In the week BEFORE the new rules went into effect, there were 29 NSDCC listings that were marked pending. In the first week AFTER the new rules went into effect, there were 38 new pendings. Homes keep selling. Buyers and sellers keep moving, and Realtors keep helping....
This is a real possibility now: Bill Colson, who is preparing to sell his Maryland home next year and purchase a retirement home outside Blue Ridge, Georgia, believes the changes will create more costs. Colson, who is 57 years old and retired from the Navy, said a...
Whenever I have a buyer who loses out on a bidding war, I try to get them right back on the horse. Thankfully, there are several houses sitting around that aren't not selling in the $3 million range, so we made another offer yesterday. First, I went to the open house...
It's going to be tough on the newer agents going forward. The commission lawsuit stuff isn't the big concern. Sales are likely to keep dropping, and at the same time the better agents are picking up market share. There aren't enough sales to go around for every...
Here's why home buyers should be optimistic - as demand falls off, it will probably be a wide-open playing field for the rest of 2024! No seller is going to be dumping on price though, especially the sellers of the better homes that you want to buy. You gotta be able...
We were on a call yesterday with our referral network of Compass agents around the country, and Gregg in the DMV (D.C., Maryland, and Virginia) said they have been required to use the buyer-broker agreements for the last twenty years. Great - a test case. How has it...
The mainstream media outlets (WSJ and CNN) are highlighting the changes in realtor compensation one more time this week. They're not offering anything new because they can't find anyone who can predict what will happen, good or bad. A summary of my thoughts on the...
It's not really oceanfront with a 4-lane road in front, but it's close. You have the traffic-controlled crosswalk at the corner for easy access to the staircase down to the sand (that the City of Carlsbad is spending $14 million to repair and replace). It's close...
If you have sold a house since 2015 and some of the commission you paid went to the buyer's agent, you can file a claim here. Of the $730 million, the attorneys are taking around $300 million, and the estimated payout to claimants is expected to be roughly $13 each:...
This is the final week - it's go time! Beginning on Saturday, every realtor will need to have a written contract with their buyers to show them a house for sale. We have had months to prepare, so we'll see how receptive the buyers are to our presentations, and how...
