Why You Need Dedicated Representation in Real Estate


Dual-agency seems to be on the rise, but is it actually a good idea? 

Are you in the process of buying or selling your home? Here's a crucial piece of information that many people overlook: the significance of having separate representation in real estate transactions. Whether you're purchasing your dream home or selling a property, having a dedicated broker looking out for your best interests can make a world of difference.

Typically, when selling a home, there's a listing broker involved, and when buying, you'll have a buyer's agent. Although often working in collaboration, these two individuals represent the seller and buyer, respectively. However, what many people may not be aware of is the practice of dual agency, where a single agent represents both sides of the transaction.

"Having a dedicated broker looking out for your best interests can make a world of difference."

While dual agency is technically allowed in Washington state, it's essential to understand the potential risks involved. Even though brokers have a fiduciary duty to act in the best interest of their clients, having separate representation ensures a clear focus on your specific needs. Imagine going through a divorce and sharing the same attorney with your ex-spouse – it's a situation that could lead to conflicts of interest.

Contrary to a common misconception, using the same agent for both sides doesn't necessarily save on commission. When dealing with real estate transactions, it's crucial to have someone dedicated to negotiating the best possible terms, conditions, and price on your behalf.

This need for separate representation extends beyond traditional home sales; it's equally important when buying new construction. While the on-site agent may be helpful, their allegiance lies with the builder, not you. To ensure your interests are prioritized, having your own representation becomes paramount.

So, when embarking on your real estate adventure, remember the importance of having a dedicated representative. I am here to be your advocate throughout the process. Call or reach out to me today, and let's navigate your real estate journey together.

Post a Comment