How commission works | How to save on commission | The current Delaware housing market | The best low commission companies | Methodology
📊 The data: We surveyed local agents and found that the average real estate commission in Delaware is 5.44%, which is higher than the national average of 5.37%. |
That means, to sell an average Delaware house worth $353,400 you’ll pay about $19,200 in realtor fees.
Realtor commission is usually the largest cost you'll face when selling your home — but you don't have to pay the full 5.44%.
Selling with a discount real estate company like Clever could help you save thousands on commission. Clever negotiates 1% listing fees with full-service Delaware realtors from top brokers.
On that same $353,400 home — you'd pay just $13,100, up to 32% less than paying average rates.
» SAVE: Sell with Clever for 1% listing fees and save thousands in commission!
Below, we cover everything you need to know about Delaware real estate commission fees and share tips on how to save more when you sell.
How real estate agent commission works in Delaware
There are usually two real estate agents involved in a home sale:
- The seller's agent (also called the listing agent), who represents the home seller
- The buyer's agent, who represents the person buying the home
Both agents earn a percentage of the home's final price when the sale closes. This payment is called real estate agent commission, and it's baked into the sale price when you sell your home.
Based on our research, the average commission split in Delaware has 50.0% of the commission going to the listing agent and 50.0% going to the buyer's agent.
» LEARN: How do real estate commissions work?
Who pays realtor fees in Delaware?
In Delaware, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal.
However, since this commission is baked into the sales price, you could say that the home buyer is paying — at least in part — through a higher price.
» LEARN: Who pays realtor commission?
How to save on real estate commission in Delaware
💰 Best ways to save on commission:
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Keep reading to learn how you can negotiate cheaper rates or find low commission companies that negotiate lower realtor fees for you!
Tips for negotiating realtor commission in Delaware
Whether you’re selling a chic condo in Wilmington, a vacation home in Rehoboth, or an investment rental in Dover, you should always try to lower your real estate commission rate.
Negotiating a lower realtor percentage in Delaware depends on two main factors: your situation and the housing market.
Factor | You may have an easier time negotiating low rates if... |
|---|---|
Your situation |
|
The Delaware housing market |
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While your personal situation will obviously vary, Delaware real estate market conditions will affect all home sellers in your area.
In general, in a seller's market — where home sellers have more leverage than buyers — a listing agent's job is easier and they may be more willing to lower their commission rates. The opposite is usually true in a buyer's market.
» LEARN: Find our top tips for negotiating lower commission fees
To judge the current state of your real estate market, look at these three factors:
- Months of inventory ⓘ
- Sale to list price ⓘ
- Home value trends ⓘ
If every factor points to Delaware being a seller's market, then you may be in a good position to negotiate a lower commission rate with your agent. If market conditions are mixed or favor buyers, it may be more challenging to persuade your realtor to accept a cheaper fee.
The current state of the Delaware real estate market
Factor | Trends | Indication |
|---|---|---|
Months of inventory | There's 0.6 months of housing inventory on the market | Seller's market |
Sale-to-list ratio | Homes are selling for 101.98% of their listing price | Seller's market |
Home values | Home values have risen 29.83% year over year | Seller's market |
Low commission real estate companies in Delaware
Negotiating a lower rate with a professional negotiator can be hard! In many cases, home sellers can save just as much (or more!) by selling with a low commission real estate company.
These are some of the top discount and flat-fee MLS services in Delaware.
The top discount real estate companies in Delaware
Discount real estate companies typically offer full-service support for a reduced commission percentage or flat rate. Like traditional agents, these agents are fully licensed and have met all of the requirements of the Delaware real estate commission board.
How they create those discounts will depend on the company's model, with some creating more risks and tradeoffs than others.
Clever Real Estate
Learn More💲 Listing Fee
$3,000 or 1%
💰 Avg. Savings
$7,375
⭐ Avg. Customer Rating
4.9/5 (1,558 reviews)
Clever is a quick, easy, and free way to find a top-rated local agent. And, unlike many similar companies, Clever pre-negotiates big discounts on your behalf, so you can save thousands without sacrificing on service.
- Free, nationwide agent-matching service that partners with full-service local agents from conventional brokerages like Keller Williams, Century 21, and RE/MAX
- Provides multiple agent matches so you can interview, compare marketing plans, and choose the best fit
- Pre-negotiates low rates on your behalf — you get full service for a flat $3,000 listing fee, or just 1% if the home sells for more than $350,000
- If you buy with Clever, you could get a check worth up to 0.5% of the home price
- You may not get matched with an agent from your preferred real estate brokerage
- Agents may not provide premium services like drone photography and professional home staging
As of June 10, 2022, Clever has a 4.9 out of 5 rating on Trustpilot, based on 1,512 reviews.
Clever has pre-negotiated low commission rates with top agents in all 50 states and Washington, DC.
Redfin
Full Review💲 Listing Fee
1.5% (min. fees vary)
💰 Avg. Savings
$5,550
⭐ Avg. Customer Rating
3.9/5 (416 reviews)
Redfin offers real savings and a proven brand. But sellers could compromise on service — especially agent experience and availability.
- If you buy and sell with Redfin, you'll get a 0.5% listing fee discount
- Redfin gives its listings premium placement in its popular home search app
- If finding the right agent is a top priority, you'll have limited options — Redfin only has a few agents in each of its markets
- Redfin agents handle more customers at once than the average realtor, so they may not be able to provide as much personalized service
Redfin has a 3.9 out of 5 rating (416 reviews) across popular review sites like Google and Yelp.
Redfin is available in 80+ U.S. markets (see all locations).
» LEARN: How do discount real estate brokers offer lower fees?
The top flat-fee MLS listing services in Delaware
Flat-fee MLS services list your home on your local MLS for a low fee, often around $100-300. The trade-off is that you'll have to handle almost the entire home-selling process yourself. If you're a real estate novice, or simply don't have the time to sell your home without a realtor, this might not be a good option.
» MORE: What you need to know about flat-fee MLS services.
Learn more
Delaware, the second-smallest state in the Union, punches well above its weight class, offering a ton of history, some of the best beaches on the East Coast, a thriving economy, and extremely business-friendly policies.
The economy is spearheaded by a huge pharmaceutical and chemical industry — Delaware is often referred to as the Chemical Capital of the World — and has excellent job growth fueled by robust population growth.
Delaware housing values have risen steadily over the past decade, and currently sit just above the national average. Minuscule inventory should keep demand high, and the state’s appeal looks like it will continue to grow, making Delaware one of the rare states that’s equally attractive to sellers and buyers.
If you want to save thousands of dollars in listing fees on your Delaware home sale, Clever has pre-negotiated a low 1% commission rate with top-rated real estate agents in Delaware (or a flat fee of $3,000 if your home sells for less than $350,000). Contact Clever today to get started on your commission savings!
Methodology
Our data on commission rates is based on a survey of 630 of our partner agents, in which we asked for typical rates for both buyer's and seller's agents in their area.
Additionally, we utilized the following data from Zillow and Realtor.com:
- Home values, list prices, and sale prices: Based on Zillow data as of May 2022
- Sale prices and sale-to-list ratios: Based on Redfin data as of May 2022 (unless specified otherwise)
- Months of inventory: Based on Realtor.com data as of May 2022