Quote:
Originally Posted by BrianL99
I've done 100's of residential deals & 100's of commercial transactions ... I've never seen it happen.
If 1% changes someone's motivation to buy or sell, they shouldn't be doing the deal.
JMOYMMV
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When I sold my house in Virginia, the buyers offered a lower price than in the listing price, and it included a provision that I had to pay an additional 3 percent of the sales price for the buyer's closing cost. I told my agent that the only way I would accept the offer was for her to split the 3 percent with me, and she agreed to do it.
Every listing contract I have seen specifies a sales price. If the agent brings in a lower offer, the listing agreement is not satisfied, and I see nothing wrong with negotiating a lower sales commission. Note that I provided zero input into the initial listing price. I told the agent that she is the experienced professional, and that she should know how to price the house. She asked me for input, but I refused.