What is a reasonable fee for Real Estate agents to charge for selling a home? I’m located in California.
There are some real estate companies that will sell your home for a flat fee, but they are hard to find. Most of them are the For Sale By Owner websites that you mentioned. Most good real estate companies only work on commission. I'm not sure what kind of experiences you've had with real estate agents in the past, but they do alot more than just list your property on MLS. There's alot of time spent advertising and promoting your home and if it doesn't sell your agent isn't paid so all their time and effort goes unpaid. Maybe you'd be best to just ask around from friends and family to get some advice on some good agents in your area. Attending open houses is another good way to meet agents and you get to see what type of effort they put into marketing the home.
Realtor's can charge anywhere between 0 to 6%. Shop around and see what realtors are charging generically, and then negotiate with them. They will provide you a service, and should be paid for what they do, just don't get ripped off. Commonplace is anywhere from 2 to 3 %. Good Luck.
The normal rate around the country is 6% of sale, but since the market is turning you should be able to negotiate. You have to remember that unless he is the broker of record for the company, they will have to split there fee's. Plus if they are not the listing selling agent then fee's will have to be split. So in most cases the person you are working with does not get thee whole fee. So in some case's your are getting alot for very little money, remember you get what you pay for.
Most likely between 4 - 5%. Generally the listing agent has to split the commission 50/50 with the buyer's agent. The higher your sale price is, the lower you can get your commission %. Selling a $1m house doesn't cost the agent any more than selling a $750k house, so you should try and get them down below 5%.
