Who Pays the Commission When Buying or Selling a House?
There are a lot of questions people have when buying or selling a home, but one of the most common ones is “Who pays the commission fee?” Whether this is your first time buying or you’ve purchased before, this question can still trip up many buyers and sellers in the market. It pays to know the answer so you can confidently navigate the buying or selling process. Your friends at Bradberry Garner Real Estate are here to answer your questions!
If you have questions about buying real estate on the Crystal Coast or would like to learn more about the financing process when buying a home, call our team of real estate experts at 252-515-0552 or contact us online today. Want to know more about commission on home sales? Contact our team or read on below.
Who Pays the Commission on a Home Sale?
Most often, the seller will pay the commission fees for both the selling agent and the buying agent. The buyer will pay closing costs. Sometimes, the seller will include the price of commission in the asking price for their house. This means those fees can be passed on to the buyer. Be sure to ask your local Crystal Coast realtor (us!) if you have any questions about the process and be upfront with what you’re comfortable with!
Learn more about home buyingHow Much is Real Estate Commission When You Buy or Sell a Home?
Generally, commission in real estate is five or six percent of the sale price, although some agents may have a higher commission. This percentage will be split, with half going to the buyer’s agent and half to the seller’s agent.
It’s easy to think that the whole percentage is going to your agent, but don’t be fooled! Your agent will pay for advertising, office expenses, sign rentals, and other business-related costs with that commission.
Do You Have to Pay Real Estate Commission if Your Home Doesn't Sell?
Your realtor will generally only be paid if you sell your home or buy a property, but always read the details of your contract to be sure. Should your contract expire and your home not sell, you most likely will not be required to pay the commission. Exceptions may occur if you back out of a sale after accepting an offer or other extraneous circumstances present themselves. If you have questions about who pays the commission and when or are looking for a local real estate agent, contact our team of real estate specialists.
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Do You Have to Pay Real Estate Commission if Your Home Doesn't Sell?
Your realtor will generally only be paid if you sell your home or buy a property, but always read the details of your contract to be sure. Should your contract expire and your home not sell, you most likely will not be required to pay the commission. Exceptions may occur if you back out of a sale after accepting an offer or other extraneous circumstances present themselves. If you have questions about who pays the commission and when or are looking for a local real estate agent, contact our team of real estate specialists.
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Choose Bradberry Garner Real Estate to Help You Buy or Sell on the Crystal Coast
Buying or selling a home can feel stressful at times; we’re here to make sure that the entire process is as smooth as possible and give you the tools you need to be successful. Start by browsing the current home listings along the Crystal Coast and let us know which one catches your eye!
You can also use our incredible technological tools to stay ahead of the market by getting notifications for new listings, viewing 3D walkthroughs and virtual tours, and receiving neighborhood reports. Our Bradberry Garner Real Estate team is here to give insight into all the steps we take as your realtor to get you the best value possible. If you’re ready to get started, call us at 252-515-0552 or contact us online today!
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Get In Touch With Us
- 252-515-0552
- bradberrygarner@gmail.com
- 5113-A Hwy. 70 Morehead City, NC 28557
