Advanced | Simple | Early Payoff | Refinance | HELOC | Recast | Interest Only | Biweekly | Extra Payments | Mortgage Rates | Free Widget |

Real estate agents usually charge a fee of 3%-6% of the houses they sell. The fees in some states are higher and lower in others. In certain cases, the fees are negotiable.

Usually, agents work with other real estate agents. The listing agent takes half of the commission and the buyer agent gets the other half. If the listing agent sold the house on his own, then he gets the full commission.

Let's say if the real estate agent's commission is 5%, and the house is sold for $400,000. The seller will have to pay a fee of $20,000 to the agent(s), and the homeowner will receive $380,000. If there are two agents working together to sell the house, then each of the agents will get $10,000.

You can use the real estate commission calculator to calculate the realtor's commission based on the estimated value of your house.

If you want to sell your house, there are a few things that you need to consider before deciding whether you should hire a real estate agent to sell your house or take the for sale by owner approach.

**Better Price**- Experienced realtors are able to sell houses at a better price than houses that are listed for sale by the owner. It is in the real estate agent's best interest to sell your house for a higher price since their commission is dependent on the selling price of your home.

Experienced realtors are excellent in marketing. They know exactly what the selling points of your house are for potential betters and they also have better negotiation skills than you because that is what they do.

In addition, the real estate agent is likely to have more data than you. They will evaluate your home and give you an appraisal of how much your house is worth. The appraisal is usually made based on recent transactions of similar houses that were sold in your area, and the conditions of your house.**Quicker**- Realtors can sell your house much quicker than you are. Usually, experienced real estate agents have a broad network of buyers, sellers, and other agents that they work with. This allows them to put your house on the market quicker and they might be able to bring a buyer sooner than you think.

For sale by the owner usually means you need to advertise your house and may need to pay money for promotion. If you are in a state or city where the real estate market is not hot, you may get stuck with your house for a long time. Simply putting up a sign that says "House for Sale" might not be effective.

Working with a real estate agent, on the other hand, it is their responsibility to bring potential buyers and they will cover any fees for advertising. In other words, if you need to sell your house as quickly as possible, hire a real estate agent.**Open House**- Selling a home takes time and effort. The open house is a procedure that real estate agents use to showcase your house to potential buyers. If you sell the house on your own, you will have to do all the work.

Depending on the price that you asked for, you may have to do open house sessions frequently in order to sell it. Time is money, if your time is more valuable than the commission, by all means, hire a realtor.**Filter Unqualified Buyers**- A lot of the time, you may need to deal with people who are unqualified to buy your house, either they are not eligible to get a mortgage, or they don't have enough money.

A realtor will help you weed out these unqualified buyers and only deal with the people who show genuine interest in your house and that are financially strong enough to close the deal.

They will require the potential buyers to have pre-approved letters from the bank so that they can get a mortgage, credit scores checked, and income and employment verified to make sure they have the ability to buy your house.

You can do these all by yourself if you have the time, but it is a lot of work since you are asking for this information from all of the prospects.**Paperwork**- A real estate agent will give you all the paperwork that is needed to prepare you for a smooth closing and help you avoid any legal issues that may come up.

Check Today's Mortgage Rates

Today's Home Equity Rates

### Mortgage Calculators

### Refinance Calculators

### Early Mortgage Payoff Calculators

### Real Estate Investment Calculators

### Mortgage Related Calculators

### Auto Loan Calculators

### Loan Calculators

### Savings & Investments Calculators

### Credit Card Calculators

### Mortgage Guide

### Mortgage Calculator Widget

Today's Home Equity Rates

- Commercial Mortgage Calculator
- Mortgage Comparison Calculator
- 15 Year vs. 30 Year Mortgage Calculator
- Investment Property Calculator
- Home Improvement Loan Calculator
- Home Sale Net Proceeds Calculator
- Closing Costs Calculator
- Construction Loan Calculator
- Home Appreciation Calculator
- Real Estate Commission Calculator
- Commercial Real Estate Commission Calculator
- BRRRR Calculator
- Hard Money Loan Calculator
- 70% Rule Calculator
- Piggyback Loan Calculator
- Bridge Loan Calculator
- Seller Financing Calculator
- Real Estate Wholesaling Calculator
- Fix and Flip Calculator
- Interest Rate Calculator
- Home Sale Calculator
- Real Estate Capital Gain Tax Calculator

- Mortgage Interest Tax Deduction Calculator
- APR Calculator
- Property Tax Calculator
- Down Payment Calculator
- Mortgage Affordability Calculator
- Mortgage Balance Calculator
- Mortgage Points Break Even Calculator
- Jumbo Mortgage Calculator
- Mortgage Calculator App
- Monthly Mortgage Payment Calculator
- Reverse Mortgage Calculator
- How Much House Can I Afford
- Mortgage Prequalification Calculator
- HELOC Calculator
- HELOC Payment Calculator
- HELOC Payoff Calculator
- PMI Removal Calculator
- Home Equity Loan Calculator
- Home Equity Loan Payoff Calculator
- Home Equity Calculator
- Mortgage Insurance Calculator
- Amortization Schedule With Irregular Payments
- 15 Year Mortgage Calculator
- 30 Year Mortgage Calculator
- Manufactured Home Mortgage Calculator
- Condo Mortgage Calculator
- Coop Mortgage Calculator
- Weekly Mortgage Calculator
- Mortgage Calculator Canada
- Mortgage Calculator UK
- Mortgage Calculator By State
- Refinance Savings Calculator
- Mortgage Interest Calculator
- Mobile Home Mortgage Calculator
- Rent Vs. Buy Calculator

- Car Loan Amortization Schedule Excel
- Auto Loan Payoff Calculator
- Auto Loan Calculator with Trade in
- Auto Refinance Calculator
- Biweekly Auto Loan Calculator
- RV Loan Calculator
- Motorcycle Loan Calculator
- Car Lease Calculator
- Car Depreciation Calculator
- LTV Calculator Auto
- Reverse Auto Loan Calculator
- How Much Car Can I Afford

- Printable Amortization Schedule
- Amortization Schedule Excel
- Amortization Schedule With Extra Payments
- LTV Calculator
- Debt To Income Ratio Calculator
- Debt Payoff Calculator
- How Much Rent Can I Afford
- Boat Loan Calculator
- Student Loan Calculator
- Student Loan Payoff Calculator
- Student Loan Refinancing Calculator
- Personal Loan Calculator
- Personal Loan Payoff Calculator
- Personal Loan Refinance Calculator
- Land Loan Calculator
- Loan Payoff Calculator
- Loan Calculator Excel
- Reverse Loan Calculator
- Lump Sum Payment Calculator
- Biweekly Loan Calculator
- Loan Calculator With Extra Payments

Mortgage Calculator | Amortization Schedule | Terms | Privacy | Disclaimer | Contact

©2023 **Mortgage Calculator Excel**