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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a genuine question from a first-time home buyer.  We are considering buying a home, and DH is adamant that he doesn't want to use an agent because he begrudges the fee.  I have a feeling there are things we don't know about that a realtor would help us with, but I'm also uneasy at the dollar amount (we're looking in the $1.3 million range, so the commission seems like a lot of money to us when we think about it in dollars).  We're looking in a very specific neighborhood that we're pretty familiar with, and I've been eyeing the market in this neighborhood for a long time.  So I don't need help finding a place or determining what a reasonable offer price would be for any houses that we like.  Occasionally we look at houses that are "for sale by owner," so in those instances the seller wouldn't have an agent either.  (If that's right, and if we did have an agent, then would the agent get the entire 6% commission to herself, or would she just get 3%?)

What can an agent do for us that, say, a real estate lawyer could not?  I'm assuming a lawyer would be cheaper because she'd get paid by the hour, so reviewing/drafting whatever documents are needed and...I'm not sure what else.

Thanks for any input.  This is absolutely nothing against real estate agents.  I don't want to screw this up, but I also don't want to pay extra if we don't have to, just like I understand when new clients come to me and want to save money if possible.  I don't take it personally![/quote]

so your husband, with no prior experience on home buying, wants to spend $1.3M on a house and do it without any representation, letting the seller's agent pocket the entire 6% commission. that does not sound smart to me. but I am sure ther seller's agent will be thrilled.

never heard of FSBO at that price point, and I would be really very weary[/quote]

I would ask the seller's agent to discount the 6% off the price[/quote]
You could ask, but it's entirely up to them what to do with the request.

OP, the seller is contractually obligated to pay commission to the agent, all of it, 5 or 6%, or whatever it is.  The seller's agent shares the commission with the buyer agent, IF THERE IS ONE.  There is nothing - nothing at all - you or your husband can do to change the contractual relationship between the seller and the agent, to which you are not a party.   You can ask the seller's agent to rebate 3% to you, but there's nothing at all you can do to make the agent do that. If you are buying a desirable house in a desirable neighborhood, you can rest assured that there will be other buyers in line just like you, but with their buyer's agents.   Your DH doesn't understand the dynamics of the seller/agent relationship. [/quote]

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