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Buying A Logan Utah Home: Using A Logan Real Estate Agent

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By : Lisa Udy    99 or more times read
Buying a Logan Utah home can be a great investment in your future, and there are many reasons to use a real estate agent to aid in the process. I am going to outline some of the benefits of using a real estate agent when buying your new Logan Utah home.

If you are a first time home buyer, it's very important to realize the responsibility of owning a Logan Utah home. The sole purpose of a real estate agent is to educate you in the process of purchasing real estate, the fees associated with the purchase, and should negotiate on your behalf. A real estate agent is subject to penalties, and they are held to a higher standard then any other sales profession.

The sole purpose of a real estate agent is education. Your agent, when buying a new Logan home, is to educate you on the process, contract procedures, and to negotiate the best offer possible for your Logan home. To get the best deal, you need an experienced agent, with experience in negotiations.

Why you shouldn't work with a sellers agent!

When buying a new home, a lot of buyers think it's ok to use the sellers agent. This is a very bad idea, and here's why. A selling agent already has a fiduciary duty to the seller of the home. They have a signed contract stating they are going to try and negotiate the best deal for their seller. They are legally bound to negotiate on behalf of the seller.

If you go with a sellers agent when buying your home, you won't be represented to the fullest, and your best interests will be second to the sellers of the home. If you decide to work with a sellers agent, never describe the top dollar you are willing to pay for a home. They will only pass that along to their clients, and you may lose out on a better price.

What is a Buyers Agency Agreement?

When a seller lists a home with a sellers agent, they are required to sign a listing agreement. The agreement states that the selling agent will work in the best interest of the seller, and try to negotiate the best possible price for their home. The same is true for a buyers agent. A buyers agency agreement is to protect the buyer in a real estate transaction.

In Logan, when working with a buyers agent, most agents don't require you to sign an agreement. The agreement binds the agent and the buyers, and it will prevent the buyers from working with another agent. However, these contracts can be terminated at the buyer's discretion. The reason you should sign a buyers agreement, is the legalities of a real estate transaction.

The buyers agreement states that your agent is going to work on your behalf, and has a fiduciary duty to you the buyer. The agreement is something that must be signed if you write an offer on your favorite Logan Utah home.

When buying a Logan Utah home, whether you are an experienced buyer or a first time home buyer, it's very important to have representation. By hiring a buyers agent to represent you, your real estate transaction is going to be a lot smoother, you will have a negotiator, and your agent will keep you up to date on market activity.
Lisa Udy is a local Logan Utah Real Estate agent who specializes in helping buyers and sellers. If you need help buying a Logan Utah Home, feel free to contact Lisa Udy, and she will work hard to negotiate the best deal for you.

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