Real Estate Agent Kathy Opolski Explains Why Buyers Need Representation in the Park City Utah Real Estate Transaction
Real Estate Agent Kathy Opolski Explains Why Buyers Need Representation in the Park City Utah Real Estate Transaction
One of the most common questions that Park City Utah home buyers ask is why do they need a real estate professional to help them buy a home? It might seem like it would be a lot easier to just go out on your own, drive around Park City Utah and find the house that you're interested in. Many buyers do this and just call the listing agent directly to proceed with the real estate transaction. However, this can present a problem in some cases.
Most of the time, the listing agent on the house represents the seller. Many listing agents do not take on a dual agency capacity meaning that they cannot or will not represent both parties. In fact, some states do not even allow the practice of an agent representing two parties. Either way, it makes a lot more sense for a Park City Utah home buyer to have their own representation when dealing with a real estate transaction.
Think of it this way: When an agent lists a Park City Utah property for sale, they promise the seller to do their very best to get the most money for the property. When an agent contracts with a buyer to represent them, they promise the buyer that they will do their very best to get the buyer a fantastic deal on their property. If an agent is representing both parties, those interests can be conflicting because it might be impossible for the agent to get the seller the most money and the buyer the least money at the very same time.
Most of the time, the services of a Park City Utah buyer's agent are paid for by the seller via the commission. The commission amount is set out at the beginning when the house is listed, so someone is going to make that money regardless. As a buyer, it makes more sense for you to have representation that is paid for by the seller but has your best interests at heart.
If you would like to know more about how buyer representation works in UT, visit my website at www.KathyOHomes.com or contact me directly at 801-518-4599. I'd be glad to assist you by answering questions about the process!
There is a lot of free information available about buying, selling or investing in Park City, Utah real estate. For complete information about the Park City real estate market including foreclosures, short sales and more, visit the website dedicated to everything Park City Utah real estate.
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If you or someone you know are in need of a competent and caring real estate professional in or near Park City, Utah, I will be happy to help, just call me at 801-518-4599.