Ely Realty Services

Real Estate Brokerage · Ely, Minnesota

9:24 AM in Ely Directions

Here is what working with Ely Realty in Ely typically covers, from the first consultation to closing day. Services and terms vary, so confirm the details in your written agreement.

Buyer services

Buyer consultation and agreement

Budget, timing, must-haves and the written buyer agreement required before touring.

Showings in Ely

Scheduling private tours, previewing listings and flagging issues worth a closer look.

Offer strategy and negotiation

Comparable sales, offer terms, contingencies and inspection negotiations.

Closing coordination

Working with your lender, inspector and title company through closing.

Seller services

Pricing analysis (CMA)

A comparative market analysis based on recent sales near your Ely home.

Getting the home market-ready

Staging suggestions, small fixes and scheduling professional photos.

Marketing the listing

MLS exposure, online listing portals, signage and open houses where they make sense.

Showings, offers and closing

Scheduling showings, reviewing offers and managing the contract to closing.

How a typical transaction works

ConsultA first conversation about goals, budget and timing — and a written agreement that spells out services and compensation.
PrepareBuyers get pre-approved; sellers review a pricing analysis and prepare the home for photos.
Market & tourListings go live on the MLS; buyers tour homes and compare recent sales.
NegotiateOffers, counteroffers, inspection requests and appraisal issues are worked through.
CloseFinal walk-through and signing with the title or escrow company under Minnesota rules.

Typical costs on an Ely home

Illustrative figures for a home at the local typical value of $285,200. Real numbers depend on your agreement, lender and title company.

Item	Rate	On $285K
Listing-side commission (negotiable)	2.5–3%	$7,130–$8,556
Buyer-side compensation (negotiable)	2–3%	$5,704–$8,556
Buyer closing costs (lender, title, escrow)	2–5%	$5,704–$14,260
Home inspection	flat	$350–$600

Every percentage above is negotiable and is set in the written agreement. Typical value from the Zillow Home Value Index (August 2026).

Areas around Ely

Britt, MN36 mi

Questions about these services

How are real estate agents paid in Minnesota?

Compensation is negotiable and set out in writing. Sellers sign a listing agreement; since August 2024 buyers sign a written buyer agreement before touring homes with an agent, stating what the agent will be paid and by whom.

Does Ely Realty work with both buyers and sellers?

Most agents and brokerages represent both, but not in the same transaction without written consent. Ask how Ely Realty handles dual agency or designated agency under Minnesota law.

What should I prepare before the first meeting?

Buyers: a mortgage pre-approval, a target budget and a list of must-haves. Sellers: your mortgage payoff estimate, a list of upgrades with dates, and any HOA or survey documents.