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Facts About Buyers Agents |
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| Did you know that if you call an agent that has property listed, that they work for the Seller? | |
| What a Buyers Agent Can Do For You | |
| 1. |
We work for your best interest, and only your interest. |
| 2. |
We locate and show you "all" available properties that fit. |
| 3. |
We assist you with finding a lender that will get you "all" options for your mortgage. |
| 4. |
We provide a C. M. A. on the property you want to purchase so you don't offer too much. |
| 5. |
We have the Mortgage perform a good faith estimate on the loan you are getting. |
| 6. |
We prepare your offer to purchase the property that you select. |
| 7. | We submit your offer to purchase, promptly. |
| 8. | We consult with you regarding counteroffers , If they are needed. |
| 9. | We assist with Home Inspections, Termite Inspections, and Surveys. |
| 10. | We work to get needed corrections/repairs completed before closing. |
| 11. | We review HUD-1 settlement statement with you for accuracy. |
| 12. | We assist in the closing. |
| 13. | The Best part is there is NO COST FOR OUR SERVICE. |
| 14. | You will get the very best from any Realtor if you only use one Agent. |
| 15. | You have no obligation and can discontinue working with us at any time. |
| 16. | We only ask that you work with one Agent at a time. |
| 17. | We're the #1 with our clients, because We Care. |
| 18. | It cost no more to put #1 Caring company to work for you. |
| 19. | Get Results, No Promises. |
| 20. | Call Toll Free at 877-266-9816 or locally at 719-266-9816 |
| YOU HAVE THE RIGHT TO REMAIN SILENT | |
| Anything you say can and will be used against you in the negotiating process. | |
| You have the right to be represented by your own agent. | |
| Should you waive this right, the listing agents will be trying to get the highest price for the seller and you, the Buyer, will have no representation. | |
| Do you understand these rights as they have been explained to you, Mr. & Ms. Buyer? | |
| Answers to Commonly Asked Questions about Buyer Agents | |
| E-mail Larry & Sandra Click Here | |
| Q: | Can any real estate agent be a buyer's agent? |
| A: | Yes, any licensed real estate agent in Colorado may be a buyer's agent. However, before you hire an agent, check the experience that the agent has in buyer agency transactions. |
| Q: | The last time I bought a home I believe that my agent really looked out for me. Why would anything be different today? |
| A: | In the past, there was a lot of bending of the rules. Agents believed that they had to take some risks in order to obtain referrals and future business from you. In today's litigious environment, however, real estate agents are much more cautious. The only way to get an agent on your side is to hire a buyer's agent. |
| Q: | If this is so good for the consumer, why aren't all real estate agencies offering buyer agency? |
| A: | Companies across the country are changing their methods of doing business to accommodate the increasing interest in buyer agency. However, buyers need to be cautioned that many agents have not been properly prepared and that buyers should check for the experience and industry designations of the agent before signing a contract with the agent. |
| Q: | Won't I get a better deal if I buy directly from the listing agent? |
| A: | NO. The listing agent owes his or her loyalty to the seller and cannot legally help you get a better deal. Although some buyers believe that the listing agent should be willing to take a lower commission because he or she does no have to share with another agent, they fail to consider that the listing agent has twice the amount of work if there is not another agent available to help, so the listing agent may still not be willing to give up commission. |
| Q: | What other differences can I expect from a buyer's agent? |
| A: | When you hire a buyer's agent, the entire home finding process should change. Rather that trying to sell you on the good points of the properties you are looking at, a buyer's agent will help you discover all the negatives of the home. A buyer's agent should also prepare a contract that offers the buyer better terms and conditions and that suspends dates for settlement and moving that favor the buyer. A buyer's agent will also look more diligently for a home for you and should open up additional home finding possibilities for you, such as for-sale-by-owner properties and properties not yet on the market. A buyer's agent will protect your interests should any problem arise during home inspections and will negotiate in your best interests any time there is a need to reopen contract negotiations. |
| Q: | Can my agent list my home and also be my buyer agent? |
| A: | Yes, some buyer agents work with both buyers and sellers and those who do not list homes will usually refer you to an agent to help you market your home. Be certain, however, that if the same agent lists your home and helps you find another that you have signed a buyer agency agreement with the agent and that you have checked to make sure that the agent is proficient in handling both. The only exception is listed below under transaction agent. |
| Q: | Are there different agencies in Colorado? |
| A: | Yes, an agent can be a Buyers Agent, a Sellers Agent, or a Transaction Agent. |
| Q: | What is the difference? |
| A: |
A
Buyers Agent works for the buyer only 100% of the time. A Sellers Agent works for the seller only 100% of the time. A Transaction Agent works for the transaction on the table at the time. When a buyers agent shows a property listed by another agent in the same office as the buyers agent, the buyers agent becomes a transaction agent for that showing only. Since both agents work for the same broker, the state of Colorado says you have to work as a transaction broker for this one deal. The reason for this change is that in case you overhear something about the deal in the office, you are not allowed to disclose it to either the buyer or seller. You have to remain neutral and work for the transaction only in this one deal. |
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