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With the NAR changes regarding payment, would it be wise to wait until July to sell a house?
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Just guessing here, but I think it depends on location. Somewhere like DC, then sure. Wait because you could pay less in commissions and leave yourself more room to negotiate without affecting your bottom line.
We're about to sell our second home in a different area and the realtors will absolutely blackball any house that doesn't offer decent buyer side commission. It's illegal but I have no doubt they'll do it anyway. |
| How does a realtor blackball a house in a world where everyone is finding listings on redfin and zillow? |
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Realtors won't blackball anything. As is proper, before showing the home, they will inform their client that for that particular listing they would have to cover the buyer agent fee out of their own pocket or through closing cost concessions from the seller.
If enough homes don't offer any buyer agent fee, buyers may decide that they would rather go it alone and forego representation. The market will decide in this case - there will be a transition period where this will all shake out and the demand/supply will find equilibrium. July/August will likely be all over the place as sellers and agents try to figure out how to work with the new rules. Personally, I would list no later than early May OR wait until early September. July is usually slow anyways. |