Michigan Real Estate Commissions

Sellers beware! How many times have you been told to shop around for the lowest commission? When you do shop around for the cheapest real estate commission, what do you find out? Basically, everyone is about the same give or take a percent. In the overall picture, it doesn't add up to much. If you have a home in the city, the commission will be hire than if you have a highly desirable home on a lake. If you're home is under $50,000 you will be paying a much higher commission than your neighbor who sold his $200,000 home on 40 acres at a 6% commission. Bottom line is that when companies start cutting commissions, there is something wrong. In northern Michigan, if you are in a bigger city with jobs, commissions will be competative. If you own a home in small town USA up north, these are very tough sales that bring low national average selling prices. Commissions will be hire. The costs to the real estate in Onaway Michigan is the exact some as a "big time" real estate company in Traverse City. Advertising is advertising and closing costs are closing costs. Remember this, when companies start lowering their commission rates substantially, they are hurting for business. There is a good reason they are hurting for business! Refer back to my latest article about homes not selling cost sellers on average $8,000 per year. - Jamie Gwilliam, Northern Michigan Properties