When my husband and I bought our last house, I was less than impressed with the work done by the buyer's agent. Essentially with every document, I needed to correct something myself before signing. I found the house myself and was not impressed by the inspection report. There were many things that did not come up on the inspection that I later found were issues with the home that we had to repair within a year of purchase.
We're in the market again to buy something bigger to make space for our growing family. I'm somewhat dreading the process of working with a buyer's agent when I don't truly feel that it is in their interest to ensure we get the best price or most reliable home inspection, due to the apparent conflict of interest with the commission structure. I am considering paying a real estate attorney to look over all documents associated with the sale before I purchase a new home, and forgoing the whole buyer agent thing.
If I do purchase a home without an agent, should I use that to negotiate a lower price on the home, as the seller would not have to pay buyer agent commission? Generally, in my area, the going commission rate is 6%. Lets say we work it out so the Seller's agent gets 4%, I pay out of pocket for a real estate attorney, and we knock off the remaining 2% off the purchase price. It seems to me that this would give a better deal to everyone involved in the transaction. Is this a common practice? Am I missing something?
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source https://www.reddit.com/r/RealEstate/comments/r47hxg/buying_without_buyers_agent_negotiate_lower_price/
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