U
nderstanding real estate commissions in New Hampshire is crucial when buying or selling a property. In 2024, updates to real estate commissions were introduced across the US, aiming to provide clearer communication and greater transparency for both buyers and sellers.

    Before diving into real estate commissions, it's helpful to understand the current state of the housing market in New Hampshire:

    * Median Home Sale Price: $502,700

    * Housing Supply: 5,610 (+15.3% YoY)

    * Homes Sold Above List Price: 50.8% (-6.5 pts YoY)

    Real estate commissions refer to the fees paid to real estate agents for their services in facilitating a home sale. These fees are typically calculated as a percentage of the home's final sale price and are paid at closing.

    In New Hampshire, commission rates vary depending on the specifics of the deal and the agreement between the involved parties. While there are common rates, commissions are fully negotiable, allowing buyers and sellers to tailor a fee structure that suits their needs. Below is an example of commission rates for median home prices in major New Hampshire cities:

    * Manchester: $445,000 - 1.5% ($6,675), 3% ($13,350), 5% ($22,250)

    * Nashua: $502,242 - 1.5% ($7,534), 3% ($15,067), 5% ($25,112)

    * Concord: $426,000 - 1.5% ($6,390), 3% ($12,780), 5% ($21,300)

    Can you negotiate real estate commissions in New Hampshire? Yes, real estate commissions are fully negotiable. Agents may be open to lowering their fees based on the nature of the transaction, the services they're offering, or your relationship with them.

    Tips for a successful negotiation:

    * Compare multiple agents and their fee structures before choosing one.

    * Consider performance-based incentives, such as a higher commission for a faster sale or a higher final price.

    * If your property is in a desirable location, use that to your advantage to negotiate a lower commission.

    New Hampshire real estate commission FAQs:

    * What are the changes to real estate commission? Buyers must now sign an agreement with their agent outlining the agent's commission before viewing homes. Buyer agent fees are no longer displayed in MLS listings.

    * How do the changes impact buyers in New Hampshire? Buyers must confirm their agent's fee in writing before home tours.

    * How do the changes impact sellers in New Hampshire? Sellers will need to negotiate with their agent about how much, if anything, they are willing to offer the buyer's agent.