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2009-10-07 06:26:24
Utah County Realtor Home Buyer Representation

Utah County Home Buyer Representation

Benefits of Using a Utah County Buyer Agent


When you call for more information about a Utah County Listing you have seen, you will typically be referred to the seller's agent or someone else who represents the same real estate company.  They can answer your questions but can't give you advice or opinions on the property and they can't be on your side during negotiations to get the best price on the property.  The reality is they may try but then they are going to have conflicting interests.  They have a contract with the sellers of the property you are interested in and must act in their best interest at all times.

How does a Utah County Buyer Agent get paid?

When a seller contract with an agent, they agree to pay a commission to the agent for selling the house.  The typical percentage is 6% (3% for the Seller Agent and 3% for the Buyer Agent) of the selling price.  If they sell the house without another agent involved, they get all 6%.  However if a buyer's agent is involved, they split the commission.  At closing, the listing agent is paid 3% and then pays the buyer's agent the predetermined percentage of the commission.


When deciding if you want to utilize a Utah County buyer's agent, keep in mind that you pay nothing, regardless if you utilize one or not.  However, it is very likely that you will pay more for the house and closing costs if you rely on the seller's agent for information and advice.

 

 

 
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