
Think about the amount of money you pay your real estate agent. For most of us, I'm willing to bet it is more than what we pay our attorney. Yet we would never hire an attorney, a doctor, or even an insurance agent who conducts himself like many real estate agents.
There is a very well-known real estate trainer who jests that we should never confuse experience with competence. I would alter his maxim a bit: With real estate agents, never mistake success for competence. While this certainly seems counter-intuitive, let me explain. Many successful real estate agents are similar to Enron - high on style, low on substance. And frankly, this works (for the agents)! Often to the detriment of their clients, who may not even be aware of a problem.
Now, all that said, would I hire a real estate agent? The answer is, yes, but carefully. Hire high substance, low style! Think of the difference between Donald Trump and Warren Buffett. High style Trump keeps going bankrupt (with his investors' money); Low style Buffett has quietly become the second richest man in America - And, he has taken all of his investors, his clients, with him.
Among other things, a good agent can help us avoid the minefields in our overly legalistic society. For an interesting discussion of the merits of hiring a real estate agent, have a look at the Slate Magazine article below.
Who's Afraid of a Little Competition?
These articles are a few years old, but they are still intriguing.
For a great photo collection of the the Trapiche Winery, go here.
BRICK AND GARDEN REAL ESTATE
Brick and Garden is an independent real estate and investment firm based in Cary, North Carolina. We operate in the Greater Research Triangle Area of North Carolina.
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Raleigh & Taipei Development Corp.
Galt, Rearden & d'Anconia
Brick and Garden Real Estate
Post Office Box 3882
Cary, NC 27519