New rules hit the housing market

Рет қаралды 17,677

Күн бұрын

Пікірлер: 48

@tatianastarcic 2 ай бұрын

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.

@TinaJames222 2 ай бұрын

Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

@nicolasbenson009 2 ай бұрын

I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too

@Vincent-j8u 2 ай бұрын

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

@nicolasbenson009 2 ай бұрын

Melissa Terri Swayne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

@sharonwinson-m8g 2 ай бұрын

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing.. I will write her an e-mail shortly.

@sasstewart1222 2 ай бұрын

we just sold our 3bd/2bth SFR house and it sold for asking in 4 weeks (CA) and we didn't have to pay the buyers agent fee. We weren't sure if we'd have to pay it as its a new ruling but we had alot of response to the house. I guess if the house wasn't desirable it may be a different story.

@waterbug1135 2 ай бұрын

Buyers have always paid all fees. Net amount seller gets is all they care about. Follow the money. Buyer offers $500k and demands seller pay their agent 3%. OK. Buyer comes to closing and puts $500k cash on the table. Escrow agent cuts out $15,000 and pushes it to buyer's agent and $485k to the seller. Who paid the buyer's agent? Or $485k is offered but buyer agrees to pay their agent $15,000. At closing the buyer puts $500k cash on the table. Escrow agent cuts out $15,000 and pushes it to buyer's agent and $485k to the seller. There's no difference. This is the same scam agents have been running forever. Lying to buyers "the seller will pay my fee". Buyer thinks the agent's services are free to them so they agree. It's the only way agents could get people to hand over a huge amount of money for almost no service.

@kenchu5900 2 ай бұрын

So you just paid 3% to the seller agent?

@kandismueller830 2 ай бұрын

We just sold our home. Nothing has changed. If you don't agree to pay the buyer's agent, they will not bring buyers. The stupid NAR settlement punishes buyers, sellers and agents!

@waterbug1135 2 ай бұрын

The NAR suit was another attempt to stop the agent scam of telling buyers "seller will pay". Buyers always pay. There have been several attempts in the past to stop this fraud and there will be more. It's a slow process. NAR spends millions on lobbyists to keep their scam going. The suit lost means they have less to spend on lobbyists, That may allow for stricter laws to stop the scam. Yeah, it wasn't an instant win. But people are trying to stop the scam.

@robertroy6094 2 ай бұрын

I was black listed because I refuse to pay buyers agent fee. My home is now unsellable.

@waterbug1135 2 ай бұрын

Buyers are NOT required to sign an agent contract. Buyers can go directly to sellers or the seller's agent to buy a home. This video is trying to scare buyers into paying them a lot of money.

@Shannon_Stamm 2 ай бұрын

They still have to sign an agreement with the listing agent.

@kor3aynexecutioner 2 ай бұрын

No way would I pay for buyer's agent fee when I am selling. GTFO

@Dee-w5y Ай бұрын

Home values will continue to decline for over a decade. Hehehehe

@kylecaudill9261 2 ай бұрын

10-15% of my market has had price drops and the length of time houses has increased since the changes from the settlement have been implemented. A good rule of thumb is that if its on the news, be suspicious. Either it isnt true or they want something to come of it.

@vietdo1865 2 ай бұрын

Real estate agents are as useful as travel agents.

@destroystreets1023 2 ай бұрын

then dont use one lol, youve never had to in the past

@vietdo1865 2 ай бұрын

@destroystreets1023 I do own a house and didn't use one

@Shannon_Stamm 2 ай бұрын

@@vietdo1865 If you didn't use a real estate agent, how do you know they are "as useful as travel agents,'? You probably got screwed over on your house and don't know it.

@vietdo1865 2 ай бұрын

@@Shannon_Stamm maybe I did maybe I didn't. But it's been 10 years and never had a problem. House inspector checked it out before I bought it. Lawyer check the paper work. I found the house online myself.

@Amber1985-i8y 2 ай бұрын

This lady doesn't understand what she is talking about. It absolutely impacts supply and demand. Buyers now are weighing properties' list price plus commission. Although the fees are not in the MLS, they are still able to be part of the marketing of the seller. For those that are not choosing to disclose what they are paying out, their price to a buyer is list price plus commission while those that do choose to disclose will be a better deal for the buyer for several reasons. It also prices some buyers out of the market or at least those specific properties, which has an obvious direct impact on demand. The only thing that really changed, is sellers and listing agents, no longer control the amount the buyer agent gets paid, just how much of a value proposition they want to provide to a buyer as they compare their home to others on the market This will become more obvious in a neutral or buyers market. Sellers still pay it, they just don't realize it is in the price.

@gmeztubenation 2 ай бұрын

What will change us people won’t have to hire buyers agents

@Amber1985-i8y 2 ай бұрын

@@gmeztubenation They never did before, that has always been an option. The reason buyer agency even became a thing is buyers were being taken advantage of by sellers and professional real estate brokers. You can choose that option, just like you could before. The biggest difference now is you have to pay for representation and you will likely pay for it one way or the other. To each their own, but trust me, a buyer not represented, the listing agent holds no obligation to work in your interest, quite in fact the opposite, they will likely take advantage of it, and as a fiduciary to the seller, they will be in the right.

@destroystreets1023 2 ай бұрын

@@gmeztubenation you never had to lol just send the offer yourself......

@waterbug1135 2 ай бұрын

Sellers have never once in the history of the world ever paid for any agent fee or other closing costs. The only person putting money into escrow is the buyer. Sellers accept offers based on the net they will get at close. Follow the money... At close buyer puts $500k on the table. Escrow agent cuts out $15,000 and pushes it over to buyer's agent. Who paid the buyer's agent? Obviously the buyer did. The exact same thing happen whether the purchase contract states "seller pays" or "buyer pays". If "buyer pays" the contract says the accepted offer is $485k. If "seller pays" the contract says the accepted offer is $500k and $15k goes to agent. The only difference are a couple words in the contract. But the actual cash movement is exactly the same either way. This has always been the scam agents use to trick buyers into handing over a huge pile of money. It's nonsense. Same with "I'll get seller to pay the closing costs." Even the listing agent's fee is paid by the buyer. Don't believe it? Investors have known this forever. You want $500k for your house and you expect 3% will go to your listing agent and 3% to a buyer's agent, so you expect to net $470k. Before signing with a listing agent I knock on your door and offer you $470k cash with no agent fees so you net the $470k you wanted. I saved myself from having to pay a listing agent. The scam is the "offer price". Many sellers love to see a big number at the top of a contract. They tell friends and family they sold for that big number. It's silly. The rest of the contract then reduces that amount. Net matter. Same scam some restaurants run. Price on menu is $15 and then down at the bottom in small print "15% gratuity will be added". Actual cost of the item is $17.25. They could have just stated that on the menu, but want to trick you into thinking it's cheaper.

@Amber1985-i8y Ай бұрын

@@waterbug1135 You have been sold the lie they tried to get the ignorant to sell this whole NAR thing. The idea that the value is the bag of money is nonsense, it's the asset the seller holds that someone wants. Anyone who understands wealth creation understands this. Even if you continue to believe the ridiculous story people are telling you, you just need to understand basic supply and demand concepts to understand that this absolutely impacts demand. If a seller is willing to pay a commission, their list price is what is advertised. A seller is unwilling to pay it, the list price is the list price plus whatever commission the buyer has to come up with. That could be $5k, $10k, $15k more than the other two homes willing to pay. It's now a value proposition. The commission is basically part of the price now. The only thing that changed, is buyer agents are guaranteed to get paid before they even get in their car regardless of who pays it and sellers and listing agents have no control over how much. The only thing they have control over is what kind of value they are providing to buyers vs the other homes they are competing with and now the new variable is whether they pay the commission. That is why they now have forms that stipulate if the seller is paying the buyer broker commission, absent of that, the buyer is paying for it. If the buyer doesn't have the additional amount alongside the down payment plus other closing costs, that seller just lost a buyer. So you are incorrect in your viewpoint but even if you were correct it still doesn't change the fact it does impact buyer demand.