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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

But the New Hampshire Association of Realtors and Prime MLS had already introduced the changes, including mandatory buyer representation agreements and no offers of cooperative compensation on the MLS, about three weeks prior. I grew up in an 1850s farmhouse and was not going to skip an inspection or an appraisal contingency.

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9 tips for homebuyers in non-disclosure states

Housing Wire

Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial. It’s worth noting that some types of sales won’t appear in MLS listings, such as private sales, including FSBO (for sale by owner), or a sale transacted by an agent who is not registered with the MLS.

MLS 488
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Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’

Housing Wire

Like with the amount of earnest money deposit or including an inspection contingency, the amount the buyer is asking the seller to pay her agent is a term that impacts the strength of the offer,” Redfin chief economist Daryl Fairweather said in a statement. “We’ve We’ve found a tale of two markets,” Fairweather said.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Showings: Explain how you, as the agent, will find and send properties through MLS searches and set expectations for how you will conduct property tours. Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Stay organized to avoid any last-minute surprises.

Closing 228
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Also top of the list, agents are marketers. Buyer’s agent : The buyer’s agent represents the buyer.

Agents 448
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Inventory of existing homes hits highest level since early in the pandemic

Housing Wire

More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” “We’re seeing a slow shift from a seller’s market to a buyer’s market,” NAR chief economist Lawrence Yun said in a statement. The yearly regional trends don’t differ much from the national one.

Sales 508
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Bummer! Existing-home sales flop, but relief could be on the way

Housing Wire

“While well-priced homes will still attract a lot of buyers, sellers need to be prepared to negotiate not only on price, but also on concessions, including home inspection and appraisal contingencies, and closing cost assistance,” Bright MLS chief economist Lisa Sturtevant said in a statement.

Sales 459