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How much is involved in listing a house with a realtor?

Okay my husband grandma passed away in june, his name is 1/3 on the deed, we are all in agreement to sell the house. I have contacted a realtor, so i guess the real question is how much of a percentage do they take from the sale if you are the seller, does the buyer pay any extra costs? i've never bought a house from a realtor or sold one either just a curiosity question to get things started, and get his ball rolling!

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Bluesdawg02

Asked by Bluesdawg02 at 11:42 PM on Oct. 29, 2009 in Money & Work

Level 9 (302 Credits)
Answers (5)
  • 6% is usual commission in CA. A good realtor will tell you ALL the expenses...from inspections on down.
    gdiamante

    Answer by gdiamante at 3:35 AM on Oct. 30, 2009

  • Talk to several realtors before you sign a contract.
    rkoloms

    Answer by rkoloms at 8:07 AM on Oct. 30, 2009

  • When we were gonna list our house it was 6%, 3% for the sellers agent and 3% for the buyers agent. All you have to do is call a few and they will tell you.
    how_reb

    Answer by how_reb at 8:24 AM on Oct. 30, 2009

  • Oh, and you can say that the has buyer pays the closing costs
    how_reb

    Answer by how_reb at 8:25 AM on Oct. 30, 2009

  • In NC, the going rate is 6%, although some ReMax agents will cut some of that commission out. But it's not split equally between the listing agent and the buyer's agent. Usually the listing agent gets 3.4% and the buyer's agent gets 2.6% (due to costs of advertising the property). You can also add a "selling bonus" of whatever amount you agree upon ($1K and up usually moves properties, because buyer's agents want to sell them and get the extra money!).
    Some offers will stipulate that you pay the closing costs, other will pay it themselves - depends upon the buyer.
    missanc

    Answer by missanc at 8:36 AM on Oct. 30, 2009

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