How does buyer and seller realtor commission work?
I read posts online, and some people are saying if I don't use a buyer realtor, I can potentially increase my offer (by 2.5% commission) because seller wont be paying that amount anymore. (And how do I go about this? do I go on houseSigma or similar website and contact seller agent myself for a viewing?) What kind of risk am I taking in if I dont use a buyer realtor?
But I also read online that seller has to pay the 5% commission regardless when they get a seller realtor, so if I use a buyer realtor then 2.5% will just go to the buyer realtor.
My ultimate question is do I use a buyer realtor??
1. Found a realtor that offer 20% of their commission.
2. I am a new buyer that doesn't know much, only did some research online and asked some friends of their experience
Any other tips or advice on buying a house for a beginner like me should know will be really much appreciated.