Real estate agent costs

[snoop101]

Good moring all

We are going to build anew house and will need to sell our condo this summer. With the one builder they cover the charge of the real estate agent. While the other one does not.

My question is, how much on average does it cost to sell a home? I been hearing things about the 1% real estate costs, but there must be a catch because I though it was up in the 5% mark.

[yellowsnow]

Standard fee is 7% for the first $100k, and 3% for the remaining balance. This is split 50/50 between the selling and buying realtor.

[vw_rabbit2.5]

while that is what most realtors charge, there is no set standard commission. Usually when you are selling and buying through a realtor, they will cut you some sort of deal. This usually happens on the selling transaction, because the seller is the one who pays the realtor commissions. Buyers do not have to pay for the realtors (both purchasing realtor and listing realtor).

[01RedDX]

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