thelebogroup | The Real Estate Nightmare: Buying a Home Just Got Worse 😱🏡 @leboknows | Uploaded August 2024 | Updated October 2024, 1 hour ago.
The real estate market is undergoing significant changes that will affect both buyers and sellers, starting nationally on August 17th. The most notable shift involves the way commissions are handled. Previously, sellers would typically cover the buyer’s agent's commission, but under the new rules, sellers will only negotiate and pay their own agent’s fees. Buyers will now need to cover their agent’s commission, potentially increasing out-of-pocket costs. This change is likely to benefit wealthier buyers and corporate investors, while making it more challenging for lower-income buyers, veterans, and first-time homebuyers to afford representation. As the industry adapts, expect increased volatility and potential legal disputes, particularly as buyers navigate these new financial responsibilities.
For All Your Home Buying & Selling Needs:
BRYAN LEBO
702-257-LEBO
bryan@lebogroup.com
lebogroup.com
The real estate market is undergoing significant changes that will affect both buyers and sellers, starting nationally on August 17th. The most notable shift involves the way commissions are handled. Previously, sellers would typically cover the buyer’s agent's commission, but under the new rules, sellers will only negotiate and pay their own agent’s fees. Buyers will now need to cover their agent’s commission, potentially increasing out-of-pocket costs. This change is likely to benefit wealthier buyers and corporate investors, while making it more challenging for lower-income buyers, veterans, and first-time homebuyers to afford representation. As the industry adapts, expect increased volatility and potential legal disputes, particularly as buyers navigate these new financial responsibilities.
For All Your Home Buying & Selling Needs:
BRYAN LEBO
702-257-LEBO
bryan@lebogroup.com
lebogroup.com
