Standard Agent commisions in Bedford

Asked by Matt, Merrimack, NH Wed Mar 18, 2009

Im thinking about buying a property in Nashua and was wondering what typically the real estate commisions are for both selling and buying. Also if you take the home buying tax credit and for some reason you sell the property and take a loss or lose to foreclosure are you still liable to repay it. Is it afe to assume that you would not have to based on this information

Payback Provisions
The tax credit essentially serves as an interest-free loan to be repaid over 15 years.
For example, a home buyer claiming a $7,500 credit would repay the credit at $500 per year. However, the buyer doesn’t have to start repaying the credit until two years after the tax year in which the credit is claimed.
If the home owner sold the home, then the remaining credit would be due from the profit of the home sale.
If there was insufficient profit, then the remaining credit payback would be forgiven

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Val Cloutier’s answer
Val Cloutier, Agent, Londonderry, NH
Wed Mar 18, 2009
Hi Matt,
You asked what the typical Seller's and Buyer's agents commissions are in this area. The agreed on commission for selling a property is negotiable between the Seller and the Agent, and could depend on many factors. If I just blurt out a commission, that could be considered "price fixing", a big no-no.

Buyer's Agents can also negotiate their commission, depending on the situation. Since it's part of our MLS rules that agencies offer a co-operating fee, Buyer Agents will sometimes agree to accept the stated (shared) commission listed in MLS. Since this is paid from the Seller's proceeds at closing, the Buyer would not owe a commission. Some folks prefer to pay their Buyer Agents a flat fee, most or all of which will be covered by the commission as listed in MLS. I've also seen more than one instance where the Buyer's Agent accepts the co-broke as listed PLUS an additional bonus an incentive to negotiate the price and terms for the Buyer (remembering that the lower the price is negotiated, the lower the commission will be). What I'm trying to say is that there is no one set way that Buyer's commissions are paid.

That said, I can tell you that it's most common to see co-broke commissions that range between 2% and 3.5% of the sale price. Some Listing Agents split their commission 50/50, and others don't. That also is negotiable, and the Seller determines what the split will be. Their Agent can offer their opinion, but in the end, it's the Seller's decision

Your other question regarding the home buying tax credit is how I understand THAT particular program to work. However, the other tax credit (10% of sale price/max. 8K, with no payback) program may or may not be better for you. If you meet the fed's guidelines for one or both programs, I would suggest speaking to a tax professional to see which would be best for your particular situation. Here's a great website that has all the facts:

If I can be of any assistance in the buying or selling process, you are welcome to contact me at your convenience with any of the contact information below. In any case, I wish you all the best!!

Valerie Cloutier, Realtor®
MA & NH Real Estate Services
Accredited Buyer Representative
e-PRO Certified 2008
Innovative Realty, Londonderry NH

603-965-5197 Cell
800-746-8448 x424 Toll Free
603-425-1193 Fax
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0 votes
UpNest Top R…, Agent, Burlingame, CA
Fri Mar 27, 2015
I noticed this conversation dates back to 2009, but as it's very relevant to our service, we wanted to chime in for anyone else that comes across this thread.

Commission is always negotiable, and the Department of Justice even condones it as good competitive behavior among agents. So 6% commission is almost always the normal rate but that can really vary depending on the location and price of the home you're wanting to sell.

Many agents are willing to be flexible on commission rates, but it's not something they like to advertise. And most clients are not very capable or comfortable negotiating rates.

At UpNest (, we created an online marketplace where home sellers can confidentially submit their homes, and multiple top local agents will compete to obtain your listing. Some agents lower their commission rates to stand out, and every agent that submits a proposal is an experienced agent, so it's not the same as working with a low grade discount brokerage.

Take care!
0 votes
Charlotte Ma…, Agent, Nashua, NH
Wed Mar 18, 2015
Each agent works differently and each agent offers a variety of service. Commissions are discussed between listing agent and seller. Give me a call if you would like to discuss.
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