Seller doesnt want to pay realtor commission

[Mohammad Murad]

Hi, I found a fourplex selling directly by the seller. I contacted through my agent and offered a price. The seller agrees to the price and now doesn't want to pay for the realtor commission. Please let me know what I can do in this situation.

[Bill B.]

It’s “always” been the buyer that pays their own realtor. It’s just been hidden from buyers. Why would the seller pay for your realtor to negotiate against himself? Are you going to pay for the seller’s realtor, or in this case his other selling costs?

Look at the paperwork you signed, that’s what you will have to pay if you buy thsi property. It’s probably more than $5k your realtor has offered to take. 

Imagine any other property that’s ever been sold in the US with a realtor. If you told a seller, on an accepted deal. “If you lower the price $5k you don’t have to pay the $12k in buyer’s commissions…”. That’s how the buyers have been paying for their own realtor and then paying bank interest on the commission, while the bank financed an inflated price. 

You just got a first hand look at what you’re paying for your realtor. 

You can take the deal and pay your realtor $5k. You can walk away. You can tell the seller you need them to pay some amount of commission up to the discounted amount of $5k.  (Have you told them this? They may expect you’re asking for 2-3% ($7500-$11,250) or you can tell them you remain interested @ $370k + $5k in commission, and they should contact you if they don’t find another buyer.