Real estate agent is representing buyer and seller. Seller is the real estate agent.

[Danth Aman]

Hi everyone. Thanks for taking an interest in my post. I've been in the market for a property in my agent's neighborhood, which is how we came to find him. During the months of searching for the perfect property, his has decided to move out of state, closer to family. He offered us his property before putting it on the market. We went back and for and have agreed upon terms verbally. He's getting the paperwork together as I'm writing this to make it official. I'm interested to see what you more experienced professionals think of this deal as its structured as well as being in the predicament of having our agent represent the seller ( as himself) and us as the buyers. For context, I will be assuming his VA loan at 5.1% and he will be doing seller financing for the remaining equity and sale price. If I were to do a traditional VA loan, the loan would be close to 7%.

Below are what I understand to be the numbers so far:

Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)

Current estimates are Zillow= $1.26M/  Redfin=$1.323M

Our agreed purchase price is $1.25M

Seller financing would be $120k @ 8% for 3yrs.

No commission cost.

Small percentage of fees/ costs in the tune of 1.5% of loan amount.

Let me know what you think and if you need any additional info. Thanks for looking.