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Updated over 1 year ago on . Most recent reply

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Peyton LaBarbera
  • Investor
  • Connecticut
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140
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Should I let the sellers agent represent me?

Peyton LaBarbera
  • Investor
  • Connecticut
Posted

Just like to make this clear that I am not in the process of buying right now but just learning as much as I can before I do buy my first rental property

I was wondering if it makes any sense to let the sellers agent represent me and if this can get me to lower the cost on the home even if it's only 10 or 20k. I thought it would make sense since they would be doubling their commission but let me hear your thoughts.

Last question is if this does make sense to do who pays for the second half of the agents commission would this just be added to my closing costs or would it come out of the sellers?

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied
Quote from @Theresa Harris:
Quote from @Bruce Woodruff:
Quote from @Peyton LaBarbera:

Ok thank you to all who replied, and just to clarify even if I have my own agent represent me the seller still pays for those fees?


Yes, the seller pays the fees for both agents. You should use a buyer's agent UNLESS you are fairly experienced in REI...


 And even then you don't have anything to lose by having a buyer's agent (unless it is a private sale).

Well sometimes a person (like you) could walk in there and ask for a 2.5% price reduction if you don't bring a buyer's agent. They might say no....but it never hurts to ask....


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