Stay Ahead of Real Estate Changes with Anthony Gucciardo

Big changes are coming to the real estate market, and they could have a significant impact on your next property transaction. Commission rates are changing and mortgage interest rates just hit a 15-month low. Whether you’re buying, selling, or planning to in the future, what do you need to know about the real estate landscape?

Listen to this episode of Life Happens, when host Lou Pierro will be joined by Capital Region real estate leader Anthony Gucciardo. Together, they’ll break down the upcoming changes to real estate commission rules set to take effect on August 17th.

Under the current system, the seller typically pays a 5% to 6% commission at the close of escrow, with the amount split between the seller’s and buyer’s brokers. The new rules introduce more flexibility and negotiation, requiring buyers to sign an agreement detailing their broker’s compensation before engaging an agent.

But that’s not all! Lou will also discuss how property is managed in ⁠estate planning⁠, whether it’s through a ⁠will⁠ or a ⁠trust⁠, and what happens when a property is sold within a trust.

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