Remove Marketing Remove MLS Remove Sales Remove Seller concession
article thumbnail

Survey Finds Seller Concessions Are Making a Comeback in Some Markets

RIS Media

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint.

article thumbnail

‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.” While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing.

article thumbnail

Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood.

article thumbnail

What are the Pros and Cons of Flat Fee Real Estate Brokers?

HomeLight

After all, commissions are typically the seller’s responsibility. You’re wondering if there’s any way to save money on your sale, perhaps by using a flat fee broker. While sellers can save money on that side of the transaction, he cautions that they’re still paying the buyer’s agent commission of 2%-3% at closing.

MLS 96
article thumbnail

Opinion: In a digital world, do real estate agents serve a purpose?

Housing Wire

The centerpiece of this concept is the belief that sellers have the time and the money and are willing to spend the requisite amount of both to market their property effectively. Complete market exposure would involve about 25 more sites. We all love the MLS now, but exactly how does the information get into the MLS?

article thumbnail

How Much Does It Cost to Sell a House?

Redfin

The average cost of selling a home in the US is approximately 10 – 15 percent of your home’s sale price. The housing market can vary day-to-day due to local factors such as supply and demand in your area and larger macro-economic factors such as how the U.S. How much can I sell my house for? . economy is doing. Home repairs.