Wyoming real estate agents typically charge a 5.3% commission on the total sale price of a home. This is lower than the national average of 5.5%%. Although real estate commissions are negotiable, most agents will charge a standard rate.
If you’re thinking of selling your home in Wyoming, it’s important to know how much you can expect to pay in real estate commissions. Use this guide to learn more about the average real estate commission in Wyoming and how it is calculated.
How Is the Real Estate Commission Calculated?
The real estate commission is typically split between the buyer’s agent and the seller’s agent. In Wyoming, the average commission is 5.3% of the total sale price of the home. This means that if you’re selling a home for $200,000, you can expect to pay $10,600 in real estate commissions.
The commission is negotiable, so it’s important to ask your agent how much they charge before signing a listing agreement. You may be able to negotiate a lower commission if you’re willing to pay the buyer’s agent directly.
Are Commissions Negotiable?
Yes, commissions are negotiable. However, most agents will charge a standard commission of 5.3%. If you’re looking to save money on commissions, you may be able to negotiate a lower rate with your agent.
For example, you could agree to pay the buyer’s agent directly. This would lower the overall commission because the seller’s agent would not be entitled to a portion of the buyer’s agent’s commission.
You could also try to negotiate a lower percentage commission with your agent. For example, you could ask them to lower their commission from 5.3% to 4.8%. This would save you $400 on a $200,000 home.
Get Multiple Offers before You Sign
The best way to save money on real estate commissions is to get multiple offers from agents before you list your home. This will give you the opportunity to compare commission rates and choose the agent who is offering the best deal.
To get started, contact a few different agents and ask them how much they charge in commissions. Be sure to ask about any other fees that they may charge, such as marketing fees or transaction fees.
You can also use an online service like FastExpert to compare commission rates from different agents in your area. FastExpert is a free service that connects you with top-rated real estate agents in your area.
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 Wyoming. We only work with top-rated agents in your area who will sell your home quickly, efficiently, and for top-dollar.