Selling your home in South Carolina will likely involve paying a real estate commission to your agent.
The amount of the commission is typically a percentage of the final sale price of your home and is negotiable between you and your agent. In South Carolina, the average real estate commission is 5.9%, according to a poll of FastExpert agents.
That ranks above the national average of 5.5%. So, if you’re thinking of selling your home in South Carolina, it’s important to understand how real estate commissions work and what you can expect to pay.
Here’s a closer look at the average real estate commission in South Carolina and what factors can affect the amount you pay.
What is a Real Estate Commission?
A real estate commission is a fee that’s paid to your agent for selling your home. The commission is typically a percentage of the final sale price of your home and is negotiable between you and your agent.
For example, if you sell your home for $200,000 and agree to pay a 5% commission, your agent would receive $10,000.
The amount of the commission is typically based on the sale price of your home. In general, the higher the sale price, the higher the commission.
However, the percentage you pay in commission will also depend on factors like the type of agent you use, whether you use a discount broker, and the market conditions in your area.
FastExpert is a free platform that connects you with top local real estate agents. We can help you sell your home for the best possible price and save you money on commissions.
The FastExpert Advantage
When you work with FastExpert, you get the benefit of our nationwide network of top real estate agents. We only work with agents who have a proven track record of success. This means that you can be confident you are working with the best possible agent to sell your home.
Get started right now by finding a top-rated real estate agent in South Carolina. We will help you sell your home faster and for more money.