Whether you’re buying or selling a home, you are likely to work with a real estate agent. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know it’s important that you understand the fees associated with real estate services and who pays what. The home seller pays agent fees for both their agent and the buyer’s agent at closing. The total commission is typically 5%–6%, with half paid to the seller’s agent and half to the buyer’s agent. Sellers can ask their listing agent if his or her commission is negotiable. If your agent requires you to sign a contract, be sure to read it carefully and negotiate before you sign. If you are the buyer, you don’t pay commissions, but will pay only the closing costs. Check out below to see what sold in Bradford of Novi in December 2019:
21987 Worchester Drive, Novi: 4 bedrooms, 4.1 bathrooms, 3,831 sq. feet, 3 car garage, Sold Price: $610,000
Bradford of Novi Home Sold
December 2019
46427 Galway Drive, Novi: 4 bedrooms, 3.1 bathrooms, 3,836 sq. feet, 3 car garage, Sold Price: $630,000
Bradford of Novi Home Sold
December 2019
Real estate agents are typically paid during the closing process, so if you don’t sell your home or fail to close, you won’t be charged commission. There can be exceptions based on the agent’s contract, so read it carefully before you sign. For more information on Bradford of Novi, or similar Northville or Novi neighborhoods such as Chase Farms, Kirkway Estates and Wintergreen Park, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.