What is the Average Real Estate Commission in Washington?
Listing your home with a professional real estate agent is one of the smartest decisions you can make. Not only will they help you determine the right asking price, but they’ll also handle all the paperwork and marketing for you. But what does it cost to hire a real estate agent in Washington?
In Washington, the average real estate commission is 5.2%, below the average national real estate commission of 5.5%. However, keep in mind that commissions are negotiable, so you may be able to negotiate a lower rate with your real estate agent.
How Can I Negotiate a Lower Commission with My Agent?
While it’s true that most agents charge a standard commission, it’s also true that this rate is negotiable in many cases. If you’re working with a buyer’s agent, they may be willing to lower their commission in order to earn your business.
The same is true when working with a listing agent. In a buyer’s market, when homes are taking longer to sell, you may be able to negotiate a lower commission with your agent.
It’s also important to remember that you don’t have to pay the entire commission upfront. In most cases, the seller and buyer will split the commission 50/50. So, if the total commission is 6%, the seller will pay 3% and the buyer will pay 3%.
Choose FastExpert to Help You Find an Agent
If you’re looking for the best deal on selling your home, consider listing with a FastExpert agent in Washington. We only work with top-rated agents in your area who will sell your home fast.