Would This New 0 Money Down Strategy Work?

[Hart Pearson]

Here's the hypothetical... Could an investor whose licensed as an agent use increased commission to offset their downpayment?? Say for example...

Purchase of $100k using conventional mortgage, Seller pays closing costs, seller pays 6% commission plus $15k selling agent bonus.

Would this work? If not where would it get derailed?

[Aaron K.]

Probably not, the lender most likely wouldn't lend until you have the down payment, and you couldn't get the down payment until you had lender approval.  Also what seller is going to pay 6% + all closing costs + $15k selling agent bonus all to the buyer's agent on a $100k property.  You'd be lucky to get 3% + all closing costs.