Special offer
Peter Mohylsky, Beach Expert, Call me at 850-517-7098 (PMI. Destin)

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Rainmaker
1,544,068
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I use my commissions for either an increase to my offer when competing  (not waived but credited towards my offer price) or to reduce my closing costs when I don't need it on the front end - done both over the years. Better to reduce costs than pay income taxes in most cases being my theory. If you're newer, you may want the income, despite the taxes. Each situation and person will have different needs.

Dec 20, 2021 07:46 AM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

My commission is never negotiable, even on my own properties.

Dec 20, 2021 07:56 AM
Rainmaker
1,052,321
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

All of the above!

I have (at advice of my CPA) taken the fee

I have waived the fee to get a better deal for me

I have negotiated it to make the deal happen

Another good Q today, I guess we're all juiced up with inspiration on the Monday before Christmas!

Dec 20, 2021 07:44 AM
Ambassador
3,345,257
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I have done both. Always negotiate depending on the situation.

Dec 20, 2021 09:02 AM
Rainmaker
1,311,772
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have only sold one personal property…to the renter who was living there…and there was no commission. Since all the net proceeds were coming to me, why would I include a commission? Since there was no

commission involved, the sale price was more attractive to the renter.

That property did not go on the mls.

Dec 20, 2021 07:59 AM
Rainmaker
1,556,848
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I sold my second home in AZ a couple of years ago.  I did not take commission, and get taxed as income.  Always better to get taxed at cap gains rate in my opinion.

Dec 20, 2021 11:21 AM
Ambassador
3,587,960
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Depends on the situation and what our CPA suggests and/or what needs to happen to make it all happen as we'd like to see.

Dec 20, 2021 09:51 AM
Rainmaker
1,503,048
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

What Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets said.  I put my commission to work for me. :)

Dec 20, 2021 08:56 AM
Rainmaker
7,836,623
Roy Kelley
Retired - Gaithersburg, MD

What I have done has depended upon the circumstances. 

Many of my investment purchases in recent years have been at trustee sale auctions where there is no commission.

Dec 20, 2021 08:33 AM
Rainmaker
2,781,313
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I have done both and all of what you said and I decide this before going in

Dec 20, 2021 08:07 AM
Rainmaker
901,902
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

It all depends. If I take it, I try to put it towards closing costs. 

Dec 20, 2021 10:47 AM
Rainmaker
764,033
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I've bought a few homes and as the buyer and Realtor included in the offer that the price offered also included No Commission to the Selling Side.  It seemed to work well but my goal was to have a lower purchase price for tax purposes.  I am not sure if the lower price helped me financially.  Can anyone tell me if it was wise or a mistake?

Dec 20, 2021 09:37 AM
Rainmaker
5,217,433
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I have used it as a price reduction several times as a matter of course.

Dec 21, 2021 04:06 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

What Candice said. There are always various reasons.

Dec 20, 2021 12:00 PM