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Colorado Home Buyers | A Buyers Agent is the way to go

August 10th, 2007 by Tom Reed & Bill Brown

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Colorado home buyers| A Buyer agent is the way to go

Buying your first home is an enormous learning curve and saving time and money is of the up most importance. The process can be overwhelming without a skilled real estate professional by your side. A buyer’s agent can be just the person to walk you through your new home buying experience and help you successfully navigate through this important real estate transaction.

Buying a home can be daunting even for an experienced house-hunter, but a first-timer has to start from scratch when figuring out the pieces of the home-buying puzzle. One of the real estate industry’s best-kept secrets is the buyer’s agent. A relatively new development, this professional is legally bound to protect the interests of only the home buyer, never the seller. An exclusive buyer’s agent is dedicated to you and can give you the edge in the home-buying game. The best part is the buyer’s agent is paid his or her commission by the seller of the property, so you can enjoy their expertise while paying nothing in Realtor fee’s.

Most home buyers search for a home over the Internet before contacting an agent or broker, according to the National Association of Realtors (NAR). In response to consumer demand, many buyers’ agents have web sites that offer comprehensive information for first-time buyers. Like a skilled coach, he or she can take you step-by-step through the complex process and help you maneuver through the inevitable pitfalls that will likely occur.

In the 2006 NAR Profile of Home Buyers and Sellers, the organization found that 64 percent of all home buyers hired a buyer’s agent in 2006, an increase of nearly 20 percent over the past four years. Here are some key advantages a buyer’s agent offers:

A Buyer’s Agent Will:

Show you a wide range of properties, not just his or her listings
Never divulge any personal or financial information (such as an impending divorce or relocation) to the seller that can be used to sway negotiations
Fully disclose all information, both negative and positive, about every property under consideration
Not cost you a thing as the buyer’s agent commission is paid by the seller or builder and does not ever affect the price of the house
Expertly lead you through the complicated maze of home inspections, financing options, legal representation, and insurance requirements
Give you peace of mind that your interests, not the seller’s, are always being protected

A small but increasing number of Realtors are qualified buyer’s agents. Some real estate agents do double duty by acting as a selling agent most of the time and by moonlighting as a buyer’s agent. There are also firms that employ only exclusive buyer’s agents so you never have to wonder who it is your real estate professional is serving. It is important to ask the right questions when you are looking for representation but by all means use the expertise a buyers agent has to offer.

Tom Reed and Bill Brown are local authors and real estate experts of Legacy Real Estate Brokers Inc. in Denver Colorado. You can visit their website at www.discovercoloradorealestate.com.

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