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Dear Clients, Neighbors, Family, and Friends,
As summer draws to a close and most of you have returned from your travels, it is great to see so many people out and about. With school in full swing for most families and Labor Day weekend signaling the official end of the season, our days in the pool and long evenings outside will be coming to an end in the next month or so.
Significant changes recently took effect on August 17th, as the National Association of Realtors implemented new practices aimed at enhancing transparency within the home buying and selling process. These changes are designed to foster greater clarity for both buyers and sellers.
I’ve noticed some confusion and misinformation surrounding these updates. Below, I’ve outlined the key points to ensure you are well-informed.
For Sellers
- Sellers retain full discretion to offer compensation to buyers’ brokers, as they always have. The recent settlement does not restrict this ability.
- While MLS listings will no longer include mentions of buyer broker compensation, such compensation can still be advertised, offered, and negotiated outside of the MLS.
- Sellers can negotiate with buyers regarding the payment of the buyer’s broker’s compensation, should it be requested as part of a purchase offer.
- A seller’s decision on whether to offer compensation may influence how desirable their home is to potential buyers.
For Buyers
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Buyers must now sign a written Buyer Representation and Broker Compensation Agreement before touring a home, whether in person or virtually.
- This agreement formalizes the relationship between the buyer and their agent/broker, detailing the duration, compensation, and other terms. It’s important to note that compensation is, and has always been, negotiable.
- Buyers may negotiate with sellers to cover their broker’s compensation, but should be prepared to assume this cost if the seller declines.
- The importance of having exclusive, professional representation cannot be overstated. Realtors are ethically and fiduciarily bound to act in your best interest.
Choosing the right real estate professional is more important now than ever. Look for expertise, integrity, a proven track record, and in-depth knowledge of the local market. An excellent Realtor should be providing invaluable service, serves as a trusted advisor, and maximizes your financial outcome.
Our team is here to guide you through these changes and ensure you receive exceptional service throughout the process. If you have any questions about how these new regulations might affect you, please don’t hesitate to reach out. We’re here to help. Although, we don’t foresee monumental changes in the Marin County real estate market. Instead, we welcome clarity and are thrilled to continue making a difference for our clients and community.
Summer is a traditionally slower time in our market. In the September issue I will cover the Fed’s anticipated rate cute, market color, and what we are anticipating in the fall market. Below are the most up to date Marin sales statistics.
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In line with our commitment to the community, our team recently hosted a productive working lunch with our charitable partners, as well as representatives from Kentfield Schools and Ross School. The event was a success, leaving us all inspired with fresh ideas and strategies to enhance the services we provide. Giving back remains a cornerstone of our mission, and I’m proud to share that we’ve donated over $400,000 to date, largely in honor of our incredible clients. | |
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Front Row: Carli Beaumont, Kaitlin Lopin Gilbert, Carey Hagglund Condy, Jonathan Lack, Courtney Condy
Back Row: Hillary Pollaro, Sydney Weisbach, Sarah Seitchik Sebastian, Joe Mariska, Sarah Lincoln, Meg McCabe, Janet Pero, Cherie Graham, Becca Lizarraga, Jen Gauna, Kenyon Devault
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I’m thrilled to announce the growth of our team. My eldest daughter, Courtney Condy, has joined us as a real estate professional. Having grown up immersed in this industry, it’s heartwarming to see Courtney choose to become a part of our team. | |
Many of us made the natural migration from San Francisco to Marin County, drawn by the exceptional quality of life our beautiful region offers. Just a reminder that in September, our team is hosting a series of Sunday open house brunches for anyone thinking about moving to Marin but unsure where to start. This is a fantastic opportunity for your kids and their friends to get their questions answered and start their journey to finding a dream home in Marin. They and you are welcome to stop by our office in Ross for coffee and pastries. | |
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As we look forward to the coming weeks, we’re excited to launch several outstanding fall listings in Mill Valley, Kentfield, and Ross. Please visit our website for more details, and stay tuned for our September newsletter with more exciting updates.
Happy Labor Day Weekend!
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Coming Soon
224 Woodland Road, Kent Woodlands
6 BD | 5.5 BA |5,609 SQ FT | 0.8893 - Acre Lot | Pool
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Coming Soon
16 Sheridan Court, Mill Valley
6 BD | 4 BA | 5,705 SQ FT | 1.9132 - Acre Lot |
Pool & Pool House with Full Bath
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Coming Soon
West Marin
3 BD | 3.5 BA | 5,735 SQ FT | 15.5 - Acres
Guest House with Full Bath
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Coming Soon
Ross
4 BD | 3.5 BA | 4,280 SQ FT | .7591 - Acre Lot |
Pool
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144
Successful Buyer Purchases Larks.
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2024 CHC Team Property Sales | |
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121 Woodland Road, Kent Woodlands
Sold: $12,500,000
Multiple Offers
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34 Laurel Avenue, Larkspur
Sold Off-Market: $11,200,000
Buyer Representation
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Waterfront Home, Belvedere
Sold Off-Market: $8,600,000
Buyer Representation
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23 Spring Road, Kent Woodlands
Sold: $6,780,000
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1 Orchard Way, Kent Woodlands
Sold: $6,000,000
Buyer Representation
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80 Marina Vista Avenue, Larkspur
Sold: $5,500,000
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603 Goodhill Road, Kent Woodlands
Sold: $5,500,000
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446 Palm Avenue, Kentfield
Sold: $4,500,000
Represented Both Buyer and Seller
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196 Deer Hollow Road, San Anselmo
Sold Off-Market: $3,400,000
Buyer Representation
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5 Palmer Court, Tiburon
Sold: $3,388,500
Buyer Representation
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30 Ross Terrace, Kentfield
Sold: $3,200,000
Multiple Offers
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250 Harvard Drive, Larkspur
Sold: $3,025,000
Multiple Offers
Buyer Representation
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513 Goodhill Road, Kent Woodlands
Sold: $3,005,000
Multiple Offers
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291 Riviera Drive, San Rafael
Sold: $1,900,000
Buyer Representation
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2008 Fifth Avenue, Sun Valley/Forbes, San Rafael
Sold: $1,900,000
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67 Bolinas Avenue, Ross
Sold: $1,825,000
Buyer Representation
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19 Santa Clara Court, San Rafael
Sold Off-Market $1,700,000
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121 Harbor Drive, Corte Madera
Sold: $1,520,000
Buyer Representation
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14 Bedford Cove, San Rafael
Sold: $855,000
Buyer Representation
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Red Rock Island in San Francisco Bay secures mystery buyer
SF Gate - August 18, 2024
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Marin County Real Estate Insights
Compass - August 2024 Report
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Marin County Real Estate Market Dynamics by City, Town & Region Compass - 2024 Update | | |
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23 Ross Common, Suite 3 | Ross, CA 94957
415-461-8609 | carey@chcteam.com
chcteam.com | DRE 01323032
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for information purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, conditions, sale or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. | | | | |
