When we bought our house 10 years ago I think it was 3% when we sold and 3% when we bought.We are getting ready to sell our house in 1 state and buy in another.
2006-07-27 01:49:09 · 6 answers · asked by stephanie s 1 in Business & Finance ➔ Renting & Real Estate
I will be moving to another state and will buy a home there. When I purchase my new home will I have to pay the realtors commission?Or does the seller pay that?
2006-07-27 05:26:18 · update #1
Generally, commissions run in the 5% to 6% range. However, if the realtor lists the house on MLS, then the realtor has to split the commission with the other realtor.
2006-07-27 01:53:54 · answer #1 · answered by The Man 4 · 0⤊ 0⤋
Nobody has really answered your question yet -- here's the answer you're looking for:
When you purchase a home, chances are pretty darn good that you won't have to pay a Realtor a dime. Most Realtors collect their commission from the selling agent. The only scenario where I see you paying a Realtor to help you purchase a home is if you find a 'for sale by owner' or something along those lines.
If you find a home that is listed in the MLS, the listing agent has agreed to pay your Buyer's Agent a portion of the commission. As the previous posted pointed out, there is no set rate, everything is negotiable.
Again, when buying, you generally DO NOT pay Realtor fees.
Hope this helps!
2006-07-27 06:33:53 · answer #2 · answered by pumpkinlina 1 · 0⤊ 0⤋
Anything less then 5% and you are dealing with a discount agent, one who only wants as meny listings as they can bank and hope they sell ~ profit in volume. The 6 to 7% will give you more personalized service and usally sell your home faster and for top dollar! It all depends on your needs and all commissions are negotiable.
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2006-07-27 03:07:48 · answer #3 · answered by Paul D 2 · 0⤊ 0⤋
first of all, there is no set commission rate. sherman antitrust laws prohibit price fixing and allocating, so the rate of commission is negotiable in every case. get a realtor, and ask what percentage they charge. if they say 6%, that will be split between the agent who lists your home for sale (your agent), and the agent who assists the buyers in purchasing your home. any agent who says "the standard rate is ..." is either lying or stupid.
you should ask your realtor "what rate do you charge for this type of transaction?" if you don't like it, you can either negotiate, or go to another agency.
remember, the rate of commission is negotiable, but remember that you get what you pay for.
2006-07-27 05:15:02 · answer #4 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
basically one agent could have the unique good to record your assets on the industry. you may cancel inclusive of your chum and hire yet another agent or you may confer together with his broking service in case you think of he's not doing an excellent activity of merchandising and marketing your assets. have you ever spoken to him? what's he doing? Does he have a proof for the slowness in showings and provides? you do no longer say how long you have had it on the industry and no count if that's priced in retaining with the industry circumstances on your section. you would be able to could wait and notice because of the fact this is no longer an user-friendly industry. If yours is a "conventional" sale then comprehend which you're competing with all the financial employer short revenues and foreclosure.
2016-11-03 02:41:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It all depends. It can go anywhere from 3% to 6%. I work in a real estate office and we presently charge about 4.5%
2006-07-27 01:52:45 · answer #6 · answered by Doreen A 4 · 0⤊ 0⤋