Buyer Compensation
• Office Halloween Happy Hour: Oct. 30th from 3-6 pm at Vito’s
• Food Truck Friday: Nov. 8th, starting at 11 am
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Real Estate Market Insights
• Current Market Activity: While the majority of buyers and sellers are waiting until after the election, over 5,000 homes were sold in Phoenix metro recently.
• Market Movement: Despite some agents saying nothing is happening, those who aren’t making moves will face challenges in the next 6 months.
• Be Prepared: Always be ready to guide clients, as progress often comes unexpectedly, even from difficult situations.
Seller and Buyer Strategies
• Starting the Conversation: When working with clients, always start by asking: Why are you buying or selling your home?
• Buyer Compensation Concerns: If a seller hesitates to offer buyer compensation, explain it’s not mandatory but 9/10 sellers do. Provide them with market insights to make an informed decision.
New Build vs. Resale Considerations
• New Build Hidden Costs: Though new build companies may offer no closing costs or lower interest rates, hidden fees can make the overall cost higher than resales.
Advisory Role:
• Negotiation: Emphasize the importance of negotiation, including reviewing earnest money (EM) amounts and ensuring the safety of client deposits.
• Incentives & Contingencies: Explore builder incentives and necessary contingencies for your clients.
• Contract Review: Walk clients through the contract review process and discuss key elements.
• Builder Research: Always research builders, their warranties, and reputations.
• Financing Options: Guide clients on available financing options, including comparisons between new builds and resales.