When you begin your hunt for a home, it’s a good idea to have a professional on your side. Instead of “going it alone” you can hire a “buyer representative” to help guide you through the process. A buyer representative will ad value to the transaction as a counselor, communicator, analyst and advocate, providing the knowledge and skill to interpret information and coordinate the process.
A buyer representative, also known as a buyer’s agent or buyer’s broker can save you time and money by helping you focus on properties that fit your criteria. When the right home is found, the buyer representative will know how to package your offer so you get the house you want.
In most circumstances the buyer’s agent does not cost the buyer, as the seller’s agent shares in their compensation. So after considering this, why not hire your own buyer’s representative and have some one on YOUR side?
How do I determine if my agent will make a good buyer’s agent?
Agency disclosure: an agent should disclose “how” they can represent you and give you a choice.
A good agent should listen to your needs and respect them.
A good agent will ask questions, get to know you , your lifestyle and help evaluate those needs to locate the best property for you.
A good agent will familiarize you with the market, prices, locations, conditions so you will feel confident that you are doing the right thing when it comes time to purchase.
Look for the designation ABR. This means the agent has taken special training, provided a list of successfully closed transactions and has kept up – to – date on changes in the business of representing the buyer to a higher level. That’s a skill you need.
ABR stands for Accredited Buyer Representative.
What will a buyer’s agent do for me?
A buyer’s agent can show you homes that are currently on the market, homes for sale by owner, new construction homes offered by builders and homes that may not be on the market yet.
A buyer’s agent will provide market data to help you establish an offering price.
A buyer’s agent can help you structure your offer, not by price alone, but by other factors, terms and conditions
A buyer’s agent will negotiate on your behalf.
A buyer’s representative will structure strategy to create a winning scenario. (It may not by about price, it could be getting the house when you are competing with other bidders!)
Much happens between writing an offer and closing, a buyer’s agent will attend to the details in a timely manner. Making sure the transaction GETS to closing.
Review the Colorado Buyer Broker Agreement
To be legal all real estate agreements must be in writing. If you are interested in reading the Colorado Buyer Agency agreement, you can download it here. Your computer will need to have Adobe Reader installed. If you do not have Adobe Reader installed on your computer, you can click here to download it for free.
Do you have more questions? Please call my direct line…
You are welcome to call me to discuss the Buyer Agency agreement or any other question you may have about Colorado Real Estate or Denver real estate for Denver and the metro area. I only ask that you are inquiring about Colorado and not states where I am not licensed. I cannot help you with real estate questions not relating to Colorado!
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We Know the Territory
Are you looking to buy or sell a home? Let us at The Berkshire Group assist you. We will take care of all the important and necessary details while you can attend to moving. Our business is helping you make the right decisions, guide you through negotiations, inspections and close on time. When it comes to Denver real estate, we know the territory. For experienced help with your real estate needs call now...720-279-4599.