The NAR settlement is in the final stages of approval and will likely go into effect in the middle of July 2024.

It is not an understatement when I say that this change to how buyers agents are being compensated will introduce chaos into the real estate world until the systems in place adapt to this new reality.

BUYERS HIT HARDEST

These changes will leave Buyers having to directly pay their agents themselves. However, none of the current systems in place, including lending, are ready for this change. While it will lead to many more options for buyers in terms of representation, it also introduces risks to Buyers that they are likely not going to be aware of.

SELLERS MAY NOT BE OFF THE HOOK

While the new rules prevent Sellers from openly offering compensation to Buyers agents, there are methods that can be used for Sellers to contribute to "Closing Costs", which would then be used to compensate Buyers agents. Why would Sellers do this? The bottom line is that it will get their property more attention and also insure that their Buyer has representation that can protect the Seller for future litigation.

 

FASTEN YOUR SEATBELT

The bottom line is that we are about to see a complete upending of how the real estate market works and it will take at least a year for this work out. In the meantime, an already difficult market for buyers will become even more difficult to navigate.

 

——————————————————————————————————————————————————   🏡 💵 Get Your FREE Home Value Estimate! - https://www.soldbyrobert.com/sellers-services/property-value-report   ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/   ☕️ "Coffee And Real Estate" Live Events: https://www.facebook.com/whitelawre/live/   📰 Subscribe To The Monthly Newsletter: https://soldbyrobert.com/get-the-newsletter   🕵🏻‍♂️ Search For Homes For Sale: https://soldbyrobert.com/homes-for-sale-map-search   👓 Luxury Homes List: https://soldbyrobert.com/listing-report/Luxury-Homes/1371502   💵 Homes Priced Below Average: https://soldbyrobert.com/listing-report/Homes-Priced-Below-Average-In-Morgan-Hill-San-Martin-and-Gilroy/1281392 —————————————————————————————————————————————————— 📚 A case study in how I get better results than other real estate agents or brokerages: https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444 —————————————————————————————————————————————————— My goal is to share my insights and opinions relating to real estate so that you can make the best possible decisions in achieving your real estate dreams. If you are interested in buying, selling or investing anywhere in Silicon Valley, Morgan Hill, San Martin or Gilroy - I would love an opportunity to discuss with you what I can do to help you get the best outcome possible!

Things are looking rough for California residents in 2024. A nearly $100 billion dollar surplus has been turned into $73 billion (and growing) deficit.

Sadly, the solution from Sacramento seems to be doubling down on the policies that are causing many of these issues. New changes to the law have been proposed that will be voted on later this year designed to make it easier for California politicians to raise taxes. 

In addition, this approach seems poised to try and challenge the one thing that has at least kept property taxes at bay - proposition 13. 

Instead of making the needed budget cuts to meet needs, the typical tendency to take more in tax revenue ends up encouraging more residents to leave. Of course, the biggest earners - and therefore the biggest contributors to tax revenues - see the economic landscape they face in California and decide to leave the state all together.

Today, we will chat about all that and get a feeling for what everyone will be facing in 2024 in California.

 

——————————————————————————————————————————————————   🏡 💵 Get Your FREE Home Value Estimate! - https://www.soldbyrobert.com/sellers-services/property-value-report     ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/     ☕️ "Coffee And Real Estate" Live Events: https://www.facebook.com/whitelawre/live/   📰 Subscribe To The Monthly Newsletter: https://soldbyrobert.com/get-the-newsletter   🕵🏻‍♂️ Search For Homes For Sale: https://soldbyrobert.com/homes-for-sale-map-search   👓 Luxury Homes List: https://soldbyrobert.com/listing-report/Luxury-Homes/1371502   💵 Homes Priced Below Average: https://soldbyrobert.com/listing-report/Homes-Priced-Below-Average-In-Morgan-Hill-San-Martin-and-Gilroy/1281392 —————————————————————————————————————————————————— 📚 A case study in how I get better results than other real estate agents or brokerages: https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444 —————————————————————————————————————————————————— My goal is to share my insights and opinions relating to real estate so that you can make the best possible decisions in achieving your real estate dreams. If you are interested in buying, selling or investing anywhere in Silicon Valley, Morgan Hill, San Martin or Gilroy - I would love an opportunity to discuss with you what I can do to help you get the best outcome possible!

Welcome to "Real Estate Realities with The RebelBroker" – your go-to podcast for expert insights into the dynamic world of real estate. In this episode, we delve into a crucial aspect of selling your home: digital curb appeal.

In today's digital age, first impressions are made online. Potential buyers scroll through listings, making split-second decisions based on visual appeal. That's where mastering digital curb appeal comes in. Join us as we explore the art of crafting compelling digital presentations for your property.

From stunning photos capturing every angle to immersive virtual tours bringing your home to life, we'll uncover the strategies that drive engagement and interest. Learn how to leverage videos to showcase the unique features of your property and leave a lasting impression on prospective buyers.

But we will also discuss how homes with poor digital curb appeal can present an opportunity for buyers that want to get the best deal possible!

Tune in to discover tips to enhance your home's digital curb appeal and stand out in today's competitive market. Whether you're a seasoned seller or new to the game, this episode is packed with invaluable insights to help you achieve optimal results.

Don't miss out on maximizing your home's potential. Join us for another enlightening discussion on "Real Estate Realities with The RebelBroker". Hit subscribe now to stay updated on all things real estate!

In this episode, dive deep into the intriguing world of real estate data with Robert Whitelaw, the seasoned real estate broker from Morgan Hill, California. Join us as we unravel the disparities between pending home sales on a national scale and the dynamic market of Santa Clara County.

📊 Key Takeaways:

• Analyzing the latest trends in pending home sales nationwide.
• Unveiling the unique factors influencing Santa Clara County's real estate landscape.
• Expert insights into what these divergences mean for both buyers and sellers.

Whether you're a seasoned investor or a first-time homebuyer, understanding these differences is crucial for making informed decisions in today's real estate market. Tune in and empower yourself with valuable insights on "Real Estate Realities with The RebelBroker"!

🎙️ About the Host: Robert Whitelaw, a tech-savvy real estate nerd with over 35 years of experience, brings you actionable knowledge and a fresh perspective on the ever-evolving real estate market in San Jose, Morgan Hill, and Gilroy.

🔗 Connect with Us:

• Real Estate Realities Website
• Subscribe On YouTube!

Don't miss out on this enlightening discussion! Subscribe now and stay ahead in the world of real estate.

Welcome to "Real Estate Realities with The RebelBroker," your go-to podcast for demystifying all things relating to real estate, including the status of homes for sale! Join us as we navigate the dynamic world of real estate, providing valuable insights and expert analysis.

🏡 Unlock the Secrets: Delve into the nuances of home listings – from active and contingent to pending and sold. We break down the complexities, empowering you with the knowledge needed to make informed decisions.

🔍 Insider Perspectives: As a seasoned real estate broker with over 35 years of experience, The RebelBroker brings you insider perspectives, industry trends, and market updates specific to Santa Clara County. Specializing in San Jose, Morgan Hill, and Gilroy, we've got our finger on the pulse of the local real estate scene.

🚀 Your Real Estate Guide: Whether you're a first-time homebuyer, seller, or a seasoned investor, our podcast caters to all. Stay ahead of the curve with tips, strategies, and the latest tech-driven solutions, tailored by a self-proclaimed real estate nerd!

📈 Stay Informed, Stay Empowered: Our goal is to empower you with the knowledge to navigate the real estate landscape confidently. From leveraging technology to understanding the intricacies of property statuses, we've got you covered.

Tune in to "Real Estate Realities with The RebelBroker" – where demystifying real estate is not just a mission, it's our passion! Subscribe now for your weekly dose of real estate wisdom.

#RealEstate #HomeForSale #PropertyStatus #TheRebelBroker #SantaClaraCounty

Welcome to another eye-opening episode of "Real Estate Realities with The RebelBroker"! Today, we're diving deep into a topic that affects both seasoned and aspiring real estate agents—the real problems plaguing today's real estate professionals.

Join me as we explore the notion that bad agents are made, not born. Many agents are trained to prioritize quantity over quality, a trend that leads to a decrease in overall service quality. As agents focus on increasing their transaction numbers, key metrics that matter to clients often fall below average.

We'll uncover shocking examples, like a so-called "Top 1%" agent with a 20% failure rate—meaning 2 out of 10 homes do not sell. If an agent boasts about their yearly deal count, we'll do the math together to reveal the average hours spent on each deal. It's time to question whether the emphasis on quantity is contributing to a decline in overall service.

Most training programs emphasize lead generation rather than addressing the unique needs of clients. This focus on quantity makes agents vulnerable to automation, raising the question of their long-term relevance.

We'll demystify the commonality among "Top" agents—the use of universal checklists or processes. While scaling a business is often promoted, we'll discuss how this inadvertently makes the agent's role more susceptible to automation. If agents are executing the same checklist for every home, what value are they truly bringing to the real estate process?

In the second half of our episode, we'll explore alternative metrics for evaluating real estate agents. Forget the shiny object of a luxury car; let's focus on the real indicators of success. We'll delve into metrics like days on market, sales price ratio vs. market ratio, percentage of listings resulting in a sold home, and list price reductions prior to sale. These metrics offer a more nuanced and insightful perspective on an agent's performance.

Join me as we challenge the status quo and rethink how we judge the effectiveness of real estate agents. It's time to bring quality back to the forefront of the real estate industry. Stay tuned for another thought-provoking episode of "Real Estate Realities with The RebelBroker"!

 

 

—————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/   🏡 💵 Get Your FREE Home Value Estimate! - https://www.soldbyrobert.com/sellers-services/property-value-report   ☕️ "Coffee And Real Estate" Live Events: https://www.facebook.com/whitelawre/live/   📰 Subscribe To The Monthly Newsletter: https://soldbyrobert.com/get-the-newsletter   🕵🏻‍♂️ Search For Homes For Sale: https://soldbyrobert.com/homes-for-sale-map-search   👓 Luxury Homes List: https://soldbyrobert.com/listing-report/Luxury-Homes/1371502   💵 Homes Priced Below Average: https://soldbyrobert.com/listing-report/Homes-Priced-Below-Average-In-Morgan-Hill-San-Martin-and-Gilroy/1281392 —————————————————————————————————————————————————— 📚 A case study in how I get better results than other real estate agents or brokerages: https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444 —————————————————————————————————————————————————— My goal is to share my insights and opinions relating to real estate so that you can make the best possible decisions in achieving your real estate dreams. If you are interested in buying, selling or investing anywhere in Silicon Valley, Morgan Hill, San Martin or Gilroy - I would love an opportunity to discuss with you what I can do to help you get the best outcome possible!

Welcome to another edition of Real Estate Realities! Today we are covering the FHA loan for multifamily purchases that just got WAY better. In fact, it makes it possible for much easier house hacking!

Don't know what house hacking is? Not sure why I am so excited about changes to a loan? Then make sure to check out todays show and realize that this could be the first step in reaching your real estate empire goals!

 

—————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/   🏡 💵 Get Your FREE Home Value Estimate! - https://www.soldbyrobert.com/sellers-services/property-value-report   ☕️ "Coffee And Real Estate" Live Events: https://www.facebook.com/whitelawre/live/   📰 Subscribe To The Monthly Newsletter: https://soldbyrobert.com/get-the-newsletter   🕵🏻‍♂️ Search For Homes For Sale: https://soldbyrobert.com/homes-for-sale-map-search   👓 Luxury Homes List: https://soldbyrobert.com/listing-report/Luxury-Homes/1371502   💵 Homes Priced Below Average: https://soldbyrobert.com/listing-report/Homes-Priced-Below-Average-In-Morgan-Hill-San-Martin-and-Gilroy/1281392 —————————————————————————————————————————————————— 📚 A case study in how I get better results than other real estate agents or brokerages: https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444 —————————————————————————————————————————————————— My goal is to share my insights and opinions relating to real estate so that you can make the best possible decisions in achieving your real estate dreams. If you are interested in buying, selling or investing anywhere in Silicon Valley, Morgan Hill, San Martin or Gilroy - I would love an opportunity to discuss with you what I can do to help you get the best outcome possible!

In this episode of Real Estate Realities with The RebelBroker, we delve deep into the crucial topic of compensating real estate agents when selling your home while keeping in mind the recent court case where Sellers won a $1.8 billion judgement against the National Association of Realtors and a number of real estate brokerages. Finding the right compensation structure is pivotal for buyers, sellers and agents, impacting the quality of service and the overall success of the transaction.

This latest court case covers ground that have been visited many times over the years. However, in todays show, I try to support the position that current method of allocating commissions is actually our best option.

We dive deep into the importance of transparent communication, ensuring both parties understand the services included in the compensation agreement. Whether you're a seasoned seller or a first-time home seller, this episode equips you with valuable insights to optimize your real estate experience.

Tune in to gain expert advice, market insights, and actionable tips that will guide you through the intricate process of compensating real estate agents. Don't miss this opportunity to enhance your understanding of the real estate landscape and make confident decisions for your next property transaction.

To stay updated on future episodes, click Subscribe and never miss out on valuable real estate wisdom. If you find this episode helpful, please consider leaving us a rating and review on iTunes. Your feedback fuels our mission to provide you with the best real estate content.

Thank you for joining us on Real Estate Realities with The RebelBroker. Knowledge is your strongest asset in the world of real estate, and we're here to empower you every step of the way.

For more resources and exclusive content, visit our website at soldbyrobert.com.

As interest rates snuggle up to 8%, we find ourselves in a place that we have not been in 23 years! An entire generation of business people, home buyers and home sellers have become comfortable with interest rates in the sub 5% range. 

So what will this interest rate mean for home buyers, sellers and investors? Could this be the element that finally tips the scales and causes a boost in inventory that brings down sales prices?

We will explore all of that in todays podcast!

 

—————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/   🏡 💵 Get Your FREE Home Value Estimate! - https://www.soldbyrobert.com/sellers-services/property-value-report   ☕️ "Coffee And Real Estate" Live Events: https://www.facebook.com/whitelawre/live/   📰 Subscribe To The Monthly Newsletter: https://soldbyrobert.com/get-the-newsletter   🕵🏻‍♂️ Search For Homes For Sale: https://soldbyrobert.com/homes-for-sale-map-search   👓 Luxury Homes List: https://soldbyrobert.com/listing-report/Luxury-Homes/1371502   💵 Homes Priced Below Average: https://soldbyrobert.com/listing-report/Homes-Priced-Below-Average-In-Morgan-Hill-San-Martin-and-Gilroy/1281392 —————————————————————————————————————————————————— 📚 A case study in how I get better results than other real estate agents or brokerages: https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444 —————————————————————————————————————————————————— My goal is to share my insights and opinions relating to real estate so that you can make the best possible decisions in achieving your real estate dreams. If you are interested in buying, selling or investing anywhere in Silicon Valley, Morgan Hill, San Martin or Gilroy - I would love an opportunity to discuss with you what I can do to help you get the best outcome possible!

Welcome to "Real Estate Realities with The RebelBroker," the ultimate destination for in-depth explorations of recent California rent control real estate law changes.

With our finger on the pulse of recent California legal changes, todays podcast serves as your comprehensive guide to understanding the nuances of the ever-evolving legal landscape governing landlords, tenants, and homeowners in the Golden State and California rent control efforts that seem to grow each year. In today's show, we embark on a journey through the recent law changes in California, unraveling their impact on property ownership, tenancy agreements, and the overall housing market.

Understanding California's Legal Terrain: California, renowned for its diverse real estate market, is a state constantly in flux. Laws and regulations governing real estate here are as diverse as the landscapes, making it imperative for anyone involved in the property market to stay informed. Whether you're a property owner, a prospective tenant, or an investor eyeing the California dream, our podcast provides you with the knowledge needed to navigate the complex legal terrain with confidence. Our first goal is to put the power in your hands so that you are in a position to make the most informed decisions possible.

Recent Law Changes Demystified: Our podcast delves deep into recent California rent control law changes, dissecting the intricacies of legislative reforms that have reshaped the rights and responsibilities of landlords and tenants alike. We explore topics ranging from updated tenancy laws and rent control regulations to eviction procedures and property maintenance standards. Through meticulous research and expert analysis, we decode legal jargon, ensuring that you comprehend the practical implications of these changes on your real estate endeavors.

Navigating the California Real Estate Market: California's real estate market is as diverse as its population, with each city and county offering unique challenges and opportunities. Whether you're based in bustling San Jose, picturesque Morgan Hill, or historic Gilroy, our podcast tailors its discussions to address the specific concerns of residents in Santa Clara County and beyond. We analyze local market trends, discuss neighborhood-specific regulations, and provide insights into property values, enabling you to make region-specific decisions that align with your goals.

Your Gateway to Informed Decision-Making: "Real Estate Realities with The RebelBroker" isn't just a podcast; it's your gateway to informed decision-making. Our goal is to always give you the information you need to make the best decisions possible. Of course, we also want you empower your ability to think for yourself and develop your own ideas on policies that effect the world of real estate. Whether you're a first-time homebuyer navigating the complexities of escrow or a seasoned landlord adapting to new California rent control laws, our podcast ensures you're equipped with the knowledge to make decisions that align with your objectives.

Subscribe and Stay Informed: Don't miss out on the wealth of knowledge waiting for you at "Real Estate Realities with The RebelBroker." Subscribe now to our podcast and embark on a journey of enlightenment. Our weekly episodes are designed to empower you, providing you with the tools necessary to thrive in California's dynamic real estate market. Whether you tune in during your commute, your morning jog, or your moments of relaxation, you're investing in your real estate IQ, ensuring you're ahead of the curve in this ever-changing industry.

Links

• https://apnews.com/article/california-governor-eviction-protection-tenants-landlords-newsom-9dca9700c0a44d82f9d140c6c9f1e442
• https://www.ocregister.com/2023/09/28/california-doesnt-need-to-punish-mom-and-pop-landlords-to-make-state-more-affordable/

Each year I suggest that real estate investors evaluate their holdings to determine if they should sell their investment property. In todays show, we will cover the basics of this effort so you can decide if 2023 is the right time for you to sell your investment property.

 

—————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/   🏡 💵 Get Your FREE Home Value Estimate! - https://www.soldbyrobert.com/sellers-services/property-value-report   ☕️ "Coffee And Real Estate" Live Events: https://www.facebook.com/whitelawre/live/   📰 Subscribe To The Monthly Newsletter: https://soldbyrobert.com/get-the-newsletter   🕵🏻‍♂️ Search For Homes For Sale: https://soldbyrobert.com/homes-for-sale-map-search   👓 Luxury Homes List: https://soldbyrobert.com/listing-report/Luxury-Homes/1371502   💵 Homes Priced Below Average: https://soldbyrobert.com/listing-report/Homes-Priced-Below-Average-In-Morgan-Hill-San-Martin-and-Gilroy/1281392 —————————————————————————————————————————————————— 📚 A case study in how I get better results than other real estate agents or brokerages: https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444 —————————————————————————————————————————————————— My goal is to share my insights and opinions relating to real estate so that you can make the best possible decisions in achieving your real estate dreams. If you are interested in buying, selling or investing anywhere in Silicon Valley, Morgan Hill, San Martin or Gilroy - I would love an opportunity to discuss with you what I can do to help you get the best outcome possible!