13 Sep What percentage goes to the agent?
As you probably know, hiring an agent isn’t free; they need to make a profit too. The amount you pay an agent will depend on the specifics of the situation. Often, you don’t pay a fixed amount but rather a certain percentage to the agent. In this article, we’ll provide more information about the percentage for agents, so you know what to expect.
Costs for purchasing
Costs fall into two categories: purchasing and selling a property. First, let’s look at the costs associated with purchasing a property. The fees charged by an agent are often referred to as commissions. For buying a property, you should expect to pay around 1% of the total purchase price. Sometimes, there may be additional costs for specific services, so we recommend contacting the office for more information. Of course, there are additional factors to consider. Check out our top 10 tips for choosing an agent for more insights.
Costs for selling
The costs for selling a property are slightly different. Generally, the fee for the agent is between 1% and 2% of the sale price. If you’re selling an expensive home, these costs can add up. To get a clearer picture of the costs, it’s wise to request a quote. A quote will show you the total costs for your property. Don’t hesitate to discuss the fees with the office; there is often some room for negotiation on the price.
