Foreclosure in Reading>Question Details

Justice Spel…, Renter in Reading, PA

Whats the avg cost to list a home in PA?

Asked by Justice Speller, Reading, PA Thu May 6, 2010

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The usual commission is 6%. As stated below that is figured into the price. Not using a professional to sell your home will actually cost you money.
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0 votes Thank Flag Link Wed Jul 14, 2010
There's no standard in PA but most homes are listed at 6%. For high end homes it's common to see 5% (>500k). Less expensve homes (say <150k) could be 7%. This is due only if the home sells.
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0 votes Thank Flag Link Thu May 6, 2010
Actually, Justice, it costs nothing to LIST a house with a real estate agent - you pay no commission, advertising or any other type of fee to a real estate agent unless they actually get your house SOLD. When a seller signs a listing contract, the commission at that point here in Berks County is generally 6%, although you can certainly ask the realtor if their brokerage is willing to negotiate the commission - but that commission is ONLY paid at settlement. Up to that point, listing a house costs nothing to a seller. The 6% commission is split to pay half to the Buyers Agent (so that the buyer has no Buyer Agent fees to pay on top of the cost of buying a house) and half to reimburse the realtor for all the costs involved in advertising, marketing, and time they spend getting your house sold.

However, since sellers who don't use a real estate agent to sell their home on average wind up with less from the sale of their house (since most buyers who look at For Sale By Owner homes automatically deduct the 6% commission from the price because they know the seller isn't paying a commission, and then usually try to negotiate a deep discount on THAT price because they know the seller doesn't have an agent negotiating for them), it's always worth while having an agent working for you, whether you're a buyer or seller.

Hope that clarifies the situation......
0 votes Thank Flag Link Thu May 6, 2010
Justice,

Commissions are negotiable but generally speaking, 6% of the price of the home is what we see most.
6% = 3% to selling agent, 3% to listing agent or all 6% to the lister if they bring the buyer themselves.

There are flat fee agents like Assist 2 sell that charge a fixed flat rate + 3% that the other agents like to get paid. Check out http://WWW.BerksFlatFee.com for more information.
Web Reference: http://www.BerksFlatFee.com
0 votes Thank Flag Link Thu May 6, 2010
Actually, the cost to list a home (using a flat-rate MLS service) is about $200. See http://www.google.com/search?hl=en&rls=com.microsoft%3Ae… Or just do an online search for "flat rate MLS Pennsylvania."

Commissions vary and are fully negotiable. They'll depend in part on whether you want full-service or a la carte service.

Hope that helps.
0 votes Thank Flag Link Thu May 6, 2010
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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Hu Justice, the averge cost to list is 5 - 6% of the final sales price. If you need more information, please feel free to email or contact me. Hope this helps.
0 votes Thank Flag Link Thu May 6, 2010
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