72SOLD affiliate Hague Partners has announced the acquisition of The Midland Team, a residential and commercial real estate group from the Midland Real Estate Alliance brokerage in Tempe.
Founded in 1999 by Karl Tunberg, the affiliation adds 12 more Realtors to the 72SOLD team in Arizona, bringing the total to 282, according to a press release, noting a third brick and mortar location for 72SOLD added.
Midland Real Estate Alliance will remain open, focusing on commercial real estate only. The residential side of the business is managed by 72SOLD with Tunberg as the managing broker for the new Tempe Branch, the release said.
Founded by Arizona attorney, real estate authority and TV spokesperson Greg Hague, 72SOLD operates in 38 states, offering home sellers a program to sell in 72 hours, avoiding daily showings, choosing their closing date, then staying in their home for up to six months after closing.
A recent study by a local title company found that home sellers netted 8.4% higher prices using the 72SOLD program, noted the release.
“As a team lead at Midland I’m excited about our futures with 72SOLD and Hague Partners,” said Tunberg in the release.
“Our vision aligns with Greg Hague for a very bright future with all of the disruption in the market, including iBuyers. We will be much stronger with this partnership and alliance. Greg is at the forefront of the real estate industry.”
The announcement comes on the heels of 72SOLD acquiring The Real Estate Firm in Gilbert. The Midland Team closed $65 million in sales in 2020 and is projected to close $90 million in 2021.
The team will remain at its current office at 1611 E. Warner Road, allowing agents to give buyers and sellers more personalized service across Metro Phoenix, the release.
“We are ecstatic to have Karl and his team with 72SOLD,” said Hague.
“Karl is a visionary, a long respected real estate trainer, and a recognized leader in our industry. He is passionate about helping Realtors achieve greater success by offering a better home selling experience to Arizona residents. We are honored to have Karl’s leadership at 72SOLD.”