I am currently in the housing market for the first time and have been working with a real estate agent. They have been very helpful providing market knowledge setting up viewing and tours. However, almost all of the listings they have shown me are also on websites like redfin where i could set up tours myself. I also have a family member who has been a mortgage lender / broker for many years tell me that instead of using a real estate agent, that we should find it on our own on redfin and that they could put in the offer for us and give us the commission the buying agent would normally make. I believe they have done this in the past for other family members.
My concern is that my family member lives in a smaller town suburb in a different part of the state and are not familiar with the hyper competitive SF housing market. However, this family member has 25 years of experience in mortgage lending and RE brokerage. If I could truly save 30k or so by going with the family member like they tell me i could, i think it would make sense to sever the relationship with the RE agent if we do not go with any of the properties they have already shown us.
Is this a common thing to do? I obviously would want to save 30k if I could but I also don't want to do something that would make me less competitive in the SF market if things are done a very specific way here. The RE agent has been great as well so I don't want to do them dirty but 30k is 30k.
Any insight would be appreciated.
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source https://www.reddit.com/r/RealEstate/comments/evz6v0/having_a_realtor_broker_family_member_put_in/
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