Why Use a Realtor to Buy or Sell Park City Homes

Are you thinking of buying or selling a home in the Park City area?. Are you considering doing this yourself and not using a Realtor? There are many reasons you should use a Realtor and here are a number of reasons why.

It Saves You Money

How can using a Realtor save you money when selling your home when it costs on average 6% in commission fees? Because on average a home sold using a Realtor will sell for 16% more than those sold by the owner. Therefore after commissions the average home seller will receive 10% more.

But why do Realtor's get more money for your home? One reason is that Realtors know the market. They know how much homes are selling for in the area, if its a good market or a slow market and so have a much better chance of pricing your home correctly and not undervaluing or overvaluing it.

They can also market your home better to more prospective buyers. They know when and where to advertise your home, and have access to the Park City MLS which is used by other Realtors to find out what homes are currently for sale. Did you know that it is illegal for a Realtor in the state of Utah to offer MLS only listings to sell your home?

If you sell your own home you will probably still need to offer a 3% fee for the buyers Realtor. More than 80% of all buyers work with Realtor's, so even if you manage to sell your own property the chances are that the buyer will be working with a Realtor who will want paying. If you don't pay them then the buyer will have to. One common mistake made by FSBO's is offering less than 3% for the buyers commission, if you do this you may find that Realtor's are reluctant to show your property. After all if you were paid on commission and one job offered 3% and another 2% which one would you do?

Another problem FSBO's experience is low ball offers. A buyer often thinks that because the seller is not using a Realtor they can reduce their offer by 6%. The logic being that the seller is saving 6% therefore I they can also ask for this reduction.

OK so you should use a Realtor for selling a home but what about buying a home? Unlike other states, in Utah the buyer does not pay a commission to their Realtor, this is paid for by the seller. Therefore it does not cost the buyer anything to be represented by a Realtor.

It Saves You Time And Is Safer

Who is going to show my property to buyers? What if a buyer wants to view my property during the day while we are working? What are the legal requirements I need to comply with when selling my home? How do I know the buyer is well qualifying to buy my house? How can I best protect myself to ensure that the sale or purchase transaction goes as smoothly as possible? What happens if problems are found during the inspection? What happens if I don't disclose a problem and this is found later by the buyer, am I legally responsible? How do I advertise that my home is for sale? Do I have to use a title company? How do I find out when prospective homes come on the market? What price should I list my house for? These are just some of the questions that need to be addressed by sellers and buyers, if you have a Realtor you will have some one who can guide you through these issues and problems.


Are you looking for a Realtor in another market? If so please refer to these agents:

Are you looking for a Florida Realtor to buy or sell Destin Real Estate. Experienced real estate agent Ed Kirkland has completed hundreds of transactions in the Florida market.

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