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FL Avg Real Estate Commission Rate in Gainesville, Florida

Gainesville is the county seat and largest city in Alachua County, Florida, United States, and the principal city of the Gainesville, Florida Metropolitan Statistical Area (MSA). The population of Gainesville in the 2013 US Census estimates was 127,488, a 2.4% growth from 2010. Gainesville is the largest city in the region of North Central Florida. It is also a component of the Gainesville-Lake City Combined Statistical Area, which had a 2013 population of 337,925.

Gainesville is home to the University of Florida, the nation's fifth-largest university campus by enrollment, as well as to Santa Fe College. The Gainesville MSA was ranked as the No. 1 place to live in North America in the 2007 edition of Cities Ranked and Rated. Also in 2007, Gainesville was ranked as one of the "best places to live and play" in the United States by National Geographic Adventure.

 

Gainesville, Florida 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 Gainesville, Florida. 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 Gainesville, Florida you will find the following real estate commissions charged*:

Typical Asking Commission: 6.00%

Competitive Commission: 5.0%-5.9%

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 Florida, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Naples-Immokalee-Marco Island $429,900 8.80%
Cape Coral-Fort Myers $240,000 6.70%
Punta Gorda $210,500 11.20%
North Port-Sarasota-Bradenton $273,600 5.60%
Tampa-St. Petersburg-Clearwater $225,000 9.80%
Lakeland-Winter Haven $180,900 8.30%
Orlando-Kissimmee-Sanford $247,900 7.80%
Miami-Fort Lauderdale-West Palm Beach $340,000 7.90%
Port St. Lucie $229,900 12.10%
Sebastian-Vero Beach $230,000 15.00%
Palm Bay-Melbourne-Titusville $220,000 11.70%
Deltona-Daytona Beach-Ormond Beach $195,000 11.40%
Ocala $150,000 11.10%
Gainesville $214,600 11.00%
Jacksonville $232,000 5.90%
Tallahassee $207,000 6.80%
Panama City $210,000 7.70%
Crestview-Fort Walton Beach-Destin $269,900 6.10%
Pensacola-Ferry Pass-Brent $192,300 11.80%
 
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 Florida.

 

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 population of Gainesville was estimated to be 125,365 in 2011. The population of Gainesville was 124,354 at the 2010 census, a 30.3% change from 2000. At the 2010 census there were 51,029 households, with 2.2 persons per household. Children under the age of 5 were 4.4% of the population, under 18 13.4%, and people 65 years or over were 8.3% of the population. 64.9% of the population was white, 23.0% black, 6.9% Asian, 0.3% American Indians and Alaska Natives, 0.1% Native Hawaiians and Other Pacific Islanders, 1.9% some other race, and 2.9% reporting two or more races. 10.0 percent were Hispanic or Latino of any race, and 58.7% were non-Hispanic whites. 51.6% of the population were female. For the period 2007–11, the estimated median household income $30,952, and the per capita income was $19,100.

 

ECONOMY:

Numerous guides such as the 2004 book Cities Ranked and Rated: More than 400 Metropolitan Areas Evaluated in the U.S. and Canada have mentioned Gainesville's low cost of living. The restaurants near the University of Florida also tend to be inexpensive. The property taxes are high to offset the cost of the university, as the university's land is tax-exempt. However, the median home cost remains slightly below the national average, and Gainesville residents, like all Floridians, do not pay state income taxes.

The city's job market scored only 6 points out of a possible 100 in the Cities Ranked and Rated guide, as the downside to the low cost of living is an extremely weak local job market that is oversupplied with college-educated residents. The median income in Gainesville is slightly below the U.S. average.

The city of Gainesville heavily promoted solar power by creating the first feed-in tariff (FIT) in the United States. The FIT allowed small businesses and homeowners to supply electricity into the municipal power grid and paid a premium for the clean, on-site generated solar electricity. The FIT started with a rate set at $0.32 per kilowatt-hour and would allow the person or business to enter into a 20-year contract where Gainesville Regional Utilities would purchase the power for 20 years. The FIT ended in 2013, when the rate was set at $0.18 per kWh, but the city is still seen as a leader in solar power. This increase in solar installations put Gainesville at number 5 in the world, in solar installed per-capita, beating Japan, France, China and all of the US.

The sports drink Gatorade was invented in Gainesville in the 1960s as a means of refreshing the UF football team. UF still receives a share of the profits from the beverage. However, Gatorade's headquarters are now located in Chicago.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Gainesville - Florida