From the inbox: what’s a buyer’s agent?

Good question! Short answer: YOUR advocate in the purchase of a home.

Longer answer: in Colorado, there are four types of working relationships — seller’s agent, buyer’s agent, transaction broker and customer. A seller’s agent represents the seller and “works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller.”

A buyer’s 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.”

A transaction broker “assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties.”

Finally, in the customer relationship, the agent “has no brokerage relationship because such party has not engaged or employed the broker, either as the
party’s agent or as the party’s transaction-broker.”

(From the Colorado Definitions of Working Relationships Disclosure)

Looking to buy a home? I’d be honored to earn your business

Front range to be the silicon valley of agriculture?

It certainly looks like a strong possibility. The report indicates that with the right nurturing, this could come to fruition here in the next decade.

What say you?

From the inbox: what is an appraisal?

Good question! The short answer: an appraisal is an independent assessment of a home’s value. This differs from a home inspection, whose primary purpose is to assess the condition – not value – of a home.

The longer answer…Before You Buy: 4 Questions About Home Appraisals

Looking to buy or sell a home in Colorado Springs? Call Rob at 719-440-6626!