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As a seller what % can I expect for realtor fees and what % for closing cost in Encinitas, CA?

  • March 30 2014 - Encinitas
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Answers (6)

The commissions sellers pay are divided into four pieces, between the listing broker, listing agent, buyer's broker, and buyer's agent.

Real estate fees are negotiable. First and foremost, it is important to keep in mind that you get what you pay for. While there are many real estate companies and many real estate agents , only a few do most of the business . There are several types of real estate companies . Only a few are full-service companies. When weighing out who to work with, it is important to factor in what each company offers , and look heavily at the experience, skill, expertise, and track record of the agent . An experienced agent who aggressively and extensively markets your home, will have the best chance of achieving the highest possible price with the smoothest experience .

In Encinitas it is common for the Listing Broker to receive between 2.5% and 3%, depending upon what services they have to offer and other various factors.  

Typically a seller also pays 2.5% to 3% to the buyer's broker.  At this time we are seeing more sellers offering 2.5% to the buyer's broker. The total real estate fees that the seller typically pays are between 5% and 6%.

Miscellaneous closing costs can be expected to be around 1%. An Encinitas real estate agent can provide you with detailed accounting in order to itemize the exact costs for other miscellaneous expenses such as owners title insurance, escrow fees, transfer taxes, home warranty plan to the buyer, transaction coordinator fee, proration of property taxes and mortgage payments, etc. The miscellaneous costs do not include termite repairs or any other repairs subsequent to inspections or other issues the seller may negotiate with the buyer. 

  • July 11 2014
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Profile picture for San Diego Asset
It is fully negotiable, by law.  However, stellar agents will not typically take a listing for a dramatically reduced fee.  You do get what you pay for.  I don't know the price range that your home would sell for, but in Encinitas, you're likely going to be dealing with 5-6% for the commission, and approximately 1% for your closing costs.  A good Realtor can help you estimate the latter more accurately, and also provide you a net sheet to clearly show you what net proceeds you can expect at different sales prices.  There are all types of agents, and there are all types of sellers.  You want to be a savvy seller, and to maximize both the price you can achieve in a reasonable amount of time for your valuable Encinitas home, and also minimize the risk, headaches and problems.  With that said, I urge you to choose an exceptional agent, and to not let total commission be your primary concern.  My goal is to always provide value in excess of what I'm paid for my clients, and I pride myself in so doing.  You are in control, and are free to choose, but owners who obsess over listing for the lowest possible fee, get service and value commensurate with that investment.  
Good luck and reach out to me if I can help in any way.  
  • May 29 2014
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Profile picture for faridabadi
1-2% if you FSBO and find a buyer without a buyer's agent

OR

6-7% through agent. Just make sure you get the most expensive agent since you get what you pay for :) 
  • March 31 2014
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As with a lot of service providers that work off of commission, there is no established commission guideline set by the industry.  With that said, you can expect to pay between 4 to 6%, of the sales price, for Realtor fees and an additional 1 to 1.5% for closing costs (estimated) depending on a multitude of variables.  

There are many types of agents and the adage, "You get what you pay for" is true in this case.  Paying for full service brokerage from a reputable and professional agent may save you thousands of dollars.  Why?  Let's face it, a home is probably the largest asset most people will ever own.  A full service brokerage is going to recommend what it takes to get your property ready to sell, price it competitively and then negotiate, on your behalf, to get you top dollar.  The end result is normally a positive experience.  
 
 When it comes time to sell your home, I recommend interviewing three agents for the job of selling your home.  I would expect the agent to share with you their:  1) Professional References, 2) Listing Plan of Action (what they do to sell homes), 3) Comparative Market Analysis (similar properties that are active on the market or that have recently sold), 4) Contract and Disclosures, and a 5) Netsheet with the estimated seller proceeds.

Best of success to you!
  • March 31 2014
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Your typical Realtor fee is 6% total (this includes the Buyer's Broker fee too). You can expect to pay approximately 1% for closing costs but this fee can vary depending on many factors, including city/county transfer fees and taxes, whether you have a HOA, as well as the service providers you choose ie. escrow company, title company etc.
  • March 31 2014
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Hello, it's realistic to expect approximately 7% total, including commissions and other closing costs.  Broker commissions are negotiable. The total can be a little higher or lower, depending on your agent and on what repairs are needed.  Let me know if you have any other questions, I'm happy to help.  I can give you an estimate on how much money you'll walk away with, after paying the closing costs and any existing mortgage(s).  You can also call or text me at [removed by Zillow Moderator. Please see our Good Neighbor Policy for posting guidelines].
Best wishes, Mylene
  • March 30 2014
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