Last year, Sam and Pam were in the market for buying a house up to $500,000. They were ecstatic to have found a detached home listed at $475,000.
Since they found the home themselves, they figured that they didn’t need a Buyer Agent and could make an offer directly to the Listing Agent (who represented the seller) for $450,000.
At $450,000, they thought it would be a good deal to buy the house for 5% off what they considered to be market price for it.
But, could they have gotten a better deal if they had hired a Buyer Agent? Let’s find out… Continue Reading…