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A Simple Truth:
The Agent You Hire Matters
Whether buying or selling real
estate, the quality of agent working on your behalf -- his or her
competence, market knowledge, negotiating skill, integrity, work ethic and
commitment to your interests -- can make an enormous difference in the
outcome. In the outcome of what is typically one of the largest and most
complicated financial transactions of one's life.
One would expect that the quality of a brokerage and its agents would be
reflected in the statistics. Below are market performance charts based upon
statistical analyses of San Francisco home sales of all property types
(houses, condos, TICs, 2-4 unit buildings), in all neighborhoods, as
reported to MLS over the past 12 to 14 months.
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Sales
Price to Original List Price Percentage
This chart shows the average percentage of original asking price achieved
upon sale when acting as listing agent. It is a truism that if the
property is priced, prepared and marketed well, and the purchase contract
is negotiated effectively, it will sell quickly at its highest possible
price. When even a half percentage point in sales price equals thousands
of dollars, Paragon agents average 5.6% above the city's average
sales-price-to-original-list-price percentage. On a $500,000 home, 5.6%
equals $28,000; on a million dollar home, it equals $56,000. In this
analysis, the home sales assessed are capped at $3,000,000, because at
the higher end, most sales prices are confidential, which distorts the
statistics.
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Average
Days-on-Market
This chart shows the average number of days it takes the listing agent to
secure an offer acceptable to the seller on transactions which then
proceed to a successful close of escrow. Again, if a property is priced,
prepared and marketed effectively, typically buyers feel a sense of
urgency to act quickly -- with strong, clean offers. Paragon's average
days-on-market figure as listing agent is 4 weeks below the city average.
Price the property right; prepare it to show in its best possible light;
market it comprehensively; sell it quicker; sell it for more money.
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Average
Sales per Agent
Founded in 2004, Paragon is already consistently in the top 3 or 4 San Francisco
brokerages in both dollar volume and unit sales. This chart illustrates
the fact that Paragon also has the highest average number of sales per
agent of any of the top 10 companies. According to the San Francisco
Business Times, Paragon also closes the highest average number of sales
per agent of any residential brokerage in the Bay Area with at least 100
agents. It's not that we have more clients; it's simply that we're more
effective at helping our clients achieve their goals in real estate.
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Changes
in Market Share
Year over year, Paragon had the largest increase in market share of any
of San Francisco's largest brokerages. When the market went into a
tailspin after last year's financial markets crash, we simply kept
working and stayed focused on helping our clients with the purchase and
sale transactions they needed or wanted to complete, doing our best to
get them the best possible price and terms. That is our fiduciary duty.
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Characteristics
of a Good Agent
What does a good agent actually do for his or her client? We find that
most people really don't know. Here is a link to a list of those
characteristics we believe a good agent incorporates in his or her
practice. We believe it is these characteristics that lead to the best
possible end result for our buyers and sellers. As the above charts make
clear, if we take care of you, our market share takes care of itself.
Characteristics
of a Good Agent
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Please contact us for help, information and resources
regarding San Francisco real estate. We want to be
your one-stop shop for all of your and your friend’s real estate
needs.
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HomeTeamSF
415.265.1164
| 415.305.3049 | www.HomeTeamSF.com
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