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[quote=Anonymous][quote=Anonymous]Thanks, PPs, especially 7:34 and 7:36 for your specifics.  I should have said that I know the seller pays the commission but we assumed that the amount is factored into the sale price, so it effectively gets passed on to the buyer?

Looking forward to hearing more about what agents do for buyers.  [/quote]

yes, the price is obviously factored into the sale price, but at the end the sale price depends on the market, the seller cannot inflate the sale price to gets the net money he/she wants after the expenses, or nobody will buy the house.

the seller normally has an exclusive agreement with the seller's agent under which the seller will give 6% (or 5% or whatever they agree on) to the seller's agent, percentage that will be split with the buyer's agent if the buyer has an agent. so if you show up without an agent, the seller is not going to lower the sale price, since the seller normally is still obligated to pay the entire commission to the seller's agent.

thus, especially for an inexperienced buyer, going without an agent does not make any sense, you do not save anything, the seller's agent gets the entire commission and you still pay the same price you would pay if you had an agent. the market for SFH in good areas of DC, MD and VA has been very tight in the past year or so, with homes selling the day they go on the maket and with multiple offers. in a situation like that, without an agent you do not go very far. if you need to wait for the open house to be able to see a house (without an agent, how do you get in?), sometimes it is going to be too late.

going without an agent can make sense in some cases, like if you are a very experienced home buyers, you know the market, and find a seller who wants to sell without an agent, then you can both save if you agree to split the amount of the commission. but in your situation, and especially at your price point, it really does not make sense. [/quote]

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