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NC Avg Real Estate Commission Rate in Greensboro, High Point, North Carolina

Greensboro (formerly Greensborough) is a city in the U.S. state of North Carolina. It is the 3rd-most populous city in North Carolina, the 68th-most populous city in the United States, and the county seat and largest city in Guilford County and the surrounding Piedmont Triad metropolitan region. As of the 2010 census, the city population was 269,666, and in 2015 the estimated population was 285,342. Three major interstate highways (Interstate 85, Interstate 40 and Interstate 73) in the Piedmont region of central North Carolina were built to intersect at this city.

In 1808, "Greensborough" (the spelling before 1895) was planned around a central courthouse square to succeed Guilford Court House as the county seat. The county courts were thus placed closer to the geographical center of the county, a location more easily reached at the time by the majority of the county's citizens, who depended on horse and foot for travel.

In 2003, the previous Greensboro – Winston-Salem – High Point metropolitan statistical area (MSA) was re-defined by the U.S. Office of Management and Budget. This region was separated into the Greensboro–High Point MSA and the Winston-Salem MSA. The 2010 population for the Greensboro–High Point MSA was 723,801. The combined statistical area (CSA) of Greensboro–Winston-Salem–High Point, popularly referred to as the Piedmont Triad, had a population of 1,599,477.

Among Greensboro's many notable attractions, some of the most popular include the Wet 'n Wild Emerald Pointe water park, the Greensboro Science Center, the International Civil Rights Museum, the Weatherspoon Art Museum, the Greensboro Symphony, the Greensboro Ballet, Triad Stage, the Wyndham Golf Championship, the headquarters of the Atlantic Coast Conference, the Greensboro Coliseum Complex which hosts various sporting events, concerts, and other events, the Greensboro Grasshoppers of the South Atlantic Baseball League, the Carolina Dynamo of the Premier Development Soccer League, the Greensboro Swarm of the NBA G League, the Greensboro Roller Derby, and the National Folk Festival.

 

Greesboro, High Point, North Carolina 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 Greensboro-High Point, 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 Greensboro-High Point, 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
Charlotte-Concord-Gastonia, NC-SC $234,300 7.40%
Durham-Chapel Hill $263,700 7.30%
Fayetteville $135,000 8.90%
Greensboro-High Point $158,500 -0.50%
Myrtle Beach-Conway-North Myrtle Beach $206,300 5.60%
Raleigh $278,300 7.50%
Virginia Beach-Norfolk-Newport News $239,900 7.60%
Wilmington $240,600 6.90%
Winston-Salem $159,100 3.60%
 
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 North Carolina.

 

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:

As of the census of 2010, there were 269,666 people; 111,731 households; and 63,244 families residing in the city. The population density was 2,131.7 people per square mile (822.9/km²). There were 124,074 housing units at an average density of 980.8 per square mile (378.6/km²). The racial composition of the city was 48.4% White, 40.6% Black or African American, 4.0% Asian American (1.6% Vietnamese, 0.7% Indian), 0.5% Native American, 0.1% Native Hawaiian or Other Pacific Islander, 3.8% some other race, and 2.6% two or more races. Non-Hispanic Whites were 45.6% of the population in 2010, compared to 70.9% in 1970. People of Hispanic or Latino heritage, who may be of any race, in 2010 were 7.5% of the population (4.6% Mexican, 0.7% Puerto Rican).

Of the 124,074 households in the city in 2010, 30.1% included children under the age of 18, 35.5% were headed by married couples living together, 16.5% had a female householder with no husband present, and 43.4% were classified as non-family. Of the total households, 33.8% were composed of individuals, and 9.0% were someone living alone who was 65 years of age or older. The average household size was 2.31 persons, and the average family size was 3.00 persons.

The age distribution in 2010 was 22.7% under the age of 18, 14.5% from 18 to 24, 28.2% from 25 to 44, 23.1% from 45 to 64, and 11.5% who were 65 years of age or older. The median age was 33.4 years. For every 100 females there were 88.7 males, and for every 100 females age 18 and over, there were 84.6 males.

For the period 2011–15, the estimated median annual income for a household in the city was $41,628, and the median income for a family was $53,150. Male full-time workers had a median income of $40,143 versus $34,761 for females. The per capita income for the city was $25,929. About 14.6% of families and 19.3% of the population were living below the poverty line, including 25.9% of those under age 18 and 10.5% of those age 65 or over.

 

ECONOMY:

The Greensboro economy and the surrounding Piedmont Triad area traditionally have been centered around textiles, tobacco, and furniture. Greensboro's central proximity in the state has made it a popular place for families and businesses, as well as becoming more of a logistics hub, with FedEx having regional operations based in the city.

Notable companies headquartered in Greensboro include the Honda Aircraft Company, HAECO Americas, ITG Brands, Kayser-Roth, VF, Mack Trucks, Volvo Trucks of North America, Qorvo, the International Textile Group, NewBridge Bank, The Fresh Market, Cook Out, Ham's, Biscuitville, Tripps, and Columbia Forest Products. Greensboro is a "center of operations" for the insurance company Lincoln Financial Group. Greensboro is also headquarters to the Atlantic Coast Conference.

City leaders have been working to attract new businesses in the nanotech, high-tech, aviation and transportation/logistics sectors. The University of North Carolina at Greensboro and North Carolina A&T State University opened a joint research park, Gateway University Research Park.

Largest employers

According to the city's 2010 Comprehensive Annual Financial Report, the largest employers in the city are:

# Employer # of Employees
1 Guilford County Public Schools 10,394
2 Cone Health 7,218
3 City of Greensboro 3,108
4 United States Postal Service 2,800
5 Guilford County 2,700
6 University of North Carolina at Greensboro 2,499
7 High Point Regional Health System 2,320
8 Bank of America 2,000
9 American Express 2,000
10 TE Connectivity 2,000

Top industries

According to U.S. Bureau of Labor Statistics

Industry Jobs
Trade / Transportation / Utilities 73,800
Professional / Business 54,400
Manufacturing 54,200
Education and Health Service 48,400
Government 42,600
Leisure and Hospitality 36,700
Financial 18,200

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Greensboro - North Carolina