Looking for agents input for finders fees

[Courtney Murray]

I spoke to an agent today in reference to a house we are interested in, and explained to her what being an investor is about as she asked. She mentioned she has seen a couple of houses that are distressed, and knows that one sold, and one won't budge in lowering the price. Along with her commission fees, what are some thoughts here from other agents where as an added incentive to her, I'd pay her a finders fee upon closing for notifying me about the deal. I've been told a $200 finders fee is average... Where I am also curious hearing from agents here, your thoughts if you are offered that. Is that a fair deal, or is it offensive? Thanks

[Peter K.]

Offering to let an agent list the property for sale once renovated results in 2 commissions on one property.  That is usually a huge incentive for any agent. 

I always preface the offer to let them list it with "assuming there is enough profit in the deal".  Simply because sometimes there isn't enough profit to pay a full commission on both sides.  In those cases we will either negotiate a slightly reduced commission or co-list the property or...everything is negotiable.