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Larry Hotz, Kentwood Real Estate, Greenwood Village, Colorado

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You are here: Home / Home Buying / Buyer Broker Advantages

Buyer Broker Advantages

AS A BUYER’S BROKER, LARRY HOTZ CAN SAVE YOU TIME AND MONEY

The major difference between a Buyer Agent or Buyer Broker and a Transaction Broker in Colorado is that the Buyer Broker can advocate on behalf of the client. larryhotz_office

A Transaction Broker merely communicates the positions adopted by the parties to each other. The Buyer Broker actually helps to craft and implement a negotiation strategy on behalf of the client. Because the client enjoys a fiduciary relationship with the Buyer Broker, the Broker must seek the best terms for the client.

Here’s how:

1. Locating suitable homes from public and private sources.

2. Previewing those homes and providing photos or video.

3. Providing a preliminary opinion about the property’s condition.

4. Providing a list of necessary expert inspectors.

5. Providing loan pre-qualification.

6. Determining taxes and utility bills.

7. Providing a written analysis on the home’s value.

8. Helping clients structure an advantageous offer.

9.Advocating a compelling offer presentation to the listing broker.

10. Negotiating favorable specific terms to the Buyer’s advantage.

11. Explainingclosing documents and examining them for errors.

12. Providing a list of reliable and competitive lenders.

13. Providing buyers and their attorney advice about title issues and survey issues.

14. Referring well-reputed vendors for everything from decorating to moving services.

15. Helping to analyze the potential future saleability of the property.

Read what the Colorado Real Estate Commission Manual says about the differences between Transaction Brokerage and Buyer Brokerage.

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Copyright 2000-2020 by Loren Hotz. All Rights Reserved. Loren (Larry) is a Broker Associate of The Hotz Group at Kentwood Real Estate. Some articles on this real estate blog were written by Brokers employed by various brokerages including Kentwood Real Estate as identified. Unless otherwise identified, luxury Denver real estate market statistics were provide by the Denver MLS search company, ReColorado.