Selling your home?

Selling a home can be intimidating - Here are some key strategies to consider with the new rules that are in effect:

1. Seller's agent commissions have always been negotiable.  Agents and agencies that do more to market your home and find the right buyer quickly, typically charge a higher commission rate than others.   When comparing agents and their commissions, make sure you understand "what's included" in their services and whether their services will help you sell your home quickly and at the price you want. For more information on what I do for my clients - click here.

2. Strongly consider offering an offer of compensation to the buyer's broker.  This will open your market up to more buyers and reduce negotiations that may require you to offer concessions later on.  Simply put, some buyers may not be willing to compensate their buyer's agent - but a buyer's agent should not work for free. Keep in mind, as of August 17, before an agent shows a home that is listed on an MLS, a buyer will need to sign a Buyer Broker Agreement with that agent.  Yes, the buyer can contact the seller's agent directly -but the buyer will have to handle the entire buying process on their own - and possibly hire a attorney.  The buyer can ask the seller's agent to represent them. Personally, I act as a single agent for my sellers and would rather not change my relationship to a transaction broker (click here to see the difference) -do you really want that?

Buying a home?

Buying a home is a multi-step process - Here are some things to consider with the new rules that are in effect:

1. Before an agent shows you a home that is listed on an MLS, you will need to sign a representation agreement with that agent.  Yes, you can contact the seller's agent directly -but then you will have to handle the entire buying process on your own - and possibly hire a attorney, unless you ask the seller's agent to represent you and the seller both.  This means your representation would b a transaction broker. Personally, I act as single agent to my buyers and the relationship then change to a transaction broker (click here to see the difference) - but do you really want that?

2. You have a choice on how to structure your agreement with your buyer's agent and you are able to negotiate buyer agent fees, just as a seller does. This fee may also be negotiated as part of any offer your make on a home to ask the seller to cover the cost.

Learn how I work with my buyers here.