A new community in north central Phoenix is offering a Model Leaseback Opportunity. This small enclave of 17 luxury homes is located in a gated, exclusive area of central Phoenix just west of Central Avenue and Northern Avenue.
100 W Northern Ave Sale price $1,624,900 9 month term. $9,000 per month, with two 3 month options to renew.. Reach out to Rob or Val if you would like more info on this opportunity! |
Big changes are ahead for how buyers and their agents work together. If you’ve seen the news lately, you probably have read about the recent National Association of Realtors lawsuit and proposed settlement. The settlement will change the way buyers and sellers work with real estate agents, and we want to keep you fully informed about what this may mean for you, moving froward.
The proposed new NAR Commission Settlement has three main practical effects:
First, buyers agent fees will no longer be published in MLS,
Second, buyers who are working with buyers agents will need to sign a buyer broker agreement outlining what both parties expect for agent compensation. This generally will result in the buyer guaranteeing the agent commission where sellers decline to pay. This process must happen before buyers are shown houses, and it protects both the buyer and the agent by outlining duties and fiduciary responsibilities.
Third, buyers agents will need to negotiate directly with the listing agent any possible commission or concessions being offered by the seller.
Questions about this settlement tend to revolve around whether sellers should still offer to pay buyer’s agent commission or concessions. Many opinions have been floating around but what we still understand is that commission or concession offerings do help broaden the audience of a listing. The more people a listing is exposed to, the higher likelihood it will get sold nearer list price and in less time. We do still encourage our sellers to allow us to share commissions with buyers agents.
So what is a buyer’s motivation to work with the buyer’s agent?
Cinco de Mayo - Phoenix Festival Many restaurants celebrate Cinco de Mayo, but a great place to take in the experience is at the downtown Phoenix festival. Live music, great food, activities for kids and adults - it’s all there. Visit https://cincophx.com/ for more info.
Diamondbacks Baseball games are in full swing. Be sure to check out a game under the dome with the AC cranking. https://www.mlb.com/dbacks
Mother’s Day The weather is still amazing in May so get outside for a picnic at the Farm at South Mountain - https://thefarmatsouthmountain.com/best-mothers-day-picnic-phoenix-2024/
Or book a brunch cruise on Lake Pleasant: https://www.lakepleasantcruises.com/brunch-cruises
And you can’t go wrong with a special Mother’s Day tea service at the Phoenician Resort - tables book fast! https://www.thephoenician.com/dine/afternoon-tea/
Big changes are ahead for how buyers and their agents work together. If you’ve seen the news lately, you probably have read about the recent National Association of R… Read more
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