I understand your need to save money and I do not think it will be hard to accomplish when you are offering two transactions to an agent valued at $500,000. I would sell first and then buy. Agents get very defensive about our paychecks because that is what you are negotiating... our paychecks. Would you get defensive if your paycheck was being negotiated? Probably! With that being said, you have every right as a consumer to negotiate fees you pay for any service. I am sure that probably every person that has responded to your question has negotiated on a car which is negotiating the sales persons paycheck. We all like to feel we are getting the best deal. I do disagree with those that reference an agent reducing their commission as a bad agent... not always the case. There are some top agents... agents closing 300 plus homes a year that offer certain benefits to their clients for multiple transactions etc.
A bad agent is a bad agent because of service or lack their of and not because of the commission they charge. A great agent is a great agent because of the wonderful service and representaion they provide not because of the commission that they charge.
With that being said... if an agent offers less to a buyers agent to show your home because they have chosen to take a lower commission than they are doing you a disservice. They are potentially hurting your opportunity to get your home sold.
"Do unto others as you would have them do to you"
There is an article about it below:
We have learned this year that people expect a house in PREMIUM condition and they are willing to pay top dollar for it. That's not to say they will pay more than market value, but they will pay for a house in mint condition rather than dicker with the seller on a "fixer upper"
So, concentrate more on getting top dollar for your house and who will help you acheive that goal, instead of bargain hunting because you do get what you pay for. Buy a necklace at Tiffany & Co. and a necklace at TJ Maxx. Both will look similar on the surface, but, in the long run, the one from Tiffany & Co. is the better investment everytime!
So using this logic, be careful when someone offers to take less commission on your life investment...for at the end of the day, you want the property sold at the best price in the shortest space of time, with the least amount of hassles on your end. If you want someone to work for less, expect less....if you want someone to work for a standard commission, expect a marketing plan and action to work that plan to your satisfaction. Do not sell yourself nor your home short.
You may consider, if you are looking for some savings, asking the seller on your purchase to pay some of your closing cost.