Raleigh is the capital of the state of North Carolina and is known as the "City of Oaks" for its many oak trees. Raleigh, Durham, and Chapel Hill make up the three historically primary cities of the Research Triangle metropolitan region. The regional nickname of "The Triangle" originated after the 1959 creation of the Research Triangle Park, located between the cities of Raleigh, Chapel Hill and Durham.
The competitive nature of the area is shown by its professional teams. The National Hockey League's Carolina Hurricanes franchise moved to Raleigh in 1997 winning the Stanley Cup in 2006 and the Durham Bulls, the AAA minor-league baseball team made internationally famous by the movie Bull Durham, play in the city of Durham.
The competition does not stop there.
Many of the area REALTORS® have joined our website HungryAgents.com® where they compete for the business of buyers and sellers in the area by bidding.
In competing for sellers, they will bid the total commission they will charge for selling your home and what part of the commission they will pay the buyer's agent. The average bid on our website in the area for sellers is currently 4.36% total commission rate.
In competing for buyers, they will bid the percentage of the buyer's agent commission they earn that they will give you at closing. The average bid for the percentage of the buyer's agent commission to be given to the buyer is 29.89% in the Raleigh-Durham area.
These bids are for Full Service only so you can compare them fairly. Currently, Member REALTORS® are making an average of 7 bids to buyers and sellers.
Area demographic facts from Wikipedia, the free encyclopedia.
The average bid on our website in the area for sellers is currently 4.36% total commission rate. The average bid for the percentage of the buyer's agent commission to be given to the buyer is 29.89% in the Raleigh-Durham area.
