Recent content by FairView

Following my fee question, response time matters too. A written scope should say who provides updates, the usual communication method, and whether urgent requests cost extra. “Expected timing” is useful, but clients also need to know which steps depend on documents or responses from other parties.

How is the fee normally structured: fixed for the stated scope, hourly, or dependent on the transaction reaching certain stages? Also, what happens when the timing changes or an issue falls outside the initial scope? I would want those points in writing before comparing the headline fee.

Also ask when the first price cut happened. A motivated seller cutting early is a different case from one sitting for 102 days and only then adjusting. Are these vacant buildings or occupied, and are you counting listings just across the neighbourhood boundary? Those details could explain more...

Same. The sophistication should match the sample. A clear table exposing ambiguity is more useful than a precise-looking adjustment.

There’s also a middle ground between a permanent freeze and immediately reaching market. Give whatever notice is required locally, explain that costs and rents have moved, and propose a measured increase with a defined review date. Predictability may matter as much as the amount. That said...

You may get better leads if you explain what you mean by “villa” and narrow the part of Los Angeles. Also, is 1,450 sq ft a firm minimum or simply a target? Quiet-market owners are less likely to engage when they cannot quickly tell whether the location and size fit.

Energy information may be acting as a signal for general condition rather than changing the price on its own. My concern is that renovated homes are being compared with properties that still need substantial work. Were the quicker sales genuinely similar in age, condition and location? If not...

I would like to submit a credible offer near $430,000, but I do not want the winning bid to create a cash or financing problem if the valuation is lower. We could cover a shortfall of up to $5,000, not an unlimited gap. Would you state that cap explicitly, retain a full valuation condition, or...

A practical way to decide is to compare three written scenarios: renewal at $7,394, renewal with a modest increase, and turnover followed by an attempt at $8,957. Include likely vacancy and refurbishment in the third scenario, then test how long it would take the higher rent to recover those...

The $1,922 figure is the part that drives the decision, because a tenant cannot compare it properly without knowing which recurring charges sit on top of it. Negotiation can come later, but there should first be a proposed written breakdown of rent, utilities, internet and any servicing charge...

Even a 20% reserve is not much protection while plumbing access and electrical remediation remain undefined. I understand why choosing a percentage now is useful for planning, but it should be provisional. Ask each contractor to mark where exploratory openings may be needed, who pays to make...

That helps. I was treating the 99 days too much like a completed-sale timeline when it is really the age of the remaining inventory. I’ll rebuild the sample by narrower neighbourhood boundaries, preserve the original listing date through price changes, and separate completed deals from...

I reviewed this month’s Lima coastal-home listings between PEN 1,335,000 and PEN 2,002,000. The homes still advertised have been on the market for roughly 99 days on average, with many of the longer-running cases appearing to need maintenance. Is that a fair picture of buyer demand, or is the...

Another possible distortion: does the 67-day figure include withdrawn listings? If difficult properties disappear rather than sell, the visible marketing time could look healthier than the actual outcome.

What does the +2.8% measure—changes in asking prices or completed transactions? Also, how tightly did you draw the neighbourhood boundaries? In Seoul, combining nearby but unlike pockets could easily make the movement and marketing-time figures tell different stories.