Posted by
dimac4
19 yrs ago
Does anyone know or have they succeeded in negotiating the percentage you pay for real estate agents 'finding' fees?
They put in the 1% as if it is set - but is it? Is it negotiable?
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I am buying, so I would like to save some money if I could - just thought I would ask to see if it is negotiable. Seems alot of money for not much work. In other countries the vendor pays the commission - which seems fair as they are getting the money out of the deal - the buyer is handing over loads of maney as it is.
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AYM
19 yrs ago
To dimac4---
Yes, I've done it. I did a simple negotiation by just asking. As a buyer I paid 0.5% commission and one good reason is that I had a very specific targeted building in mind and the agent only needed to show me 3 flats. I must say that was a really easy job.
So I would say it's possible to negotiate but it also depends on factors like how much effort the agent had put in, how desperate the agent wants to close this sale, etc. I would not want to save on commission but yet end up paying more in the actual sale price of the property.
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Managed to negotiate 20% off the commission - saved a little bit of money.
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AYM
19 yrs ago
Well done. Spend the savings on home decor ^_^
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Hmm- I think solicitor fees might suck it up before that. Pretty lucky in that the house doesn't need immediate 'decoration' - can live with what is there until we can build up some cash again!
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