San Francisco, CA (PRWEB) May 15, 2014
As inventory has tightened, the competition for scarce property has recently driven residential real estate prices throughout San Francisco into the stratosphere. Not only are buyers now competing against one another for the few available properties, but real estate agents are also competing for an even smaller supply of listings. This has led the market into some interesting new directions over the past couple of years, most troubling of which is now the explosion in the number of off-market sales.
The Multiple Listing Service (MLS) provides real time information available to everyone equally: photos, property descriptions, showing times and prices. The MLS is as transparent and fair as a system can be, and now it is being undermined by websites such as the Top Agent Network, that allow only a select group of agents to join.
These off market or "pocket" listings work to the advantage of the listing agents, but generally not to real estate agents. Realtors who pay dues to the San Francisco Association of Realtors expect that it maintains an orderly and ethical marketplace, but this is not happening. Many buyers are being excluded from even knowing about these off market listings. The sellers who agree to sell off market are limiting the exposure of their properties to the market place, which studies have demonstrated results in lower prices for these properties.
It's clear that the only beneficiaries of off-market sales are the listing agents themselves. Sellers beware! Do not be talked into listing a home for sale "off market." Less money will be acquired and the market as a whole will suffer.
Experience the benefits of working with Tim J Gullicksen Zephyr Realty and visit http://www.timgullicksensf.com to learn more.
About the company:
Tim Gullicksen has been a top-producing real estate agent since he first entered into the business, and takes great pride in managing every aspect of each transaction. After graduating from high school in the South Bay, Tim earned a bachelor’s degree in political science and history from the University of California-Berkeley. He went on to earn his teaching credential from JFK University in Orinda, and taught kindergarten in the San Jose Unified School District. He brings an educational approach to real estate developed from that background, and sees himself as a facilitator of property transactions. For more information, visit his website at http://www.timgullicksensf.com/.