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FL Avg Real Estate Commission Rate in Lakeland, Winter Haven, Florida

Lakeland is a city in Polk County, Florida, located along Interstate 4 east of Tampa. It is part of the Tampa Bay Area. According to the 2013 U.S. Census Bureau estimate, the city had a population of 100,710. Lakeland is a principal city of the Lakeland–Winter Haven Metropolitan Statistical Area (coterminous with Polk County), which had an estimated population of 623,009 in July 2013 based on data from the University of Florida Bureau of Economic and Business Research. It is twinned with Richmond Hill, Ontario; Imabari, Ehime, Japan; Bălți, Moldova; Portmore, Jamaica; and Chongming County, Shanghai, China through the Lakeland chapter of Sister Cities International.

Native Americans began to live in the area 12,000 years ago. White settlers arrived in Lakeland in the 1870s and the city expanded in the 1880s with the arrival of rail service. Lakeland is home to the 1,267-acre Circle B Bar Reserve.

 

Lakeland, Winter Haven, 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 Lakeland, Winter, Haven, 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 Lakeland, Winter Haven, 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%
Gainsville $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:

As of 2010, 48,218 households were in the city, with 15.5% being vacant. As of 2000, 23.5% had children under the age of 18 living with them, 43.5% were married couples living together, 13.7% had a female householder with no husband present, and 39% were individuals and nontraditional families. About 32.9% of all households were made up of individuals, and 14.9% had someone living alone who was 65 years of age or older. The average household size was 2.23 and the average family size was 2.82.

As of the 2010 census, the city was 20.9% Black or African American, 70.8% White, 0.3% Native American, 1.8% Asian, 0.1% Native Hawaiian, and 2.7% were two or more races. 12.6% of the population were of Hispanic or Latino ancestry.

In 2000, the city the population was spread out with 21.4% under the age of 18, 10.3% from 18 to 24, 24.7% from 25 to 44, 20.6% from 45 to 64, and 23.0% who were 65 years of age or older. The median age was 40 years. For every 100 females, there were 86.8 males. For every 100 females age 18 and over, there were 82.1 males.

In 2000, the median income for a household in the city was $16,119, and for a family was $17,468. Males had a median income of $14,137 versus $9,771 for females. The per capita income for the city was $15,760. About 47% of families and 35% of the population were below the poverty line, including 97% of those under age 18 and 9% of those age 65 or over. In 2008–2012, the per capita income was $23,817 and the median household income was $40,284. Persons below the poverty line in 2008–2012 were 17.5% according to the US Census.

 

ECONOMY:

Lakeland is the largest city on Interstate 4 between Orlando and Tampa. Large industries in the Lakeland area are citrus, cattle, and phosphate mining. In the past few decades, tourism, medicine, insurance, transportation, and music have grown in importance.

Citrus growing dates back to the early settlers who planted trees in the area in the 1850s. After a series of freezes in counties north of Polk County, the area became the focal point for citrus growing in Florida. Although citrus is no longer the largest industry in the area, it still plays a large part in the economy of Lakeland and Polk County.

Phosphate mining is still important to the economy of Lakeland, although most of the mining now takes place further south. The Bone Valley produced 25% of the U.S. phosphate supply.

Lakeland's largest employer is Publix Supermarkets. Publix is one of the largest regional grocery chains in the United States with over 1,000 stores across the American South. Publix employs over 6,500 people in the Lakeland area including headquarter and warehouse employees.

Lakeland is a transportation hub. FedEx Freight and FedEx Services and the Saddle Creek Corporation employ over 600 people in the area. Other large employers in the area include Amazon, GEICO, Rooms To Go, and Lakeland Regional Medical Center.

 

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