Found 2 blog entries tagged as sellers.

What Buyers and Sellers in the Washington, DC Area Need to Know About Lower Interest Rates

If you’re planning to buy or sell a home in the Washington, DC area, the talk of rates finally coming down might have you feeling a sense of relief. And with good reason—interest rates have a big impact on everything from your monthly mortgage payment to how quickly your home sells. A couple years ago, consumers thought 4% was high for an interest rate. We capped out at over 8% in the last 12 months but there is something to be hopeful for. Interest rates have come down nearly a full point in the last month and the Federal Reserve has mentioned about lowering it even more. This all sounds great, but you are likely wondering what this means. I'm going to break it…

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The real estate market has always been a dynamic environment, constantly influenced by economic conditions, consumer behaviors, and regulatory changes. Now, there is an added wrinkle in the aftermath of National Association of Realtors (NAR) settlement that stemmed from the Sitzer-Burnett verdict. How buyer's agents get paid has changed as of August 17th, 2024. These changes, aimed at increasing transparency and fairness, could significantly impact both home buyers and sellers. Let’s dive into what these changes entail and how they might affect your next real estate transaction.

What are the NAR Commission Changes?

Historically, in most real estate transactions, the seller has been responsible for paying the commission for both their own agent and…

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