Home Selling in 89108>Question Details

Sambfonck@ya…, Renter in Las Vegas, NV

I have a condo (paid off) that I want to sell so I can buy a house, will it cost me any money to sell it? How much does a realtor charge? Closing cost

Asked by Sambfonck@yahoo.com, Las Vegas, NV Fri Mar 22, 2013

Help the community by answering this question:


You have some good answers below. If you would like to send me the property address privately I can run a free CMA (Comparative Market Analysis) for you. This will tell you what we think we can sell your condo for. Once we have that price I can have our title company provide you with a free estimated HUD1 which will have an itemized estimate of all of your closing costs, points, and fees. While this is still an estimate it will be the closest estimate to the actual cost as you can get without having the actual sales contracts.

You can send me the address directly below or you can send it via our seller's form here: http://www.lvrealestatehelp.com/selling-real-estate.html

Best Regards,
Robert Adams
Licensed Real Estate Broker NV#62827 MA#9530304 RI#18138

NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies

MA & RI Broker at Sankey Real Estate
C: 508-250-0345

1 vote Thank Flag Link Fri Nov 7, 2014
Hello Sam,

Yes it will cost money to sell your home, however those expensives are generally not out of pocket. A Realtor can charge whatever they feel is a fair price for there services whether it be a flat fee or a percentage of the list price. Each agent is different and therefore the charge will be different. Most agents work for FREE until they actually sell the property and then all costs come out of the proceeds. This way, the agent will foot the expense for all the advertising, signing and promotions to get your property sold for you.

Your additional costs (also known as closing costs) for selling could include but are not limited to;

1. Commission of the agent - previously discussed
2. County Recording Fees (Generally less then $100)
3. Escrow Fee (You generally split this with the buyer 50/50) this depends on the price of your condo.
4. Buyers closing costs (This is negotiated in the deal and you may or may not pay this - generally 3-6% of the price)
5. County Transfer Taxes ($5.10 per 1000 - again based on the price)
6. Owners Title policy (Based on the price of your property)
7. Reconveyance Fee ($250 or less)
8. Home warrantee (This is if you are paying for the buyer - negotiable generally $450)
9. HOA Transfer Fees (depends on your association up to $350)
10. Prorated tax amounts (For any taxes you havent paid up till the last day of ownership)
11. Prorated sewer/trash (Sometimes this is included in HOA .. Sometimes its independent)
12. Brokerage Fee (Which is a fee above the commission - charged by the agents broker)
13. Loan Discount Points - This is so the buyer can purchase and is rare in this 2013 market but still possible

Until the value of your property is determined, there is no way to give you a true break down of cost. I would recommend setting up a time to meet with an agent, see if your comfortable with the answers they provide to your questions and then sign up to get your home sold! It's a great time for sellers to sell.

Great question and GOOD LUCK!

Valerie Fuller
Prominent Realty
1 vote Thank Flag Link Mon Mar 25, 2013
There are no average commissions and it is unlawful for agents to discuss them. Your best bet is to interview several agents and ask a lot of questions including how much they charge at the time of the interview. Don't base your final decision on commission alone. Not all agents are equal and what types of services they provide.

Do your homework. Be honest with your agent. And once you have decided, make sure you listen to your agent and follow what they tell you to do. We do this full time and have much more experience than the average home owner. We know what pitfalls may lie ahead and how to avoid most of them.

When you do these things, you will obtain the outcome you are searching for.

Best of luck in your home sale.
1 vote Thank Flag Link Fri Mar 22, 2013
Sam, the number 1 rule for any seller is INTELLIGENT PRICING - which is getting your home sold quickly at FAIR MARKET VALUE. Next, negotiate with each party in the transaction - Realtor, Title Company, Buyer, Mortgage company to get the best prices from them. $100 here, $300 there, $250 from someone else and suddenly, you have added 15% to your overall net.

I have successfully negotiated over $300,000,000 in transactions over the last 20 years. I would be happy to work with you to squeeze every penny of profit for you.

Daniel Richards 702.673.7022
Signature Real Estate Group

Visit my website glvresales.com
0 votes Thank Flag Link Fri Aug 29, 2014
Your best bet is to work with a REALTOR and work out a complete pricing strategy. My partner and I prefer to meet with home sellers to discuss the sales process from start to finish. We will explain all closing costs to you, the seller, and if you should choose that you would like us to list your home for you, we will discuss the services we will provide for you and negotiate a commission.

We would appreciate the opportunity to meet with you to discuss your condo and provide you with our opinion of it's current market value.

Don George & Amanda Barron George
Realty ONE Group
0 votes Thank Flag Link Tue Oct 29, 2013
I'd love to help you answer this question contact me through my profile.
0 votes Thank Flag Link Tue May 28, 2013
Of course! Duuuhhh but how much is a different story and you can negotiate your costs all the way through the sales process. Let me show you how.

Search :



Phil Scheinman, ABR, GRI, E-PRO
Broker * Sales Agent * Realtor
Realty One
2831 St. Rose ParkwaySte. 100
Las Vegas, NV 89074
Direct: 702-580-9198
Fax: 702-614-9337
0 votes Thank Flag Link Sun May 12, 2013
Reading these answers, your question is not being answered fully. Yes commissions are negotiable however I give a 'quantity discount'. The rule of thumb I give my sellers is 7% of the house value should cover my commission and closing costs in this market. I promise my commission is worth it with this in mind. I have access to thousands of buyers when I put you into all my websites and the MLS. I'll always get you more money then if you tried to sell it yourself so my commission is paid for.
The biggest question here is strategy. Do you sell before and move twice? Do you get a loan secured now or later. How hard is it to get a house. Do I have any unlisted houses you can look at.
It's a funky market and you need an agent who knows it backwards and forwards.
With over 20 years of Las Vegas Real Estate experience each, we're the team to use.
Give us a call and we'll strategize.
Terri Capodieci
Kurt Grosse
Realty One Group
0 votes Thank Flag Link Sat Mar 23, 2013
If you sell your self you'll be paying between 1.5 to 3% and if you use an agent you'll be paying an additional 4 to 6% on average but it's negotiable on the services you'll need. Call me and well work out an affordable plan for you or I can coach you on how to sell your self. Matthew 501.0973
0 votes Thank Flag Link Fri Mar 22, 2013

Commissions are negotiable....!
Closing costs can be at a minimal right now because there is low inventroy here in town.
In most cases,...buyers have to be competitive to get their offer accepted,..many times bidding up and taking on most of the cost.

Give me a call when you have a moment and I will happy to discuss the current market situation with you and help you to put a stategy together...

Contact info is below...

Hank Lauzon III

Exit Realty Number One
6600 W. Charleston #119
Las Vegas, Nv 89146

Cell 702-449-0899
Office 702-949-2409
Fax 702-543-6844

Web : http://www.HanksLVRealestate.com

Email: HankLVRealestate@aol.com

Facebook: http://www.Facebook.com/HanksLasVegasRealEstate
Never look down on anybody...unless you're helping them up.
0 votes Thank Flag Link Fri Mar 22, 2013
Of course as the seller you will have a number of fees, called closing costs, registration fees, and yes if you list your home with a brokerage / listing agent to market, advertise and sell your home on your behalf you will be charged a commission at the closing table, which depends on the brokerage and
listing agent....
Best is for you to connect with a local Realtor, if you need a recommendation get back to me I gladly send you a good recommendation, and discuss all the expenses you will have and eventually you may
have to do a few things to make your home ready to be put on the market, small things that show your
home better than without doing them.

Good Luck to you
Sincerely yours, Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE :)Covering for @Properties Chicago & suburbs,
and with her trusted Partner Agents US & world wide properties. French, German, some Spanish &more
EdithSellsHomes@atproperties.com EdithSellsHomes@gmail.
Check out my website http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
0 votes Thank Flag Link Fri Mar 22, 2013
Typically total closing costs including commissions average about 8% for selling a property in Las Vegas. Commissions are negotiable. Please contact to discuss how the costs break down and the value of your property.

Mike Kruse
VIP Realty Group
Web Reference: http://lvhomesbymike.com
0 votes Thank Flag Link Fri Mar 22, 2013
Good Morning,

There are no set commission costs, however, the average total commission is about 6% in Las Vegas. Closing costs will vary between 1-3% depending how the buyers offer is written. Feel free to contact me to discuss the costs in more detail.

Jason J. Schielke
Keller Williams Realty Las Vegas
3100 S. Durango Drive
Suite 106
Las Vegas, Nevada 89117
Direct: (702) 858-7598
Office: (702) 212-2222
Fax: (702) 543-3830
Email: LiveVegasNow@gmail.com
Website: http://www.LiveVegasNow.com
0 votes Thank Flag Link Fri Mar 22, 2013
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