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TX Avg Real Estate Commission Rate in Abilene, Texas

Abilene is a city in Taylor and Jones counties in West Texas, United States. The population was 117,063 according to the 2010 census, making it the 27th-most populous city in the state of Texas. It is the principal city of the Abilene Metropolitan Statistical Area, which had a 2011 estimated population of 166,416. It is the county seat of Taylor County. Dyess Air Force Base is located on the west side of the city.

Abilene is located off Interstate 20, between exits 279 on its western edge and 292 on the east. Abilene is 150 miles (240 km) west of Fort Worth, Texas. The city is looped by I-20 to the north, US 83/84 on the west, and Loop 322 to the east. A railroad divides the city down the center into north and south. The historic downtown area is on the north side of the railroad.

The fastest-growing sections of the city are growing to the southwest, along Southwest Drive, the Winters Freeway, and the Buffalo Gap Road corridor; the southeast, along Loop 322, Oldham Lane, Industrial Drive, and Maple Street; and in the northeast near the intersection of SH 351 and I-20. Many developments have begun in these three areas within the last few years. Three lakes are in the city, Lytle Lake on the western edge of Abilene Regional Airport, Kirby Lake on the southeast corner of the US 83/84 and Loop 322 interchange, and Lake Fort Phantom Hill in Jones County in northern Abilene.

 

Abiline, Texas Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Abilene, Texas. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Abilene, Texas, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Texas, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Abilene $161,700 -1.60%
Amarilo $161,700 2.10%
Austin $308,000 6.50%
Beaumont-Port Arthur $156,100 8.80%
Corpus Christi $189,300 -0.40%
Dallas-Fort Worth-Arlington $255,200 9.90%
El Paso $150,500 0.80%
Houston-The Woodlands-Sugar Land $235,600 8.40%
San Antonio-New Braunfels $222,600 5.70%
Sherman-Denison $166,800 18.40%
Wichita Falls $118,300 7.70%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Texas.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the census of 2000, 115,930 people, 41,570 households, and 28,101 families resided in the city. The population density was 1,102.7 people per square mile (425.8/km²). The 45,618 housing units averaged 433.9 per square mile (167.5/km²). The racial makeup of the city was 78.07% White, 8.81% African American, 0.55% Native American, 1.33% Asian, 0.07% Pacific Islander, 8.73% from other races, and 2.44% from two or more races. Hispanics or Latinos of any race were 19.45% of the population.

Of the 41,570 households, 34.2% had children under the age of 18 living with them, 52.0% were married couples living together, 11.9% had a female householder with no husband present, and 32.4% were not families. About 26.6% of all households were made up of individuals, and 9.8% had someone living alone who was 65 years of age or older. The average household size was 2.53 and the average family size was 3.07.

In the city, the population was distributed as 25.6% under the age of 18, 15.3% from 18 to 24, 28.9% from 25 to 44, 18.2% from 45 to 64, and 12.0% who were 65 years of age or older. The median age was 31 years. For every 100 females, there were 102.0 males. For every 100 females age 18 and over, there were 101.1 males.

The median income for a household in the city was $33,007, and for a family was $40,028. Males had a median income of $28,078 versus $20,918 for females. The per capita income for the city was $16,577. About 10.9% of families and 15.4% of the population were below the poverty line, including 18.6% of those under age 18 and 9.2% of those age 65 or over.

As of the 2010 census, Abilene had a population of 117,063. The racial and ethnic makeup of the population was 62.4% non-Hispanic White, 9.6% Black or African American, 0.7% Native American, 1.7% Asian, 0.1% Pacific Islander, 0.1% non-Hispanic reporting some other race, 3.3% of two or more races, and 24.5% Hispanic or Latino.

 

ECONOMY:

The economy in Abilene was originally based on the livestock and agricultural sectors, but has since evolved and is now based strongly on government, education, healthcare, and manufacturing. The petroleum industry is prevalent in the surrounding area also. The city has established incentives to bring new businesses to the area, including job training grants, relocation grants, and more.

Top employers

The top 10 employers in Abilene, as of June 2014, are:

Rank Employer # of Employees Industry
1 Dyess Air Force Base 5406 Government
2 Hendrick Health System 2896 Healthcare
3 Abilene ISD 2450 Education
4 Abilene State Supported Living Center 1472 Government
5 City of Abilene 1200 Government
6 Texas Department of Criminal Justice 1190 Government
7 Blue Cross Blue Shield of Texas Claims Center 1050 Call Center
8 Abilene Christian University 850 Education
9 Abilene Regional Medical Center 760 Healthcare
10 Taylor County 550 Government

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Abilene - Texas