Barnstable is a city, referred to as the Town of Barnstable, in the U.S. state of Massachusetts and the county seat of Barnstable County. Barnstable is the largest community, both in land area and population, on Cape Cod. At the 2010 census it had a population of 45,193. The town contains several villages (one of which is also named Barnstable) within its boundaries. Its largest village, Hyannis, is the central business district of the county and home to Barnstable Municipal Airport, the airline hub of Cape Cod and the islands of Martha's Vineyard and Nantucket. Additionally, Barnstable is a 2007 winner of the All-America City Award.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Barnstable Town, Massachusetts. 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 Town of Barnstable, Massachusetts, 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 Northeast rose 3.2%, to $282,300, 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 Massachusetts, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
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.
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 Massachusetts.
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.
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As of the census of 2000, there were 47,821 people, 19,626 households, and 13,012 families residing in the town. The population density was 796.5 inhabitants per square mile (307.5/km2). There were 25,018 housing units at an average density of 416.7 per square mile (160.9/km2). The racial makeup of the town was 91.85% White, 2.74% Black or African American, 0.59% Native American, 0.81% Asian, 0.04% Pacific Islander, 1.67% from other races, and 2.30% from two or more races. Hispanic or Latino of any race were 1.70% of the population. 24.2% were of Irish, 13.3% English, 9.3% Italian and 5.5% American ancestry according to Census 2000. 92.1% spoke English, 3.4% Portuguese, 1.6% Spanish and 1.0% French as their first language.
There were 19,626 households out of which 26.9% had children under the age of 18 living with them, 52.4% were married couples living together, 10.7% had a female householder with no husband present, and 33.7% were non-families. 27.7% of all households were made up of individuals and 12.5% had someone living alone who was 65 years of age or older. The average household size was 2.38 and the average family size was 2.88.
In the town the population was spread out with 22.0% under the age of 18, 5.6% from 18 to 24, 26.8% from 25 to 44, 25.5% from 45 to 64, and 20.1% who were 65 years of age or older. The median age was 42 years. For every 100 females there were 91.6 males. For every 100 females age 18 and over, there were 87.9 males.
The median income for a household in the town was $46,811, and the median income for a family was $54,026. Males had a median income of $41,494 versus $30,442 for females. The per capita income for the town was $25,554. About 6.3% of families and 8.8% of the population were below the poverty line, including 11.7% of those under age 18 and 5.9% of those age 65 or over.