Ouvina Varela Team - Real Estate Miami’s Post

The recent $418 million settlement announced by the National Association of Realtors is set to bring about significant changes in the American real estate market. This groundbreaking decision will not only drive down costs for homebuyers, but also shake up the traditional commission structure and potentially push some brokers out of business. The long-standing practice of offering a standard 6% commission to buyer's agents will no longer be required, and buyers will have to sign an explicit agreement with a broker before working with them. While this may cause some uncertainty in the market initially, it is expected to ultimately benefit consumers by reducing fees and bringing them more in line with international standards. However, there may also be some challenges for buyers with limited resources navigating the negotiation process. Despite some concerns from brokers and agents, this settlement marks a significant step towards modernizing the real estate industry and empowering buyers to make informed decisions. Now more than ever, you need a trusted advisor to Navigate the waters. Contact Jim Pollet The Mortgage Pro today and let me help you get pre-approved for a loan so you know exactly where you stand, and sellers can be assured of not only your seriousness, but in your ability to stand behind your offer.

🏡💭 Thinking about buying a home but waiting for interest rates to drop? Here’s something to consider: When rates drop, more buyers enter the market, increasing competition and driving up home prices. 🏠📈 Don't let waiting cost you more! Let's chat about why NOW might be the perfect time to buy. Amerisbank.com/rondraluck #HomeBuying #MortgageTips #HousingMarket

🚨 Attention Home Buyers! 🚨 The new NAR settlement introduces several key updates that could impact your home buying experience: 1️⃣ Direct Agent Fees: You might now be responsible for paying your agent's fees directly, which could affect your budget and the overall cost of buying a home. 2️⃣ Buyer Agent Compensation in Offers: Buyer Agent compensation may now be requested as part of the offer, adding a new layer to negotiations. Be prepared for changes in how offers are presented and negotiated. 3️⃣ Unrepresented Buyers: Some buyers might choose to go without an agent to save money, which could alter market dynamics and increase risks. 4️⃣ Loan Approval Adjustments: Expect lenders to require proof of additional funds to cover agent fees, potentially impacting your loan approval and purchasing power. Stay informed and consult with a professional to navigate these changes effectively. For personalized assistance, contact me! 📲 Renee Thomas, Coldwell Banker Realty: 954-326-2991 📧 renee.thomas@floridamoves.com #BuyerTips #HomeBuying #NARSettlement #RealEstateUpdate #HousingMarket #HomeBuyers #RealEstateAdvice #SouthFloridaHomes #BrowardCounty #FortLauderdaleRealEstate #SouthFloridaRealtor #BrowardCounty #FortLauderdale #MiamiDade #PalmBeach #SouthFloridaLiving #RealEstateExpert #NegotiationTips

#HomeBuying One of the most important steps in the home buying process is acquiring a pre-approval from a lender. A pre-approval letter shows that a lender is likely to provide a loan for a specific amount given your credit history, income, debt and other variables. This helps you stay focussed on a home search that is within your budget and strengthens your position when negotiating on offer to purchase in today's competitive market. Witalisz & Associates Real Estate works alongside some of the best local lenders and mortgage companies around. If you would like more information on the home buying process, please call a Witalisz Realtor today for a consultation. (413) 568-0005 #HomeBuying #Witalisz #Pre-Approval (Photo Source: TeamSadler)

https://lnkd.in/gX5ipf73 might surprise you who actually sets home value in the real estate market. It may not be who you think. Factors in Home ValuesIn real estate, the value of a home is ultimately determined by the buyers in the market, not the sellers or the real estate agents. #Buyers #HomeValue #RealEstateAgents #sellers #WhoDetermines

Closing costs are the fees you and the seller pay to service providers involved in the home-buying process. Typically ranging from 2% to 5% of the home's purchase price, these can include attorney fees, property appraisals, and mortgage fees. 🎯 Want to navigate these costs with ease? Connect with your Madison Agent today and let us help you understand and manage every step of your home-buying journey. #michellesells5280 #MortgageRates #HomeBuying #MarketUpdate #HighlandsRanch #ColoradoLiving #HomeSweetHome #HomeTrends #RealEstate #DreamHome #LoneTreeCO #ColoradoHomes #highlandsranchcolorado #coloradohomesforsale #littletonhomes #whatsmyhomeworth #denver #sellingyourhome #sellwithme #buyyourhomewithme #HomeBuyingTips #RealEstateAdvice #SmartHomeBuying #ClosingCosts #HomeBuying #RealEstateTips #RealEstateTrends #MadisonProps

https://lnkd.in/gX5ipf73 might surprise you who actually sets home value in the real estate market. It may not be who you think. Factors in Home ValuesIn real estate, the value of a home is ultimately determined by the buyers in the market, not the sellers or the real estate agents. #WhoDetermines #HomeValue #RealEstateAgents #Buyers #sellers

Looking to buy or sell a home? Here are some tips to help you navigate the real estate market like a pro! 🏘️🔑💸 1.Research the market trends in your area to understand pricing and demand.  2.Work with a reputable real estate agent who can guide you through the process.  3.Get pre-approved for a mortgage to show sellers you're serious about buying.  4.Stage your home to make it more appealing to potential buyers. 5.Be prepared to negotiate and don't be afraid to walk away if the deal isn't right. By following these tips, you'll be well-equipped to make informed decisions and achieve success in the real estate market! Good luck! Yvonne "Jett" McFadden Realtor Advisor SA035043000 (480) 628-2619 https://lnkd.in/gpg_E66i #homebuying #homeselling #realestateinvesting

https://lnkd.in/g3HKuqCM might surprise you who actually sets home value in the real estate market. It may not be who you think. Factors in Home ValuesIn real estate, the value of a home is ultimately determined by the buyers in the market, not the sellers or the real estate agents. #Buyers #HomeValue #RealEstateAgents #sellers #WhoDetermines

Home Buyers are Savvy Today - Something is ONLY Worth what Someone is Willing to Pay for It Today’s buyers are savvy, and when they aren’t willing to pay a premium for a home because their budgets are strained by higher mortgage rates and affordability concerns, sellers need to adjust. And that’s what’s happening right now. To learn more, take a listen to this Short Video, Part TWO of this 4-Part Miniseries If you're trying to cut through all the noise, let's connect. I follow both the national and Chicagoland Real Estate markets so that you can make more informed decisions. My name is Rick Batista, your Friendly Neighborhood Realtor, and I'm here to help you find peace of mind with your next move. Let's talk. Rick Batista | 773-805-5663 Designated Managing Broker, Owner JJ Nate Real Estate & Mgmt YOUR LISTING AGENT SPECIALISTS SELLING | BUYING | LEASING Serving Chicago & da 'burbs Se Habla Español #SavvyBuyers #PriceAdjustments #MarketTrends #HomeSellingTips #RealEstateInsight #BuyerBehavior #HousingMarket2024 #ChicagoRealEstate #PricingStrategy #MarketUpdate2024 #ChicagoSellers #ChicagoHomes #MarketExpert MIke Simonsen