Buying a Home : Everything You Need to Know : Experienced Honest & Trustworthy REMAX Denver Colorado Real Estate Agent : Anthony Rael : #JustCallAnts

 

UNDERSTANDING BUYER AGENCY IN COLORADO

Thinking about buying a home in the Denver area? The seller will have professional representation...Will you? You see, sellers list their homes with real estate agents to assure professional representation throughout the home selling process. As a buyer, you deserve the same kind of service.

Real estate agents & REALTORS® may represent either the buyer, the seller or the transaction. Is your agent working for you? How do you know? How can you be sure that someone is looking out for your best interests? In Colorado, most listing agents, sellers and/or homebuilders compensate the buyer agent's brokerage firm that leads to successful closing. There is no "standard" compensation amount or % - everything is negotiable between parties to the contract. I encourage you to pay close attention to the contracts because sellers, listing agents and builders offer a wide range of compensation to the buyer brokerage firm. Do not sign anything until you fully understand what your financial obligations are. The stakes are too significant and potentially too costly - so never assume anything. Work with a REALTOR® who refuses to rush you through the process because its a decision you may eventually regret. Count on Anthony to be patient and walk you through everything and answer all of your questions - especially things you never knew were important. I have you back!

In the interest of transparency and full disclosure, Colorado law requires agency disclosure to prospective buyers. Every real estate agent must disclose the types of agency through which he/she can represent you. If you do not sign a buyer agency agreement, then you are NOT being represented. Don't make this mistake. Consider your options and outcomes. Here are some facts:

Duties & Obligations

Using Your Own Buyer's Agent

Using the Seller's Agent
(aka Listing Agent)

Arrange Property Showings

Keep your bargaining & financial position confidential

Must inform seller of adverse conditions affecting your buying ability

Monitor transaction to closing

Assist with financing

Disclosure & information

Provide accurate information

Advise & Counsel

No!

Promote & Protect your Best Interests

No!

Exposure to both listed & Unlisted Properties

No!

Point out Reasons NOT to Buy

No!

Negotiate the Best Price & Terms

No!

Writing an Offer with your Best Interest in Mind

No!

Buyer 24-Month Investment Protection Program

 

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