Did you know that the average real estate commission in Utah is 5.2%? According to a poll of FastExpert agents, this is slightly below the national average of 5.5% for real estate commissions. However, there is a wide range of commission percentages across the country, from as low as 2% to as high as 8%.
So how do you determine what percentage is right for you when listing your home?
Here are a few factors to consider:
- The type of property you are selling
- The location of your property
- The current real estate market conditions
- The amount of work the agent will be doing for you
- Your negotiation skills
If you are selling a high-end property, you may want to offer a higher commission to attract the best agents. Similarly, if you are selling in a hot market, you may be able to negotiate a lower commission. Ultimately, it is up to you to decide what is most important to you and what you are willing to pay for the services of a real estate agent.
What Does an Agent Do for You?
Real estate agents provide a number of services to help you sell your home, including:
- Listing your home on the MLS
- Marketing your home to potential buyers
- Showing your home to prospective buyers
- Negotiating with buyers on your behalf
- Coordinating the closing process
As you can see, there is a lot that goes into selling a home. If you are working with a full-service agent, you can expect to pay a higher commission. If you are only using an agent for some of the services listed above, you may be able to negotiate a lower commission.
The Bottom Line
The average real estate commission in Utah is 5.2%. Ultimately, it is up to you to decide what percentage is right for you when listing your home. Consider the type of property you are selling, the location of your property, and the current real estate market conditions. You may also want to consider the amount of work the agent will be doing for you and your negotiation skills.
How Does FastExpert Work?
FastExpert is a free online service that helps you find the best real estate agent for your needs. We provide you with a list of top-rated agents in Utah, so you can compare their commission rates and services. We also give you the option to read reviews from other clients, so you can make an informed decision.
There is no obligation to use FastExpert, and you can start your search for the perfect agent today!