Commission Rates

5% to 7% based on sale price
Minimum commission is $3500 for homes under $50,000
If home is being sold as-is, a lower commission rate can be charged.

Commissions are negotiable. Here are rates typically paid:

           7%       for properties under $130,000 
6.5%     for $130,000 to $190,000
 6% *    for over $190,000             
   5% *    for over $500,000               

                                                 * $395 added for listings taken at 6% or lower.

.

Steve Studnicki / Coldwell Banker Realty – Gundaker
Call or text  314-616-5892  or  email me
.
Choosing a realtor who charges the lowest commission does NOT always net you more money. Steve is an experienced negotiator. Another broker may offer commission savings, but the savings can easily be lost during poor negotiations with buyers.

 

Commission Savings – On lower priced homes, a commission reduction does not provide significant savings. As does many other brokers, we charge an additional $395 for listings at 6% or lower. Below shows commission savings at 1/2% and 1% reduction from our full 7% commission. Examples take into account the $395 for 6% and lower rates:

From 7% to 6.5%                                              From 7% to 6% + $395

$75,000 sale price………  $375 less                $355 less only $20 less than 6.5%
$100,000 sale price……. $500 less                $605 less only $105 less than 6.5%
$125,000 sale price……. $625 less                $855 less only $230 less than 6.5%
$150,000 sale price……. $750 less                $1105 less only $355 less than 6.5%
$180,000 sale price……. $900 less                $1405 less
$200,000 sale price……. $1000 less              $1650 less
$250,000 sale price……. $1250 less              $2105 less
$300,000 sale price……. $1500 less              $2605 less
$400,000 sale price……. $2000 less              $3605 less

 

From  7% to 5.5% + $395                               From 7% to 5%+ $395

$500,000 sale price……. $7105 less               $9560 less
$750,000 sale price…. $10855 less             $14560 less

 

BUYER PAYOUT:  CBGundaker pays 45% of your commission to the buyer’s agent:  7% = 3.15%      6.5% = 2.925%      6% = 2.7% commission that is paid out to the buyer side of the transaction. Our Listing Agreement states in writing the payout that will be advertised to buyer agents. If interviewing with a competing company, be sure to ask what their advertised buyer payout will be.

Selling your home using a realtor nets you 16% higher than selling For Sale By Owner. Based on research conducted by the National Association of Realtors and published in the New York Times on Jan 5, 2005, using a realtor nets you 16% higher than selling By Owner. So, hiring a realtor for 6% to 7% is a good investment. A Realtor with a large company utilizing their advertising dollars and resources, will get your home market exposure a hundred-fold more than what you could do on your own, thus resulting in a quicker sale. Realtors provide an important service to the community.