Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Phoenix use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
In most sales in Phoenix, roughly half of the commission you pay as the seller goes to pay for the buyer’s broker. If you are not paying buyer agent commission, who is going to bring buyers to your place? If you are doing truly FSBO, don’t expect there are a lot of traffics to your open house.
If you aren’t paying buyers’ agents 3% they aren’t going to show your place, no matter how great your marketing is. And buyers who are working with agents have already agreed to pay them a commission if they find a house so they probably aren’t going to legally be able to cut the agent out, they’d have to pay the agent 3% out of their own pocket. And who has that kind of cash?
By not listing in the MLS you’re reducing your pool of buyers. In a super hot market, or if you’re in a super hot part of town, sometimes you can get away with a FSBO, will just depend on how badly you want to sell.
Looking to sell your home in phoenix? Call Scott Roes +1 602-696-4570. FREE Home Evaluation, No Obligation!
Congratulations to my client Brian who closed on his new home today. 1920 bungalow in the heart of Phoenix. Sweet home! Enjoy
Cities around Phoenix area like Mesa, Glendale etc. is booming right now with low vacancy rates & mid-rise and construction projects popping up everywhere. At the height of Phoenix’s excess, in 2013, homebuilders were constructing 4,500 homes a month, bulldozing one acre of land every hour.
In fact, not only are things tracking well in Maricopa county but also in another county very close to here exciting things are beginning to take place.
Phoenix is one of the Top 20 Real Estate markets in the country. It’s #19 to be exact. It has seen growth of 41% in the last 3 years, some of which was because we had such a decrease in housing prices in 2008-2010.
Now question arises what are the causes to Phoenix’s nascent boom?
“According me, One of the major is the city has counted on explosion in jobs to attract home buyers: The population of the Phoenix Metropolitan Area has nearly doubled since 2000 and is now close to 4.3 million.” says Scott Roes
Scott Roes doesn’t just top real estate agent with the Realty One Group — he owns Scottsdale Housing Company and Cash For Your Home AZ in the valley of the sun and he’s been in real estate since 1994.
He likes the way the market looks right now. He says factors like weather, the ages of homes, and the supply of foreclosed houses has attracted investors and improved our housing market.
“The housing market is hot hot hot. Basically everything we put on the market is selling, especially if it’s priced right, its selling in less than 3 days” says List My Arizona Home team.
Share me your views about What other reasons can be for this housing market bubble?