Additional bonus for buyer's agent to negotiate a below market deal

[Amit G.]

Hi all, 

I'm looking to buy an investment property in WA and wanted to get your thoughts regarding buyer agent's commission approach that I'm contemplating. Let's say the listed price for the property is $1.3MM, we think the fair market value is $1.2MM. We want to incentivize our agent to negotiate really hard at $1.1MM. Does it make sense to offer an additional bonus (let's say 5K) if they are able to negotiate for $1.1MM on top of the usual 2.5% - 3%? Would love to hear from some agents on this forum as well. 

Thanks