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Discovered my realtor's commission was actually negotiable after I already signed
I was looking through some old closing docs from my house purchase last year and noticed the seller paid my realtor 6%. I mentioned it to a coworker and she said she got her buyer's agent down to 4% just by asking. Nobody told me you could do that before signing the buyer agency agreement. Has anyone else had luck negotiating commission rates?
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kimr9121d ago
Wait, didn't anyone tell you it's fair game to negotiate that stuff before signing? I used to think the standard rate was just what you paid, but after hearing stories like yours and my buddy getting his cut to 3.5%, I realized it's totally up for discussion. It's a solid lesson learned for next time for sure.
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pat_harris21d ago
I think you're making too much of this whole commission thing. That 6% your coworker 'saved' on? She probably got a buyer's agent who did less work or cut corners. I paid full rate and my agent found me a house in a weekend, handled all the paperwork, and saved me from a bad inspection. You get what you pay for. Besides, that 2% difference on a $300k house is $6k. After taxes and whatnot, it's not that big a deal in the long run if you're happy with the house.
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