Should you choose a full service buyer’s agent vs. flat fee vs. self represent to buy a home? In this article we are going to compare the pros and cons on each of these options.
Full service broker brings the most value in the three options but it’s also the most expensive one.
Flat fee brokers combine the best of both world in providing most if not all of the services of a full service broker. But some do require a fee upfront in order before providing their service.
This method will save you the most money. A lot of the time you can negotiate down the price of the home with the amount that was supposed to be paid to the buyer’s agent. Remember to use resources here at diyhomebuyer.com to help you navigate the process of buying a home without a realtor.
| Pros | Cons | Ideal For | |
| Full Service | – Real Estate agent is guiding you through the entire process from home search, offer submission, coordinating inspections and repairs, and closing – Least amount of work on your part | – Expensive. A full commission is expected, ranging from 2% – 3% of the home price – Unpredictable cost. A more expensive home will cost more in commission paid | – Relocation to a new city – First Time Home Buyers – Busy Professionals |
| Flat Fee | – Predictable cost when buying a home – Might receive the of the commission that the seller was offering to the buyer’s agent in | – Lesser quality of service compared to Full Service – May have to pay upfront | – Budget conscious buyer when buying a home – First time home buyers |
| Self Representation | – Can negotiate the buyer’s agent commission in home prices and save a lot of money – Has the most control on the whole process | – Need to learn and do everything involved in the home purchase process | – Someone who is willing to DIY – Seasoned investor – Someone who has bought home before and understand the process |
There are many methods to buy a home, especially with all the resources we have today. If you are looking to learn more about how to buy a home without a realtor, be sure to browse our learn section on how to do that. If you want to get in touch with a trusted real estate attorney in your area to help you review contracts, you can do so here.
