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Already know what to buy. Is it possible to ask the buyer's agent to lower commission?

We already know which house we want to buy so we don't need the agent to show other houses.  The asking price is close to 400K.  We're looking for a buyer's agent who can help us get the best price.  Please email me your contact information if interested.  Thanks.
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December 21 2011
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Answers (11)

You can always ask for a lowering of commission.  The agent may agree to it.  Just realize that if you are using a Buyer's Agent his value is not in finding your home.  Honestly with the internet you can do all the research on the home yourself.  Where a Buyer's Agent's value comes in is their negotiation skills and their ability to read the other side.  If you have a good agent representing you, then you are going to save much more money on that home than part of their commission.  I would say interview agent's and find one that wont reduce their commission  Those are the agents that are going to save you the money on the back end and are not just emailing you listings they found on Zillow.
-Good Luck

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February 27 2012
You can always ask with a good explanation and conviction. You may get surprised and get a yes answer.
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January 02 2012
Look for agents that can  make legally allowed deals. Usually the large franchises do not give their agents this kind of flexibility.

Keep in mind that there are certain strict legal rules that all agents have to follow.These rules might not be the same  in the different states in the USA.

You live in a free land and can ask anything, if you get it, is another issue .

Good luck!



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December 26 2011
If you are in [contact information deleted by Zillow moderator. Please review our Good Neighbor Policy for posting guidelines]

Best of luck!
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December 22 2011
If you're concerned about paying a buyer's agent, in most cases in Arizona, the buyer does not pay their agent. The seller has already determined what each agent will get paid. The listing agreement they sign addresses those commissions. So, essentially, the seller is in contract to pay all agents before you as the buyer see the house on the market.

A buyer's agent isn't paid to just show you homes. The real work is looking out for you throughout the transaction from writing it to closing it. I recommend looking for a realtor that specializes working with buyers in the are the home is located.

Some agents have access to credentials of which they can refer you to another agent in the area you need. Again, there is no cost to you.
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December 21 2011
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Please be sure to check out the Information on the Dept of Justice Web Site

Arizona: Allows Brokers to offer Rebates to Consumers

"The Department of Justice is committed to preserving competition in the real estate industry through its competition advocacy efforts. Given that Arizona allows real estate brokers to provide rebates to consumers and to customize their real estate service offerings to meet their customers' needs, the Department of Justice has not advocated that Arizona change any of its real estate laws or regulations. "
What are the laws in your state?

Competing models of real estate brokerage

Good Luck

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December 21 2011
Hi Ivy,

Please contact me and I may be able to help you.

Wade Kawahara
[phone number deleted by Zillow  moderator.  Please review our Good Neighbor Policy for posting guidelines]
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December 21 2011
Sometimes it is a bit difficult to understand that real estate agents are professionals who work on a commission basis.  The buyer agent's commission is established by the seller and it is a transaction between the seller and his agency.  Most MLSs have an item that discloses whether the commission is adjustable, you need to check that with your buyer agent.I   Also a reminder, that the fact that you are not going to be looking at other properties is neither here nor there, since that is but only one of the many duties of the buyer agent, her work really, has not even started.  I suggest that you focus on getting the best possible price for the property instead of chipping at the agent's commission, you need a motivated and challenged buyer agent, do not take his incentive away.
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December 21 2011
Hi Ivy,

I know a couple of agents that will help you here.  In what state is the property located?

Please feel free to contact me directly.

All the best, 
Ros 
Roswell Moore, CMPS 
Certified Mortgage Planner 
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December 21 2011
The Buyer's Agent can't lower the commission rate the Seller is paying. They may be able to share their part with you, in a number of ways.

Ask them. It shouldn't offend them for you to ask, and who cares if it does.
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December 21 2011
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Some states may not allow this. If yours does you can ask for this. Some agents will agree and some will not. Make sure you get it in writing if they say yes.
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December 21 2011
 
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