Buying or selling your home is no small feat, and it's one of the toughest financial decisions of your life. That's why having an experienced real estate agent to direct you through the process is essential.
Follow these tips about how to find a realtor in Colorado to make sure that you recruit the right pro:
Speak to your lender before you appoint a real estate agent
Often home shoppers employ a real estate agent and plunge into their home quest before they talk to the lender. Most experts suggest that you talk to the lender first to learn how much you can pay. Having pre-approved for a mortgage will give you the maximum amount you can borrow and find problems that need to be worked on early in the process. This lets you stick to the correct price range of houses, and shows prospective Realtors (and vendors) that you are a serious buyer.
Get your network referrals
Ask family members and friends if they would help you how to find a realtor in Colorado, with whom they have had a successful experience. Ideally, you're going to want someone with experience dealing with customers who are close to you. For example, the needs of first-time buyers are different from those of repeat buyers or homeowners who choose to downsize.
Some Realtors also have accreditations that prove that they have completed training in a certain field of real estate. Some of the
designations include:
ABR (Accredited Buyer's Representative): conducted additional training on the representation of buyers in transactions.
CRS (Certified Residential Specialist): completed advanced training in residential real estate management.
SRES (Seniors Real Estate Specialist): Completed training aimed at assisting buyers and sellers aged 50 and over.
Research potential candidates
Start by looking at their online presence. Check their websites and active social media pages that they use to advertise their offerings. Take a look at their online reviews, too. Don't think about one or two bad reviews, but the red flag might be more than that.
Ask for references — and verify them
Ask property real estate agents at least for the recent customer, to provide details about homes which they have listed and sold over the last year. Call on those clients to find out their knowledge on how to find a realtor in Colorado and what kind of support the agent has provided all through the procedure, including during the negotiation process.
Ask if they will employ the agent again for their next real estate deal.
The ability of an agent to lead you seamlessly through the process is as important as the expertise and experience. Go first and foremost with a trustworthy agent and feel comfortable if the closing path gets a little bumpy.
Review your contract carefully
The terms you have already settled on, including the land commissions, should be set out in your contract. The seller has historically paid 6 percent of the home's retail price for property taxes, with half going to his immobilizer and half going to the buyer's representative. The fee rate is, however, negotiable, with the average fee hitting almost 5% in the last years.
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