Please remember that buyers do not pay any fee; only sellers pay real estate commission. Sometimes, buyers pay a fee to my brokerage when they hire our services to invest in a “sale by owner property”. Buyers rely on us for many reasons: for accurate price analysis; negotiating the best price, preparing an agreement of sale; preparing legal clauses and getting a lawyer’s approval before signing the deal.
We feel that most private sale properties can be overpriced. Many private sellers aim to have their cake and eat it too by avoiding agent-commissions but adding savings-commission over their asking price.