Post # 1
Member10635 posts
Sugar Beekeeper
- AB Bride
- 8 years ago
- Wedding: January 2011
No poll, as there are too many options. Feel free to include the dollar amount if you want.
MemberPost # 3
Member10635 posts
Sugar Beekeeper
- AB Bride
- 8 years ago
- Wedding: January 2011
Here, most realtors charge 3.5% on the first $100000 and 1.5% on the remainder. There are discount places, but we decided to go ahead with a realtor who gets paid under the more common method. We spoke to a few, none were willing to negotiate on that.
I do think it’s a bit steep considering the house prices! Why should our realtor get paid more if we buy a $500k house instead of a $350k house? The less expensive house would likely be more work, as there’s more competition.
Post # 4
Member1721 posts
Bumble bee
Post # 5
Member469 posts
Helper bee
- cupcakebride2013
- 8 years ago
- Wedding: December 2013
according to the 3.5/1.5 rule… our relators got about $4,000. Not bad for 1 month of searching (only on sundays) and not really doing much else. lol
My poor mortgage guy. If anything after our house he deserved a raise!
Post # 6
Member10635 posts
Sugar Beekeeper
- AB Bride
- 8 years ago
- Wedding: January 2011
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Post # 7
Member3967 posts
Honey bee
- love108
- 8 years ago
- Wedding: September 2014
I don’t think there’s a rule. I think each realtor company charges a different percentage. I know when we tried to sell my grandparents house I think we negotiated down to 2.9% because we didn’t sign up for a lot of their “tools.”
Post # 8
Member887 posts
Busy bee
- newlynesting
- 8 years ago
- Wedding: March 2010
Sellers pay 7% (3.5% to each realtor) for homes in our area. The real estate company we use also charges $110 administration fee per transaction (buying or selling). We’ve had five transactions with our realtor since February 2012, so I think we’ve been pretty good clients for him 🙂
Post # 9
Member12244 posts
Sugar Beekeeper
- BrandNewBride
- 8 years ago
- Wedding: May 2013
Oh man!
In Vermont, 4% is standard, and 10% if it’s a mobile home!
And it’s not like they take 100% of the comission… a lot of it goes to their office!
Post # 10
Member7308 posts
Busy Beekeeper
- lovekiss
- 8 years ago
- Wedding: October 2011 - Bed & Breakfast
Our buyer’s agent made $16k on our deal. She’s a friend, so I was thrilled for her to get that paycheck. 🙂
Post # 11
Member9680 posts
Buzzing Beekeeper
- MrsPanda99
- 8 years ago
When we use a realtor (and we usually don’t), we don’t pay more than 2% ever. Essentially all you need is a lawyer and I hate giving money to people to do something I can do myself. As far as I’m concerned, it’s money wasted and who likes to do that?
Post # 12
Member10635 posts
Sugar Beekeeper
- AB Bride
- 8 years ago
- Wedding: January 2011
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I also liked having an experienced realtor for our first purchase. I doubt we would have saved his full commission on the sale price if we tried to negotiate that anyway.
Post # 13
Member10355 posts
Sugar Beekeeper
- crayfish
- 8 years ago
- Wedding: September 2010
Each agent typically makes 3% in CA where we live (unless it has been negotiated otherwise). Usually the real estate company makes a huge chunk of that, so the agent doesn’t make 100% of the commission (by a long shot).
$14,280 went to each agent (so $28,560 total). The seller pays the agent.
Post # 14
Member469 posts
Helper bee
- cupcakebride2013
- 8 years ago
- Wedding: December 2013
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Post # 15
Member1776 posts
Buzzing bee
- Schatzie821
- 8 years ago
- Wedding: August 2010
We were the buyers and ogot agent got about 12.5k. The seller’s agent got 11.4k, I have no idea why they were different.
Post # 16
Member10635 posts
Sugar Beekeeper
- AB Bride
- 8 years ago
- Wedding: January 2011
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I was joking with DH that our realtor made $1000 for each house we saw. It wasn’t quite that high, but pretty close! Especially if you omit the few houses that we walked out of because they were in horrible condition.
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