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MI Avg Real Estate Commission Rate in Saginaw, Michigan

Saginaw is a city in the U.S. state of Michigan and the seat of Saginaw County. The city of Saginaw and Saginaw County are both located in the area known as Mid-Michigan or Central Michigan. The city of Saginaw is located adjacent to Saginaw Charter Township and is considered part of the Tri-City area, along with neighboring Bay City and Midland. The Saginaw County MSA had a population of 196,542 in 2013. The city is also the largest municipality within the Saginaw, Midland, and Bay City Metropolitan Area.

The city of Saginaw was a thriving lumber town in the 19th century and an important industrial city and manufacturing center throughout much of the 20th century. However, by the late 20th century, Saginaw's industry and its once-strong manufacturing presence declined, leading to increasing unemployment, crime, and a decrease in population. Neighboring communities, such as Saginaw Charter Township, saw subsequent population increases while the city itself is projected to return to normal population growth after the decades-long structural changes to the economy.

Currently, economic development is focused on comparative advantages in innovation, clean energy, and continued manufacturing exports. Compared to other mid-sized communities, Saginaw has a disproportionately high number of patents per employee, and more than 81 times the average US share of jobs in photovoltaic technology research and production. The city continues to have a higher proportion of manufacturing jobs in comparison to the US.

 

Saginaw, Michigan 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 Saginaw, Michigan. 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 Saginaw, Michigan, 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 Michigan, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Ann Arbor $283,800 11.60%
Detroit-Warren-Dearborn N/A N/A
Grand Rapids-Wyoming $182,700 13.70%
Lansing-East Lansing $145,600 4.60%
Saginaw N/A N/A
South Bend-Mishawaka $125,400 3.00%
 
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 Michigan.

 

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 51,508 people, 19,799 households, and 12,252 families residing in the city. The population density was 2,970.5 inhabitants per square mile (1,146.9/km2). There were 23,574 housing units at an average density of 1,359.5 per square mile (524.9/km2). The racial makeup of the city was 46.1% African American, 43.5% White, 0.5% Native American, 0.3% Asian, 5.2% from other races, and 4.4% from two or more races. Hispanic or Latino of any race were 14.3% of the population.

There were 19,799 households of which 36.0% had children under the age of 18 living with them, 26.9% were married couples living together, 28.7% had a female householder with no husband present, 6.3% had a male householder with no wife present, and 38.1% were non-families. 32.1% of all households were made up of individuals and 9.5% had someone living alone who was 65 years of age or older. The average household size was 2.52 and the average family size was 3.19.

The median age in the city was 33.5 years. 28.4% of residents were under the age of 18; 10.6% were between the ages of 18 and 24; 25.1% were from 25 to 44; 25% were from 45 to 64; and 10.9% were 65 years of age or older. The gender makeup of the city was 47.1% male and 52.9% female.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Saginaw - Michigan