Ask your broker! I know there’s a lot of confusion lately regarding everything. I wanna know their opinions too lol. It’s a complete crapshoot lately lol.
$13-$63 a claim from what I’ve read if all eligible apply.
The new NJ laws are kind of annoying for people trying to work directly with listing agents or to get off market listings. I find and filter listings myself as I’ve found that I know the local market better than most agents I’ve worked with.
Would it make sense for me to get realtor license so I can represent myself given the new laws? For me personally, the benefit of a buyers agent has not been beneficial.
I agree. Sellers agents earn their fees. The good ones do anyway. Buyers agents unlock the door, push some paper and negotiate stuff on the ROC for 1 hour.
When I buy investment real estate outside of my home market, I depend on my buyer agents to be my proxy. They do everything I need to helicopter in after an offer is accepted and sign on the dotted line. Sometimes that could mean going to 15 or more properties, following up with inspectors and contractors, combined with knowledge of the local markets and how best to deal with seller’s agent. They then become my seller’s agent when it’s time to flip. In this case I find their services to be valuable.
I think this is a fairly unique situation, and I can see their value at this point. I was referring to traditional primary home purchases.
Sure! It’s called Unrepped (www.unrepped.co), and we make a DIY companion app to help home buyers with their purchase.
It’s more of a between Zillow, before agent tool, so you know what you’re getting yourself into before you commit to an agent. And with more information, quicker time to close, you can maybe even negotiate a better rate w/ a buyer’s agent 
We’re still building right now but you can sign up for the waitlist, I promise no spam I haven’t sent out a single email yet, and won’t send any until we’re ready for launch.
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RE pulse check. Still flying off the shelf like hotcakes or seeing price cuts near you?
Definitely slowed down in SoCal. For some reason places in my development were pending within 1 week between June and August. Now 2 houses for sale have been sitting for almost 2 months. Both are listed for only 2% more than same layouts that sold a few months ago.
I think people are getting really picky or waiting for the rate drops. Granted I’m getting refi offers for <5.6% already, so I feel like it’s already kinda priced in.
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NJ is still hotter than a GT3RS at MSRP. Most houses are still selling in 2 weeks and if something is on the market for longer, you’ll be prepared for lowball offers.
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Good update. We are not as hot as that here in Ohio, but still steady selling if the home is priced right. More price cuts than I’ve seen in a few years though.
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Isn’t this time of year is usually slower.
Families back in school, etc.
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Our school district is still good for seller. Priced right, it will get bidding for higher prices. The one stayed on the market right now is the one who’s pricing too high for their property condition.
Makes sense. Inventory is still low here, but stuff isn’t selling in a day anymore. It’s more in that 2-4 week range.
SoCal/LA-OC area here. Definitely slowed down in general, and you see way more price cuts than you did even 3 months ago. Most of my buyers want new housing though, that market’s a bit more resilient but price cuts/seller credits are starting to appear there too.
Prices still insane though… a decent starter SFR is $1m+.
I am seeing a lot of price cuts in San Diego too. However, I was following a few new construction townhomes and the prices for them have been increasing.
Figured I’ll do a market update on here since I’m doing them anyways. I’d rather be making memes but it’s been dead lately.
So, we’re finally beginning to see the market stabilize a bit. This is the first month post 2020 that I’m seeing buyers actually caring about the prices of houses here in SJ. Appropriately priced homes in desirable neighborhoods are still getting multiple offers over asking but houses that are highly priced or at the top of the market are seeing price drops. Also, first time in 4 years that I’m seeing seasonality in RE again. Obviously with rate cuts, it can spur demand again but who knows.
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I think a lot of people are delaying major purchases with economic and political uncertainty. Prob smart, I don’t think prices will be going back up anytime soon.
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I agree. We’d like to upgrade in house at some point, but I haven’t felt the right deal come along yet. I’m not going to overpay for a property because we don’t have to move. It would be more of a luxury purchase. We also have serious equity in our home (we had a fair amount before COVID). 