If you decide to build a new home, how much do Realtors make on the sale? Actually, it depends on the builder – each one has a commission rate that they pay that they advertise to the Realtor community. The buyer typically has to declare to the builder that he intends to use a Realtor when he first signs into the development, otherwise the builder will not let the Realtor work with the buyer. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that the builder pays the Realtor a commission, typically off the base price of the home, before any extras are added. The money is typically out of the builders marketing budget and does not come off the sales price so trying to negotiate a lower price by saying that you won’t use a Realtor is not worth the effort. It is common for builders to actually run promotions for both buyers and Realtors in order to get more people visiting their developments. Check out below to see what sold in Meadowbrook Glens in February 2016:
41851 Ridge Road E., Novi: 4 bedrooms, 2.1 bathrooms, 1,735 sq. feet, 2 car garage, Sold Price: $170,500
Meadowbrook Glens Home Sold
February 2016
41925 Cherry Hill Road, Novi: 4 bedrooms, 2.1 bathrooms, 2,488 sq. feet, 2 car garage, Sold Price: $275,200
Meadowbrook Glens Home Sold
February 2016
There are circumstances where the agent is sometimes offered a higher commission – 3.5 or even 4 percent – but not very often. Sometimes the same agent works for buyer and seller (dual agency); in that case, the agent gets both commissions. For more information on Meadowbrook Glens or similar Northville or Novi neighborhoods such as Simmons Orchard, Village Oaks and Whispering Meadows, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.