Why a Consumer May Choose to work with Real Estate Professionals armed with Market Statistics

ShareThis

Disclosure: This article is written with no intention to attack other real estate professionals without the same business practices. It is mainly to share personal experiences and observations on Why a Consumer May Choose to work with Real Estate Professionals armed with Market Statistics.

Real estate professionals who constantly monitor, research and observe the market activities are typically real estate professionals that stay on top of the real estate market activities in your local areas. They are typically the first to know what happens to your market and where the market is heading. Statistical data can provide insightful information to market trends - which is important to your purchase or sale.

Real estate agents that are sensitive to news as such are also usually on top of current real estate news that could affect your real estate transaction (purchase or sale), especially in your local areas.

 Continue below ...

Real Estate is Local. It varies from cities to cities, areas to areas and communities to communities. Furthermore, it varies price ranges within the neighborhood too.

Just like weather forecast is local. Here in Frisco Texas, you would not watch the weather forecast in New York or Atlanta to determine how your day would be.

Find out more about how your community or your area within your price range does. We are here to provide you the most accurate information because we believe information is power in negotiation of real estate transactions.

• Frisco TX JULY 2010 Homes Sold Market Report
  Frisco TX sold 180 homes in July 2010. This number is down 35% from the same time last year. Although it may seem like a significant decrease, it may not be true. The First Time home buyer tax credit stimulated buyers to purchase before June 30.
  
• Frisco TX JUNE 2010 Homes Sold Market Report
  Frisco TX sold 245 homes in June 2010. The numbers are similar to the same time last year. Find out the breakdown analysis and local commentary of the Frisco TX home market report.
  
• Frisco TX Homes Real Estate Market Report for Year 2009
  Frisco TX sold 2,335 homes for 2009. Total real estate value is over $680 Million. The average sales price per square feet is $92/sq.ft. The $200K-$300K price group is the top seller (at 37% of total sales), then followed by the $100K-$200K (at 16%). It took Frisco TX homes 81 days to sell (average days on market). Read more about the Frisco TX Year 2009 Real Estate Market Summary report.
  
  
• Plano TX Homes June 2010 Homes Sales Market Report
  
• Plano TX Homes Real Estate Market Report for 1st Quarter 2010
  
  
• Allen TX June 2010 Homes Sales Market Report
• Allen TX Homes Real Estate Market Report for 1st Quarter 2010
  
  
• McKinney TX May 2010 Housing Market Report
• McKinney TX April 2010 Homes Sold Market Report

• Zero Down Payment and Zero Closing Cost Affordability based loan program
  Better yet, no perfect credit is needed. It is an affordability-based loan program. Sounds too good to be true? Do not qualify it first. Find out if this loan program truly fits your housing needs.
  
  
• Frisco TX Down Payment & Closing Costs Assistance Programs
  The city of Frisco offers 2 housing initiatives to bring more residents to call Frisco TX home. One program assists anyone who want to live within the city of Frisco limits while the other is offered specifically for Frisco ISD and City of Frisco employees. There are some qualifications for the program. Find out what they are.
  
  
• What Every Seller Needs to know about Selling Their Homes in a Time Such as This
  Many industry changes that can affect the sale of your home. Understanding how it could affect you is essential to a happy closing in the end.
• Why Some For Sale By Owners FSBO Fail?
  Understanding why some For Sale By Owners (aka FSBOs) fail at their attempt of selling their homes may be crucial to understand where you can do better, or if it is something you want to attempt on your own. Even if you receive an offer, would you know what to do with it? Worse yet, you have now paid a Realtor(R) to represent your Buyer who knows how to structure a contract.
• Should I List My Home with a Large Brokerage Firm?
  This is a link to my blog where I asked other top producing real estate agents across the country what they truly think about listing versus getting your home sold when the size of the brokerage firm does not matter. Find out why they think that way.
  
  
• What Every Buyer Needs to know about Buying Real Estate in These Times
  Home purchase in these times are unlike any other times. Both positives and industry changes affect how we used to buy real estate. Understanding the "new" home process can save alot of heart aches in the end.
  
  
• Do you recommend using a Realtor(R) in your new home construction buying process?
  Buyers wonder if they can do "better" without a Realtor(R) in their new home buying transaction. In the end, they only care about the sales price they pay for. Read this article to understand a small glimpse into new home construction. Then, you decide if not having a Realtor(R), negotiating on your own and going through the construction process on your own is worth it.
  
  
• Can You Buy a Home on a Work Visa?
  This article clarifies what it constitutes for non-immigrant work visa status employees can expect when purchasing their homes. Yes, they are also qualified to receive the first time home buyer $8,000 federal housing tax credit.
  

Continue from above ...

Along with the constant observations of new homes that come on the market, the real estate agents can easily spot homes if they are priced correctly, attractively or even over-priced for the market. Hence, you benefit with working with real estate agents that keep a close watch on the market activities.

A good real estate agent also continues to preview new homes that come on the market throughout the year, not just when s/he has a client for the marketplace. The agent may observe property conditions, review it based on location and price to give you a very quick idea if the house is correctly priced.

You want to work with agents who armed with market statistics. The better ones do. Even if you are not a "numbers" or "statistics" person, and numbers may mean nothing to you, picking an agent who actually does is highly important to your real estate success.

Being in the industry for many years now, it is easy to spot one agent who does and does not monitor real estate market activities. It is in your best interest to interview Listing Agents as well as Buyers' Agents to see how well they know the market. Sometimes, all you need to do is Ask. More often than not, agents who do not are not prepared for such questions.