What benefits does a buyer obtain from not using a Buyers Agent (Realtor)?
The seller doesn’t have to inflate the price in order to cover the cost associated (usually 3%) with having to pay for your Buyers Agent. Therefore more than likely passing some or all the savings off to you the buyer. If you were to purchase a $250,000 home using a Buyers Agent with a 30 year mortgage at 8.75%. It would have cost you $21,240 to hire that Buyers Agent over the life of the loan. Double this amount if two Realtors were involved in the transaction.
