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Updated over 9 years ago on . Most recent reply
Agent comm on cash purchase
My biz partners and I found a house on the MLS and used an agent to make a cash offer, which was accepted and we paid 3% commission. I don't mean any disrespect to agents, but we can't help but feel like the 3% was overpaying for this. We're new and maybe that's just the deal we all have to accept. Any thoughts on this? Do investors often negotiate this cost down for purchases like this where the agent played a small part in the process?
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James Wise
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James Wise#5 All Forums Contributor
#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
A little out of the norm that you "the buyer" paid the agent the 3%.
How did that come about?