What Your Realtor Isn’t Telling You
As any home buyer or seller can attest, finding and working with the right real estate agent is vital to a successful transaction. A great agent should provide counsel and advice, assess the value of a house, coach you through the paperwork, and help you navigate due diligence. There are, however, a few “secrets” of the trade that realtors won’t divulge, and understanding these could save you a lot of time, energy, and potentially thousands of dollars.
Secret #1: The commission IS negotiable.
There is no “standard” or set commission rate in real estate. The typical commission a seller pays ranges between 5% and 6% of the sale price of the home. Most sellers pay between 2.5% and 3% to the listing agent, and 2.5% to 3% to the buyer’s agent. According to the Denver Metro Association of Realtors, the current average home price of a residential home in Denver is $561,999. That means that, when sold under a traditional commission structure, roughly $33,000 of your sale income goes into someone else’s pocket.
Click here to view the original web page at yourhub.denverpost.com
I am an active Realtor specializing in the Douglas County /El Paso County areas. I have experience listing and selling residential properties throughout Douglas County including: Castle Rock, Parker, Highlands Ranch, Franktown, Sedalia, and Larkspur. I am currently expanding my business to; Black Forest, Monument, Colorado Springs, Peyton, Falcon, Woodland Park, Divide and Cripple Creek.
