Average Massachusetts Real Estate Agent Commission Rate
When it comes to commission rates, 5% is usually the average, but recently I’ve been seeing a wide range of rates, from 3% to 6%, with 5% being the most popular. Commission rates are negotiable, but they are not the only aspect to focus on. So you should interview multiple agents, and make sure you ask detailed questions. The New York Times quoted UpNest (formerly known as LessThan6Percent) CEO Simon Ru regarding how letting agents compete for your business can help drive down commission costs, helping homeowners save thousands when selling their home.
Knowing an what your home is worth is a good first step towards deciding if selling is the right decision for you. Being equipped with the right market knowledge will help you hire the best real estate agent and be ready to counter offer buyer offers when your home is listed for sale.
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