Working with a REALTOR
Diana and Michael Kearns are both REALTORs, members of the National Association of REALTORS, so it may be obvious that we believe you should have a professional represent you when it is time for you to buy a home. Let's look at a few reasons why this representation is important.
Is every real estate agent a REALTOR?
The simple answer here is "no." Typically, a real estate agent is simply someone who is licensed by their state to sell real estate. This could be someone who has a license and occasionally buys or sells a home as an investment. It could be a teacher who makes a little extra income in the summer selling homes. A REALTOR is a member of the National Association of REALTORS, someone who has agreed to be bound by the ethical and professional standards of the profession.
Top Ten Reasons to work with a REALTOR
According to Land Title, "when the economy is uncertain, homeowners may want to try to save a few dollars by buying or selling their homes themselves. But a slower market is actually the best time to have an experienced professional on your team." Here are our top ten reasons to work with a REALTOR.
Choosing an agent
With so many people holding real estate licenses, how should you select the agent to represent you? You should definitely look for an experienced professional, consider their education and certifications, and conduct interviews when choosing an agent. Ultimately, we recommend that you pick someone who really knows your neighborhood and has experience with both buyers and sellers, and most importantly pick someone you like and who understands YOUR needs.
Buyer Agency in Colorado
Agency relationships in real estate vary from state to state. In Colorado, the Colorado Real Estate Commission has defined the different forms of brokerage relationships. A Buyer Agent, "works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer."
Using a REALTOR to buy a new construction home
Every day home buyers head off to builders' offices and model homes without a REALTOR representing them as a Buyer's Agent. Sure you can buy a home on your own, but aren't you giving up a lot if you don't use a REALTOR? Read more about why you should be represented by a Buyer's Agent when purchasing a new construction home.
Using a REALTOR to buy a For Sale By Owner (FSBO)
For all the reasons we discussed in our top ten reasons to work with a REALTOR, it is important to have professional representation in all real estate transactions.