Jefferson County is a county located in the U.S. state of Indiana. As of 2017, the population was 32,565. The county seat is Madison.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Louisville/Jefferson County, Indiana. 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 Louisville Metro Area/Jefferson County, Indiana, 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 Midwest rose 6.6%, to $204,000, 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 Indiana, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|South Bend-Mishawaka, IN-MI||$125,400||3.00%|
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 Indiana.
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.
Click here to see your savings in just 24 hours…
As of the 2010 United States Census, there were 32,428 people, 12,635 households, and 8,456 families residing in the county. The population density was 89.9 inhabitants per square mile (34.7/km2). There were 14,311 housing units at an average density of 39.7 per square mile (15.3/km2). The racial makeup of the county was 95.2% white, 1.7% black or African American, 0.7% Asian, 0.2% American Indian, 0.9% from other races, and 1.3% from two or more races. Those of Hispanic or Latino origin made up 2.3% of the population. In terms of ancestry, 23.5% were German, 15.4% were American, 12.9% were Irish, and 11.2% were English.
Of the 12,635 households, 31.4% had children under the age of 18 living with them, 50.5% were married couples living together, 11.4% had a female householder with no husband present, 33.1% were non-families, and 27.2% of all households were made up of individuals. The average household size was 2.42 and the average family size was 2.90. The median age was 39.7 years.
The median income for a household in the county was $47,697 and the median income for a family was $52,343. Males had a median income of $42,629 versus $30,475 for females. The per capita income for the county was $21,278. About 10.2% of families and 15.1% of the population were below the poverty line, including 22.1% of those under age 18 and 10.1% of those age 65 or over.