Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

45
Posts
2
Votes
Tom B
  • Investor
  • Tampa, FL
2
Votes |
45
Posts

Buying an office condo

Tom B
  • Investor
  • Tampa, FL
Posted

Hi Group,

This will be my first time buying a commercial office building. It's a small office condo less than 1000 sq ft. The price is right for me. There will be a small bank loan.

My question is this. The seller is also the broker. The listing claims a 3% commission split. I had not anticipated bringing in a commercial realtor to represent me as a buyer since I found the property on my own.

What I'm wondering is this. Is it customary for a buyers such as myself in this position to negotiate the price based on the fact that I would be unrepresented and conceivably saving the seller from having to pay commission dollars?

Should I ask for the price to be reduced by 1.5% (or 1.25% to make it worth it for him).

Thanks for you input.

Loading replies...