⚠ WARNING ⚠ It's a Rigged System! Watch This Before Ever Visiting A Builder Or You May Regret It! th-cam.com/video/Q8F31lpKk00/w-d-xo.htmlsi=tR9aXOOdGqh9L4Mj 🤔Thinking of BUILDING in the Chicago Metropolitan Area? Let me help! ✋ Joshua Cherian | Real People Realty 📱 Call or Text: 630-277-9118 📨 Email: Josh@BuildChi.com
heard that from aug 17th 2024 buyers should pay commission to realtors. Earlier sellers used to pay. What happens if we are already registered with agent at Pulte but did not buy house yet? if we by now, should we pay commission to realtor?:(
Ok so first, it's more complicated than that, in reality what has changed for buyer's at least, is the seller's agent can no longer list a buyer's agent side commission on the MLS. However that doesn't mean a seller can't offer a commission to a buyer's agent through negotiations, it just has to be settled 1 on 1 if the seller is willing to offer one. All of that said though, what is different with builders is that for agents like myself who work with new construction, we can still expect commissions from most builders at least as none that I am aware of have opted to remove their offered commission. Although yes builders do list homes on the MLS sometimes, in practice agents often times find the commission amount by directly speaking with onsite sales reps which has nothing to do with the MLS and thus has nothing to be concerned for, but that doesn't mean builders won't ever change their policy either. For example with Lennar recently they have dropped from 3% in 2023 twice now to 2.5% in some areas and down to 2% in some areas, or with DR Horton they have recently switched from 3% to 2.5% and the worst of the worst changes are from Ryan Homes who being the cheapskates that they are have reduced all commissions to a flat 2k period. These builders though could just as easily drop their commissions completely, but it would have to make sense financially to do so. For them, Realtors bring in probably around 50% of their sales, as sadly the other half of buyers mistakenly visit alone and are no longer offered use of an agent on the builder's tab, but especially for large production builders unless rates dropped to historic lows again, I just don't see them burning bridges with Realtors considering how necessary they are in slower markets. We will see though, but for now commissions are still offered. Regarding Pulte specifically I do believe in our area they are still providing 2.5% of base price for realtor commission if registered properly. However based on your message, you have registered with an agent before, but unless it was within the past 60 days it's likely that your registration has expired as that is the timeline for Pulte's broker registration. What that means is if you are planning to buy and 60 days have passed since your first visit to a particular community, first don't visit the builder anymore alone, as you risk the possibility of losing your agent on the sale if that registration is expired. Instead go with your agent to proceed further, or of course if your looking for an agent who specializes in this field and you are not in any exclusive agreement with your past agent then I can definitely assist with next steps. So if that is you feel free to reach out and we can discuss further. josh@buildchi.com 630-277-9118
Hi, so it will depend on the community, however in most new home communities these days you are limited to black rod iron fences. In terms of whether it's included, no Pulte doesn't offer the fences, but for most communities you have someone nearby who's purchased and could help you figure out who to buy from and have it installed. Thanks for the comment!
⚠ WARNING ⚠
It's a Rigged System! Watch This Before Ever Visiting A Builder Or You May Regret It! th-cam.com/video/Q8F31lpKk00/w-d-xo.htmlsi=tR9aXOOdGqh9L4Mj
🤔Thinking of BUILDING in the Chicago Metropolitan Area? Let me help! ✋
Joshua Cherian | Real People Realty
📱 Call or Text: 630-277-9118
📨 Email: Josh@BuildChi.com
heard that from aug 17th 2024 buyers should pay commission to realtors. Earlier sellers used to pay. What happens if we are already registered with agent at Pulte but did not buy house yet? if we by now, should we pay commission to realtor?:(
Ok so first, it's more complicated than that, in reality what has changed for buyer's at least, is the seller's agent can no longer list a buyer's agent side commission on the MLS. However that doesn't mean a seller can't offer a commission to a buyer's agent through negotiations, it just has to be settled 1 on 1 if the seller is willing to offer one.
All of that said though, what is different with builders is that for agents like myself who work with new construction, we can still expect commissions from most builders at least as none that I am aware of have opted to remove their offered commission. Although yes builders do list homes on the MLS sometimes, in practice agents often times find the commission amount by directly speaking with onsite sales reps which has nothing to do with the MLS and thus has nothing to be concerned for, but that doesn't mean builders won't ever change their policy either.
For example with Lennar recently they have dropped from 3% in 2023 twice now to 2.5% in some areas and down to 2% in some areas, or with DR Horton they have recently switched from 3% to 2.5% and the worst of the worst changes are from Ryan Homes who being the cheapskates that they are have reduced all commissions to a flat 2k period. These builders though could just as easily drop their commissions completely, but it would have to make sense financially to do so. For them, Realtors bring in probably around 50% of their sales, as sadly the other half of buyers mistakenly visit alone and are no longer offered use of an agent on the builder's tab, but especially for large production builders unless rates dropped to historic lows again, I just don't see them burning bridges with Realtors considering how necessary they are in slower markets. We will see though, but for now commissions are still offered.
Regarding Pulte specifically I do believe in our area they are still providing 2.5% of base price for realtor commission if registered properly. However based on your message, you have registered with an agent before, but unless it was within the past 60 days it's likely that your registration has expired as that is the timeline for Pulte's broker registration.
What that means is if you are planning to buy and 60 days have passed since your first visit to a particular community, first don't visit the builder anymore alone, as you risk the possibility of losing your agent on the sale if that registration is expired. Instead go with your agent to proceed further, or of course if your looking for an agent who specializes in this field and you are not in any exclusive agreement with your past agent then I can definitely assist with next steps. So if that is you feel free to reach out and we can discuss further.
josh@buildchi.com
630-277-9118
@@thejoshcherian thanks a lot for the detailed info!
@@MANASA-h7q no problem!
Hi Can we build a personal fence in our backyard? is it include by Pultes?
Hi, so it will depend on the community, however in most new home communities these days you are limited to black rod iron fences. In terms of whether it's included, no Pulte doesn't offer the fences, but for most communities you have someone nearby who's purchased and could help you figure out who to buy from and have it installed. Thanks for the comment!
Not a fan of the primary bathroom....
Yeah it’s a bit tight considering the size of the home