- Commission-Based: Typically charge around 6% of the final sale price (3% to the buyer’s agent and 3% to the listing agent).
- Costs: On a $350,000 home, this amounts to $21,000 in commission fees.
- High Earnings: In high-value sales, both agents can earn significant amounts, which can be a concern for sellers.
Flat Fee Realtors:
- Transparent Pricing: You know your costs upfront, typically much lower than traditional commissions.
- Full Services: Offer the same level of service as traditional agents, guiding you through the entire selling process.
- Options: Flexibility in choosing services that suit your needs, potentially saving you a considerable amount.