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SC Avg Real Estate Commission Rate in Myrtle Beach, Conway, South Carolina

Myrtle Beach is a coastal city on the east coast of the United States in Horry County, South Carolina. It is situated on the center of a large and continuous stretch of beach known as the Grand Strand in northeastern South Carolina.

Myrtle Beach is one of the major centers of tourism in South Carolina and the United States because of the city's warm subtropical climate and extensive beaches, attracting an estimated 14 million visitors each year. As of the 2010 census, the population of the city was 27,109, and in 2016 the estimated population was 32,240. The Myrtle Beach metropolitan area had an estimated population in 2016 of 449,495.

 

Myrtle Beach, Conway, North Myrtle Beach, 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 Myrtle Beach, Conway, North Myrtle Beach, 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 Myrtle Beach, Conway, North Myrtle Beach, 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:

Myrtle Beach is the largest principal city of the Myrtle Beach-Conway-Georgetown CSA, a Combined Statistical Area that includes the Myrtle Beach-Conway-North Myrtle Beach metropolitan area (Horry County) and the Georgetown micropolitan area (Georgetown County), which had a combined population of 329,449 at the 2010 census.

As of the 2010 census, the population of Myrtle Beach was 27,109. Per the 2000 census there were 22,759 permanent residents in Myrtle Beach, 10,413 households, 5,414 families, 1,356.5 people per square mile (523.7/km²), with 14,658 housing units at an average density of 873.5 per square mile (337.3/km²).

 

ECONOMY:

Myrtle Beach's economy is dominated by the tourist industry; hotels, motels, resorts, restaurants, attractions, and retail developments exist in abundance to service visitors.

There are approximately 95 golf courses in and around Myrtle Beach (as of 2015) as the golfing industry represents a significant presence in the area.

A manufacturing base produces plastic, rubber, cardboard, foam, and ceramic products usually in small scale.

 

TOURISM:

Hosting over 14 million visitors annually, the Grand Strand is home to an array of tourist attractions, and the area receives a large influx of visitors during all seasons. Nearly 100,000 visitors a year are estimated to come from overseas, with tourists from Canada, Germany and the United Kingdom.

Myrtle Beach hosts a variety of special conventions, events, and musical concerts. The area's attractions include its beaches and courses, as well as a number of amusement parks, an aquarium, Legends In Concert, retail developments, a number of shopping complexes and over 1,900 restaurants including seafood restaurants. The area also has dinner theaters, nightclubs, and many tourist shops. Myrtle Beach has an estimated 460 hotels, with many on the beachfront, and approximately 89,000 accommodation units in total. Also in the city is Myrtle Waves, one of the largest water parks on the East Coast of the United States. Myrtle Beach has the Sun Fun Festival early each June.

The Carolina Opry is another highly acclaimed attraction, which features various musical, comedy, dance, and entertainment shows, including the Carolina Opry (variety show), Good Vibrations (best of the 1960s, 1970s, and 1980s), Light—a Laser Extravaganza. During the holiday season, the venue hosts the Carolina Opry Christmas Special. It is housed in a 2,200-seat theater.

The Myrtle Beach Boardwalk opened in 2010 and has been recognized as the nation's #3 boardwalk by National Geographic and one of the best US boardwalks by Travel + Leisure magazine. The Myrtle Beach Skywheel opened at the boardwalk in May, 2011, and is a 200-foot (61 m) observation wheel, similar to a ferris wheel, with glass gondolas that look over the Atlantic Ocean. This is the first wheel of its kind in the U.S. Myrtle Beach State Park, established in 1935, has just under a mile of Grand Strand beach and is a prime location for camping, swimming, hiking, biking, and fishing. Pier 14 by the Boardwalk.

 

 
Hotels and tourists along the Myrtle Beach shoreline (July 2014)
 
 
View of hotels in Myrtle Beach
 
 
Myrtle Beach Boardwalk
 

he Myrtle Beach Convention Center is a large facility that hosts a variety of meetings, conferences, exhibits, and special events every year. The expansive center, which opened in 2003, has a Sheraton hotel and resort.

Each March since 1951 during Ontario's spring break, Myrtle Beach has hosted Canadian-American Days, also known as Can-Am Days. Tens of thousands of tourists flock to the area for a week's worth of special events. Myrtle Beach is also home to Coastal Uncorked, a food and wine festival held in the late spring annually. In June, recently graduated high school seniors come to Myrtle Beach for Senior Week.

With numerous professional fireworks displays along the oceanfront, Myrtle Beach is recognized among the top destinations for Fourth of July travel. Priceline.com ranked Myrtle Beach among its top 20 destinations for Fourth of July in 2010.

The majority of visitors make their way to the region during the high season (June–August) looking to make the most of its fine weather.

Although gambling is not legal in South Carolina, Myrtle Beach residents and visitors have easy access to gambling by boat, as passengers can travel into international waters beyond the reach of federal and state gambling laws.

The city and surrounding area is served by Myrtle Beach International Airport. With regular flights to and from destinations such as Atlanta, Boston, Detroit, Fort Lauderdale, New York and Washington, the airport itself is well connected for both domestic and international tourists visiting the region. The airport also serves as a seasonal gateway to and from the likes of Chicago, Dallas and Toronto.

The city is located between Wilmington, North Carolina and Charleston, South Carolina with U.S. Route 17 serving as the main transport link for those journeying from the north and south.

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