Saturday, May 26, 2012

What Is The Average Fee For Selling A House in Boston - Realtor.com

questions

Q: What is the average Realtor fee for selling a house in greater Boston?
?Anonymous, Lexington, MA

A: As a California agent, I?m not sure what is customary in Boston. However, I have dealt with transactions in many states and have experienced 6% as the typical fee for listing a home for sale. 3% goes to your listing agent and 3% goes to the buyer?s agent.

Having said that, fees are completely negotiable. You can pay more or less and even have structures like 3% to your agent & 3% to the buyer agent for a total of 6% OR 5% to your agent for representing both sides.

I highly recommend not paying a lower commission. If you are set on paying a lower commission, make sure YOUR agent gets the lower commission, not the buyer agent. For example, if you negotiate a 5% commission, make sure your agent gets 2% and the buyer agent gets 3%.

Buyer agents often show homes that pay higher commissions. It is not ethical, but it happens. I?ve seen it happen. Do your best to ensure agents are clamoring to show your home. Some sellers offer 4% to the listing agent to get lots of activity.

I hope this helps.

Denise-The-Realtor
Denise Shur is a Realtor? with 1:1 Realty in San Jose, CA.

A: It will vary greatly from one brokerage to the next, as policies regarding commissions are set at the brokerage level. ?Typical?, ?average?, that can be very misleading. As always, keep in mind that you get what you pay for ? deciding on who represents you solely based on lower commissions can lead to disappointing results.
Alex Cortez is a Realtor? with Wailea Village Properties LLC dba/Island Sotheby?s in Kihei, HI.

A: Average commission rates is not something that we are allowed to discuss. Your best bet is to call a few different real estate offices and ask them.

Hope this helps.
Jody Lorberbaum Moore is a Realtor? with Lang Realty in Boca Raton, FL.

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