What the NAR Settlement Means for Niceville Home Sellers and Buyers
Big changes are happening in the real estate world that affect anyone buying or selling a home in Niceville. The National Association of REALTORS® (NAR) recently made a settlement that changes how real estate agents get paid. Here's what Niceville homeowners need to know.
For Niceville Home Sellers
If you're planning to sell your Niceville home, you still have choices about paying the buyer's agent:
You can still offer to pay the buyer's agent to make your home more appealing to buyers
Your listing agent must tell you in writing about any payment to a buyer's agent and get your approval first
Your agent can't post buyer agent compensation offers on the MLS (the system where homes are listed)
Your agent can still advertise your home on social media, websites, and flyers
You can still offer buyer concessions like help with closing costs
These new rules started on August 17, 2024.
For Niceville Home Buyers
If you're looking to buy a home in the Niceville area:
You'll need to sign a written agreement with your agent before touring homes
This agreement must clearly show how much you'll pay your agent
The agreement must show if your agent will get paid from other sources
You have the right to negotiate how much your agent gets paid
What Hasn't Changed in the Niceville Real Estate Market
REALTORS® still work to help you through the complex process of buying or selling
You can still negotiate how much you pay your agent
Working with a local Niceville real estate expert is still valuable for navigating our unique market
Why This Matters for Niceville Home Sales
Niceville's housing market has its own special qualities. From neighborhoods near Eglin Air Force Base to waterfront properties on Rocky Bayou, each area has different values and buyer interests. These new rules create more transparency about who pays for real estate services when you sell your Niceville property.
Next Steps for Niceville Homeowners
If you're thinking about selling your home in Niceville FL, talk with a local real estate agent about these changes. Ask questions about compensation and discuss what makes sense for your situation. Understanding these new rules will help you make smart choices in our local housing market.
