Navigating the Impact of the Realtor Settlement on Home Sales
TL;DR
The National Association of Realtors' $418 million settlement could eliminate the standard 6% commission paid by sellers, potentially making it cheaper to sell homes post-settlement, but the uncertainty and potential financial burden for homebuyers may incentivize closing on a home sooner rather than later. While waiting to list a home until after the settlement is finalized could allow for negotiating lower agent commissions, the value provided by an agent should still be a major consideration in the timing of selling a home.
Topics:businessreal-estate#commission-fees#home-selling#real-estate#real-estate-market#realtor-settlement#timing
- Should you sell your home now or wait for the Realtor settlement this summer? CNN
- What Does the Real Estate Shake-Up Mean for New Yorkers? The New York Times
- Consumer advocates, realtors hail NAR settlement: What it means for buyers and sellers NBC News
- Will the Realtor commission settlement make it harder for veterans to buy homes? Yahoo Finance
- How the real estate settlement changes buying and selling a home NPR
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