How Do Real Estate Agents in Detroit Get Paid?

Odd are that if you are reading this article, you are looting to sell your home. If that’s the case, are you considering on taking the traditional route and hiring a real estate company?

If the answer is YES the keep on reading. I am sure I can shine some light on what that means and help YOU the reader better understand exactly what you are getting in to when hiring a real estate agent to sell your home in Detroit, MI.

1st. Real Estate Agents get paid on commission. In 2020, the average percentage for real estate agents is 6% of the price that your home sells for. This percentage is usually split between the agent your hired (Seller’s Agent) & the Buyer’s Agent. Resulting that each individual agent would receive an equal split of three percent of your home’s final sale price.

EXAMPLE: You list your home for sale and are asking for lets say… $100,000.00. Both the seller’s agent and the buyer’s agent will receive 3% of that sale. a Total of $6,000.00. This commission is paid buy YOU the seller; leaving you with $94,000.00.

As a home seller you have to know these fee’s and what they mean for your pocket. You as the seller will always pay for the commission of the seller’s agent and the buyer’s agent. There is no way of getting around it while hiring a real estate agent in Detroit.

If you’d’ like to avoid paying a percentage of your home to an agent.. well you are in luck. All you have to do is call (313) 878-1606. See, we do not charge a commissions, fees, or have to offer your home to anyone else. That is because WE are the home buyer ourselves.

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