Buyer Exclusive Agreements now the norm: New NAR

📝 Buyer Exclusive Agreements now the norm: New NAR settlement policy and state law is now in effect. My job as your realtor is to simplify things and educate you every step. My practice of real estate has not changed, and my clients have and will know the costs of selling and buying a home. Call Connie for her Buyer Rep Class, New Build Class, and Sellers Class. Together we will chat about the key things you need to know when building, selling and buying real estate. Be aware and keep these three points in mind: 1️⃣ You need an agreement with your buyer agent, but it doesn’t have to be exclusive or long-term. Negotiate the terms and shop for an agent you trust *before* shopping for a home. You may have to interview a few before you find the right fit. This is worth the time and effort. 2️⃣ Commission is negotiable, and now it’s written into the forms. Even though MLS doesn’t disclose the buyer agency compensation, it can still be negotiated in your sales contract. This is true even if the seller isn't proactively offering compensation. 3️⃣ Don’t forgo representation just to avoid fees—it could cost you in the long run. Skillful buyer agents know your market and can not only negotiate a deal for you that makes sense, vut also help with due diligence tasks that may keep you from making costly errors in your transaction. Connie is a Realtor on The POWELL BUEHLER GROUP with Coldwell Banker Realty. Please text 614-943-0025 for your confidential conversation about real estate Search homes at conniesadowski.com Search for homes ConnieSellsOhio.com #1 Team Top 1% of Realtors The Powell Buehler Group Coldwell Banker Realty

Comments

Post a Comment

Thanks for commenting, please call me if I can answer questions or help in anyway.

Popular posts from this blog

Which types of showings work

Image
  A showing is an opportunity for a buyer to determine if a home is right for them. Each of the different types of showing plays a valid and necessary role in marketing the home. Some buyers may start by looking at homes online, which can lead them to drive by the home to see if it still meets their interest before they schedule a showing. New Build Model Homes:  Take me with you to your visits and don’t register online when looking at homes. Builders/Sellers require I, your agent represent you on first and substantial visits so it’s imperative that I make first contact!  Open Houses:  Take me with you! Make sure you give agent at open house my name and number, Im a great agent to represent you in selling buying or building your home. Online showing : This is when a buyer looks at a home's listing online, including photos, videos, and a description. This can be a great way for buyers to get a general overview of a home and see if it is worth scheduling a showing. Drive-by showing :
Read more

Why It's a Smart Move to Buy a Home in the Current Market

Image
  If you're in a financially stable position, now might be the perfect time to embark on your homeownership journey. Buying a home today offers several advantages, including the opportunity to build equity and stabilize your housing costs in the face of rising expenses. Explore the reasons why purchasing a home now can be a wise decision in the current market. By purchasing a home today, you can start building equity, which is an investment in your future. Additionally, opting for a fixed-rate mortgage allows you to stabilize your monthly housing costs for the long term, even as other expenses continue to rise. This stability provides peace of mind in an ever-changing financial landscape. While housing costs experienced significant increases in 2021 due to a combination of factors, such as inflation, high demand, and low supply, the market has since moderated. If you decide to buy now, you can expect relatively stable house prices and potentially face less competition from other bu
Read more

Central Ohio Housing Report - December 2023

Image
  December saw a 5.7% decrease year over year in closed sales as the median sales price rose 7.3% in the latest Central Ohio Housing Report from Columbus REALTORS® As the central Ohio housing market embarks on a new year, we look back at the final month of 2023. In December, there were 1,917 closed sales in the Columbus & Central Ohio Regional MLS, a 5.7 percent decrease over December 2022. The median sale price grew to $295,000, a 7.3 percent increase year-over-year.   In the peak of summer sales, homes in the region were spending about 17-18 days on the market. In December, that number rose to 30 days, the highest number since March.   The total inventory of homes for sale surpassed 3,000, marking a 9.7% rise over last December. Supply sits at 1.4 months, which is a 27.3 percent increase year-over-year. New listings in December were typical for a month that is traditionally sluggish in this category.  There were 1,434 new listings entered into the MLS in December 2023, which was
Read more