Sellers

The NAR settlement is now in effect nationwide and introduces major changes to the residential real estate industry. Key impacts include the prohibition of listing any agent or broker commissions on the MLS, requiring direct negotiation between buyers and sellers representatives regarding such compensations. This is a stark contrast to how real estate transactions had been conducted for nearly a century.

Florida's condo market is in a crisis. We delve into the factors driving the upheaval, including soaring HOA fees, spiraling insurance premiums, and rising property taxes. Understand the broader implications for condo owners and potential buyers, and discover why market conditions are making condo sales increasingly challenging.

The recent NAR settlement brings transformative changes for sellers of real property by removing the obligation to compensate buyer's agents through MLS and allowing for more flexible, individualized commission negotiations. Set to take effect in mid-July 2024, these adjustments grant sellers greater control over their transaction costs and require a more strategic approach to property listings and sales.

In a landmark move, the National Association of REALTORS® (NAR) and plaintiffs have agreed to a tentative settlement aimed at resolving a series of lawsuits concerning the traditional structure of broker commissions. This agreement, expected to take effect in mid-July 2024, has piqued the interest of both industry insiders and the general public, as it represents a pivotal shift in the real estate sector.

The concept of seller financing isn't new but it has become a hot topic in rapidly growing and competitive real estate markets like ours in Southwest Florida. In the simplest terms, seller financing happens when the seller acts as a lender, extending credit to the buyer to cover a part or all the purchase price of the home.

Florida's Senate Bill 264, the "Interests of Foreign Countries" law, passed with overwhelming support. It restricts certain foreign individuals/entities from buying Florida properties, based on specified conditions. It bars foreign principals from acquiring agricultural land or having significant indirect interests.

Choosing the right title company / closing agent is one of the best ways in which you can minimize your problems at the closing table. The closing agent is the person who coordinates all the transactional details of the closing and as such plays a crucial role in real estate transactions by ensuring the validity and security of property ownership.

Many consumers these days are turning to the Internet to replaced the critical importance of the working with an experienced Realtor with local knowledge. Online platforms such as Redfin, Zillow, and Trulia have made house hunting easier, but working with a Realtor remains crucial for a successful transaction.