What are you paying buyers agents?

[Anonymous]

If the market is slow and not moving, homes I wanted to get rid of I have paid an extra 1% to a buyer's agent. It gives an incentive to help sell the property.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.

Good luck with that

Right?

Because good luck with negotiating competitive pricing in the industry of price collusion, kickback-ery and fraud.

Good luck indeed.

I am just giving you real talk. I understand your indignation but you have weirdly confused yourself into thinking you have leverage you don’t. It will cost you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.

Good luck with that

Right?

Because good luck with negotiating competitive pricing in the industry of price collusion, kickback-ery and fraud.

Good luck indeed.

I am just giving you real talk. I understand your indignation but you have weirdly confused yourself into thinking you have leverage you don’t. It will cost you.

DP. It gives buyers and sellers more leverage to *not* pay for a buyer's agent because then the seller has more room to accept a lower offer from the buyer and still meet the seller's bottom line. The leverage is there, but it's just not in the realtor's favor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We just got an offer with no buyers agent and our selling agent reduced commission to 2.5%

I wouldn't pay a sellers agent a dime over 2.

2 percent is plenty for a sellers agent. I wouldn’t bother with a buyer’s agent at all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

It isn’t your problem. Their client will owe the other 1 percent.

I mean, the client might withdraw the offer because of that. But it’s not your problem otherwise.

The question is about about whether 1.5% is reasonable for a buyer to ask their agent to agree to when the agent is asking the buyer to sign an agreement that the buyer's agent will get 2.5%.

The answer is to find a different realtor. 2.5% is ridiculously high these days. 1-2% is the norm for people even using buyer agents.

How could you ever trust an agent that asked you to pay 2.5%?

Are you sure? Redfin is asking buyers to agree to 2.5%, and I feel like they usually charge on the lower side of average, not the higher side.

[Anonymous]

Nothing now.

[Anonymous]

Curious to hear from buyers agents, are you staying in the business or pivoting careers?
Genuinely wondering.