Fairfax, VA forms part of the Washington Metropolitan Area. The Bureau of Economic Analysis combines Fairfax and the city of Falls Church with Fairfax County for statistical purposes.
Beginning in June 2005, Old Town Fairfax has undergone an extensive redevelopment. The redevelopment added a new Fairfax City Regional Library, over 45,000 square feet of retail and restaurant space, over 70,000 square feet of office condominiums, and 85 upscale residential condominium units.
Competition abounds in the Washington Metropolitan Area as the Nation's Capital creates activity without end. In a spirit of competitive activity, many of the Member Agents have joined a website called HungryAgents.com® where they compete for the business of area buyers and sellers.
Member Agents compete for sellers by bidding what total commission they will charge for selling your home plus what part of that they will pay the buyer's agent. They compete for buyers by bidding the amount of the buyer's agent commission they earn that they will give you at the closing.
On HungryAgents.com®, the average commission rate bid for sellers in the Washington Metropolitan Area is 4.42%. The average bid for buyers is 36.22% of the buyer's agent commission earned to be given the buyer at closing. All bids are for full service so you can make a real comparison and these percentages are not the lowest bids but the averages! Our Member Agents are currently making an average of 15 bids to sellers and buyers in this area.
Area demographic facts from Wikipedia, the free encyclopedia.
On HungryAgents.com, the average commission rate bid for sellers in the Area is 4.42%. The average bid for buyers is 36.22% of the buyer's agent commission earned to be given the buyer at closing.