Team Napolitano Podcast
Discover real estate insights and the art of work-life balance with top realtor, AnnMarie Napolitano. Dive into our podcast as AnnMarie addresses frequently asked questions in real estate.
AnnMarie Napolitano's journey from a dental hygienist to a real estate maestro is a tale of passion, resilience, and commitment. Not just renowned for her successful real estate ventures, she's also deeply rooted in her family, community, and her affinities for golf and cycling. These pastimes, particularly golf, mirror her strategic approach in the realty world, while cycling showcases her perseverance and tenacity. Both, undoubtedly, contributing factors to her triumph in the industry.
When she moved to Port St. Lucie, AnnMarie boldly stepped into real estate, leveraging her educational background to establish a flourishing career. Beyond property transactions, her allegiance to the community stands out, with Keller Williams Realty's continued contributions making them much more than just realtors. The balance she's found between her profession and personal life serves as an inspiration, underscoring that dedication, hard work, and community focus can coalesce into success.
Team Napolitano Podcast
Agent Compensation: AnnMarie Napolitano's Expert Insights on Real Estate Law Changes and Buyer Strategies
What Should Buyers Know About The New Agreement Requiring Them To Cover Agent Compensation If The Seller Doesn’t?
Could a simple change in real estate law redefine your home-buying journey? Tune in to this episode of the Team Napolitano Podcast, where I'm joined by my co-host and producer, Garfield Bowen, to unravel the nuances of the recent shift in agent compensation. This episode is packed with insights about a groundbreaking agreement that empowers sellers to negotiate or even refuse to cover the buyer's agent commission, potentially leaving buyers to shoulder this cost. We break down what this means for you as a buyer, how it could influence your decisions, and the crucial role of transparency and informed agreements in navigating these waters.
Despite the seismic shift in traditional norms, most sellers I've encountered remain committed to compensating buyer agents, understanding their pivotal role in closing sales. Garfield and I delve into why real estate remains an essential investment strategy, akin to a forced savings account. We underscore the significance of partnering with an experienced licensed realtor to sidestep any pitfalls in this evolving market. Join us as we share strategies to prepare financially and strategically for your next home purchase, ensuring that you're not only ready for these changes but also poised to benefit from them.
To learn more about AnnMarie and Team Napolitano, visit:
https://annmarienapolitano.kw.com
Keller Williams Realty of Port Saint Lucie
9700 Reserve Blvd.
Port St. Lucie, FL 34986
Office: 772-236-5700
Welcome to the Team Napolitano podcast, where home is where the heart is. Here's your host, licensed realtor Anne-Marie Napolitano.
Speaker 2:The real estate landscaping is evolving and Anne-Marie Napolitano is here to break it down. What buyers need to know about the recent changes in agent compensation, how could this shift affect your home buying process and what should you prepare for? Anne-marie offers expert advice on navigating these new orders with confidence. Welcome back everyone. Garfield Bowen, co-host slash producer, back in the studio with Anne-Marie Napolitano. Anne-marie, how are you doing today?
Speaker 3:I'm great. How are you?
Speaker 2:I am great. So, anne-marie, what should buyers know about the new agreement requiring them to cover agents' compensation if the seller doesn't?
Speaker 3:the agent's compensation if the seller doesn't. So this was a big change in the landscape of real estate because traditionally we always were offered commission from the seller and the new law states that the seller has the right not to pay the buyer's agent a commission and not offer a commission. But I've not had any sellers say that they're not offering commission because that would limit the ability to sell their home. But they have the right to negotiate that. They have the right not to do it and it's changed for real estate because we're just not used to that. Of course, one of the big things we have is if you're a buyer's agent, you have to have an agreement with your buyers that they would pay the compensation if the seller's not offering the compensation. But again, we have not had sellers in my world say that they're not going to offer compensation to the buyer's agent. They know how hard they work and they're trying to bring them buyers.
Speaker 2:So I guess there's some extra contingency that you have to put in the agreement on the buyer's side, right.
Speaker 3:Yeah, we have to write that as the commission if not offered, and buyers are aware of it. A lot of buyers have said that they don't want to see houses that they're not offering the commission because they don't want to pay that extra fee. Remember, buyers have a lot of fees when they buy a new home, so they don't want to dish out any more money than they have to. So typically we include it in the price when we're doing a seller's net sheet and we explain that to them. But they have the right yes or no to do it okay.
Speaker 2:So if that was a issue, they'll just know up front what the total cost is, as opposed to looking at pieces and have to confuse them with all the breakdown. Then is what you're saying.
Speaker 3:Exactly.
Speaker 2:So should buyers start by adding sort of a real estate piggy bank to keep their monthly savings money?
Speaker 3:Well, if they're buying a house, they better put it in a piggy bank, because it costs a lot of money sometimes, but it's the best investment you can make.
Speaker 2:In my opinion, it's like a forced savings account when you're paying that mortgage down so if you were to buy an agent, would that be something you bring up initially?
Speaker 3:we're not allowed to actually take them out until they've signed a buyer's agreement. That's the law, so that they're fully aware of that.
Speaker 2:So there's a lot of new things going on. You've got to get a licensed realtor that knows what they're doing. Anne-marie, you knocked it off our park again. We'll catch you on the next episode.
Speaker 3:All right, have a happy new year. Thanks, garfield.
Speaker 2:Thanks for listening to the Team Napolitano podcast.
Speaker 1:Have a happy new year. Thanks, garfield. Okay, thanks for listening to the Team Napolitano podcast. Where home is, where the heart is Thinking about buying or selling a home. Go to annmarienapolitanokwcom or call 954-675-2804. That's 954-675-2804. That's 954-675-2804.