Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.
Another poster has posted a statistic that the nationwide average commission is now 5.1%. Commissions are always negotiable and you may wish to negotiate up front with your listing agent for an even lower commission in the even there is an unrepresented buyer involved.
If I decided to continue with my plan of FSBO and a buyer was represented by an agent, how much commision would I expect to pay? Problem is I'd walk away from my home with no profit if I use an agent!! (only lived in it a year, we're relocating so we must sell)
You best check around and find out what the norm is for your particular area. Pay at that rate and not below it. Keep in mind many Realtors consider FSBO's as twice the work for half the money.
Normally FSBOs pay the buyer's agent 1/2 the normal percentage that goes with having full representation. So, if the norm in your area is 5%, then 2.5% would go to the buyer's agent. If the norm in your area is 6%, then 3% to the buyer's agent.
In most areas of the US at the moment, you are lucky if you get a gain after a year of ownership even if you don't pay any real estate commission. I sympathize with an unexpected relocation.
"Until relatively recently, travel agents have been the key intermediary between travel suppliers and consumers, with information as their primary stock in trade. However, changes to information technology and the advent of the internet have the potential to allow travel suppliers and consumers to interact directly, thus threatening the existence of the traditional travel agent."
hmmmm interesting sounds suspiciously like the Real estate industry.
fast forward a little ........... read it again
Until relatively recently, real estate agents have been the key intermediary between sellers and buyers with information as their primary stock in trade. However, changes to information technology and the advent of the internet have the potential to allow sellers and buyers to interact directly, thus threatening the existence of the traditional real estate agent.
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
Commision 6%?
Amberleighe
Contributions: 22
View full profile
I have seen several posts here mentioning 6% Commision?? Then I see others saying 3%, what is the more commonly "expected" commision by an agent?
If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.