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Updated almost 9 years ago on . Most recent reply

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6
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Dominick Longbucco
  • Accountant
  • Chicago, IL
1
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6
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Realtor Fees

Dominick Longbucco
  • Accountant
  • Chicago, IL
Posted

Good Morning,

I am interested in buying 1 of 3 properties.  I don't currently have a realtor, and have a few questions.

1. Since I basically have done alot of the research on my own, how do you go about negotiating with realtors to reduce their fees?  I am trying to understand how this works.  I get that the seller basically pays the fee, and it may be split a certain way between the buyers and sellers agents, but if I have done most of the work, isn't there some room for negotiation?

Lets start there, I'm sure other questions will come up.  Thank you.

Dom Longbucco

Most Popular Reply

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17,430
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30,077
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,077
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17,430
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Originally posted by @Gino Barbaro:

@Dominick Longbucco

 Nothing makes me happier than when I am listing a property and I get an offer from someone unrepresented. I convince them they got the deal of the century, and I end up selling the property for much more than someone who would have used a good agent. I get my seller more money than they were expecting, and I make more money in the end since my commission is not split, even if it were reduced. Every time without fail that someone who has bought a property from me without an agent has overpaid for that property.

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