Question: How Do You Negotiate With A Buyer’s Agent?

How do buyers agents negotiate commission?

Hire a buyer agent from a small firm on an hourly basis.

If their fee is contingent upon a successful closing, expect a higher hourly rate.

If not, $50 an hour should suffice for most.

Do not approach large brokerage firms as they are in the business of collecting double commissions and rarely will negotiate.

How do I avoid paying buyers agent?

Tips for Homebuying Without an Agent

  • Find out how much comparable homes sold for before making an offer.
  • Build contingencies into your offer.
  • Get a home inspection.
  • Hire a real estate lawyer.
  • Make sure you buy or the seller pays for a title insurance policy.

How do you counter offer a buyer?

Say a buyer submits an offer that you don’t want to accept, and you counter their offer. You’re then involved in a legally binding negotiation with that party and you can’t accept a better offer if it comes along. In the interest of selling your home quickly, consider putting an expiration date on your counteroffer.

How do I ask my realtor to lower my commission?

These are agents who might ask for a higher commission but quickly agree to lower fees if there is competition from another agent. If you like an agent who has quoted you a higher commission but interviewed a second who agreed to do the job for less, call the first agent and offer the second agent’s fee. Explain why.