Law Office Of James R. Nelson & Associates, LLC

Whether you're in the midst of purchasing a home or just considering it for the future, understanding the importance of a home inspection is crucial. It’s not just another box to check off — it’s your chance to uncover any hidden issues before they become costly problems.

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Do you have legal questions about the homebuying process? Our team is here to help you every step of the way! Reach out anytime.

Refinancing your property can be a smart financial decision, whether you're seeking better interest rates, accessing equity, or adjusting loan terms. However, it’s crucial to navigate the legal aspects carefully to ensure the process is both beneficial and secure.

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If you're considering refinancing, reach out to our firm — we're here to help guide you through the process.

Happy Halloween! 🎃

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During property transactions, unexpected title issues can cause delays or even derail the process if not addressed promptly. Swipe for a quick look at some frequent title issues and how to resolve them ↩️

If you have questions or need assistance with your property transaction, our team is here to help. Reach out to us anytime.

Real estate scams are on the rise, exploiting even the savviest buyers and sellers. Swipe through for an overview of common scams and ways to protect against them.

As always, if you have any real estate questions or simply want us to take a look at listings or contracts, do not hesitate to give us a call. Our team is here to ensure your real estate investments are safe and sound.

I had a couple of calls already on the NAR settlement. I have not read the full settlement agreement yet but I will say that there are changes coming and they will come fast!
1. Listings will be at a premium!! Many buyers will choose to call the listing broker instead of paying a buyer broker themselves. I would guess that listing agents adapt and start charging 4 or 4 1/2% probably as they realize they will be showing the home themselves many many times.
2. Every broker must now have a buyer broker agreement signed. This is a good one. Once you have that signed, my preliminary understanding is that you still can put in an offer that says my buyer offers $400,000 with you the seller paying my 2 or 2 1/2% fee. One broker asked me but if my client is up against another offer from a buyer going through the listing broker, we will lose. That is true if the offer price is the same AND if the market stays like this. When the inventory and market get back to normal, the seller will welcome your offer!!!
3. Many different business models will pop up!! Some buyer brokers might try charging a flat fee per listing shown. Some listing agents will take listings and realize they are going to do all the showings or most by themselves but will get more organized. “We are showing that home on Wednesday from 5-7 or Saturday from 9-11.” No way brokers can run out on every call!
4. Be willing to adapt! Don’t get frustrated or feel you are out of business!!! Brush up on your listing presentations! Try new things! Explain what is going on in the market and be able to show your value as a buyer broker! Go the extra mile and I think you will be surprised.
5. If you are a buyer’s broker on a team, make sure you cover yourself!!! You will need to negotiate a fee in when your principal wants you to show 20 different buyers a home but none want to pay you themselves. And look at #3 which will save you time and may help create excitement around the home!