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SC Avg Real Estate Commission Rate in Spartanburg, South Carolina

Spartanburg is the most populous city in and the seat of Spartanburg County, South Carolina, United States, and the 12th-largest city by population in the state. The city of Spartanburg has a municipal population of 37,013, and Spartanburg County has an urban population of 180,786 as of the 2010 census. The Spartanburg Metropolitan Statistical Area, including Spartanburg and Union counties, had a population of 317,057 as of the 2010-2014 American Community Survey 5-Year Estimates.

Spartanburg is the second-largest city in the greater Greenville–Spartanburg–Anderson Combined Statistical Area, which has a population of 1,385,045 as of 2014. It is part of a 10-county region of northwestern South Carolina known as "The Upstate," and is located 98 miles (158 km) northwest of Columbia, 80 miles (130 km) west of Charlotte, North Carolina, and about 190 miles (310 km) northeast of Atlanta, Georgia.

Spartanburg is a major city in South Carolina. It is the home of Wofford College and the site of headquarters for Denny's. Spartanburg is also home of the BMW Spartanburg factory.

 

Spartanburg, 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 Spartanburg, 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 Spartanburg, 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:

As of the census of 2010, there were 37,013 people, 15,989 households, and 9,721 families residing in the city. The population density was 2,066.3 people per square mile (799.9/km²). There were 17,696 housing units at an average density of 923.9 per square mile (356.8/km²). The racial makeup was 49.55% African American, 47.15% White, 0.18% Native American, 1.33% Asian, 0.06% Pacific Islander, 0.76% from other races, and 0.96% from two or more races. Hispanic or Latino of any race were 1.78% of the population.

There were 15,989 households out of which 28.9% had children under the age of 18 living with them, 34.0% were married couples living together, 23.0% had a female householder with no husband present, and 39.2% were non-families. 34.0% of all households were made up of individuals and 13.2% had someone living alone who was 65 years of age or older. The average household size was 2.33 and the average family size was 3.00.

In the city, the population was spread out with 25.2% under the age of 18, 12.2% from 18 to 24, 26.6% from 25 to 44, 20.6% from 45 to 64, and 15.4% who were 65 years of age or older. The median age was 35 years. For every 100 females there were 79.6 males.

The median income for a household in the city was $28,735, and the median income for a family was $36,108. Males had a median income of $30,587 versus $23,256 for females. The per capita income for the city was $18,136. About 29.4% of families and 23.3% of the population were below the poverty line, including 34.6% of those under age 18 and 15.4% of those age 65 or over.

 

ECONOMY:

Within the past decade, developers and community leaders have spearheaded an effort to revitalize Spartanburg's downtown commercial district. This has resulted in a remodeling of Morgan Square, the restoration of a number of historic structures and the relocation of several businesses and company headquarters to the downtown vicinity. Some of these new developments include a nine-floor, 240-room Marriott and the headquarters of QS/1 Data Systems. The world headquarters of Denny's restaurants is also located in downtown Spartanburg. Numerous other smaller businesses such as RJ Rockers Brewing Company have also moved downtown as a result of this community-wide effort.

The economy of both Greenville, South Carolina and Spartanburg benefit from the BMW manufacturing facility located in the city of Greer, South Carolina. As of February 2017, the plant employs around 8,800 people with an average daily output of about 1,400 vehicles.

Spartanburg is also home to the world headquarters and research facility for Milliken & Company, a textile and chemical manufacturer.

Top employers

According to Spartanburg's 2015 Comprehensive Annual Financial Report, the principal employers in the city are:

# Employer # of Employees
1 Spartanburg Regional 6,400
2 Spartanburg County 1,437
3 Spartanburg County School District 7 1,243
4 Walmart 925
5 American Credit Acceptance 582
6 QS/1 Headquarters 520
7 Wofford College 450
8 City of Spartanburg 438
9 Advance America 411
10 Denny's Corporation 285

 

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