Because there are so many homes to compete with yours in the neighborhood, having the most house for the least dollars is the most important first step.
Due to the large competing inventory, You need to realy grab buyers agents eyes and ears. A 1% price decrease is ok. but a 1% commssion increase (approxiamtely same cost to you) will get buyers agents attention in any market.
I have elaborated on this subject in earlier posts. Even if the buyers agent did not care at all about the higher personal income for herself, the notification of a premium commission rate screams out "MOTIVATED SELLER HERE' who really wants to and needs to sell.
When an agent is tasked with showing their buyer 3 to 5 properties on a buyer tour, and there are 30 properties that meet ALL of the buyers criteria, signals that the seller is motivated help the agent winnow which properties to show.
Finally when the buyer is choosing amongst the properties to offer on, the buyer should be the one to choose which one they will offer on, at that point, you still have to beat the competition on condition and price. At that point the commission bonus is no longer a factor in the decision to BUY. - But it got your home SHOWED>
I agree with the lower price vs. increase agent pay. In addition here in S.CAL. sellers are offering to "pay down" the interest rate of the buyer's loan. Thus helping the buyer every month for 30 years!
Buyer agents love to show property that a buyer will BUY! This is one of the incentives that work.
Natalee should be able to help you with your request.
I agree with the comments of a couple of others, though, that price consideration will do you more good than bonus.
Think about it if you are a buyer and are aware that your agentr is receiving a bonus ona sale. it might cause you to be concerned about whether the advice is truly objective. It's true that there are some areas in MLS that don't appear on some buyer printouts, but I personally believe a Buyer's Agent is ethically required to disclose any bonus situations to the buyer for the very reason stated above.
Good luck! The market you are in can be a tough one!
It will also attract a few more buyers, and likely be more attractive to a buyer's agent than a bonus. Legally and ethically, it should be so at any rate.
You will need to amend the listing to allow your agent to post your offer in the MLS.
I'm not a proponent of offering bonuses to Realtors.
If you are doing for sale by owner, put it on the online/print ads you do.