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Updated over 4 years ago on . Most recent reply

What is a reasonable fee a buyer agent for owner finance
So I sell properties from time to time with owner finance. Whereas I typically never get over 10% down and sometimes less what would be considered a fair fee to an agent that brings me a buyer that needs owner finance? I realize the standard for most buyers agents on a transaction is 3%. However a lot of their buyers do not get approved for a loan and a deal falls through on many occasions through a traditional sale. With these owner finance transactions it is pretty much a guaranteed closing. Has anyone else used agents for this sort of thing? I typically find my own buyers, however I’d like to spend more time on my other parts of the business instead of focusing on selling and meeting buyers.
Any insight?
Most Popular Reply

Up here it would be 2.5-3% of the purchase price typically, but that is obviously negotiable.
- Michael Noto