When it comes to purchasing or selling a home in Bucks County, Pennsylvania, it is beneficial to be aware of the discounts and incentives that are available. Your real estate agent typically splits the 5.53% commission with the buyer's agent, which is usually only paid when the sale is finalized. Depending on your budget, flexibility, and timeline, there are a few different types of housing that may be available. Newly constructed homes, also known as “quick delivery homes”, are often offered by builders.
These homes come with a model, structural improvements, and finishes that have already been chosen by the builder. Some of these finishes can still be customized, such as floors, kitchen cabinets, and accessories. Builders may also provide incentives for quick home deliveries. Production houses are another option for those looking for more flexibility and customizations at a more affordable price than custom homes.
These homes are built from a portfolio of floor plans and allow for more design decisions than a specific home but less than a fully customized home. Some production home builders offer semi-custom homes with an extensive menu of customization options and upgrades. Cash offers at the time of going on sale may be attractive to wealthy buyers, but they may not always be the best option. Pennsylvania real estate agents may be willing to lower their commission rate if they are confident that they can sell your home quickly and at a high price. The average commission charged by Pennsylvania real estate agents is 5.53%, which is divided between the real estate agent and the buyer's agent. Referring friends, family members, or acquaintances to your real estate agent can give you an advantage in negotiations.
Some agents offer discounted rates as low as 1%, which is significantly lower than the typical 2.81% listing rate in Pennsylvania. Overall, data shows that most home buyers and sellers still find value in hiring a Pennsylvania real estate agent. With so many beautiful homes in Bucks County offering a high quality of life to residents, it pays to know what discounts and incentives are available when buying or selling a home.