It is very easy to get caught up in the excitement of a home purchase – especially if you are trying to get in early on some of the remaining good deals. Many areas still have some bargains, however, some of the markets are already ‘hot’ and are seeing very competitive bidding wars on diminished inventories. Here are a few steps to take that will help keep you in the middle of the road.
Get The Help You Need!
First and foremost, hire a buyers agent. This real estate professional will work for you ONLY, is not a listing agent trying to get the most for a seller, and is prepared to take the time to investigate and research the market to find you exactly what you are looking are. After you have found someone to work with, you need to make sure you have clear understanding yourself of what it is you are looking for. Ask all the why’s and what’s before you become fully engaged in the search process. Are you moving across town? Are you moving somewhere else inside the state – or out of state? How long do you plan to own the house you are buying? What will the house be used for? These are all very important question that will determine the type of house that will fit both your needs and your budget. Some of these answers will also have an effect on the type of financing you may be needing, as well.
Leverage Your Time!
Home searches can be exhaustive. In many cases, your buyers agent will do much of the leg work but you will likely need to search as well. Especially if you are looking in more than one area. Much of the information you seek is available on the internet – it is much easier in this age of knowledge to find information about neighborhoods, schools, crime statistics, churches, shopping, transportation, health care, nearby recreation and activities – all things that contribute to individual lifestyle if you are going to live in the house for any length of time. A buyers agent will come in handy in the critical part of securing the property – negotiations regarding price and terms. Let a professional buyers agent handle the complicated and time-consuming activities in locating and purchasing your next home.
This series answers questions Colorado home buyer’s have about the finances of working with a buyer’s agent. Especially -how buyer’s agents get paid.
Most people that know that agent’s work on commission wonder whether it costs home buyer’s any extra to work with an agent, and if it is possible to save money without an agent. These articles take a close look at the question of whether or not it is possible to save money by working with the seller’s agent instead of your own.
The Million Dollar Question: Who Pays Buyer’s Agent?
Can You Save Money By Not Using A Real Estate Agent?
The Exclusive Buyers Agent Fact Sheet
Can I Save Money by Not Working with a Buyer’s Agent? (video included)
In Colorado, home buyer’s are asked to sign a buyer agent agreement when they work with a Colorado buyer’s agent. Similar to working with most professionals, the contract outlines the terms of the working relationship between the home buyer and the agent- including repsonsibilities, payment, and how to terminate.
This series answers questions about the Colorado Buyer’s Agent Agreement- including one of the most common questions- who pays the buyer’s agent?
What is a Buyer’s Agent Agreement?
Buyer Agency Agreements Protect
The Million Dollar Question: Who Pays Buyer’s Agent?
The Colorado Exlusive buyer’s agent can help you find the best Colorado buyer’s agent that serves the area and price range you are looking in. Here, you will find all the resources you need to find, interview, and choose the best agent for you.
All of CEBAA’s agents work exclusively for home buyers and are in good standing with the association.
This series answers questions about what it is like to work with CEBAA, steps to take for choosing the best agent, and interview questions.
Choosing your agent is a critical step to a successful home search.
Resources for Finding the Best Colorado Buyer’s Agent For You.
3 Ways to Interview Your Buyer Agent
How to Choose a Buyers Agent
Everything You Wish You Knew BEFORE Calling a Listing Agent
Home Buyers: Do a Little Research Before Picking Up the Phone!
Find an Agent You Trust
Finding Colorado Buyers Agents: What Can CEBAA Do For You?
Colorado Exclusive Buyers Agent Association Matches Home Buyers With Buyers Agents In Good Standing
What types of agents are there? What’s so special about buyer’s agents in particular? Most home buyers work with an agent during their real estate transaction in Colorado. But, what most home owners don’t know is that not all types of agents are created equally.
Exclusive buyer’s agents exist to protect the rights of the buyer during real estate transactions, rather than the seller. Traditionally, real estate agents work to protect home sellers, and this created a disadvantage for buyer’s. Exclusive buyer’s agents eliminate that disadvantage and give buyer’s a level of protection not available in the past.
This series explains the main differences between traditional buyer’s agents and exclusive buyer’s agents, or buyer’s agents in Colorado. Additionally, the main benefits of working with a buyer’s agent are explained.
Top 3 Differences Between Exclusive Buyer Agent and a Traditional Agent
What is the difference between an Exclusive Buyer’s Agent and a traditional Real Estate Agent?
Why work with an Exclusive Buyer’s Agent?
What does a Home Buyers Agent Do for You?
Is Dual Agency Bad News For Homebuyers?
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