Navigating Buyer’s Agent Commission Changes | Mortgage Tips & Real Estate Update 2024

As a homebuyer, understanding the recent changes in real estate, particularly around buyer’s agent commissions, can be overwhelming. In this video, Doug Shoemaker, your local loan officer with over 20 years of experience, breaks down the recent National Association of Realtors settlement and what it means for YOU. We’ll explore how these changes might impact your home purchase and offer four practical strategies to cover buyer’s agent fees, including:
1. Requesting seller concessions
2. Adjusting your down payment
3. Increasing the contract price
4. Covering the fee out-of-pocket
5. State and local Grant Programs
We'll also review some key tools like Interested Party Contributions (IPC) and share tips for making your offer stand out in competitive markets.
Whether you’re a first-time homebuyer or an experienced investor, Doug is here to guide you through smart financial decisions that can save you money. Learn how to navigate this shifting real estate landscape while securing the best mortgage strategy for your future.
Don't forget, you can also find important info like daily market and rate updates on my Facebook Page: / dsmortgagebanker
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Seller Concession Chart: ibb.co/g6SR8Wx