"Listing Alert allows agents to communicate within their brokerage on properties that are actually coming to market. It takes the whiteboard concept from a broker office of coming soon, what's about to hit the market and a few days, and it puts it in an app, application form, and it's mobilized in agents and agents hands," said Linda Hergenrader, product officer for Listing Alert.
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She says the platform is for agents within a brokerage, and they follow national and state guidelines.
It was created after agents saw a need, and their app is connecting all parties.
In the Fresno-Clovis area, The average price of a home being sold is $407,000 and has been on the market for ten days.
"Most listings are receiving multiple offers. Anywhere from five to, I heard of one listing getting 50 offers," said Darren Wade with Strive Real Estate.
Wade says there are cash offers above listing prices. Even new home offers are getting competitive.
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"Now they're collecting all of the offers and reviewing it once a week. And bidders are going up on the price anywhere between $1,000-$5000," Wade said.
As for Listing Alert, the Fresno-based company has a partnership with Bitwise and is working on expanding.
"We are talking to large brokerages. A couple of our clients right now, we have a Berkshire Hathaway affiliated brokerage there with Remax branches. And we just partnered with Better Homes and Gardens," Hergenrader said.
They're in an expanding company in a growing real estate market.