Presently in the Phoenix Metropolitan area there are more than 57,000 active listings. How do you compete?
| Active - 57852 Properties Found |
| Square Feet | Bedrooms | Baths | List Price | Sale Price | Agent DOM | Cumulative DOM |
| Min | 0
| 0
| 0
| $ 8,000
| $0 | 0
| 0
|
| Avg | 2150
| 3
| 2.37
| $ 437,402
| $0
| 113
| 131
|
| Max | 27000
| 36
| 65
| $ 29,000,000
| $0 | 1278
| 1378
|
In markets like this you have to think outside the box and try anything to sell your clients home and lessen the impact on your sellers. What other options are there?
- Seller Carryback
- Lease Purchase Contracts
- Lease Option
- Any Others?
Depending on your clients situation and equity base some of the options may be attractive and allow the seller to make some additional money to cover their mortgage and even eventually sell their home. The value of homes is still decreasing and were not sure when we will level off. Put you best foot forward. Price the home properly and try to think outside the box to market and work on behalf of your sellers!
More than 1/3 of the properties listed on the market are Vacant. Why not offer them up as leases, lease options or a lease purchase? Lease options and Lease Purchases allow the seller to charge additional monies to help pay their mortgage. Usually these are done if the tenant really likes a property but has less than perfect credit to purchase the home. It allows the tenant time to improve their credit and hopefully qualify by the time their contract is due.
JG Realty is a full service Broker offering Residential Purchases, Sales, Leasing, and Property Management
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