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Thinking of buying a new place or selling your current one? There have been some changes in the real estate world that might affect you. Let’s break it down in a way that makes sense!
What’s this NAR settlement all about?
In the past, real estate agents could see how much they’d get paid for showing a house to you (the buyer) on a listing website. This could lead to some agents picking houses that paid them more, instead of focusing on what’s best for you. Not exactly **playing fair, right?
The good news? This settlement makes things more transparent. Now, agents won’t be able to see that commission info on listings anymore.
What does this mean for you?
- Ask about commission upfront. Before you start working with an agent, have a conversation about their fees. Get it in writing! This way, you’ll know exactly what you’re paying and avoid any surprises.
- Commission is negotiable! Just like most things in life, agent fees can be discussed. The amount depends on a few things, like the agent’s experience and the amount of work involved in your situation (selling a fixer-upper takes more time than a move-in ready condo).
- Find the right fit. Commission is important, but it’s not everything. Look for an agent you trust and feel comfortable with. Someone who listens to your needs and works hard for your best interests.
Here’s a tip: Interview a few agents before you decide. Ask them about their experience, their process, and of course, their fees. You want someone you can work with confidently throughout the whole buying or selling process.
Need more info?
If you have any questions about buying, selling, or what my services cost – don’t hesitate to reach out! You can find me at https://www.caralynch.com.
