Tag : Seller Concessions

Buyer-agent agreements and buyer-agent compensation in real estate transactions promoting transparency and clarity.

Update on NAR Settlement

It’s official. The U.S. District Court for the Western District of Missouri granted final approval to the National Association of REALTORS® (NAR) settlement, despite objections from the Department of Justice (DOJ). This article explains how these changes will affect buyers and sellers moving forward and provides clarity to help you confidently navigate the evolving real estate landscape. Key Changes from the NAR Settlement in Real Estate Written Buyer Agreements Buyers are now required to sign written agreements when working with […]

A person celebrating with colorful confetti, symbolizing the excitement and opportunity of low mortgage rates in Arizona, with others joining the festive mood.

Mortgage Rates Hit Lowest Point Since 2022: Why Now Is the Time to Buy or Refinance

If you’ve been waiting for a sign that it’s the right time to buy a home or refinance, here it is! Mortgage rates have just dropped to their lowest levels since Q2 of 2022, and this is an incredible opportunity for buyers and homeowners alike. Whether you’re looking to buy your first home or lower your monthly payments through refinancing, these rates could be the key to unlocking your financial goals. Understanding the Rate Drop After months of fluctuating interest […]

Buying / Featured / Market / Selling

Real estate professional signing documents with a scale and a small house model on the table.

Navigating the New NAR Settlement Changes: What You Need to Know Starting August 17, 2024

A note from the Team Leader, Erica… As of today, August 17, 2024, significant changes resulting from the National Association of Realtors (NAR) settlement will officially take effect across the nation, aimed at bringing greater transparency and fairness to the real estate industry. However, if you’re in Arizona, you’re already a few steps ahead. Our local MLS and the Scottsdale Realtor Association have been proactive in implementing these changes since the beginning of August. This early adoption has allowed us […]

Buying / Featured / Homeownership Advice / Market / Selling

A person's hands holding a smartphone with a mortgage details app on the screen, with a laptop and financial charts in the background.

Exploring Home Financing Options in 2024: Making the Right Choice

A note from the team leader, Erica… In the ever-evolving landscape of real estate, it’s crucial to stay informed about the various financing options available for homebuyers in 2024. Whether you’re a seasoned homeowner or a first-time buyer, understanding your choices can make a significant difference in your home purchasing journey. In this article, I’ll discuss an array of home financing pathways highlighting their pros and cons. Let’s get started! Conventional Financing: The 5% Down Dilemma Conventional financing remains a […]

Buying