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DIY Homebuyer Academy

57 members • Free

2 contributions to DIY Homebuyer Academy
How to "Sell" myself as unrepresented buyer
I saw a potential property today that has already been reduced from $439k to $429k. Hypothetically, let's say $429k is the accurate market value. 3% of that is about $12.8k. Thus, if I make an offer at $419k, and explain that they don't need to pay the buyers agent, would that be more attractive than the person who is offering $429k with a buyers agent? What is the proper way to word it, so that the seller understands that it is more advantageous to them? Should I always specify that in the offer letter? Also, is there a way of knowing how the commission is laid out in the contact between the seller and seller's agent? Is there a chance that the seller would get all 6% if the buyer is unrepresented? If that is the case, being unrepresented doesn't really have advantages does it?
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New comment 23d ago
2 likes • 27d
I represented myself when I bought my condo. I called the agent and told her I wanted to make an offer and since I didn't have an agent representing me, what was the best they could do? (This was after a 10% price reduction the week earlier.) After speaking to her client, the agent came back with asking price minus the typical buyers' agent fee for our area. I was happy with that and the sellers' agent took it from there. The market conditions and recent price drop were important context.
Introduce Yourself Here
This is the place to introduce yourself and connect with fellow DIY homebuyers. When posting, please: - Share your name, location, and what stage you're at in your home-buying journey - Mention your goals or what type of property you're looking for - Ask questions or offer support to others - Be respectful and welcoming to all members
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New comment 3d ago
1 like • Mar 17
Hi everyone! I'm Roz from Boston. I'm an urban planner and regional economist by training and a licensed real estate agent. Looking to work with anyone (buyers, sellers, agents) in developing an alternative business model along the lines of "coaching."
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Roz Greensein
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2points to level up
@roz-greensein-8208
Boston kid

Active 3d ago
Joined Mar 16, 2025
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