Tag: buyer agent

Top Four Things You Should Know About Your Buyers Contract



June 30, 2010When you are buying a home, you will sign several contracts.   If you are working with a buyer’s agent, you will sign a buyer agency agreement.  When you have found a home you would like to buy, you will sign a buyers contract, or contract to buy and sell real estate. 1.   Understand the finances set in your buyers contract. Your buyers contract will define your purchase price and terms...

Buyer Closing Costs: The Basics



June 23, 2010What are buyer closing costs? Another term I didn’t know before beginning our home search was “closing costs.” Closing costs means more money that you have to scrounge up to buy a home on top of the down payment.   This term will come up when you are looking for a loan or making an offer on a home.   There are several decisions you can make regarding how you pay your closing...

The Million Dollar Question: Who Pays Buyer’s Agent?



June 9, 2010Please see our page "How Colorado Buyers Agents get Paid" for the latest 2024 changes as a result of the $418M NAR settlement, set to take effect in mid July, 2024 The way your buyer agent will be paid is included in your buyer’s agent agreement.    These can be: 1)     A commission paid at closing to the buyer's agent based on the total sales price of the...

Radon, and Lead Paint, and Stairs! Oh my!



May 27, 2010What to expect during your Home Inspection. One of the things that you will do after you go into the contract has your home inspected.  Everyone that I have talked to about buying a home told me that this is one of the most important parts of the process.   It is your chance to make sure that there are no big problems lurking behind that fresh coat of paint. Pick your poison: choosing...

The Family Who Called House: In other words, making a second offer.



May 17, 2010Now that we have gone through this process a few times, I have realized that making an offer as a first time home buyer can be broken down into four stages: Stage One: This is The One: we will grow old in this house. Four times now my husband and I have called our friends and family, excited because we found a house in Colorado that we love! This is our third time that we have been ready to...

What is the difference between an Exclusive Buyer’s Agent and a traditional Real Estate Agent?



May 5, 2010The difference between an Exclusive Buyer’s Agent and a traditional Real Estate Agent is that buyer's agent works only for people that are buying houses, while Real Estate Agents work for people that are selling houses and buying houses. Why does it matter? My favorite analogy that I heard was: if you get sued, are you going to hire the same lawyer representing the person suing you? It’s...