🚨Big Changes to the Home Buying & Selling Process in 2024 | Important Updates for Buyers & Sellers 🏡

🚨 Big Changes to the Home Buying & Selling Process in 2024 | Important Updates for Buyers & Sellers 🏡

Timestamps:
0:05 ⏰ Introduction
0:38 📋 Overview of the New Rules
1:21 🛒 Key Changes for Buyers
2:40 🏠 Key Changes for Sellers
2:53 📈 How the Market May React

Hi everyone, it’s Jack Ma with Century 21 Masters. If you’re in the real estate market or planning to buy or sell in the near future, this video is a must-watch. 🎥 Major changes are coming to the home buying and selling process starting August 17, 2024, due to a recent settlement involving the National Association of Realtors (NAR). These changes will directly impact how real estate commissions work for both buyers and sellers. 💼💰

In this video, I explain the most significant change—buyers and sellers will now be responsible for compensating their own agents directly. 💸 I also discuss how these new rules will influence negotiations during the offer process and what to expect if you’re a buyer without an agent. 📝

I believe these changes will bring more transparency, clarity, and improved service for everyone involved in real estate transactions. 🌟 If you’re curious about what this means for you as a buyer or seller, make sure to watch this video! 👀

Don’t forget to like, comment, and subscribe for more real estate updates, tips, and market insights. 👍💬🔔

Keywords:
real estate updates 2024, NAR settlement 2024, home buying process changes, real estate commission rules, real estate market trends, buyer agent commission, seller agent commission, San Gabriel Valley real estate, North Orange County real estate, Southern California real estate

The decision to buy or sell a home shouldn’t be made lightly. Here at Jack Ma Real Estate Group, we want to help make that decision easier by providing you with relevant, educational information about Los Angeles and Orange County real estate market right here on our YouTube channel. Whether you’re looking for helpful tips about buying a home, selling a home, or the latest market statistics, we’re here to bring that information together all in one place. We have a passion for helping homebuyers and home sellers achieve their goals and we’d love to talk to you about how we might help you achieve yours. If you have any real estate-related questions for us, don’t hesitate to reach out to us via phone or email today.