Lets see just how much it might really cost you to pay a traditional agent their commission of 6 %. Enter your estimated selling price and current amount still owed on your property below, then press "calculate." Your Estimated Selling Price: Average Commission: 6% (Selling Price) minus (Mortgages and Liens) = Equity Your mortgages and Liens: (how much you still owe) Your Equity: $100,000
The traditional real-estate agent’s commission is 6% of the home's selling price. This commission of $12,000 comes from 6% of your estimated selling price of $200,000. The percentage of your equity you are giving away is 12.00%. That is the $12,000 commission will take away 12.00% of your equity! This commission is 40 times more costly than showcasing your home on ByOwnerMissoula.com.