Let us help you!

ListingBidder Resources

MN Avg Real Estate Commission Rate in Moorhead, Minnesota

Moorhead is a city in Clay County, Minnesota, United States, and the largest city in northwest Minnesota. The population was 42,005 according to the 2015 United States Census estimates. It is the county seat of Clay County.

Moorhead was platted in 1871. The city was named for William Garroway Moorhead (1811–1895), an official of the Northern Pacific railroad. Moorhead is bordered on the west by the Red River of the North and the city of Fargo, North Dakota. On the east, Moorhead is bordered by Dilworth, Minnesota. Moorhead, along with its twin city of Fargo, North Dakota, as well as adjacent West Fargo, form the core of the Fargo–Moorhead metropolitan area, which has a 2010 population of around 208,777 residents.

 

Moorhead, Minnesota 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 Fargo, ND, MN, Minnesota. 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 Fargo-MOORHEAD, 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 Minnesota, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Fargo, ND-MN $204,700 -0.50%
Minneapolis-St. Paul-Bloomington, MN-WI $259,000 6.80%
 
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 Minnesota.

 

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 38,065 people, 14,304 households, and 8,372 families residing in the city. The population density was 1,922.5 inhabitants per square mile (742.3/km2). There were 15,274 housing units at an average density of 771.4 per square mile (297.8/km2). The racial makeup of the city was 90.7% White, 2.0% African American, 1.5% Native American, 2.0% Asian, 1.1% from other races, and 2.6% from two or more races. Hispanic or Latino of any race were 4.1% of the population.

There were 14,304 households of which 29.4% had children under the age of 18 living with them, 43.5% were married couples living together, 10.6% had a female householder with no husband present, 4.4% had a male householder with no wife present, and 41.5% were non-families. 29.2% of all households were made up of individuals and 10% had someone living alone who was 65 years of age or older. The average household size was 2.41 and the average family size was 2.97.

The median age in the city was 28.3 years. 20.9% of residents were under the age of 18; 23.7% were between the ages of 18 and 24; 23.4% were from 25 to 44; 20.5% were from 45 to 64; and 11.5% were 65 years of age or older. The gender makeup of the city was 48.4% male and 51.6% female.

 

ECONOMY:

Agriculture remains prominent in the area, but Moorhead is also home to notable corporate, manufacturing and distribution industries, including [American Crystal Sugar] (corporate headquarters and sugar beet processing), Busch Agricultural Resources (malt manufacturing) and Pactiv (container manufacturing). The unemployment rate is consistently below the national average and property values are stable.

Principal employers

# Employer # of employees
1 Independent School District 152 826
2 Minnesota State University Moorhead 825
3 Concordia College 609
4 County of Clay 470
5 Eventide Lutheran Home 467
6 Advance Security 450
7 Creative Care for Reaching Independence (CCRI) 409
8 American Crystal Sugar Company 368
9 Minnesota State Community and Technical College 280
10 City of Moorhead 249

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Moorhead - Minnesota