Selling a home in North Carolina usually comes with a real estate commission of 5.5%. This is the average US commission rate according to a poll of FastExpert agents.
However, the actual commission you pay may be lower or higher depending on a number of factors. For example, if you sell your home through a discount broker, you may pay a lower commission.
The size of your home and the location can also affect the real estate commission. Homes in major metropolitan areas tend to have higher commissions than homes in rural areas.
Can I Buy and Sell a Home with the Same Agent?
When you use one agent to both sell and buy a home in Charlotte, NC, they may be able to offer a discount since they are double-ending the transaction. This is something you’ll want to ask your real estate agent about upfront.
What Other Services Does a Real Estate Agent Provide?
In addition to negotiating the sale of your home, your real estate agent can also help you find a home to buy. They will be familiar with the different neighborhoods in Charlotte, NC and can help you find a home that meets your needs.
Your real estate agent can also help you negotiate the price of the home you are buying. They will be familiar with the market conditions in Charlotte, NC and can help you get the best price possible.
Do I Have to Pay the Full 5.5%?
The 5.5% commission is just the average, so depending on the services your agent provides, the rate could be higher or lower. If you’re not happy with the commission rate your agent offers, you can always negotiate.
How are Commissions Split in North Carolina?
Keep in mind that the real estate commission is usually split between the buyer’s and seller’s agent. So, if you’re selling your home, you’ll likely be paying 2.75% to your listing agent and 2.75% to the buyer’s agent out of pocket.
Let FastExpert Help
If you’re thinking of selling your home use FastExpert to help you sell your home with a top-producing real estate agent in North Carolina. Just enter your zip code and we’ll match you with a list of qualified, local agents who will provide you with a free, no-obligation consultation. Get started now!