April 2024: NAR Settlement Explanation

on
  Y'all, the real industry is evolving and there has been a lot of confusing real estate news regarding a $418M Settlement by the National Association of Realtors.  There's been a lot of buzz and a fair share of confusion about the recent developments.   Understanding the Settlement The  National Association of Realtors (NAR) has recently settled  an alleged price-fixing lawsuit that’s been a significant talking point across our industry. While the court’s final approval is pending, it’s crucial to  grasp the potential implications  anticipated to take effect by mid-July 2024.    As soon as I have additional -- and accurate -- information as to how this will affect you as a Buyer or as a Seller, I will send out a separate email. But as of now, this is the best information that I can find to summarize all the "hoopla". ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ This might sound exciting and like a potential game-changer for you as a home selle
0

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

on


Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] | MyKCM

Some Highlights:

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:
  • 71% of buyers who purchased homes have put down less than 20%.
  • 78.1% of loan applications were approved last month.
  • In September, the average credit score for approved loans was 737.

Comments

Post a Comment