Buying Colorado Springs Real Estate

What is a Buyer's Agent?

In any real estate transaction there are two sides. The sellers side and the buyers side.

When buying Colorado Springs real estate, here's how the process works. A home seller decides they want to sell their house.

Usually that seller will list thier home with a Colorado Springs Realtor. When the seller hires an agent, that real estate agent has a legal responsibility to represent that seller to the best of their ability. The agent is required to put that sellers interest before his own interests. (This is called a fiduciary responsibility.)

In Colorado, if you (as a buyer) approach a sellers agent to purchase a home, that agent can switch from being a sellers broker to being a "transaction broker." What that means is that legally the agent cannot give advice, recommendations, or advocate for either the buyer or the seller. That agent becomes a transaction facilitator, fighting for neither party.

But let me ask a question. Do you think--no matter how unintentionally--the former Sellers Agent might be a little in the Sellers corner since the seller hired him in the first place?

If you are a Colorado Springs Home Buyer, you really should consider finding a Realtor in Colorado Springs that you can like, trust and can work with to be your advocate. A buyer's agent is a real estate agent who stands in your corner to fight on your behalf.

What Comes Next?

A local real estate agent can help you through home buying process. We can also help you get the information you need to make an informed decision. Don't let the process get you down. You can make a decision that you are happy with.

Not interested in buying Colorado Springs real estate? Return home.