When you sell your home you’ll hopefully end up with no more home loan and tens of thousands of dollars left over. However, your realtor is going to get paid a hefty commission, leaving you with much less money than you thought you’d have. But did you know that you can negotiate these fees with your realtor? In fact, before choosing one, you can shop around and ask each one to lower their fees. Typically, agents will receive about 5% of the selling price of your home. So if your home sells for $500k, they’ll walk away with a cool $25k. Isn’t that ridiculous? So if you must use a realtor, shop around and ask for a lower rate. Just having them lower their rate down to 3% would result in a commission of $15k, a difference of $10k saved, using our previous example.