Zillow Advice: Home Buying - What is the going rate for realtor commissions and or fees? http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ Zillow Advice | Zillow Real Estate @nancylaverick007You can ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ <ul class="zsg-media-bd signature-list"><li class="first-line clearfix">@nancylaverick007</li></ul><div>You can try For Sale By Owner if you want to do the marketing on your own and don't see the value in using RE agents.&nbsp;</div><div><br/></div><div>You should at least hire a real estate attorney to help you with the contracts - this is a lot of money and you should have an expert on your side to make sure you don't hit any pitfalls, especially on the contractual/legal side of things.&nbsp;</div><div><br/></div><div>There are tons of websites and places to research 'how to' FSBO, it's worth the time doing the research. Like most things, prep work is key to a great result.</div> Wed, 30 Sep 2015 12:10:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2015-09-30T12:10:00Z I am in an area where it ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ I am in an area where it is so desirable that houses are sometimes sold to the realtors. They are never!!! On the market for more than 10 days to 2 weeks. At 5% my house is on market for 825- 900,000.00 . I hate paying over 40,000.00 for a home that sell almost by itself. Is there anything I can do? Wed, 30 Sep 2015 08:57:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2015-09-30T08:57:00Z @PeekabooYou've buried an ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ @Peekaboo<br/><br/>You've buried an important question in an old thread.&nbsp;&nbsp; <br/><br/>If a house took four years to sell, chances are good it was seriously over priced or no one was buying in your area.&nbsp;&nbsp;&nbsp; It is not normal for a listing agent to bring the buyer, the listing agent is supposed to advertise so that buyers and buyer's agents can be aware the property is available. <br/><br/> Wed, 01 Apr 2015 17:14:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2015-04-01T17:14:00Z "As you can see, since 1990, ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ "As you can see, since 1990, the real estate environment has become more complex."<br/><br/>Not much has changed since 1990 other than a few DOJ anti trust lawsuits against the RE industry, increased availability of full service flat fee companies and the use of primarily internet marketing for real estate.<br/> Wed, 01 Apr 2015 16:24:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2015-04-01T16:24:00Z With the lower end homes ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ With the lower end homes it is customary - at least where I am - to charge a flat fee commission. I've seen this range from $1250 each side up to $2500 each side.<br/><br/>I do the same amount of work, marketing, etc., for each of my listings whether they are $55,000 or $300,000. Although many of the lower end listings I've received were not fit for open houses (condition issues, extreme odors, etc.). Wed, 01 Apr 2015 16:02:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2015-04-01T16:02:00Z Jleach,You indicate you are ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ Jleach,<br/>You indicate you are seeking to PURCHASE/BUY real estate. As a buyer you do not play a role in the fees involved in the buying and selling of single family homes sold in the traditional manner. These fees are negotiated between the home owner that the listing agent and those fees are not negotiated after the listing contract is in place and/or a purchase offer is accepted.<br/><br/>Be aware, there exist 12 methods an owner may choose to sell their propertty. This agility imposes greater complexity in the sale of real estate. In some instances, ALL professional fees are deferred to be paid by the BUYER. What applies to you is greatly dependenton the real estate you choose to buy.<br/><br/>Are you buying traditional?<br/>Are you buying foreclosures?<br/>Are you buying auctions?<br/>Are you buying direct?<br/>Are you buying wholesale?<br/>Are you buying invisible inventory?<br/>Are you buying with private money/bank lender/portfolio/JV/ your cash?<br/><br/>As you can see, since 1990, the real estate environment has become more complex. You really need to pick up the phone and call a local REALTOR and have them give their perspective of what is available to you and at what cost.<br/>&nbsp;<br/>The right answer to your question requires more data.<br/><div>Best of success,<div>Annette Lawrence, Broker/Associate<div>Remax Realtec Group<div>[Contact information removed by Zillow moderator. See our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm" title="Good Neighbor Policy" rel="nofollow">Good Neighbor Policy</a>.]</div></div></div></div> Wed, 01 Apr 2015 15:35:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2015-04-01T15:35:00Z Just what should I pay a ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ Just what should I pay a realtor to sell my home?<br/><br/>5% 6% or 7%?<br/>I think 7% is high way to high for a realtor who just sits in the office and never had Open House to show my home and when I asked him to put my home in a Sunday newspaper... He said No, that wad too expensive and He never not&nbsp;&nbsp;put my home in a newspaper in a larger town near by.??<br/>&nbsp;<br/>Only the small town newspaper where I lived. &nbsp;My home took 4 years to sell with a local realtor and was only sold after&nbsp;another agent for a different town found a buyer ! She showed it 4 times and then It sold.<br/><br/>He never earned the 7% fee that I payed him..I&nbsp;was very upset by the time it was sold. In checking with him...he told me the market had slowed down? He ever bought one buyer to see my home. !!!<br/>&nbsp;<br/><br/>&nbsp;<br/>&nbsp;&nbsp; Wed, 01 Apr 2015 15:21:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2015-04-01T15:21:00Z jleach - In Texas, same as ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ jleach - In Texas, same as Cindy said - commissions are negotiable, most of the time you will find 6% to be the norm. &nbsp;Working with investors can be a little different with the lower end buys but they are usually repeat customers so because of the quantity of deals a realtor may get, one might be willing to work something out with you. Mon, 09 Apr 2012 15:00:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2012-04-09T15:00:00Z As a consumer, I suspect ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ As a consumer, I suspect what you are running into is that you are looking at houses in a very low price range.&nbsp;&nbsp;&nbsp; If one does the math using a 6% commission (paid by seller) on a $25,000 house and the agent splitting the commission with the broker, they pay <u>before</u> taxes and business expenses would be $375 dollars.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Therefore, I suspect many agents consider this amount too small for much effort.&nbsp;&nbsp; <br/><br/>If you've already identified a house and don't need any assistance beyond submitting an official purchase offer, then you may find one who'd work for the commission.&nbsp;&nbsp;&nbsp; If you wish help accessing possibilities, going with you to look at possibilities, submitting offers, monitoring all the actions (such as inspections etc), etc&nbsp; I suspect you'll not find an agent who will work for just the commission at the low end of the prices.<br/><br/> Mon, 09 Apr 2012 14:59:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2012-04-09T14:59:00Z First, everyone on here is ... http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ First, everyone on here is correct there are very strict ant-trust laws in place. So, it makes things challenging when discussing rates on these sites.<br/><br/>I do work with investors, and usually the house buy side is very cheap. However, they flip the house so I earn my commission on the sell side which balances everything out.<br/><br/>Considering most agents have to split their commission with the broker we are essentially working for free at this price point. So, I do think you can expect to pay something to a Realtor if you choose to work with them.&nbsp;<br/><br/>However if you are buying an investment property I would think this is a fair deal to pay someone a little extra to help you.&nbsp;<br/><br/>Otherwise look at working directly with sellers. There are plenty of Websites and places like Craigslist where these types of investment properties are advertised. Typically a investor has already fixed up the home and has a&nbsp;tenant&nbsp;in the property. All you have to do is buy the home and start getting cash flow.<br/><br/>Whether you understand how to fully analyze a rental property I don't know. Paying a Realtor who has rental properties themselves to ensure you are getting into a good deal might be worth it.<br/><br/>Good Luck~ Mon, 09 Apr 2012 14:52:00 GMT http://www.zillow.com/advice-thread/What-is-the-going-rate-for-realtor-commissions-and-or-fees/438364/ 2012-04-09T14:52:00Z