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DE Avg Real Estate Commission Rate in Dover, Delaware

Dover is the capital and second-largest city in the U.S. state of Delaware. It is also the county seat of Kent County, and the principal city of the Dover, DE Metropolitan Statistical Area, which encompasses all of Kent County and is part of the Philadelphia-Wilmington-Camden, PA-NJ-DE-MD Combined Statistical Area. It is located on the St. Jones River in the Delaware River coastal plain. It was named by William Penn of Dover in Kent, England. As of 2010, the city had a population of 36,047.

 

Dover, Delaware 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 Dover, Delaware. 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 Dover, Delaware, 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 Delaware, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Dover $201,000 -1.50%
Philadelphia-Camden-Wilmington $239,100 3.00%
 
 
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 Delaware.

 

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:

In 2010, Dover had a population of 36,047 people. The racial makeup of the city was 48.3% White, 42.2% African American, 0.5% Native American, 2.7% Asian, 0.1% Pacific Islander, 2.1% from other races, and 4.1% from two or more races. 6.6% of the population were Hispanic or Latino of any race.

As of the census of 2000, there were 32,135 people, 12,340 households, and 7,502 families residing in the city. The population density was 1,435.0 people per square mile (554.1/km²). There were 13,195 housing units at an average density of 589.2 per square mile (227.5/km²). The racial makeup of the city was 54.94% White, 37.22% African American, 0.45% Native American, 3.16% Asian, 0.04% Pacific Islander, 1.57% from other races, and 2.62% from two or more races. 4.13% of the population were Hispanic or Latino of any race.

There were 12,340 households out of which 30.0% had children under the age of 18 living with them, 40.4% were married couples living together, 16.7% had a female householder with no husband present, and 39.2% were non-families. 31.4% of all households were made up of individuals and 10.6% had someone living alone who was 65 years of age or older. The average household size was 2.35 and the average family size was 2.98.

In the city of Dover the age distribution of the population shows 23.5% under the age of 18, 15.7% from 18 to 24, 27.9% from 25 to 44, 19.5% from 45 to 64, and 13.3% who were 65 years of age or older. The median age was 33 years. For every 100 females there were 88.9 males. For every 100 females age 18 and over, there were 85.1 males.

The median income for a household in the city was $38,669, and the median income for a family was $48,338. Males had a median income of $34,824 versus $26,061 for females. The per capita income for the city was $19,445. About 11.5% of families and 13.8% of the population were below the poverty line, including 19.6% of those under age 18 and 10.4% of those age 65 or over.

 

ECONOMY:

Delaware's largest employer is also Dover's – the state government. A large portion, but not all, of the state's bureaucracy is located in and around Dover. However, like some other American states, Delaware's capital is not its largest city. Consequently, Wilmington, in the northern part of the state and its largest city, has many state offices and employees one would normally expect to find in the state capital, including the headquarters of the Office of the Attorney General, especially as many large American corporations maintain nominal offices in that city to register their Delaware corporation.

Dover is one of the fast-growing areas in the state of Delaware, due in large part to the relatively low cost of living. As a consequence, the Kent County government is a major employer in the area as well. Apart from the state and county governments, Dover's significant employers include Dover Air Force Base, located within the southeast corporate limits of the city. The base houses two airlift wings as well as the U.S. military's only mortuary in the continental United States, which accepts and processes the remains of soldiers killed in battle. In addition, Kraft Foods and Procter & Gamble have manufacturing facilities in Dover. The Kraft Foods plant in Dover has been the plant that manufactures Jell-O since 1964 when it relocated from Bloomfield, New York. ILC Dover, in nearby Frederica, is the producer of fabrics for military and aerospace uses, along with being the primary contractor for production of the Apollo and Skylab spacesuits, as well as the spacesuit assembly for the Space Shuttle's Extravehicular Mobility Unit (EMU).

Two weekends a year, NASCAR races are held at Dover International Speedway, attracting about 65,000 spectators. Attendance to the races is much lower than in the 1990s and 2000s, when 140,000 spectators came to Dover International Speedway and led to traffic snarls throughout the city and on US 13 approaching Dover. The races bring in increased patronage for local businesses and hotels and motels sell out weeks in advance. Many race fans camp in RVs and tents adjacent to the track. These races, and in recent years adjacent slot machine gambling at Dover Downs Hotel & Casino, contribute millions of dollars to Dover's economy.

Firefly Music Festival is held in The Woodlands of Dover International Speedway every summer since 2012.

Dover is the only state capital in the United States with a volunteer fire department.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Dover - Delaware