Franco Dinh Show Episode 15: Broker Exam News, Market Insights & $1 Listing!

Welcome to Episode 15 of The Franco Dinh Show! In this week's episode, I have a lot of exciting updates to share with you all, including personal milestones, new listings of mine, and a market update you won't want to miss. It’s been a whirlwind of activity, and I can’t wait to break it all down for you!

Franco Update: Broker Exam Success and New Listings

First, I’m thrilled to announce that I’ve officially passed my state broker exam! Just a couple of final steps with the application before I’m officially a licensed broker.

In addition to my personal update, I also have two exciting new listings to share.

Glendale Listing: A charming 3-bedroom, 2-bathroom home, just under 1,500 square feet, listed for under $400,000. It's a great opportunity for buyers in the area!
Gilbert Listing: A downtown Gilbert property, located just a block away from all the local hotspots, being sold as-is. It's a fantastic location with so much potential! This is not going to be an off-market listing!

Cromford Market Report: A Buyer's Market with Positive Movement

In terms of the market, we’re still in a buyer’s market with the Cromford Market Index at 87. Active listings are slightly down, which is typical for this time of year. But there’s good news: sales activity is up 8% compared to 2023, and sales prices have increased by 2%. Buyers are still benefiting from seller concessions, with 53% of sellers offering an average of $10,000 in concessions.

The Unique $1 Listing

One of the most interesting things I’ve come across recently is a $1 listing! This is part of a bidding system designed to attract attention and generate interest. Though the house isn’t going to sell at $1, it's a creative marketing strategy is definitely worth noting. The listing had initially been priced at $435,000, but with this unique approach, the seller is hoping to create a bidding war. It will be interesting to see what this property sells for—I'll be keeping my eye on it!

As we head into the holiday season, I want to take a moment to thank everyone for their continued support. I hope you’re enjoying these episodes as much as I love creating them. I look forward to next week’s show, where we’ll dive into even more exciting topics.

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