Real Estate Commission Calculator: What Should You Be Paying?

The average real estate commission, split between a buying agent and selling agent, is around 6%. If you look hard enough, though, you can find better deals.
real estate commission

If you look over the history of home sales, you’ll notice most agents have earned commissions between five and seven percent. For the longest time, it appeared to be industry standard and people accepted it. 

However, in the last five to ten years, something has changed within the real estate market. There are more options for sellers than ever before.

Whether you’re buying or selling property in Billings, Montana, don’t get your real estate commission calculator out yet. We have some exciting news about how you can keep more money in your pocket. 

Why You Don’t Need to Take Out Your Real Estate Commission Calculator Just Yet

Real estate companies make a lot of money. Some of that money goes to the real estate agent themselves. After all, they are providing a service. That service costs money.

This is the same in Montana real estate and with Montana real estate brokers. However, not all real estate brokers are out for your money.

At Picket, we don’t pick your pocket when you buy or sell a home. We do honest business for a fair price. 

Picket charges two percent less on average to sell your home than those other Montana real estate brokers you’ll find. We didn’t stop there though.

We offer savings to buyers too! We offer a one percent rebate to buyers after closing. This can help with those out-of-state moving expenses. 

Traditional Agencies

You may have heard that if you don’t like your real estate agent’s commission fee, you can negotiate it down. However, according to reports from CNBC, 73 percent, or nearly 3 out of 4 real estate agents asked, would not lower their commissions to make a sale.

What does that mean for you, the seller? It means that you cannot negotiate down to a fairer price.

Picket doesn’t believe in that. As the only full-service reduced commission real estate brokerage in the Billings, Montana area, you’ll always get a fair deal whether you are buying or selling. 

Here’s what you can expect from traditional agencies: 

  • Costly overhead expenses and multiple broker/agent commission splits – this drives up those sneaky commissions fees, taking money out of your wallet

Traditional agencies are all about doing things, well…traditionally. They traditionally charge your five to seven percent to sell your home. 

Picket is Anything But Traditional

Well…safe to say, we don’t believe in doing things in a traditional way. Nope. We want our clients to feel supported, appreciated, valued. 

That’s why when you work with Picket to buy or sell a home in the Billings, Montana, are you can expect: 

  • A streamlined approach – passing the savings onto buyers and sellers rather than our brokerage. Full service real estate, just for less money. Its that simple.

We value American ideals, like an honest day’s pay for an honest day’s work, respecting the customer, and valuing everyone in a business transaction. That’s why whether you are buying or selling, with Picket, the savings are passed on to you!

What We Do for Sellers

When you work with Picket, you can expect a four percent commission fee. That’s two percent less than the rest of our competitors.  

Although we use the power of the internet, that doesn’t mean we aren’t local. We are based right in Billings. You’ll receive the local care and touch you would expect from a traditional agency, but with less money taken out of your wallet. 

As a realtor, we will provide a listing on MLS, Zillow, Realtor and Trulia. We’ll also promote your listing on social media like Facebook, Instagram, and other social media sites. 

We’ll provide a quality yard sign, and offer a competitive market analysis (CMA) to help price your home. 

As always, we will host an open house to bring in potential buyers. We do all this and save you two percent on your sale.

Curious about how much you can save when selling your home with Picket?  Try our home seller savings calculator, you’ll be pleasantly surprised!

Picket charges a 1% commission to sell your home (additional buyer’s agent fees may apply).

Estimate your home’s value:

You save  !

What We Do for Buyers

Have you ever heard of cashback on a house? They seem to leave that out in the credit card commercials, but that’s exactly what you’ll get when you buy from Picket. 

We believe in passing on the savings, and that’s why when you buy from Picket whether you are in-state or out-of-state, you’ll receive the same one percent rebate after closing. Traditional agencies don’t offer any rebates. 

 Because we are based right in billings, you’ll receive a local real estate agent. 

Here is a list of other things we offer as an agency: 

  • Property search assistance
  • Property tours
  • Negotiation
  • Closing guidance and representation
  • Up to 1 percent of the total purchase back as a rebate 

Whether you are looking to purchase in the Billings, Montana area, and you’re in-state or out-of-state, we’ll make the home buying process smooth and manageable while saving you money.

We’re serious about getting our home buyers cash back. Use our home buyer rebate calculator to see how much you’ll receive when you buy your home with Picket.

What the what?!  Picket will give you a cash rebate of 1%* of the final purchase price of your new home!

Estimate the price of the home you want to buy:

Your cash rebate is  !*

Global Appeal With Hometown Discounts – That’s Us!

If you’re okay with the traditional approach, be our guest. Feel free to get out your real estate commission calculator and start tallying up the costs. 

However, if you’d like a break from the traditional, let us help you buy or sell your home in the Billings, Montana area today. Call us at (406) 298-3332 or click here to contact us about how we can help.

Ready, Set, Awesome.

Whether you want to get started with Picket to buy or sell a home, have some questions, or just want to say hi – we’re ready to help!  Just provide the information below and one of our Billings Agents will get right back to you.

If the Buyer’s Agent commission is 3% or higher, the buyer will receive a 1% rebate after closing.  If the Buyer’s Agent commission is less than 3%, the buyer will receive .5% rebate after closing.