Your Richmond Home - Everything Real Estate

In less than a month, the real state industry will begin implementing the changes mandated by the NAR settlement.  If you're unsure about what this means for you, let's break it down. As a full-time Realtor since 1996, I've witnessed numerous changes in the industry, and we've always adapted successfully.  So, if you're a home buyer, here's what you need to know about the upcoming changes. THE CURRENT PROCESS Traditionally, many home buyers have seen ads claiming that buying a home was free because the seller paid the buyer agent's commission.  While this might have seemed true, the reality was more nuanced. When buying a house, you likely worked with a Realtor, who discussed your preferences, timeline and budget.  You probably signed a Buyer Agency Agreement, allowing the Realtor to accept the compensation that was listed in MLS.  After viewing potential homes, you'd make an offer, negotiate and proceed with inspections, loans, title searches and closin