What is a Buyer’s Representative? The buyers representative or broker is a licensed real estate broker and agent to the real estate buyer on their behalf throughout negotiations to buy a piece of property and advocates on their behalf throughout negotiations to sell a property or condominium in their area. They have a fiduciary responsibility to a client and are legally responsible for any errors made by their broker or real estate agency. They act in accordance with the regulations governing real estate transactions in Colorado.
What is a Title Search? A title search is performed to obtain detailed information about the property’s title. A title search will also reveal other significant data such as current and previous owners, outstanding liens, ownership history, mortgage liens and any tax liens (if any), title history, and much more. Brokers and agents perform title searches at no cost except for postage. In order to obtain this free title search, you will need to contact the real estate transaction’s department of each county the property is located in.
What is a Real Estate License? To be qualified as a real estate broker or agent like Tom Ullrich – Re/Max, in Colorado you must obtain a real estate license through the state. To apply for your real estate license, you must complete an application, pass all of the required documents, and then take a written and oral examination. Once you pass the exam you will be issued your real estate license and will be able to legally work in the state of Colorado.
What is Reverse Wholesaling? The process of “reverse wholesaling” refers to a real estate transaction in which you sell your property for less than the fair market value. Reverse wholesaling is legal in Colorado. By purchasing properties in the areas of Denver and Colorado Springs, and selling them at a lower price than their true market value, you can save money on your real estate transactions. This is the essence of real estate wholesaling. By taking advantage of these lower prices, you can leverage your real estate investment.
How is it Cost Effective to Buy and Sell in Colorado? Many people believe that purchasing property in one area will help them save money because of the “spread” between the purchase price and the closing costs. Purchasing property in two areas will increase the “spread”. While this may be true in some cases, Colorado real estate brokers and agents such as Tom Ullrich – Re/Max will agree that when you buy and sell in Fort Collins and Denver, you will save money regardless of whether you buy or sell within the cities.
What is a Real Estate Broker and Agent? A real estate broker or agent works on your behalf by helping you locate homes and real estate property for you to purchase. They will also help you negotiate the terms of the transaction. In most instances, you will hire a real estate broker/ agent who is actively involved in the buying and selling of homes and real estate in the greater Denver and Colorado Springs areas. If you are considering purchasing real estate in Colorado, you should contact a real estate broker and agent today. If you are considering a specific neighborhood, like homes for sale in Greenfield, contact a specialist in that area. With the help of a qualified real estate broker or agent, you will be able to find a home that fits into your budget and will meet your expectations.