Ying He | Source | Realtor at Barb Co
Ying He
Highly respected San Francisco realtor. Specializes in residential market. Keeps a close tab on the local market. Former finance professional who is an expert on market trends and statistics.
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Barb Co
Realtor
started Jun 2017
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Podcast
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Navigating a Crowded Real Estate Market: Expert Tips from Realtor Ying He
Ying advises buyers to create clean, non-contingent offers, perform thorough due diligence, and aim for a short closing period. She emphasizes, "The key is to know exactly what you want and do all the necessary homework ahead of time." Ying also suggests considering alternative mortgage options to manage higher monthly payments. -
New Buyer Agent Fees: Impact on Housing Market
Ying notes that in slow markets, sellers may cover buyer agent fees to attract attention, while in hot markets, they are less inclined. "Covering these fees can help sellers receive multiple bids," potentially increasing the selling price. The new rules have also caused confusion among agents and buyers, with varying approaches to the new buyer's agent agreement. -
Navigating Post-NAR Settlement: Real Estate Expert Offers Insights
Ying explains, “There are no official guidelines; buyers should negotiate commissions with agents.” She suggests sophisticated buyers or those purchasing known properties might benefit from flat fee or hourly models. Key elements in a buyer's representation agreement include exclusivity, contract duration, location, price point, exclusions, and cancellation terms.
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“We had a market correction in the second half of 2022,” He told ConsumerAffairs. “My analysis says by the end of the year, the prices were down about 15% from the peak in spring 2022. Since the New Year, there has been very little inventory on the market. So far in 2023, it looks like we will have low inventories, more moderated prices, and far fewer bidding wars.” - Consumer Affairs
