Updated about 12 years ago on . Most recent reply
Investor wants me to List 5 Turn Key Properties......
Hi there. I have a situation and not sure how to proceed. It seems that an Investor that I closed a previous deal with,has asked me, as a Real Estate Agent to List 5 Turn Key Homes but he's only willing to pay 3% Commission. I explained to him that he would need to pay 6% as I would have to share 3% with the Buyer's Agent. I do not want to miss this opportunity and so I was wondering, how to proceed. All suggestions and/or comments welcomed.
P.s. I also have an Investment LLC., if that helps in any way. I need to get back to him soon and let him know which 5 of his 20 Homes I will List.
Thanks again!!!
Most Popular Reply
While I think that you will still need to offer 3% to the buyer's agent, your 3% is certainly negotiable. You don't want buyer's agents to steer their clients elsewhere, which could happen if you did not offer the customary 3% to them. If I was in his position and you refused to budge from your 3% in return for 5 listings, I would take my business elsewhere.
Depending on the expected sale prices / work to sell the properties, I would think that you should be willing to take 1.5 to 2.5% commission on each. Offering to list them at 3% buyer's / 2% seller's commission seems a reasonable position to me.