Fayetteville is a city in Cumberland County, North Carolina, United States. It is the county seat of Cumberland County, and is best known as the home of Fort Bragg, a major U.S. Army installation northwest of the city.
Fayetteville has received the All-America City Award from the National Civic League three times. As of the 2010 census it had a population of 200,564, with an estimated population of 204,408 in 2013. It is the 6th-largest city in North Carolina. Fayetteville is in the Sandhills in the western part of the Coastal Plain region, on the Cape Fear River.
With an estimated population in 2013 of 210,533 people, the Fayetteville metropolitan area is the largest in southeastern North Carolina, and the fifth-largest in the state. Suburban areas of metro Fayetteville include Fort Bragg, Hope Mills, Spring Lake, Raeford, Pope Field, Rockfish, Stedman, and Eastover. Fayetteville's mayor is Mitch Colvin, who is serving his first term.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Fayetteville, North Carolina. 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 Fayetteville, North Carolina, 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 North Carolina, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|Myrtle Beach-Conway-North Myrtle Beach||$206,300||5.60%|
|Virginia Beach-Norfolk-Newport News||$239,900||7.60%|
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 North Carolina.
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 2010, there were 200,564 people, 78,274 households, and 51,163 families residing in the city. The population density was 1,401 people per square mile (541.1/km²). There were 87,005 housing units at an average density of 230.3 units/km² (596.3 persons/sq mi). The racial composition of the city was 45.7% White, 41.9% Black or African American, 2.6% Asian American, 1.1% Native American, 0.4% Native Hawaiian or Other Pacific Islander, 3.3% some other race, and 4.9% two or more races. 10.1% of the population were Hispanic or Latino of any race.
There were 78,274 households, out of which 36.7% had children under the age of 18 living with them, 41.3% were headed by married couples living together, 19.5% had a female householder with no husband present, and 34.6% were non-families. 28.7% of all households were made up of individuals, and 7.3% were someone living alone who was 65 years of age or older. The average household size was 2.45, and the average family size was 3.02.
In the city the population was spread out with 25.8% under the age of 18, 14.4% from 18 to 24, 28.5% from 25 to 44, 21.5% from 45 to 64, and 9.7% who were 65 years of age or older. The median age was 29.9 years. For every 100 females there were 93.6 males. For every 100 females age 18 and over, there were 90.5 males.
In 2013, the estimated median annual income for a household in the city was $44,924, and the median income for a family was $49,608. Male full-time workers had a median income of $37,371 versus $32,208 for females. The per capita income for the city was $23,362. 18.4% of the population and 16.2% of families were below the poverty line. 27.1% of those under the age of 18 and 9.8% of those 65 and older were living below the poverty line.
On September 30, 2005, Fayetteville annexed 27 square miles (70 km2) and 46,000 residents. Some affected residents and developers challenged the annexation in the courts, but were ultimately unsuccessful. The exception was the Gates Four neighborhood which won its case against annexation despite the annexation of all surrounding neighborhoods.
Fort Bragg is the backbone of the county's economy. Fort Bragg and Pope Field pump about $4.5 billion a year into the region's economy, making Fayetteville one of the best retail markets in the country. Fayetteville serves as the region's hub for shops, restaurants, services, lodging, health care and entertainment. Fayetteville boasts a low unemployment rate with a large labor pool of trained professionals.
According to Fayetteville 2012 Comprehensive Annual Financial Report, the top employers in the city are:
|#||Employer||# of Employees|
|1||Department of Defense (Fort Bragg)||15,500+|
|2||Cumberland County Public School System||6,000+|
|3||Cape Fear Valley Health System||5,000+|
|5||Good Year Tire Manufacturing and Plant||2,000+|
|7||City of Fayetteville||1,000+|