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Here's
more information about buyer representation. I'm sold on it, but in case
you aren't convinced you may want to read this... Buying
a Home? The
seller will have professional representation...Will you? 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. A
real estate agent may represent the buyer, seller or the transaction.
Is
your agent working for you? How
do you know? Are you sure? Colorado
law requires agency disclosure to prospective buyers. Your agent must disclose the types of agency that 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 to help distinguish the differences:
You
do not have to sign an agency agreement (buyer brokerage) with the agent until
you are sure that the agent is someone you WANT to work with. Once you
determine who you wish to work with, it is in your best interest to have
representation. 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, give you the 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 your
needs to locate the best property for you. ·
A good
agent will familiarize you with the market, prices, locations and 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 that the agent has taken special training, provided a list of successfully
closed transactions and has kept up - to - date on changes in real estate laws
and practices through continuing education programs. This dedication takes 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 date 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 even be best 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.
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