The Colorado Buyers Agents Association (CBBA) has updated their home buying and relocation guide for individuals looking to buy property and move to Colorado Springs, CO.
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The updated CBAA guide provides insightful information on the community and the home buying process, as well as on how to find the right buyer’s agent. It also includes details on how a dedicated real estate agent can help buyers navigate the dynamic Colorado Springs real estate market, connecting them with the property that meets their budget, needs, and preferences.
More information can be found at https://homebuyerscolorado.org/colorado-springs-property
Identifying a buyer’s agent to work with is one of the crucial first steps in buying a home. While not required by law, hiring an agent can help home buyers have a smooth real estate experience and relieve them of the stress that comes with the process.
As part of their duty, buyers’ agents leverage their extensive market knowledge to help clients find the right property faster. They can also handle communication with sellers' agents, assist in finding the right financing, and negotiate strongly on behalf of their clients. In addition, buyer’s agents are experts in crafting offer strategies and in managing the considerable paperwork that comes with the transaction.
The CBAA is an association of Colorado real estate agents dedicated to serving home buyers. As buyer’s agents, these professionals will offer a buyer's agent agreement that will outline exactly how they will work for their client., and how they will get compensated. Their main focus is to help their clients find the perfect home that meets their criteria.
Home buyers in Colorado Springs looking for a qualified agent can leverage the CBAA platform. This platform provides a list of vetted buyer's agents who have undergone the association's evaluation process. To ensure a perfect fit, interviewing at least two recommended agents is highly encouraged.
The CBAA is also providing a new guide on crucial new regulations concerning buyer’s agent fees, found here https://homebuyerscolorado.org/how-colorado-buyers-agents-get-paid
With the landmark settlement between home sellers and the National Association of Realtors in March, 2024, new rules regarding buyer’s agents’ fees have been proposed and further rulings from the Department of Justice are expected in August 2024.
As a result of the settlement, buyer’s agents must have written agreements for buyer agency, and brokers will have several options on how to receive their fees, which they need to work out with their clients. In interviewing potential agents, buyers are encouraged to ask the question, “How do you get paid?”
According to a spokesperson from the CBAA, “With the new ruling, it is expected that buyer agents will more clearly outline what they are willing to do for their commission, and how they will get it. They must justify that their compensation is fair and reasonable for the amount of work they will put in and the kinds of skills they bring to the table.”
Additional details can be found at https://homebuyerscolorado.org/find-buyers-agent
Contact Info:
Name: Kathleen-Chiras
Email: Send Email
Organization: Colorado Buyers Agents Association managed by Skyfor, Inc.
Address: 7652 Gartner Rd., Evergreen, CO 80439, United States
Phone: +1-800-383-7188
Website: https://homebuyerscolorado.org
Source: PressCable
Release ID: 89130517
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