| 
Hi everyone,
There's been a lot of buzz lately about the National Association of Realtors (NAR) settlement. Let's clear things up!
The Headlines: You might have seen sensationalized news about the settlement. Don't worry, NAR President Kevin Sears has a helpful video explaining the details:
https://www.nar.realtor/videos/kevin-sears-discussing-key-settlement-considerations-and-ongoing-advocacy-efforts-on-the-road
What's Changing: The settlement (pending court approval) will bring some adjustments:
Buyer Representation: Real estate agents will need written agreements with buyers outlining duties and compensation for the agent's broker (like Tierra Antigua in my case). This is already common in some states but may become national.
Compensation Disclosure: The Multiple Listing Service (MLS) won't show if a seller offers buyer agent compensation. Sellers can still offer it, but details won't be on the MLS. How this will work is still unclear.
Who's Protected: This settlement protects brokers with smaller sales volume (under $2 billion in 2022) from this and similar lawsuits. Tierra Antigua, Southern Arizona's largest local real estate company, wasn't involved in any lawsuits and will likely only need minor adjustments.
What's Next: I'll keep you updated on how this affects you as a buyer or seller, and how it impacts our work together.
If you have any immediate questions or concerns, please reach out to me at 520-977-0226.
Tucson Market Update.........
Year to date average sales price: $459,450
Year to date average days on the market: 75 days
As of April 15th active listings: 2157
As of April 15th under contract: 1641
From March 15th - April 15 sold listings: 1086
Sale to original list price ratio: 96.8%
There is a high demand for properties that are updated and on a desirable lot in the price range of 1 - 1.5 million.
If you or someone you know are thinking of selling please call me or share my name. Also, if you need help getting your home ready to sell and want to get the most out of your investment, please call me today for a consultation. As your Tucson Designer Realtor my team and I can help.
|
| 
Scan the QR code to set up your personalized home search and receive properties that match as soon as they come on the market. If you would like to see any properties please let me know and I will set up a private viewing for you.
Thank you for all your referrals and your support of my business. My success is because of you. Diane
| | | |
|
