Starting in August 2024, home sellers will no longer be forced to pay 2.5% or more on behalf of the buyer. The August NAR MLS Lawsuit settlement now gives informed buyers the option to determine what the agent is paid. With our BuySelf service, the average buyer creates $7,750 in transaction cost saving, which they can use to make their offer more attractive to the seller, or the buyer can keep their savings themselves.

How it works:

Traditional/before 2024:

Buyer offers $400,000 to seller. Seller must pay listing agent commission plus a preset buyer commission, regardless of whether the buyer has their own agent or not. Example: Seller pays 2.5% listing agent commission plus 2.5% buyer agent commission, $20,000 commission total. Net amount to seller, before other closing costs: $380,000.

The BuySelf Program:

Buyer offers $400,000 to seller. Seller must pay listing agent commission plus a preset buyer commission, UNLESS the buyer has their own agent assisting them, like BuySelf. Example: Seller pays 2.5% listing agent commission plus 0% buyer agent commission (since BuySelf buyer has already paid their own agent BuySelf’s low, flat fee), $10,000 commission total. Net amount to seller, before other closing costs: $390,000. $10,000 better than the old way!

Buyers who are competing with other offers make their offer $10,000 more attractive to the seller with the BuySelf buyer program. Please note, in some cases, a credit to the buyer may be necessary to achieve the savings.