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What's the average commision percentage for the Phila. area for a property being sold?

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April 29 2009 - Somerton
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Answers (5)

RESPA laws really make it difficult for us to answer that question.  It might look as though we are price fixing which would be unfair for consumers. 

I suggest speaking with friends and relatives who have recent sold a home.  If this is not possible interview multiple agents to get a feel what to expect also to know where your hard earned money is being spent.  I know it takes time to go through the hassle of inerview but the end result usually equals more $$$ in your pocket when sold.

Hope this helps.
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April 03 2011

You should hire a realtor you trust. One who will advertise and promote your property to buyers and other agents.You do get what you pay for.  I'd suggest Interviewing a few agents. Commission is negotiable. Find an agent you are comfortable with and then discuss commission.

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March 30 2011
Compensation is set by each individual agent.  As Reeltor99 stated, you should assess the skill level and marketing ability of each agent you interview.  All agents are not created equally.

Inventories in most markets are at all time highs.  Qualified buyers have diminished greatly.  You need to find an aggressive agent who has a plan to overcome the adversity and get your home sold.

Bottom line:  you get what you pay for. 
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March 18 2011
5 to 6%
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March 15 2011
There is no such thing as an "average commission" because every real estate firm sets their commission structure independent of each other.
As a consumer, be careful to determine not only what you are paying, but what you are getting when you meet with real estate agents.

Every agent you meet with will bring different skills and skill levels to bear on the problem of selling your home. Each will have different tools and marketing programs. And each will have different levels of company support behind them. Be sure that there is an aggressive Internet marketing strategy in place and a method of executing it. See what support is given on a company level and who, besides your agent is there to help you with your marketing and sales effort. Determine how much money is offered to the agent representing the buyer and how information on your property is conveyed to them.


In the final analysis - make sure that you're paying enough to get the job done right - remember that an agent who has nothing to offer except a lower commission level probably has nothing to offer as a trusted advisor and marketing expert.
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April 29 2009
 
Related Questions
What's the average commision percentage for the Phila. area for a property being sold?
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April 03 2011 | 5 answers
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