When you are looking for the right real estate agent to sell your home, one of the considerations will always be how much it is going to cost you.
Selling your home can be complicated, with a lot of costs that you may not have considered, so making the right choice about the real estate agent you use will help to clarify the costs. With LocalAgentFinder, you can find out what the average costs are in your area, and what each real estate agent charges with our real estate commission split comparison. Once you connect with an agent, our side-by-side views in our agent panel, make it much easier to take the commission and fees information into account when you are making your decision.
Commission Split Comparison
Commission is one of the costs that you need to consider when you are selling your home. It is the main way that real estate agents make money from the transaction, and as a rule, the more they sell your house for, the more money they make for themselves and the agency.
Commission is usually one of two main types:
- Fixed Rate
A specific amount regardless of final cost. This makes it easier for you as the seller to budget for – you know the cost upfront – but it may mean that the real estate agent is more willing to sell your home for less in order to get it sold quickly.
- Tiered Percentage
Commission paid on a sliding scale, with a significantly higher percentage on a sale price more than an agreed amount. An example of this would be a commission rate of 2.5% up to a certain price, and then a 10% rate on anything higher. This is something that can be agreed with the real estate agents before you begin the selling process.
Real Estate Fees Comparison
Fees are a tricky one, because there are so many things that could fall into this category. As a rule, most real estate agent fees are the costs involved with marketing your home – and this can vary from area to area, as well as from agent to agent.
Marketing costs might include online marketing – placing your home on a real estate site (or more than one), which often has a fixed cost – for example, a 28-day listing on Domain.com.au costs $499. Marketing can also include local newspapers and magazines, billboards, and flyers – all of which come at a cost.
Choosing The Optimal Real Estate Price And Commission For Your Market
To make the best decision, you need to make sure you fully understand the commission and fees that are being charged to you – these are often bundled together by the real estate agents. Before you make your decision, our real estate price comparison allows you to gauge how they stack up against the competitors – but we want to make sure that you don’t make your decision based solely on cost.
Although it might be an instant reaction to choose the real estate agents that charge the least, what you need to be aware of is what that will cost you in the long run. Cheaper agents might not have the experience in selling homes like yours. They might have properties that linger too long on the market, or they might not work as hard to get you the best price. They might even have bad ratings for customer service!
This is why when you do a real estate commission split comparison with LocalAgentFinder, commission and fees are only one part of the data we provide for you. Consider all the available information before you create your shortlist.
Using LocalAgentFinder to perform a real estate price comparison will help you be sure that you are getting the right service for your money.