Reply to Sellers, pls stop offering pay buyer's agent commission!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Unrepresented buyers are a nightmare. Most sellers would prefer to work with a buyers agent who will get the deal to the closing table. [/quote]Yes I posted above. I would take a lower offer from a represented buyer over an unrepped higher offer.[/quote]

Are you the seller or the seller’s agent? Because if an unrepped buyer means the seller nets an extra 3%, that seems worth it. [/quote]

I am a seller. I have bought and sold 7-8 homes in my life. I don't trust an unrepped buyer to close the deal to the end. Also a repped buyer doesn't mean they are paying 3% commission. It is all negotiable now. 
 [/quote]

This is silly.  As a seller and buyer most buyers (not first time buyers) can do it on their own.  I have a RE attorney and rather have him check everything, but the paperwork is really easy if you know what you are doing.  you would save money with an unrepped buyer.

Honestly the commissions are way too high.  I understand it was like that when you could buy a home for less but times have changed and homes are expensive but the work for a realtor hasn’t changed.

Some realtors also might hurt the purchase process too.  I negotiate for a living and when I bought my first home our realtor gave us awful advice and we ended up loosing the home by $5k!  Learned our lesson!

Maybe sellers want buyers to have realtors so they can sell a home with issues and they aren’t liable for disclosing, I don’t know, but I don’t see the upside unless you are a first time buyer that can’t figure it out in your own / pay a RE attorney. 
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