The real estate calculator can assist you in determining the cost of selling your home. There are two sides involved in a real estate transaction: the buying side and the selling side.
If you decide to list and sell your home in the MLS using a listing agent, you will pay a real estate commission from the proceeds of the sale. This commission is paid to the listing brokerage. The listing brokerage will then offer a percentage of that amount to a buyer’s agent to bring a buyer. Typically the listing broker will offer 50% of the commission to a buying brokerage to bring a willing and able buyer to the table.
What is the cost of a real estate commission?
In Metro Atlanta, the average real estate commission is between 5% and 6% of the home’s sale price. The buyer’s agent receives 2.5 percent to 3 percent commission in most locations, whereas the seller’s agent receives 2.5 percent to 3 percent commission. As a seller, you can get this percentage lowered for the same level and better services by listing your home with a discount real estate agent. Floyd Brooks Real Estate will list your home for a 1% listing fee. This will save you thousands of dollars.
Who is responsible for the real estate agent commission fees?
When buying a house, you won’t normally have to pay a real estate agent commission, but you will have to pay closing costs. After you sell a home, you typically pay a commission to both your listing agent and the buyer’s agent when the transaction is completed. In Georgia, this payment is dispersed by the closing attorney at closing based on the agreement between the listing and buying brokerages.
Can You Negotiate Your Realtor’s Fees and Commission?
The short answer is yes. In Georgia, realtor fees are negotiable. Take into consideration that your real estate agent is most likely an independent contractor. That means that they run their own business and they pay their brokerage a fee for the permission of using their name and services to market to potential buyers. Most agents cannot offer you 1% to list your home. On the other hand, Floyd Brooks Real Estate has negotiated a lower rate with his brokerage. These savings will be passed down to you.
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Sell Your Home for a 1% Listing Fee.
