Finding the right real estate agent is crucial in the Phoenix, Arizona real estate market
where sun-kissed landscapes and vibrant communities make home selling an art.
But what if that perfect agent is not just an experiencedprofessional but also your neighbor?
Here are six compelling reasons why hiring a neighbor as your REALTOR might be your smartest move when selling your home.
Vested Interest in property values
Your neighbor, doubling as your REALTOR, is more than just someone who lives
down the street. He shares a vested interest in maintaining and enhancing
property values in the neighborhood. According to a National Association of
REALTORS (NAR) survey, homes sold by local agents often fetch higher prices, as
they understand the local market dynamics and are motivated to preserve the
integrity of the community.
In-depth Knowledge of the Area
A local REALTOR will have a comprehensive understanding of the neighborhood,
including market prices, trends, schools, and amenities. According to the 2017
Profile of Home Buyers and Sellers, 87% of recent home buyers worked with a real
estate agent, with knowledge of the area being a key factor.
Convenient Availability
Living in the same neighborhood means your REALTOR-neighbor is readily
available. Whether it's a weekend open house or a late-night negotiation, their
proximity allows for increased availability and responsiveness. This personal
touch can make a significant difference in the overall selling experience.
Selling a home often involves showings to potential buyers. Imagine having a
neighbor who can step in when you can't. A local REALTOR can assist with
last-minute preparations, take out the trash, or even manage pets during
showings. This level of convenience not only makes the selling process smoother
but can also contribute to a positive impression on potential buyers. According
to a REALTOR.com survey, convenience factors significantly influence a buyer's
decision-making process. In a survey by the California Association of REALTORS,
89% of respondents emphasized the importance of accessibility and communication
with their REALTOR.
Extensive Local Network
Local real estate agents often have a network of reliable service providers,
such as plumbers, electricians, painters, landscapers, exterminators, pool
services, cleaning services, and handymen, which can be invaluable when
preparing a home for sale. Your neighbor REALTOR will also have a network of the
professions may be involved in your actual transaction such as inspectors,
appraisers, title companies, notaries public, mortgage officers, and others.
Familiarity with Neighborhood Regulations
A local REALTOR is well-versed in neighborhood HOA covenants and restrictions
and city ordinances, ensuring a smooth transaction and preventing potential
issues for the seller and the buyer.
Insider Insights
Local market trends can change rapidly, and having a REALTOR who is part of
the community ensures you're well-informed. Your neighbor is likely to have
insider insights into upcoming developments, school district changes, and
neighborhood dynamics that can impact your home's market value. Your
neighbor-REALTOR will know which local social media groups such as on Facebook
and NextDoor offer the greatest insights into local news, lost and found pets,
and neighborly recommendations of restaurants, service providers, grocery
stores, pharmacies, shopping, and other important daily needs. According to a
study by Redfin, agents with a deep understanding of local market trends can
help sellers make more informed decisions and navigate the selling process with
confidence.
