Andrew Carbajal
Real Estate Services
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What Homebuyers Need to Know About the Biggest Real Estate Changes in a Century

If you're planning to buy a home soon, there's a significant shift in the real estate industry that you should be aware of. Starting August 17, new rules will change how Realtors are compensated, marking the biggest shakeup in the industry in a century. These changes come as part of a $418 million settlement by the National Association of Realtors (NAR), and they aim to make the home-buying process more transparent and fair for you.

Traditionally, the seller has been responsible for paying a commission that is usually 5% to 6% of the home’s sale price. This fee is then split between the seller’s agent and your agent. But with the new rules, this long-standing practice is set to change, which could directly impact your home-buying experience.

One of the major changes is that details about how much agents are compensated will no longer be included in the Multiple Listing Service (MLS) databases that agents use to share information about homes for sale. While this information won’t be as readily visible, it can still be communicated through other means, such as during conversations with your agent.

This change is designed to bring more transparency to the process, allowing for more open discussions about commissions and potentially giving you more control in negotiations. As a homebuyer, it’s essential to understand these new dynamics and be proactive in asking questions about how your agent is compensated and how it might affect your home purchase.

Real estate agents across the country are preparing for these changes by attending training sessions and updating their contracts to align with the new rules. While some experts believe this could lead to innovative business models and more options for buyers, others are concerned about the potential for confusion during this transition period.

NAR’s president, Kevin Sears, assures that these changes will empower consumers like you, giving you more clarity and choice in the home-buying process. However, it’s important to stay informed and work closely with your Realtor to navigate this new landscape effectively.

As you embark on your home-buying journey, these changes could mean new opportunities for negotiation and potentially better deals. Be sure to have open discussions with your agent to understand how these changes will impact your experience and to ensure you make the most informed decisions possible.

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Posted in 690 - Upland Real Estate
New property listed in 690 - Upland

I have listed a new property at 1598 Whieldon Way in Upland. See details here

Welcome to 1598 Whieldon Way, where charm and modern comfort collide in the heart of Upland, CA! This delightful single-family gem is your ticket to the best of Southern California living. Imagine this: 3 spacious bedrooms and 2.5 sparkling bathrooms in a newer home, all designed to offer ample space for both relaxation and fun. The open-concept living area is perfect for entertainers and family gatherers alike, ensuring your home is always the go-to spot for get-togethers. It’s so welcoming, even your in-laws might not want to leave! Step into the kitchen and prepare to be wowed! With sleek countertops, state-of-the-art appliances, a reverse osmosis water dispenser, and enough cabinet space to store your secret snack stash, meal prep becomes a joy rather than a chore. Adjacent to the kitchen, the dining area awaits your culinary masterpieces, whether it’s a casual weeknight dinner or a lavish holiday feast. The inviting living room is bathed in natural light, creating a warm and welcoming atmosphere that practically begs you to kick back and relax. Just don’t blame us if you find yourself dozing off during movie night! Retreat to the master bedroom, your personal sanctuary. Here, you’ll find two spacious walk-in closets for all your wardrobe needs and a luxurious en-suite bathroom with a soaking tub perfect for unwinding after a long day, plus a separate shower for those mornings when you’re running late (again). The backyard is your private oasis, featuring an open patio area just waiting for your BBQs, morning coffees, and evening stargazing sessions. Entertain easily in this beautiful low maintenance backyard, which is hard-piped for natural gas to BBQ. Located in a peaceful, family-friendly neighborhood, this move-in-ready home is just minutes from schools, parks, shopping centers, and dining hotspots. And with easy access to major freeways, your commute is a breeze, leaving you more time to enjoy the things you love. It’s so convenient, you might even start showing up to work on time! Additional perks? A two-car garage, central air conditioning and heating, and plenty of storage space throughout. Don’t miss your chance to call this charming house your new home. If you’re searching for homes for sale in Upland, this move-in-ready gem with its perfect blend of location, modern amenities, and welcoming atmosphere is ready to host a lifetime of happy memories. Get ready to fall in love – don’t say we didn’t warn you, it’s love at first sight!

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Open House. Open House on Saturday, August 10, 2024 11:00AM - 2:00PM

Please visit our Open House at 1598 Whieldon Way in Upland. See details here

Open House on Saturday, August 10, 2024 11:00AM - 2:00PM

Welcome to 1598 Whieldon Way, where charm and modern comfort collide in the heart of Upland, CA! This delightful single-family gem is your ticket to the best of Southern California living. Imagine this: 3 spacious bedrooms and 2.5 sparkling bathrooms in a newer home, all designed to offer ample space for both relaxation and fun. The open-concept living area is perfect for entertainers and family gatherers alike, ensuring your home is always the go-to spot for get-togethers. It’s so welcoming, even your in-laws might not want to leave! Step into the kitchen and prepare to be wowed! With sleek countertops, state-of-the-art appliances, a reverse osmosis water dispenser, and enough cabinet space to store your secret snack stash, meal prep becomes a joy rather than a chore. Adjacent to the kitchen, the dining area awaits your culinary masterpieces, whether it’s a casual weeknight dinner or a lavish holiday feast. The inviting living room is bathed in natural light, creating a warm and welcoming atmosphere that practically begs you to kick back and relax. Just don’t blame us if you find yourself dozing off during movie night! Retreat to the master bedroom, your personal sanctuary. Here, you’ll find two spacious walk-in closets for all your wardrobe needs and a luxurious en-suite bathroom with a soaking tub perfect for unwinding after a long day, plus a separate shower for those mornings when you’re running late (again). The backyard is your private oasis, featuring an open patio area just waiting for your BBQs, morning coffees, and evening stargazing sessions. Entertain easily in this beautiful low maintenance backyard, which is hard-piped for natural gas to BBQ. Located in a peaceful, family-friendly neighborhood, this move-in-ready home is just minutes from schools, parks, shopping centers, and dining hotspots. And with easy access to major freeways, your commute is a breeze, leaving you more time to enjoy the things you love. It’s so convenient, you might even start showing up to work on time! Additional perks? A two-car garage, central air conditioning and heating, and plenty of storage space throughout. Don’t miss your chance to call this charming house your new home. If you’re searching for homes for sale in Upland, this move-in-ready gem with its perfect blend of location, modern amenities, and welcoming atmosphere is ready to host a lifetime of happy memories. Get ready to fall in love – don’t say we didn’t warn you, it’s love at first sight!

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Categories:   690 - Upland Real Estate