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How should I negotiate compensating my agent for his commission upon his request?

I’m happy that my agent was able to help me get a really good deal on this house I absolutely love. I was able to get the home way under asking price for this home. I buying this for my second flip. However, my agent told me had to give his 1% of commission to the seller to help them with their closing costs and make this deal happen. Agent asked me if I can compensate him. Of course, I’m more than happy to. But how much should I, is the question?

I know that this won’t be my last time doing business with my agent. I’m in a dilemma if I should negotiate compensation with him, even though a lot of people tell me I should negotiate.

The house is $800k. And I’m just starting off in the business, $8k is a lot for me too. But initially, if the seller had accepted my offer at $800k, they were going to make me pay for their closing costs of about $40k. Which meant purchase price would be at $840k.

So I was thinking maybe $8k isn’t that bad. But maybe I can negotiate. What are your guys thoughts?

submitted by /u/steviesesh
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source https://www.reddit.com/r/RealEstate/comments/t1vhtw/how_should_i_negotiate_compensating_my_agent_for/
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