Depending on your real estate value knowledge, they may end up taking you for the 3% in negotiations after all. For instance, most agent represented buyers ask for repairs to the property after the inspection which can add up to $1000-2000, where unrepresented buyers usually do not. Something like that alone could be your 2.5% you thought you saved.
Regarding a reduction in realtors fees that based on listing agreement. assume is not your best interest.
RULE of thumb: Never purchase a home direct from : bank / builder / listing agent / seller
A buyers agent represents you. We receive many calls emails across the country from buyers who did not understand contract and etc. lost earnest money, were sued was tooo late for a realtor or attorney become involved you signed the agreements.
Personally I think you are always better off to have a professional representing you alone. Plus, it costs you nothing....the seller pays.
If you would like more information, please visit my website at amanda.prudentialct.com
I hope this helps you....