Susan, Home Seller in Staten Island, NY

Are there any situations where it is smart to offer a buyer's agent an additional commission above the listed co-broker split?

Asked by Susan, Staten Island, NY Mon Oct 7, 2013

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6
Yes, when the home is overpriced! But no worries it wont appraise.....So the extra commission wont really have to be paid. Just feeling Cheeky :D,
1 vote Thank Flag Link Thu Oct 17, 2013
Commission are always negotiable; if you are the seller worry more about pricing the property on target and not so much about additional commission above the list co-broker split....
1 vote Thank Flag Link Tue Oct 8, 2013
Susan, commission is always negotiable. When selling "problem" properties, a higher commission can be offered to the buyer's agent. You will generate more traffic if you list the property at 0.5-1% above average commission to start with, rather than offer a compensation "above the split", or bonus. Most of the time buyer's agents do look at the commission and if they see your property listed with the higher split, you know they will bring their client to you! Don't forget, however, that higher commission/bonus won't compensate for high price. You also have to price the property right in order to sell. It's not the buyer's agent that makes the decision at the end of the day - it's the buyer! Good luck with the sale and let me know if your have any questions or nerd help!

Sincerely,
Yulia
0 votes Thank Flag Link Mon Oct 7, 2013
I can't think of any, Susan.
0 votes Thank Flag Link Mon Oct 7, 2013
Your agent can add an incentive i.e. $1000 bonus if in contract by a certain date.
0 votes Thank Flag Link Mon Oct 7, 2013
If your agent is smart, any offers will be made conditioned upon a suitable split.

No matter how you shake it, it is always the buyer who pays everyone's commissions; it is built into the sales price.
0 votes Thank Flag Link Mon Oct 7, 2013
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