Originally posted by @Jon Fletcher:
Originally posted by @Waylon Zook:
@Jon Fletcher each to his own but i would rather have the discounted salesprice.
That only makes sense if the Seller then pays the Seller's agent only half the commission, rather than the full commission. Maybe I'm not understanding your situation. A discounted sales price and having the Seller's Agent split their commission with you are not mutually exclusive.
If you could choose a $65,000 purchase price with $1,500 commission or a $61,000 purchase price and no commission which would you choose?
In my situation I wrote a cash offer with no inspections and a two week close.
This year I sold a spec home where just before closing I had the title company do the closing statement where the commission on the list side was reduced to the amount the brokerage would keep. I then did not receive my split from my broker and instead I netted a higher amount on the sale. That is then taxed as capitol gains instead of earned income.
In my mind the only reason it would make sense to take a commission if you wanted to finance the property so you would get some cash back so to speak. For me I would under normal circumstances rather take the lower mortgage.
