Frisco
REAL ESTATE
Island Real Estate: Hatteras Island home sales and trends for August
There are a lot of changes happening in the real estate world right now, and not just as it pertains to home sales or mortgage rates. If you’ve been reading online or watching TV lately, you probably have seen that the NAR (National Association of Realtors) reached a settlement in a lawsuit and it has changed the way that real estate professionals and consumers do business together. One of the big changes is that, here on the Outer Banks, real estate agents are now required to get a signed buyer agency agreement before showing houses. Before this settlement went into effect (just a few days ago), I could take people “house hunting” without that signed agreement. Going forward, if you want to look at homes with someone here at the beach you’ll have to sign an agreement before proceeding on the house hunt.
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