Are you and your Realtor finding a low inventory of homes in Phoenix, Arizona? Are you writing offer after offer, after offer, and not getting an accepted contract?
Well, I am here to tell you exactly what your agent is telling you but you think they are just trying to get more commission!
The inventory in Arizona is very low. Last year there were about 35,000 3 bedroom listings for sale, last week there were 15,000, and today?......8/22/2011.....13,051!!!!
So what? This means Supply and Demand is in play. The less Supply...the MORE $$$ it will cost.
We Realtors here in Arizona have noticed that most all the homes in fairly good shape are being sold for list and OVER list price. The days of low balling are over for now.
It used to be that the Sellers would take 10 to 20% below list and be happy to get a contract. Now, Sellers are most likely not taking anything but list or over, and if the property is on the market for a long time, or is severely damaged, not less than 3% lower than list.
It is best to be prepared for the TRUE market, NOT for what you hear from your friends.
If you are buying Real Estate in Arizona, make sure your Realtor is a full time agent. Part timers just don't seem to have the time to keep educated and up to date.This market changes daily, if not hourly. So be sure you have a Realtor that knows!
Please note that at Re/Max
• We are NUMBER ONE in market share.
...• We are NUMBER ONE in agent productivity.
• We are NUMBER ONE in brand name awareness.
• We are NUMBER ONE in advertising.
• We are NUMBER ONE in lead generation.
• We are NUMBER ONE in professional education.
• We are NUMBER ONE in the minds of buyers and sellers.
Yes...there is a low inventory of homes in Phoenix Arizona. Listen to your Realtor...or call ME!
Julie Bridge
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