WHAT PERCENTAGE OF THE FINAL HOME SALE PRICE DO YOU CHARGE?
The percentage of the final home sale price that real estate agents charge as a commission can vary, but it typically ranges between 5% and 6% of the home's sale price. This commission is usually split between the seller's agent and the buyer's agent. However, the exact rate can sometimes be negotiable and might depend on factors such as the local market conditions, the specifics of the property, and the level of service provided by the agent.
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For example, in a highly competitive market, agents might be more willing to negotiate their commission rate. Alternatively, if you are selling a high-value property or if the agent is representing both the buyer and the seller (dual agency), there might be room for negotiation. It's always a good idea to discuss the commission rate upfront with your agent and ensure you understand what services are included in that fee. This way, you can make an informed decision and avoid any surprises at closing.