FSBO / buyer’s broker
I’m a prospective first-time buyer and after months of going to open houses I have found a FSBO condo I’m interested in. I do not have a buyer’s broker though I have discussed with one agent the possibility of signing on with him. My questions: 1) do I dare try to complete a transaction without a broker on either side? Bear in mind I know very little about the process, though I’m willing to put in some time. 2) If I do use a broker, is his commission 3%? 3) Who usually pays that commission? My understanding is that it is the seller’s responsibility but the seller might refuse to pay it as part of the negotiation process.
Any insight much appreciated.
