What Does the NAR Settlement Mean to Sellers...

HOME SELLERS:

Here's What the NAR Settlement Means for You

As a home seller, you have a wide range of choices when it comes to listing your home. Agents who are REALTORS® are a trusted source of advice and stand ready to help you navigate this complex process and make the choices that work best for you. NAR’s recent settlement has led to several changes related to broker commissions that benefit sellers, and we wanted to clearly lay them out for you.

Here is what the settlement means for home sellers:

  • You still have the choice of offering compensation to buyer brokers. You may consider doing this as a way of marketing your home or making your listing more attractive to buyers.

 

  • Your agent must conspicuously disclose to you and obtain your approval for any payment or offer of payment that a listing broker will make to another broker acting for buyers.

 

  • This disclosure must be made to you in writing in advance of any payment or agreement to pay another broker acting for buyers, and must specify the amount or rate of such payment.

 

  • If you choose to approve an offer of compensation, there are changes to how this can happen.

 

  • You as the seller can still make an offer compensation, but your agent cannot include it on a Multiple Listing Service (MLS)—MLSs are local marketplaces used by both buyer brokers and listing brokers to share information about properties for sale.

 

  • Your agent can advertise your listing via off-MLS platforms such as social media, flyers and websites.

 

  • You as the seller can still offer buyer concessions on an MLS (for example, concessions for buyer closing costs).

These settlement practice changes will go into effect August 17.

Here is what the settlement doesn’t change:

  • Agents who are REALTORS® are here to help you navigate the process of selling your home and are ethically obligated to work in your best interest.

 

  • Compensation for your agent remains fully negotiable, and if your agent is a REALTOR®, they must abide by the REALTOR® Code of Ethics and have clear and transparent discussions with you about compensation. When finding an agent to work with, ask questions about compensation and discuss what you would like to offer buyers.

 

  • You have choices. Work with your agent to understand the full range of these choices when selling your home, which will help you make the best possible decision for your needs.

Content Directly From the National Association of Realtors®.

 

WHY SELL WITH US?

Selling your home is all about knowing the local housing market. Pricing your home correctly is crucial to maximizing the highest selling price possible. As an area expert, Malik Real Estate Group can help determine what direction the market is trending so you can make the right choices when it comes to selling your home.

Accurate pricing is key to get as many people as possible to tour and make offers on your home, especially when you first list your home.  There’s a current pool of buyers waiting for new listings to hit the market which is why accurate pricing is crucial. 

Once we’ve determined the price, we can give you advice about the little things that you can do to present your home in the best possible light. You’d be surprised by the simple measures you can take to dress up your home to attract more qualified buyers.

We have a marketing plan that is designed to get maximum exposure to the buyers that are currently looking. Through pricing, presentation, agent accessibility, and visibility, both on and offline, we can successfully sell your home to help you achieve your goals. 

MREG Marketing Art

When you entrust us with your property, we guarantee to take the necessary steps to ensure a successful sale. Our marketing plan includes the following minimum services:

* Consultation to review your property's features and identify any improvements to increase its appeal to potential buyers.

* Professional photography to showcase your property in our extensive digital, print, and advertising campaigns. Not to brag but our visual tours are stunning!

* Inclusion of your property in the California Regional Multiple Listing Service (CRMLS).

* Full support from the entire Malik Real Estate Group in selling your home.

PLUS…

No Up Front Fees

There’s absolutely no upfront cost involved when placing your home on the market.  Whether the home ultimately sells or not, we cover all the marketing cost.

Cancel at Anytime

With our EASY EXIT listing agreement, you can cancel the contract terms anytime. The traditional real estate listing agreement is terribly one sided. It’s a contract that your agent can cancel, but you can’t. That’s why we give you the right to cancel your listing agreement anytime prior to accepting an offer, no penalty and no questions asked! And if you’re not happy, fire me! You’re in control!

 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

Our Current Listings

$2,395,000
3 Beds 3 Baths NS24169792 MLS Active Status
This dreamy 2401 SF, 3-bedroom, 3-bath with owned solar home sets on 1 ½ parcels in charm-filled seaside Cayucos. You are in for a treat! As you pass through the beveled glass entry door, you see the elegant wood paneled elevator for either a 15- second ride to the main living area or direct access to the lower-level bedrooms. Going up, as you step out of the elevator, you are immediately impressed by the sweeping 270-degree vista of Estero Bay and the Pacific Ocean. The open floor plan of the kitchen, dining area, and magnificent living room with wooden cathedral ceilings, creative architectural features, and a terrific fireplace, create an expansive space for casual living and sophisticated entertaining. Superior quality, the kitchen has been excellently updated with granite counter tops, teak cabinets, and stainless-steel appliances. Also on this level is a lavish, freshly carpeted bedroom and a walk-in closet, with a nearby bathroom that boasts a soaking tub and separate shower. The lower level has an incomparable primary suite. The suite has its own sunroom, living space with a fireplace as well as an ensuite bathroom, and a door that leads to a lovely outside patio with a hot tub. Also on this level, there is another bedroom with an ensuite ¾ bath that has its own entry through the elevator as well as private door that leads to the outdoor garden. When you want to relax outdoors, there are levels of relaxation that can be determined by the multiple decks or patios you can choose from in this outdoor oasis. The deck has been designed by an architect and rebuilt from the foundation up. There are redwood raised-beds with drip irrigation for gardening, a patio with a soothing fountain for contemplating or reading, and a large hot tub tucked into a private garden area for a soothing soak. As you relax, marvel at the grounds and the home. It has been fully repainted with new copper gutters and downspouts installed. Whatever you choose to do in this home, it will be done in style. Schedule your home viewing appointment soon! Don’t miss the opportunity to make this coastal retreat your new home. Ask your agent for an extensive list of amenities and renovations. Please review the Virtual Tour for additional information including room dimensions.

3408 Davies Avenue, Cayucos

$1,275,000
4 Beds 3 Baths NS23170992 MLS Active Status
Privacy and opulence greet you, with over $90,000 in upgrades to the home! This spectacular lightly lived in home features 3498 sf, 4 bedrooms plus a retreat, 3 bathrooms, oversized 3 car garage and unsurpassed views from all over the 6.13 acre gated property! Located in the prestigious Oak Ridge Estates, which is 12 miles from beautiful Morro Bay, and tucked into the oaks, the home immediately welcomes you with its incredible sense of escape. Upon entering the home, your eyes are drawn upward to the lofty vaulted ceilings and architectural niches, then out the many windows that perfectly frame the breath-taking views. The windows invite in the natural light and bathe the home with warmth. The open concept floor plan lends itself to entertaining, which is a breeze with the sublime gourmet kitchen featuring expansive granite countertops, stainless steel appliances and sprawling island! When you're ready to wind down for the day, the luxurious primary suite is a true retreat with large picture windows, dual closets and private sitting room anchored by a marble surround fireplace with custom insert! The spa-like primary ensuite bathroom boasts a massive dual head shower, custom seating area and glorious jetted tub. The additional guest bedrooms are generously sized with substantial closets and 10 ft ceilings! Outside the mature, lush landscaping and multiple scenic spots are set up to take advantage and marvel at the awe-inspiring views. The property enjoys a lovely microclimate that allows unique plant species to thrive. There are many fruit trees including peaches, oranges, lemons, grapefruit and olives. The hillside would make an ideal location for a vineyard or an orchard. Additionally, the home comes equipped with owned solar and a Tesla battery back up and 220V power in the garage. Plus, the home’s rain gutters have been upgraded with leaf guards so no need to worry about cleaning them every year! The home is located 12 miles from Morro Bay and 20 minutes to Paso Robles where you’ll find countless wineries, craft breweries, shopping and award winning restaurants. Between this home's countless upgrades, dramatic location and intoxicating views; it's difficult not to fall in love with this once in a lifetime property! Please see Virtual Tour for additional information and room dimensions.

12703 Paso Verde Court, Atascadero

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.