Wichita Falls is a city in and the county seat of Wichita County, Texas, United States. It is the principal city of the Wichita Falls Metropolitan Statistical Area, which encompasses all of Archer, Clay, and Wichita Counties. According to the 2010 census, it had a population of 104,553, making it the 35th-most populous city in Texas. In addition, its central business district is five miles (8 km) from Sheppard Air Force Base which is home to the Air Force's largest technical training wing and the Euro-NATO Joint Jet Pilot Training (ENJJPT) program, the world's only multi-nationally manned and managed flying training program chartered to produce combat pilots for both USAF and NATO.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Wichita Falls, Texas. 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 Wichita Falls, Texas, 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 Texas, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|Houston-The Woodlands-Sugar Land||$235,600||8.40%|
|San Antonio-New Braunfels||$222,600||5.70%|
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.
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 Texas.
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.
Click here to see your savings in just 24 hours…
As of the census of 2000, 104,197 people, 37,970 households, and 24,984 families resided in the city. The population density was 1,474.1 inhabitants per square mile (569.2/km2). The 41,916 housing units averaged 593.0 per square mile (229.0/km2). The racial makeup of the city was 75.1% White, 12.4% African American, 0.9% Native American, 2.2% Asian, 0.1% Pacific Islander, 6.4% from other races, and 3.0% from two or more races. Hispanics or Latinos of any race were 14.0% of the population.
Of the 37,970 households, 33.1% had children under the age of 18 living with them, 49.7% were married couples living together, 12.3% had a female householder with no husband present, and 34.2% were not families. About 28.7% of all households were made up of individuals, and 10.7% had someone living alone who was 65 years of age or older. The average household size was 2.46, and the average family size was 3.04.
In the city, the population was distributed as 24.7% under the age of 18, 15.2% from 18 to 24, 29.3% from 25 to 44, 18.6% from 45 to 64, and 12.3% who were 65 years of age or older. The median age was 39 years. For every 100 females, there were 106.2 males. For every 100 females age 18 and over, there were 106.7 males.
The median income for a household in the city was $32,554, and for a family was $39,911. Males had a median income of $27,609 versus $21,877 for females. The per capita income for the city was $16,761. About 10.8% of families and 13.9% of the population were below the poverty line, including 17.7% of those under age 18 and 10.3% of those age 65 or over.
According to Wichita Falls' 2011 Comprehensive Annual Financial Report, the top employers in the city are:
|#||Employer||# of Employees|
|1||Sheppard Air Force Base||12,272|
|2||Wichita Falls Independent School District||2,059|
|3||North Texas State Hospital||1,974|
|4||United Regional Health Care System||1,778|
|5||City of Wichita Falls||1,477|
|6||Midwestern State University||1,284|
|7||James V. Allred Unit||971|
|9||Work Services Corporation||730|