If a seller finds their own buyer for their listing, does the seller’s agent take a commission reduction? Here’s what you need to know.
If you find your own buyer for the home you’re selling, will your real estate agent take less of a commission when they assist with your transaction?
When people find their own buyers for their listings, the buyers are often friends, family members, or co-workers. But is it a good idea for you to sell your home to someone you know or will see on a daily basis?
In my view, it might not be the best choice for you. Assuming the relationship you have with them is important, there are few things that can make such a relationship awkward or sour like the negotiation process of one of the biggest transactions of each of your lives. As far as the agent’s participation goes, your agent can serve as a third party to insulate the negotiations, but they are there to represent you more than the buyer.
As an answer to the original question, some agents will agree to a commission reduction, depending on the circumstances. This is one of many conversations you should be having with your agent, but you should do so early in the process so that you can both be on the same page about your expectations.
If you have any questions about selling your home, reach out to us. Additionally, our website can provide you with a free home value estimation so that you can get a rough idea of what your home could sell for in our market. We hope to hear from you soon.