Scott Kogos’ Post

Transcript

Hi everyone. It's Scott Coggins from Elgin Forbes Global Properties. A few weeks ago I discussed some of the changes happening in the real estate market. On August 17th, there are two new changes coming. The first, commissions are being removed from the listing information. The second, the Buyers Commission Agreement, goes into effect. The purpose? To make commissions more transparent. Now, it will be required for all real estate agents working with the buyer to have presented the buyer Commission agreement before taking in the receipt property. Keep in mind in Manhattan over 90 percentage of transactions are done to agents, the listing agent and a buy side age. There is such a tremendous value in working with Right Firsy, especially when navigating the complex the UFC real estate market. A buyers agent plays such a significant role facilitating these successful real estate transaction. I want to offer caution when meeting the national news. Now, did you know that Manhattan's average price is almost nine times that of the countries? Are you aware of that 70% of resales are co-ops, each having their own distinctive requirements and also here you have to use an attorney? Just to navigate and close the deal by having a dedicated buyers agent by your side, you can benefit from their negotiation skills, market insights, maybe access to off market listings, help you streamline your search process and make sure that you're aligned with your preferences, wants and needs and find you the best opportunity that fits what you're looking for. But that place to call home? We're problem solvers, we're investigators, and I know we truly care. Helping you find your next home. Now you've always had the ability to work with the buyers agent, so nothing's changed. Revenue, the Real Estate Board of New York says that you as a buyer have right to have your own representation. Now let's think about this. You're going to choose murder. Would you go into court on the trial and represent yourself? Probably not. You probably go higher. The best defense attorney on there, it's the same thing. So if you want to know more information. Please reach out to scottkogas@elegan.com for scottkogasteam@elegant.com and one of us would be happy to meet with you. Hop on a Zoom call and just talk it through. And if you're considering jumping in the market, I'm telling you right now the water is warming. Should be jumping in. So with that said, I always say love where you live because I do and best Chelsea with that view. So give us a call so you can experience the difference. Make it a great day and I look forward to seeing you soon. Bye.