Asking seller for credit instead of using buyers agent?

[John Anderson]

Hi all,

I am looking to do an owner occupy of a multi family unit, and I am thinking of asking the seller for 3% as seller credit instead of using a buyers agent. from my perspective, the seller wouldn’t really care, because I am not lowering the purchase price of the house. Instead, they are getting the purchase price they want, and paying at 6%. I don’t see why the sellers agent would care either, since they are getting their standard 3%.

from my perspective, the seller credit could be used to offset any closing costs I may have, and even cover some points to buy down my interest rate. Alternatively, I could use that money to make some basic renovations.

3% in cash upfront is pretty significant, so I’m wondering if this is a good idea. If anyone could comment, that would be great! Would love to hear if I am making a mistake!