Impact on Sellers

For sellers in Phoenix, the NAR settlement requires a new level of transparency in how you list your home:

• Mandatory Commission Disclosure: When listing your home, you must clearly disclose the commission you’re offering to buyer agents. This information will be visible to potential buyers from the start, which could affect their interest and offer decisions.
• Impact on Negotiations: With buyers now more informed about commission costs, they may try to negotiate these fees as part of the overall transaction. You’ll need to be prepared for these discussions and work closely with your real estate agent to ensure you’re getting the best deal possible.
• Marketing Considerations: The way you market your home might need to be adjusted to reflect these new transparency requirements. Clear communication about commissions can help attract serious buyers who appreciate upfront honesty.

Why it Matters:

• • Stay Competitive: In a competitive market like North Phoenix, where commission transparency is now mandatory, adjusting your strategy is key to securing the best price for your home.
  • Expert Advice: A seasoned real estate agent can help you navigate these new rules, ensuring that your listing stands out and appeals to qualified buyers.
  • Smooth Transactions: Working with a real estate agent can streamline the selling process, from setting the right price to negotiating with informed buyers.

“Home sellers who use a real estate agent typically sell their homes for 6-10% more than those who sell without one.”

Contact us today at Tim@swhres.com, call us at 602-805-7787, or visit our website at www.WhatIsOnYourHorizon.com to start your journey.