how much does it cost to sell apartment (commission)?

In Selling Property - Asked by susan w. - Sep 6, 2010
Report Abuse
Answer this Question

Answer(s)

Ratna Dewi Y.
Kerobokan, BA

normaly its around 5% commission from the selling thats the normal commision we had in indonesia from 5 til 10%.....

Sep 6, 2010
Report Abuse
Chad M.
Broker/Agent
Knoxville, TN

We normally look at a commission based upon the size of the complex ranging from 4%-6%. 4% being for the higher range from approx. $2MM and up.

Sep 7, 2010
Report Abuse
Marco T.
Broker/Agent
Miami, FL

If you want to sell only one or a few apartments is 5%-6%. If you want to sell the whole complex anywhere from 3% to 5% depending on the selling price.

Sep 7, 2010
Report Abuse
Neil B.
Broker/Agent
Louisville, KY

In the 5-6% range, depending on deal size.

Sep 7, 2010
Report Abuse
Yris A.
Broker/Agent
Mountainside, NJ

Hi Susan,
We have an excellent FOR SALE BY OWNER program. Flat feet of $395.00 / max commission 2-3% and we have affiliate brokers through out the country.

Sep 8, 2010
Report Abuse
Dean M.
Owner/Investor
North Haledon, NJ

Susan,
There are a number of costs to consider including but not limited to taxes (capital gains, transfer taxes), brokerage fees (can be as little as 1% for very large deals but average 5-6% for deal up to $5 million), and closing costs such as legal fees.
Good luck!
Dean

Sep 8, 2010
Report Abuse
Joseph S.
Owner/Investor
Beverly Hills, CA

Selling price is the most important factor. However, if there are properties for sale in the local market that are priced well with good commissions (your competition) you must incentives other agents to show your property to their clients versus the other ones. Good luck.

Sep 14, 2010
Report Abuse
Dorene S.
Broker/Agent
Torrance, CA

Dear Susan,
Commissions are negotiable and something that will be worked out between you and the brokerage of choice.

Nov 4, 2010
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question