The Cunningham Collective

🔥🏡 New Lease : $2,600/mo 🏡🔥

➡️ 704 Oakbrook Ridge Dr, Rochester Hills

Updated Rochester Townhouse close to downtown. 3 bedrooms, 2.5 baths, end unit with full finished basement and 1 car garage. Gorgeous updated kitchen with natural exposed shelving, subway tiled backsplash, granite counters, shaker style cabs, SS GE appliances, and gas range. Beautiful hardwoods throughout entry level, natural fireplace in LR, private deck in front and cozy patio in rear overlooking community pool. New GE washer/dryer in LL. Unit is right off of the Paint Creek Trail, great location! Message anytime for private showing.

Putter the growing puppy!

When buying a home, understanding mortgage rates affect your affordability, purchasing power and monthly payments. Give me a ring to learn the best ways to navigate the fluctuating rates.

NAR REAL ESTATE LAWSUIT!

HERES THE REAL INFO — NOT THE FLUFF THE NEWS OUTLETS ARE SPEWING

You might have read online or saw on the news that the National Association of REALTORS has reached a settlement in a class action lawsuit regarding real estate commissions. It still has to be approved by the courts, but it looks like that is likely. If it is approved it will go into effect in Mid – July.

The key part of the settlement is that sellers will no longer be required to offer buyer agent compensation through the MLS system. Buyers will also now need to work with an agent under a written Buyer Representation Agreement, similar to a Listing agreement with sellers.

So, does this mean buyer's agents won’t be compensated? No, buyer’s agents will be compensated either directly by the buyer or through a negotiation with the seller in the offer agreement. The advantage of the seller paying the fee is that the commission becomes a transactional cost that can be financed by the buyer. If you own a home now that is likely exactly how your agent was compensated.

The bottom line is that every transaction will be a unique negotiation regarding who pays the real estate commissions and how they are financed into the transaction.

If you have any other questions about these changes, reach out anytime!