New Regulations and Housing Market Insights with Jennifer Beeston
New Regulations and Housing Market Insights with Jennifer Beeston
Join us on Wealth! as we sit down with Jennifer Beeston, SVP of Mortgage Lending, to discuss new regulations affecting buyer-broker agreements and the current state of the housing market.
Understanding the New Buyer-Broker Agreement Rules
In August, new rules made it possible for broker fees to become negotiable. Jennifer Beeston explains how this change can relieve stress for homebuyers already dealing with high home prices, down payments, and closing costs.
The Impact on Buyers
Beeston notes, "Real estate agents can now negotiate their commission with sellers. While you might not win every house, remember that it's all about your overall offer. The net price is what truly matters."
Tips for Homebuyers
With these changes, Beeston encourages homebuyers to:
- Shop around for different agents
- Interview potential agents
- Negotiate to get the best deal
The Housing Market's Supply Issue
The housing market is currently facing a supply shortage. Beeston highlights the importance of supporting builders to address this issue. She mentions Texas as an example of a state with better supply due to its pro-builder stance, unlike the more competitive market in New Jersey.
Stay informed and make the best choices for your home buying journey!
Book Your Mortgage Consultation Now
Ready to take the next step towards your dream home? Book a consultation with Jennifer Beeston today!
Whether you're a first-time buyer or looking to refinance, Jennifer is here to guide you through the process with ease and clarity.
