A buyer does not save money because they are unrepresented. They save because they are a good negotiator and understand the market well. Not a very likely scenario due to asymmetric information as buyers do not have access to the same databases realtors can access for comparables and historic listing info. A seller would not care whether the buyer is represented or unrepresented as they still pay the same commission. The only one who wins is the listing agent who ends up collecting the full commission without having to split it with a buyer agent.wJUvA7ZjUFZ20WkwWGhxy wrote: ↑ No, in the example above seller already signed a Listing Agreement with commission at 5% and 2.5% so no cash back applies in this example. My question is about how a buyer can save money when buying a house without an agent and why a seller would pick their offer.
Edmonton area Realtor