Hiring a real estate agent to help you sell your house, then you have to pay them and most realtors choose to get paid by commission. So how much do realtors charge to sell a house in Austin? Well, there are usually two agents involved in closing the sale of a home- the buyer’s agent and the seller’s agent. These agents share a commission of 6% of the total sale price. For instance, if a house sells for $300,000 at a 6% commission, that means the seller’s and buyer’s agent will split the $18,000 and each gets $9,000.
Who pays the commission?
The commission is usually paid by the home seller, the payment covers the commission for both the seller’s and buyer’s agent (if the buyer has one).
What is dual agency?
Dual agency is when an agent chooses to play the role of both the buyer and seller’s agent- in this case, the agent is called a dual agent and he collects the full commission.
However, becoming a dual agent can be stressful and draining which is why many agents do engage in dual agency besides, it’s not allowed in some places or locations.
What does the real estate agent commission cover?
As a seller, you can choose to sell your home yourself without hiring a real estate agent. However, you may not be able to do all that a real estate agent does to ensure you sell your house. A real estate agent helps with pricing your home, marketing it across different platforms, negotiating with buyers, and closing the sale of your home.
Real estate agents can help you sell your house at the best price possible while relieving you of the stress and hassle that comes with selling your house. A real estate agent job is not an easy one and it’s fair to say that they earned whatever amount they’re being paid in commission.
Are real estate agent commission fees negotiable?
There are no standard laws or guidelines that set commission rates and also commission rates may vary across different states hence commission is negotiable. As a home seller, you can try to negotiate commission with your agent but note that the agent is not under any law to accept your negotiation if the outcome doesn’t work for him.
That’s not to say that you can’t ask for a lower commission as a seller. Most realtors might be willing to work with your terms and in the worst-case scenario choose not to.
How Can You Avoid Paying Realtors Fees?
If you’re looking to sell my house fast Austin while trying to avoid paying realtor fees, then you’re better off selling to a cash house buyer. At Austin All Cash, we buy houses Austin at the best prices and you don’t have to pay any realtor fees.
Austin House Buyers will ensure the selling process is seamless and stress-free without having to hire a real estate agent.
Contact us today to learn more about our services!