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WV Avg Real Estate Commission Rate in Martinsburg, West Virginia

Martinsburg is a city in and the county seat of Berkeley County, West Virginia, United States, in the tip of the state's Eastern Panhandle region. Its population was 17,687 in the 2016 census estimate, making it the largest city in the Eastern Panhandle and the ninth-largest municipality in the state. Martinsburg is part of the Hagerstown-Martinsburg, MD-WV Metropolitan Statistical Area.

The Hagerstown–Martinsburg Metropolitan Area, officially designated by the United States Office of Management and Budget (OMB) as Hagerstown–Martinsburg, Maryland–West Virginia Metropolitan Statistical Area (MSA), constitutes the primary cities of Hagerstown, Maryland, Martinsburg, West Virginia, and surrounding areas in three counties: Washington County, Maryland, Berkeley County, West Virginia, and Morgan County, West Virginia. The metro area lies mainly within the rich, fertile Cumberland and Shenandoah valleys, and is approximately a 60–90 minute drive from Washington, D.C., Baltimore, Maryland, and Harrisburg, Pennsylvania; Hagerstown is approximately 75 miles (121 km) driving distance from all three cities. The population of the metropolitan area as of 2008 is 263,753.

Hagerstown–Martinsburg, MD–WV Metropolitan Statistical Area (MSA) covers an area of 1,019 square miles (2,640 km2).

The MSA is roughly bordered to the east by South Mountain, to the west by Sideling Hill, to the north by the Mason–Dixon line, and to the south by Northern Virginia. Elevations run from about 250 feet (76 m) above sea level in low-lying valleys to approximately 1,250 feet (380 m) above sea level at Sideling Hill. The Potomac River runs from west to east through the heart of the metro area with tributaries including Sideling Hill Creek, Conococheague Creek, and Antietam Creek. Terrain in the region is very well-suited and used for dairy farming, cornfields, and fruit orchards. Some undeveloped deciduous forestry also exists, especially in the mountainous portions of the area. However, much of the region's land is becoming increasingly threatened by urban sprawl.

 

Martinsburg, West Virginia 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 Hagerston-Martinsburg, MD-WV, West Virginia. 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 Hagerston-Martinsburg, MD-WV, West Virginia, 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 West Virginia, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Charleston, WV $138,200 -2.50%
Cumberland, MD-WV $98,200 3.50%
Hagerston-Martinsburg, MD-WV $174,700 4.90%
Washington-Arlington-Alexandria, DC-VA-MD-WV $428,700 5.40%
 
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 West Virginia.

 

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 17,227 people, 7,293 households, and 4,106 families residing in the city. The population density was 2,590.5 inhabitants per square mile (1,000.2/km2). There were 8,408 housing units at an average density of 1,264.4 per square mile (488.2/km2). The racial makeup of the city was 77.5% White, 14.9% African American, 0.4% Native American, 1.2% Asian, 0.1% Pacific Islander, 2.3% from other races, and 3.7% from two or more races. Hispanic or Latino of any race were 6.2% of the population.

There were 7,293 households of which 29.6% had children under the age of 18 living with them, 35.3% were married couples living together, 15.0% had a female householder with no husband present, 6.0% had a male householder with no wife present, and 43.7% were non-families. Of all households, 35.4% were made up of individuals and 12.6% had someone living alone who was 65 years of age or older. The average household size was 2.32 and the average family size was 3.00.

The median age in the city was 37 years. 23.3% of residents were under the age of 18; 8.6% were between the ages of 18 and 24; 28.3% were from 25 to 44; 26.3% were from 45 to 64; and 13.4% were 65 years of age or older. The gender makeup of the city was 48.8% male and 51.2% female.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Martinsburg, West Virginia