Issues in the real estate market
The following is a write up and review of the current marketing of listings in Nicaragua and why agents are moving towards an organized, transparent, where one cooperates and compensates the listing and the Buyer agent
Issues in the Real Estate Market in Nicaragua
Examples of issues with open market for sale of property:
The owner also sells his property, direct competition to all agents
The agents take the property with many agents representing the same property
There is no cooperation between agents
Distrust among the agents
No reliable market information – history of value, volume, sales
There is no compensation for the work done
No communication by Seller when the property has sold or price change
There is no transparency between brokers/agents or buyers
Basically we have a system of individualism
Benefits of a MLS® System
Organized collection of exclusive property data
Detailed information of each property for sale
Improved current and past real estate market information
Agent can compare similar properties and give market information to clients
Have property data with competitive prices
No open market listings are allowed
The public see a professional group of real estate agents organized around rules that protect public interest
With MLS® you have cooperation, transparency, and compensation
The owner is represented exclusively by an Agent
Transparency in the real estate market
The government sees how economic policies impact the real estate market, has clear market data
The Association has a means of communication with the public to report sales levels, number of properties for sale and establish if there are any market problems (supply and demand).
Benefits of MLS® Platform Provides Standardized Agreements
Standardized agreements
Standardized contracts
Market transparency
Cooperation
Compensation
MLS® Platform Provides Multiple Contacts
The MLS® for CANIBIR members
MLS® Overview
