Why you should always have an agent representing you in a real estate transaction - 1 example

Suppose you find a home of interest and the Listing Agent tells you they will reduce the price of the home by 3% if you choose not to use the Buyer's Agent you have spoken to, but have not yet signed a written agreement with.

What have you benefitted if you "save" 3%, but still end up over-paying for the home by 5%? Absolutely nothing. You have, in reality, lost.

Listing Agents Represent the Seller. When you need to sell your home, hire one. When you need to Buy a home, hire a Buyer's Agent who will work solely on YOUR behalf.

There are many Buyers who may not even know they overpaid for their home because the comparables they were shown by a Seller or a Listing Agent justified the higher price.

Remember who the Listing Agent represents. Comparable sales provided by a Listing Agent should always be verified by an independent agent, preferrably your Exclusive Buyer's Agent.

I have seen comparables used for non-similar properties, sometimes miles away, when there are 2 or 3 of the same floor plan, in the same neighborhood that have sold within the past 30-60 days.

Make sure you hire an agent who is legally obligated to protect your rights as a Buyer. To get you the best price and terms, not the Seller.

Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage serving Salt Lake and surrounding areas. We do not list homes and we don't represent Sellers. We work for you on the Buying side of the transaction at all times.

For more information, just call us at (801) 969-8989 or contact us via the link on this page.