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Denver Colorado Real Estate Agent
Denver CO - Residential Real Estate Agents
Finding the right Denver Colorado Residential Real Estate Agent for your needs may not be an easy task when there are literally thousands to choose from. However, there are only a handful of residential real estate agents in Denver who specialize in working with only buyers—that is, everyone in the office is a buyer specialist. What are additional criteria for finding the right agent for you?
You may wish to check out whether your agent specializes in working with residential properties or commercial properties. Or, are they experts in raw land and ranches and rural properties, or in-town properties and residences? Do they tend to specialize in showing residential properties in town or in the suburbs?
You may wish to know if they have the GRI –Graduate of Realtor Institute- designation, that only about 5% of all real estate agents have earned. The GRI involves in –depth training on residential real estate.
The Colorado Exclusive Buyer Agent’s association recommends that those seeking Denver CO residential real estate ask these questions in a face-to-face interview session:
How can you offer me superior representation to a traditional agent? Or, if you are also interviewing traditional companies: How can you represent me as a buyer client for properties listed with your firm? Will I ever be put into a dual agency situation? If so, which fiduciary obligations must be compromised?
How do you get paid? If you get paid by commission, then I know a higher priced house will result in more payment to you---how can I be assured you will find the best deal for me regardless of the price? Will I have any out of pocket expenses other than my down payment?
Do you charge a retainer fee? Is it non-refundable? May I work with you for a couple of weeks initially to see if I am impressed with your services, and then continue (or not) with our agreement?
What is your inventory of non-listed properties, such as for sale by owner, foreclosure or not yet listed properties?
How often will you supply me with properties that meet my criteria? How will you get them to me?
How familiar are you with the area where I want to purchase? Can you give me references of other buyers for whom you have helped buy homes (or land) in the same area?
Can you help me know whether I'd be pre-qualified for a loan, and then help me get the best loan?
Do you have a written agreement? What is the duration of that agreement? What if I see a for-sale-by-owner house on my own? What if I want to get out of the agreement earlier than the set term?
What specific things should I look for in a home?
CEBAA Quick Note
Think about the way you live and look for features that you enjoy. Consider the furniture that you own, and what you plan to purchase. When you are in a home, look beyond the decorations currently there and visualize what it will look like with your possessions. You may want to consider driving time to work, school and shopping. If you are an active outdoor person, you may want to consider location/proximity to bike/hike /jogging trails. A home is a lifestyle. Make sure yours is as compatible as possible
I want a home like my parents, but there is no way I can afford it, should I wait?
Waiting will only widen the gap of affordability. My suggestion is to carefully review your needs and to settle into a home that you can sell in a couple years. Once you are in a home, it should appreciate, helping you build equity and bringing you closer to your "dream home". Many people who have wonderful homes did not get there with the first try. They purchased and rolled over their equity every few years, until they accumulated enough to go for the "perfect home". All this takes some planning and of course, patience.
I have heard that many REALTORS will not work with anyone until they have signed a "buyer broker agreement". How does that benefit me?
That is a very good question. The Buyer Broker agreement is a contract that mutually binds a broker and a buyer to each other. The broker acts as the buyers agent in finding a home of the buyers choice. The broker is responsible to the buyer in representing his best interests by that I mean:
A buyer broker can show you a property in a manner that gives you the positives and negatives of each property. By doing this the broker "educates" you so that you can formulate your own opinion of the property.
A buyer broker will provide you with comparable sales, analyze them and give you his/her opinion or interpretation of the findings. Once again this assists you in formulating your opinion on the property.
A buyer broker can find properties that are not currently on the market.
A buyer broker will inform you of everything they know about the property or the seller of the property (that is not prohibited by law).
A buyer broker can prepare an offer to purchase and assist you in determining what price to offer and how to posture the offer to your greatest advantage.
A buyer broker is your advocate and will negotiate for you.
It sounds as though we will have many choices, how do we decide where we want to live.
Many people first determine how much money they want to spend on a home, or how much money a lending institution will lend to them. By determining how much you can afford, you will eliminate many areas. You probably know what part of town you will be working, from there decide within reason how much time you are willing to travel to work each day. On a map draw a circle around your workplace. With these two factors you can then determine where you can afford to purchase and how far from work that will be. Many families with children research the area schools, choose one that best suites their children's needs then search for a home in that area.
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