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re: Using a Relator to buy a house?
Posted on 2/20/18 at 8:51 am to Lsut81
Posted on 2/20/18 at 8:51 am to Lsut81
quote:
know that, but do seller’s realtors ever say “I’ll knock my commission down from 6% to 4% to close the deal and you accept the lower offer” since they won’t have to pay half to the buyers agent. I know it’s a case by case basis, but curious if I should hold off on a realtor if there a chance of a better price without one?
You will need to specifically ask them to do that. No way they just volunteer to do it. It is most likely to happen if you are already under contract and ask for repairs or something, maybe they will knock it off the commission
Agents think they are worth a whole lot more than they are. They will gladly take $10k rather than $5k for filling out a state mandated purchase agreement.
I am under contract on an investment right now with a dual agent and plan on doing just that. She advised not to go lower than we did and I know it’s because she is thinking about her commission. The house needs repairs so the end price will need to be fair.
Like I said it’s impossible to represent both parties interests equally, especially given that their own interests are at play.
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