Why would an agent reduce their commission?

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

Post Body

I’m interested in a property but have reached my maximum price and bailed. The agent then agreed with the sellers to reduce the agent commission as well as buyers price. It is now still slightly above my limit but close.

Question is why would they offer to do that? Is it even a thing? If they are that desperate should I just keep my price anyway?

Thanks!

Comments

FratNibble

Beware there may be something wrong with the property. Have you had an in-depth builder's report done? Not surface level.buidling and pest. But a structural report for example? Is the house on a flood map etc. The agent shouldn't be worried about the house selling for what they're asking unless there's a reason why it shouldn't.

Author

Account Strength

90%

Account Age

1 year

Verified Email

Yes

Verified Flair

Total Karma

10,301

Link Karma

512

Comment Karma

9,789

Profile updated: 2 days ago

Swimming_Leopard_148

Subreddit

r/AusPropertyChat

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.

Posted: 1 month ago
Reddit URL: View post on reddit.com
External URL: reddit.com/r/AusProperty...