Commission Savings: How to Keep More Money When Buying or Renting

If you’ve ever felt a sting from broker commissions, you’re not alone. Those fees can eat into a big part of your budget, whether you’re buying a home, renting an apartment, or investing in commercial space. The good news? There are proven tricks to slash those costs without breaking any rules. Below we walk through the most effective strategies you can start using today.

Negotiate the Commission upfront

Many sellers and renters assume the commission is set in stone, but it’s actually a negotiable figure. Ask the agent what percentage they charge and why. If you’re a motivated buyer or a landlord with multiple listings, you have leverage. Propose a lower rate or a flat fee instead of a percentage. Real agents often agree when they see a quick, hassle‑free transaction on the horizon.

Go Direct – Use Online Platforms

Websites that list properties for free or charge a small flat fee can save you a lot. Platforms like Shriram Tranquil Homes let you browse listings without a middleman. When you find a property that matches your needs, you can approach the owner directly, eliminating the broker’s cut altogether. This approach works especially well for rentals in big cities where owners list on multiple sites.

Another smart move is to use “no‑fee” rental services. In New York City, for example, many owners offer apartments without broker fees if you sign a longer lease or provide a higher security deposit. Look for tags like “no‑fee” or “owner pays commission” in the listing description.

When you do need an agent, consider a buyer’s agent who works on a fixed salary rather than a commission. Some agencies now charge a modest consulting fee that’s far lower than the traditional 2‑3 % of the sale price. This model gives you professional guidance while keeping costs down.

Don’t forget to check for referral programs. Some agents reward you with a discount if you refer a friend who also closes a deal. It’s a win–win: you both save, and the agent gains a new client.

For commercial investors, the savings can be even bigger. A 7.5 % cap rate, for instance, may look attractive, but a high broker commission can shrink your net return. Use the same negotiation tactics—ask for a reduced commission or a flat fee based on the property’s rental income. Calculating the true ROI after fees helps you see if the deal is worth it.

Finally, keep records of all communications. A written agreement on commission terms protects you from surprise charges later. If a broker tries to add hidden fees after the deal, you’ll have the paperwork to push back.

Saving on commissions isn’t about cutting corners; it’s about being informed and assertive. By negotiating rates, using direct‑listing platforms, and choosing fee‑friendly agents, you can keep thousands of rupees in your pocket. Start applying these tips on your next property hunt and watch the savings add up.