All Forum Posts by: Steven DAmbra

@Steven DAmbra If I understand correctly you are looking to purchase a property?  in other words you are the buyer?  Then in that case I'll just echo what has been said on here...that the cost of the agents for both buyers and sellers is taken out of the profits from the listing side.  So while there is no "direct cost" to you, I do think I understand where you are going that if only half the commission was involved theoretically your purchase price as the buyer could be lower, and the seller would walk away with the same amount of profit, and you pay less in the purchase price....again if I'm following your thought process correctly?  

So....in that case, again as I understand it, the only way to remove the agent costs would be to do an off market deal.  So perhaps get on a wholesaler buyer's list in the area you are looking for?  Or try to reach out to some flippers in that area, in my experience with flippers they are always looking for ways to increase their margins so its possible you could go to them and say you'd like to just deal with them directly...its quite likely they already have a relationship with an agent, but if you are coming to them without an agent I'm sure they'd be happy to cut the selling price to compensate...and it might give you a leg up on other buyers for the same property. 

However, as a couple others have mentioned on here, doing this out of state, where you don't have anyone "on the ground" does get a bit trickier, while not impossible, will just require much more work and due diligence on your end...so it just becomes a question of how much is your personal time worth.  

But good luck with however you decide to do it!  Hope you land a fantastic property!  

Not ethical, you will not cut your closing costs in half - the listing side just takes your buyer's commission and you have no representation. Hope your agent(s) find this thread.