Want to sell your home without an agent? A basic MLS flat-fee listing service can help you get your home on the MLS, but this approach does have its drawbacks. This is what you need to know.
If you sell your home conventionally, you’ll typically pay a 3% real estate commission to the two agents who handle your transaction: your listing agent and the buyer’s agent. That equals a 6% total commission.
Sellers owe a number of fees at closing, including realtor commission fees, transfer taxes, recording fees, title insurance, and more. Here’s what they are, how much you can expect to pay, and how to save on many seller closing costs.
Wondering how much real estate agents earn when they close a sale? Learn what can impact their average pay here!
Understanding what agents do for their commission, who pays realtor fees, and how that money is distributed between the agents, is the key to answering some of the even more pressing questions— i.e., can you negotiate realtor fees, and how can you reduce real estate commission.