The commission depends on what level of service and what you work out with your broker. 6% is common, but can vary.
To give one a fair idea of how to best sell the home one has to consider the following:
1) What homes closest to yours SOLD for in the past 6 months.
2) Is it a double or a single? Does it have income coming off the back unit?
3) Where is the location?
4) How fast do you want to sell?
5) Now after answering 1 through 4 you are ready to list based on your established criteria.
How I can best help is providing detailed info on 1 through 3, and we work together to establish #4, then every 30 days review how and when you readjust your stategy for selling. Depending on where and what one is selling in Uptown, this constantly evolving market demands change ...and as such one has to adjust how and where you market the property.
Do not average these numbers.
Prices will vary within the same zip code, block by block, housing stock by housing stock.
Does the artists studio have its own meter?
To get your real price expectations you need to remember three things...
1) Insurance - - where and how a buyer will get it
2) Taxes - what you are paying vs what the new owner will pay
3) Ability of a qualified buyer to get the loan.
Make sure your potential agent can clearly identify how and to whom they will assist a possible buyer with these issues.
You asked about standard real estate commission rates, and Ian was right. It's 6%. The other poster was right, too. It's somewhat negotiable depending on the broker the agent works for. In order to get a realistic price per square foot, you need an agent who knows that particular market and area of N.O.
If you are looking for a referral to one of the top producing agents in the area (meaning one who does a lot of business in that area), I can refer you to someone. You might want to give me a call at 318 869 5894 if you're still looking.
Make sure, especially Uptown, you do not get an agent who is promising you a gazzillion dollars...get the comps for sale and the SOLDs...and in this market, the agent must understand what and how properties are selling, where and whom to call for insurance quotes and so on. Selling a house.....especially in the New Orleans area has become selling an entire package...the house, financing options, insurance options and how a specific neighbourhood in a specific zip code is developing Post Katrina.
Good luck .
The range for the prices without looking at the exact address can vary from $125 to $200 per SF.
With more details such as the address, and overall condition, I can email you two reports to help you now...a list of SOLDS in the last 6 months, and what inventory is on the market now that most closely is like your home.
Then, later today I can drive by the house to tighten what you should ask to sell the house.
Email or call me at (504)615-2333. Thank you