What is the going rate for realtor fees?

I am going to buy a house for my wife. My realtor is offering to help me buy my house for 5%. She told me that the regular rate was 6% and I am getting a good deal. My buddy is telling me he got his around six months back for near 4%. Is there a rate I should ask for or are the fees from my realtor okay?

Answer #1

Six percent is standard, however, there are some companies that do transactions for flat fees, and others that rebate you a portion of the fee, etc, which can work out to even less than four percent on the real estate sale. Definitely shop around.

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