Flash sales take properties off the market quickly
You list your home for sale and find a buyer on the same day - that's called a "flash sale," and it's happening in Houston. Houston is hot and Realtors are looking for properties to list in a market which is booming.
“What a great market we have here in Houston,” says Houston Association of Realtors Chairman Danny Frank. “I just wish I had more houses to sell.
“Right now,” he says, “I have a ton more buyers than I have sellers … and that’s a problem.”
Houston ranks third in the nation for those flash sales. Frank says it isn’t unusual for a homeowner to list his or her property. At that point the agent starts preparing the house for buyers to see and they often are sold before they even make it to the multi-listing.
“Houston is an absolute hotbed of real estate,” says Frank, “more so than anywhere else in the country.”
Frank sells through Prudential-Anderson Properties. He says his biggest problem right now is: he needs listings. He has the buyers ready to go.
Houston is third in the country for flash sales behind Phoenix and Chicago.