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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.
2. Selling ‘For Sale by Owner’. Selling a home is a complex and legally intensive process. While it might be tempting to save on commission fees by selling the home yourself, this can be a ...
The largest cost will likely be real estate agent commissions, which are paid by the seller and usually amount to between 5 and 6 percent of the sale price. If you sell your home for $300,000, a 5 ...
A Zillow study from 2021 found that homes listed on Thursdays were more likely to sell for above their asking price than those listed on other days of the week.
Depends on location. $4,500 (assuming 1 percent of purchase price) $1,000 (varies) $2,250 (assuming 0.5 percent) $328.03 (combined average for electricity, natural gas, water and sewer, according ...
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 ...
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 ...
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