REDUCING RISK - USE A BUYER'S AGENT (PT 8)

BUYING FROM A SELLER'S AGENT OR "DUAL AGENT" (PT 2)
(BILL GASSETT)
 

EXPECTING A DEAL ON COMMISSION
The commission on a home sale is split between the seller’s agent and your agent. Many buyers who avoid hiring an agent are hoping that the seller’s agent will discount the commission because there is no buyer’s agent to pay.

How likely is it that the seller’s agent will discount the commission, though? Let’s just say that it would be unwise to assume that the seller’s agent is going to make many adjustments for you as a buyer without an agent.

There are some agents who are adamant about not discounting the commission. Even if they did, does it make sense to save a few thousand in commission only to overpay for the home by ten thousand instead? You do the math – it doesn’t work!