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First time home buyer doing things a bit differently [OH]

Looking for feedback on this idea. I am a first time homebuyer in Ohio. I wasn’t planning on purchasing at this time, but my wife and I went to an open house and really felt that the property hit most of our primary needs/wants and price for sq ft was great for the area.

We do not have a buyers agent as we were not “actively” looking. As I understand it, sellers will pay ~6% to the sellers agent upon completion of the sale, of which the sellers agent will typically split with buyers agent at 3% for each. As we do not have a buyers agent the sellers agent will get to keep all 6%, if we don’t hire an agent.

Only being interested in this one property, my thought was to offer sellers agent to dual represent for this transaction only on the condition that they give us 1.5% of the commission towards closing costs. This way sellers agent keeps 4.5% and is incentivized to close this house with us.

I think this is a fair deal as the agent would be doing less “work” as a buyers agent (didn’t show us around, take us to open houses, etc.).

Couple important notes:

• Sellers agent is the agent we were planning on hiring as our buyers agent in the future (by far best agent in the area)

•I am an attorney with a commercial RE background so I feel I can avoid any major contract pitfalls.

would love to hear you alls thoughts on the matter!

submitted by /u/Crocboss3
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/c6lo47/first_time_home_buyer_doing_things_a_bit/
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