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IA Avg Real Estate Commission Rate in Council Bluffs, Iowa

Council Bluffs is a city in and the county seat of Pottawattamie County, Iowa, United States. The city is the most populous in Southwest Iowa, and a principal city in the Omaha–Council Bluffs metropolitan area. It is located on the east bank of the Missouri River, across from Omaha, Nebraska. Council Bluffs was known, until at least 1853, as Kanesville. It was the historic starting point of the Mormon Trail. Kanesville is also the northernmost anchor town of the other emigrant trails, since there was a steam powered boat to ferry their wagons, and cattle, across the Missouri River.

Council Bluffs' population was 62,230 at the 2010 census. Along with neighboring Omaha to the west, Council Bluffs was part of the 60th-largest metropolitan area in the United States in 2010, which had an estimated population of 865,350 residing in the eight counties of the Omaha–Council Bluffs metropolitan area.

Council Bluffs is more than a decade older than Omaha. The latter, founded in 1854 by Council Bluffs businessmen and speculators following the Kansas–Nebraska Act, has grown to be a significantly larger city.

 

Council Bluffs, Iowa 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 Omaha-Council Bluffs, NE-IA, Iowa. 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 Council Bluffs, Iowa, 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 Midwest rose 6.6%, to $204,000, 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 Iowa, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Cedar Rapids $154,500 -1.60%
Davenport-Moline-Rock Island, IA-IL $129,500 3.20%
Des Moines-West Des Moines $196,600 4.60%
Omaha-Council Bluffs, NE-IA $180,500 6.30%
Waterloo-Cedar Falls $126,300 1.30%
 
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 Iowa.

 

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:

The 2010 census recorded a population of 93,158 in the county, with a population density of 97.6233/sq mi (37.6926/km2). There were 39,330 housing units, of which 36,775 were occupied.

 

COUNCIL BLUFFS METROPOLITAN AREA:
County State 2016 estimate 2010 Census Change
Cass Nebraska 25,767 25,241 +2.08%
Douglas Nebraska 554,995 517,110 +7.33%
Sarpy Nebraska 179,023 158,840 +12.71%
Saunders Nebraska 21,038 20,780 +1.24%
Washington Nebraska 20,603 20,234 +1.82%
Harrison Iowa 14,149 14,937 −5.28%
Mills Iowa 14,972 15,059 −0.58%
Pottawattamie Iowa 93,582 93,149 +0.46%

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Council Bluffs - Iowa