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SC Avg Real Estate Commission Rate in Greenville, Anderson, Mauldin, South Carolina

Greenville is the largest city in and the seat of Greenville County, South Carolina, United States. The city's mayor is Knox White, who has been in that position since December 1995. With an estimated population of 67,453 as of 2016, it is the sixth-largest city in the state. The population of the surrounding area was 400,492 as of 2010, making it the third-largest urban area in South Carolina as well as the fastest growing. Greenville is the largest city in the Greenville-Anderson-Mauldin Metropolitan Statistical Area. The MSA had a population of 884,975 in 2016, making it the largest in South Carolina and the third largest in The Carolinas.

Greenville is the largest city in the Greenville-Spartanburg-Anderson Combined Statistical Area, a 10-county region of northwestern South Carolina, is known as "The Upstate". According to United States Census Bureau, the CSA had a population of 1,442,117 as of 2016, making it the largest CSA in the state. Greenville is located approximately halfway between Atlanta and Charlotte, North Carolina, along Interstate 85, and its metropolitan area also includes Interstates 185 and 385.

Greenville has gained recognition in various national publications such as CNN Money, which ranked Greenville as one of the "Top 10 Fastest Growing Cities in the U.S." Bloomberg named Greenville the 3rd Strongest Job Market, 2010; and Forbes named Greenville the 13th Best City for Young Professionals. Greenville also earned the No. 3 slot by Condé Nast Traveler’s “The Best Small Cities in the U.S." in 2017. Greenville was the 4th fastest growing city in the United States between 2015 and 2016, as ranked by the Census Bureau.

 

Greenville, Anderson, Mauldin, South 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 Greenville, Anderson, Mauldin, South 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 Greenville, Anderson, Mauldin, South 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 South Carolina, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Charleston-North Charleston $277,700 6.80%
Charlotte-Concord-Gastonia, NC-SC $234,300 7.40%
Columbia $165,400 -0.10%
Florence $136,400 -6.00%
Greenville-Anderson-Mauldin $197,400 5.00%
Myrtle Beach-Conway-North Myrtle Beach $206,300 5.60%
Spartanburg $160,300 10.10%
 
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 South 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:

Greenville is the largest principal city of the Greenville-Anderson-Mauldin Metropolitan Statistical Area, a metropolitan area that covers Greenville, Laurens, Anderson and Pickens counties and had a combined population of 874,869 as of 2015.

Since South Carolina law makes annexing the suburban areas around cities difficult, Greenville's population is larger than what it is said to be. The 2010 city population was 58,409, while the total area population was 400,492.

As of the census of 2010, there were 58,409 people, 24,382 households, and 12,581 families residing in the city. The population density was 2,148.0 inhabitants per square mile (829.3/km2). There were 27,295 housing units at an average density of 1,046.9 per square mile (404.2/km2). The racial composition of the city was 62.12% White, 31.54% Black or African American, 3.44% Hispanic or Latino (of any race), 1.27% Asian, 0.14% Native American, 0.06% Pacific Islander, 1.37% of other races, and 1.11% of Two or more races.

There were 29,418 households out of which 22.3% had children under the age of 18 living with them, 32.7% were married couples living together, 15.5% had a female householder with no husband present, and 48.4% were non-families. 40.8% of all households were made up of individuals and 12.8% had someone living alone who was 65 years of age or older. The average household size was 2.11 and the average family size was 2.90.

In the city, the age distribution of the population shows 20.0% under the age of 18, 13.8% from 18 to 24, 31.3% from 25 to 44, 20.5% from 45 to 64, and 14.4% who were 65 years of age or older. The median age was 35 years. For every 100 females there were 89.9 males. For every 100 females age 18 and over, there were 86.8 males.

The median income for a household in the city was $33,144, and the median income for a family was $44,125. Males had a median income of $35,111 versus $25,339 for females. The per capita income for the city was $23,242. About 12.2% of families and 16.1% of the population were below the poverty line, including 22.7% of those under age 18 and 17.5% of those age 65 or over.

 

ECONOMY:

Greenville's economy was formerly based largely on textile manufacturing, and the city was long known as "The Textile Capital of the World". In the last few decades, favorable wages and tax benefits have lured foreign companies to invest heavily in the area. The city is the North American headquarters for Michelin, AVX Corporation, Ameco, CertusBank, and Scansource. In 2003, the International Center for Automotive Research was created, establishing CUICAR as the new model for automotive research. The Center for Emerging Technologies in mobility and energy was opened in 2011, hosting a number of companies in leading edge R&D and the headquarters for Sage Automotive.

When the former Donaldson Air Force Base closed, the land became the South Carolina Technology and Aviation Center, and became home to a Lockheed Martin aircraft and logistics center, as well as facilities operated by 3M and Honeywell. Donaldson Center Airport now occupies the former air base as a public airport. General Electric has a gas turbine, aviation and wind energy manufacturing operations located in Greenville.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Greenville - South Carolina