Malibu Broker Caravan…Good Housing Some Bad Practice by Peter Fleming, Malibu Real Estate Confidential
by Peter Fleming, Malibu Real Estate Confidential
Weekly Malibu Broker Caravans are the days agents like me tour all of Malibu comparing new houses on the market, also seeing price reductions, leases and just plain repeats. And almost always, days that I wish buyer prospects were with me seeing what I see.
The good news is always the excitement of seeing incredible construction, vision and comfort in properties in all price ranges. Somehow, it seems Malibu owners and builders take greatest pride in their homes. Recently, saw two huge lodge-like mansion, feeling of dark wood beam comfort, big wooden stair railings, doors and windows of dark wood, both lodge like feelings of strength. The kind of power found Aspen or Manhattan, with one at 20 million on a sandy beach, the other at 10million behind the most exclusive gated area in Malibu. Each house loaded with marvelous extra creative spaces and you can imagine staying in either house work or play for days never wanting to leave the giant comfort…even though you will, because you’re in unbeatably gorgeous Malibu.
During the week new listing previews are given by each office for their own agents, to give them first look advantage over all other agents. Brokers want their own agents to bring in early offers on their own listings giving that broker both sides of, or double , the commission. “Insider” double commissions are good for the agents, but they are not good for the seller. It simply is not good to limit the exposure of the property to only a few buyers. The best buyer is still out there not allowed to see the property. Attorneys and business managers agree to the wise practice stating to the public that no offer will be responded to, countered or accepted until a week or two has passed on the open market. The common sense of this rule is that all qualified prospective buyers must be given a reasonable amount of time to see the new listings.
At Malibu Real Estate Confidential, we’d love to hear from you – about real estate, freedom, citizenship and home ownership. You can reach Peter Fleming directly at 310-454-1373 or email him at peterfleming@earthlink.net. For all your home buying and selling needs shouldn’t you choose a real estate agent with a seasoned attitude and a commitment to home owership?
