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Commissions usually total 5% or 6% of a home’s selling price, so for a $450K home, roughly the average price of a home in the US, a seller would be responsible for $27,000 in fees.
In June, the median sale price of a home was $442,451, according to Redfin. Under the previous practices sellers would be paying $26,547 in commissions. That customary rate is no longer the default.
Thousands of dollars in commission are at stake from most home sales: The average home sold for about $250,000 in 2022 in the Lansing/East Lansing region, which — based on a 5% commission ...
The new rules, which go into effect nationally on Saturday, apply to brokers and agents representing clients looking to buy or sell a home advertised on a multiple listing service, or MLS ...
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 [4] by co-executive chairmen Rich Barton [5] and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current ...
Your home's list price can influence how buyers view the property and can affect the time it takes to sell. Online home-price estimators are useful, but agent-created analyses and professional ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. [ 1][ 2] In terms of law ...
With data on well over 160 million US homes, its residential revenue has outperformed the real estate industry average for six consecutive quarters. Still, it’s a down market. Zillow reported ...
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