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Reply to "Do you think it's possible to negotiate this commission arrangment with our agent??"
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[quote=Anonymous]Feels aggressive to me. For starters, the 3% on the purchase isnt something you can really dictate as you don't control it - nor do you pay it (what if the house you are buying only offers him 2% as a buyers agent? You going to give him the extra 1% out of your own pocket?), and as his company will take a cut. And 1% seems really low on the sales side - listing on MRS, showing the house, making a virtual tour, etc all costs money. And again, his company will take a cut. If anything you might agree on a structured or tiered pricing. If it sells within 30 days, he gets 5%, if within 60, 4%, if > than that, he gets 3%. But...Keep in mind too that if you screw him on the sale side, he might not be able to offer a buyers agent (on your home) a reasonable deal. Last thing you want is potential agents taking buyers elsewhere because your house has no payoff for them. And trust me, realtors will know. Personally, if i was your realtor, id tell you to go pound sand. You are basically asking him to charge you nothing and just sell your house for free because he gets to be your realtor on the buy side. People do what they are incented to do.... in this case, youd be incenting him to not give a shit about your house selling.[/quote]
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