Skip to main content

The NAR has settled, what happens in the short-term with the real estate market?

 



Buyer Agent Commissions will become a Buyer/Seller Negotiated Concession.

NAR Settlement Doesn't Require Commission Cuts
Does Bring Significant Changes
Written Agreements Now Required for Showing Homes
No Advertising Buyer Broker Commissions on MLS
Consumers Must Approve Realtor Compensation 

Here are situations buyers and sellers should consider in the next three months before the NAR settlement changes take effect: Buyers looking to purchase a home soon should act quickly before the requirement of a written agreement and unknown compensation requirements kick in. Sellers who want maximum exposure of the buyer agent commission being offered should try to list their home in the next three months. Buyers working with an agent should get clarity upfront on how their agent will be compensated, as they'll need to approve that compensation structure in writing after the changes. Sellers should consider if there will be a slowdown in the real estate market as buyers and their agents sort out the compensation changes. Both buyers and sellers should prepare for potentially more drawn-out negotiation processes over commission amounts once buyers see the new disclosures stating commissions are fully negotiable.


 

Jeffery Williams  Associate Broker

Hodnett Cooper Real Estate, Inc.

520 Ocean Blvd, St. Simons Island, GA 31522

Ofc: 912-291-3428

https://jefferywilliams.hodnettcooperrealestate.com/

https://linktr.ee/jeff_williams_realtor



Designations & Specialties

Resort & Second Homes Market Specialist®

Military Relocation Professional®

rCertified® Relocation Specialist

eCertified® The Next Generation

Brookfield GRS Broker Certification

Certified Red Book Contracts Specialist®

BHHS eTeam Member

BHHS Spanish Speaking Team

Verified Rocket Homes® Agent

Comments

Popular posts from this blog

Christmas Creek Entrance

UPDATE: 10-25-13 The Christmas Creek entrance this year is to the North of the creek mouth.  As you go South along Cumberland Beach you'll see the shoaling a few hundred yards East of the mouth of the creek.  Enter Christmas Creek between the shoaling and the beach as you go South.  As you enter the entrance between the shoals and the beach, look for your hard right turn to go directly into the creek mouth.  Best to try at least an hour after low tide for that area.  If you plan on coming out after high tide, best to be at the mouth no later than 4 1/2 hours after high tide unless your boat draws less than a foot like flats boats and Carolina Skifs.  I like to go in about an hour after low tide and fish through the rising tide and then make my way out.   I made this update because this Blog post is one of my top posts which I wouldn't have know when I originally wrote it. Christmas Creek has some of the best fishing around and if you are new to it or would like to try

How to catch Blue Crabs on St. Simons Island

I know I love to eat our local blue crabs and if you do too, then here is an excellent video from Capt. Mark Noble.  Mark has been a long time friend of mine and he grew up on St. Simons Island.  There are many ways to catch blue crabs and in this video Mark can show you how he does it.  You don't need a boat either - I've caught some beautiful stone crabs with a crab net right off one of the many docks that surround the area.  Many times, I'll hang a crab net off the back of my boat while I'm fishing and catch plenty.  So a crab net off the St. Simons Pier or one or two of the crab baskets in this video and you can have yourself a big time. Here's Mark's website - he is one of the top charter captains around so check him out if you'd like to take a Golden Isles fishing charter.  http://www.georgiafishing.net I shot the video and edited this for Mark and as my reward, he let me take the crabs home for a terrific family crab boil!  

My Real Estate Philosophy when working with clients.

A relationship that lasts a lifetime. So what sets me apart and why should you work with me?   I want to make your real estate experience, whether it is buying a home or selling your current home, a great one that you'll always remember.   For me, it's a relationship that lasts a lifetime. I enjoy utilizing current and emerging technology tools that are leaving many real estate agents trailing behind.   Technological developments in recent years have changed nearly every industry, and real estate is no exception.  Social Media, Video Presentation, Transaction Management Platforms and Data Driven Insights are all tools I use to impact property buying, selling and investing. When you hire me as your Realtor, I want you to know you are not simply a transaction to me.   I understand this can be one of the largest investment you’ll make and it can be a stressful time.   I work to bring that stress level down and I also try to help you remember this is an awesome time in your life.