Are people waiting til July to list their homes?

[Anonymous]

My buyers agent did more harm than good. Literally every decision she recommended worked out to my disadvantage. I would have been MUCH better off paying a lawyer to represent me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:im waiting until fall to sell in NW bc of NAR settlement.

I spoke to a realtor who said nothing is really going to change. If you don’t offer a commission to the buyers realtor then people will pass over your house like agents push them to pass over fsbo. You’ll pay the commission anyway either way.

Nonsense. Then they will get sued. Also, you, the seller, can get caught up in that litigation. The world has changed for the lazy realtors - sorry!

Sued- on what grounds?

Realtors are natural parasites - they will evolve and find way to survive. I thought the internet would have put a dent into their pocket but here we are still getting f&&ked by them.

[Anonymous]

The good thing is that realtors are dumb, which is why they are realtors to begin with. They openly discuss their contemplated illegal conduct in response to NAR settlement on social media. And you can only imagine the texts flying back and forth about it on a more granular level. Buyers agents who steer away from sellers now unwilling to be shaken down and listing agents colluding with buyer's agents to shakedown sellers are going to get sued. And that is a beautiful thing. Just to force these unethical, petulant and delusional agents to spend money on lawyers is worth it. I personally wont hesitate to sue these clowns if they steer from my listing in fall. There is no participant in this economy that gets paid more for doing less than the realtor.

[Anonymous]

Anonymous wrote:My buyers agent did more harm than good. Literally every decision she recommended worked out to my disadvantage. I would have been MUCH better off paying a lawyer to represent me.

+1 This was our experience too. There's really no role for them. But we just checked the boxes to submit our own offers or the sellers agent did it for us. Then the settlement attorney does the rest once a contract is ratified.

What role does the real estate attorney have in reviewing the standard form and asking you which boxes to check?

[Anonymous]

We might be moving for a job relocation. Won’t know for a few more weeks, but if we do we are deciding between selling or renting out our home. I’m a bit nervous to rent out, but we have a very low interest rate that can’t be beat.

I think if you see something you like and can afford it, make an offer. I would have your head a final price. Don’t get emotionally attached.

You can usually change things like kitchens and bathrooms, but things like location and lit size you can’t change.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My buyers agent did more harm than good. Literally every decision she recommended worked out to my disadvantage. I would have been MUCH better off paying a lawyer to represent me.

+1 This was our experience too. There's really no role for them. But we just checked the boxes to submit our own offers or the sellers agent did it for us. Then the settlement attorney does the rest once a contract is ratified.

What role does the real estate attorney have in reviewing the standard form and asking you which boxes to check?

If you feel comfortable with all the options on the standard form, you definitely don't need an attorney to review it before you submit. But there are some things people may not have a full handle on, or aren't used to the nuances of each jurisdiction. I could see it being worth having a lawyer spend a couple of hours reviewing the listing and your info, discussing each option with you to make sure you understand it, and going over the form once more before submission. For a lot of people that's probably worth $750-1000. But yeah if it's not your first rodeo you don't necessarily need that.

[Anonymous]

We're all trapped by 2.75% mortgages. Not giving that up for nearly 8%. I'd love to move to a bigger house but staying put till rates drop to 5% or lower. If that ever happens, which it may not. Oh well.

[Anonymous]

Same, live in NW DC and would be interested in a larger house. But we just can’t give up the 2 percent mortgage….
Inventory will stay low and I would just keep an eye out for whatever pops up, whenever it pops up. People who have to move for job or family reasons may list their house. But for those who have a choice, it’s unlikely with interest rates the way they are.

[Anonymous]

I had a 2.5% mortgage from a refinance, but I was increasingly miserable in my house. Decided that life is too short to stay somewhere just for an interest rate. Am now selling and will rent (older widow, FWIW).

[Anonymous]

Anonymous wrote:

Anonymous wrote:im waiting until fall to sell in NW bc of NAR settlement.

I spoke to a realtor who said nothing is really going to change. If you don’t offer a commission to the buyers realtor then people will pass over your house like agents push them to pass over fsbo. You’ll pay the commission anyway either way.

It's our resident realtor, and he's lying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:im waiting until fall to sell in NW bc of NAR settlement.

I spoke to a realtor who said nothing is really going to change. If you don’t offer a commission to the buyers realtor then people will pass over your house like agents push them to pass over fsbo. You’ll pay the commission anyway either way.

Nonsense. Then they will get sued. Also, you, the seller, can get caught up in that litigation. The world has changed for the lazy realtors - sorry!

Multiple realtors are pushing this. They are phrasing it as the seller would put themselves at a disadvantage if they don’t offer compensation.

Of course they're pushing it. They're corrupt and acting in their own self interests. But a court of law found this to be price fixing. If nothing changes, then they remain in violation of the law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:im waiting until fall to sell in NW bc of NAR settlement.

I spoke to a realtor who said nothing is really going to change. If you don’t offer a commission to the buyers realtor then people will pass over your house like agents push them to pass over fsbo. You’ll pay the commission anyway either way.

How will the commission offer be made? The settlement explicitly prohibits providing any info about commissions on the MLS.

[Anonymous]

Anonymous wrote:The good thing is that realtors are dumb, which is why they are realtors to begin with. They openly discuss their contemplated illegal conduct in response to NAR settlement on social media. And you can only imagine the texts flying back and forth about it on a more granular level. Buyers agents who steer away from sellers now unwilling to be shaken down and listing agents colluding with buyer's agents to shakedown sellers are going to get sued. And that is a beautiful thing. Just to force these unethical, petulant and delusional agents to spend money on lawyers is worth it. I personally wont hesitate to sue these clowns if they steer from my listing in fall. There is no participant in this economy that gets paid more for doing less than the realtor.

+1. This is going to keep plaintiffs' lawyers busy for a while. Right now, the agents have been insulated because only the brokerages got sued. But just wait until individual agents start getting sued, and are faced with the reality that the law automatically provides for triple damages for antitrust violations. It's going to get really interesting.

[Anonymous]

Anonymous wrote:My buyers agent did more harm than good. Literally every decision she recommended worked out to my disadvantage. I would have been MUCH better off paying a lawyer to represent me.

Because lawyers are infallible?

[Anonymous]

I think all of this is partly the feds trying to tighten the economy...less agents showing houses, less bidding wars, maybe housing prices become stagnant or come down?? They may also feel like there are too many real estate agents, pushing the mediocre/weak agents out of the industry.