Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you’re not familiar with all aspects of the process, and don’t have all the best information and resources at hand. If you’re like most people, buying a home is the biggest investment you will ever make. One of my specialties is Buyer Agency. As YOUR Buyer Agent, I dedicate myself in representing YOUR best interests throughout the home buying process. I will save you time and money, as well as make the experience more enjoyable and less stressful. So whether you’re buying a starter home, your dream home or an investment property, why not take advantage of my experience and dedication to assist you in making the most informed decisions you can, every step of the way?
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Here are some very important facts about agency:
“Should I work with a Buyer’s Agent, Seller’s Agent, or Transaction Broker? …and what’s the difference?”
You should understand from the beginning of your relationship with your real estate agent what type of relationship exists. In Colorado, real estate agents are required by law to let consumers know whether they represent the buyer or seller.
Types Of Agency
SELLER’S AGENT: A seller’s agent works solely on behalf of the seller and owes duties to the seller which includes the utmost good faith, loyalty, and fidelity. The agent will negotiate on behalf of and act as an advocate for the seller. A separate written listing agreement is required which sets forth the duties and obligations of the parties.
BUYER’S AGENT: A buyer’s agent works solely on behalf of the buyers and owes duties to the buyer which include the utmost good faith, loyalty, and fidelity. The agent will negotiate on behalf or act as an advocate for the buyer, promoting the buyer’s best interests. A separate written Buyer Agency agreement is required as well.
TRANSACTION BROKER: A transaction broker assists the buyer, seller, or both with advice, contracting, and closing, without being an advocate for any of the parties. A transaction broker does not work on behalf of the buyer and does not promote the buyer’s best interest.
How Agency Looks In Real Life
Example: You see a house advertised in the newspaper, a home magazine, or the Internet. You contact the Listing Agent (this is who will be advertising the home) and make an appointment to see the house. The Agent is friendly, informative, and tells you what you believe to be everything about the house. This Agent represents the seller, NOT YOU.
Benefits Of Having Me as Your Buyers Agent
Buyer agency turns the tables. If you decide to use me as your Buyer Agent, YOU now have representation and someone looking out for YOUR best interests. Some of the potential benefits include:
• I’ll save you time searching the market
• I’ll coordinate showings and accompany you, providing helpful analysis
• I’ll help you explore different financing options so you can make the best decision
• I will prepare a CMA (Comparative Market Analysis), revealing at what price similar properties
in the area have been listed for and sold for
• I will let you know any information about the seller that I have been able to
ascertain. This may include information that may be to your advantage
• I will also inform you of any information about property value trends that may influence your decision about a certain area.
BONUS BENEFIT…In most cases, representation by me, a professional Buyer’s Agent, will cost you nothing – It’s FREE ! The compensation that I receive is built into the selling costs paid by the Seller at the time of closing!! I never charge a retainer fee, a hourly fee, or any other compensation from YOU.
Is it necessary to have a Buyer’s Agent? No. But it IS important that you understand your options so that you don’t unintentionally accept less representation than you want. Now, Buyer’s Agent Representation is not readily available in all states, but it IS readily available in Colorado. In fact, I actively recommend it to anyone considering looking to buy a home.
Buyer Agency is one of the specialized services I provide, so please let me know if I can be of service!