The best way for me to decribe this is perception. Your perception and many others before you believe that if they can cut out one agent, they can save money. MAYBE! But probable not.
First of all, you are not an agent, and you are not getting the commission. And most PROFESSIONAL agents are not going to give you their commission just because you want to save money. Like Cheryl said, you might save a few bucks.
But, what if you had a good buyers agent and they could save you $50,000-$100,000. Would it be worth it then? Remember, if your buyers agent doesn't get the home for you, they don't get paid. That's a lot of Incentive and motivation! If the listing agent doesn't get the right deal for you, they still have the listing. Big deal.
Here is a real scenario for you. Depending on how long the property has been on the market, when the listing agent went for the interview, they went over the comps in the area, and shared their marketing plan with the seller. They told the seller that their home should sell for XYZ if they listed if for ABC.
Now, you write an offer and the sellers agent represents you. How strong do you think the seller/buyer agent is going to be with their seller when they present your offer when they just promised to sell their home for XYZ? I think they are going to tell their seller that they have an offer, but it's a lower than what they were looking for.
Now the agent comes back with a counter offer to you and says, hey, this is what the seller is willing to do.
How do you know if that's the best they can do. I just went thru a 5 counter offer transaction for my buyer. We knew. Would you?
Orie, you "might" be able to save 1%. Is that a great deal in this market? It all depends on your Perception. It also depends on how the home was priced, the location, the condition, and supply and demand.
Orie, sometimes it's best to let the professionals do the work for you. It's a lot of money.
As well versed and savie as you seem, you will NEVER know if you got the BEST price or could have saved thousands more without having an agent who's sole responsibility is to get the best possible deal for you.
Feel free to visit my web site, I'm a native San Franciscan and would love the challenge of getting you the best possible price. But I can also vouch for Cheryl. She is also a very good Realtor in our industry.
Dave "Tap" Tapper