Wondering What to Expect From Your Northern Colorado Real Estate Agent When Selling Your Home?

One of the first things you should do as a seller when deciding whether to work with a Northern Colorado Real Estate Agent is to review the Colorado Exclusive Right to Sell Listing Contract.

Doing this will help you clearly understand what to expect from an agent. A conscientious agent will have one in hand when you contemplate the decision to have the real estate agent represent you in the sale of your home. The document will explain the way the agent is required to function and what his responsibilities are to you. It will also contain information as to what your obligations as a seller are as well, but that will be the topic of another blog.

Two Ways a Northern Colorado Real Estate Agent Can Represent a Seller

1. Seller's Agent: In brief, a seller’s agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity.
2. Transaction-Broker: 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 and processing the sale.

Here is the specific language found in the Colorado Real Estate Exclusive Right to Buy Listing Contract — regarding Broker Duties to The Seller:

5.  BROKERAGE DUTIES. Brokerage Firm, acting through Broker, as either a Transaction-Broker or a Seller’s Agent, shall perform the following Uniform Duties when working with Seller:

• 5.1.   Broker shall exercise reasonable skill and care for Seller, including, but not limited to the following:
• 5.1.1.   Performing the terms of any written or oral agreement with Seller;
• 5.1.2.   Presenting all offers to and from Seller in a timely manner regardless of whether the Property is subject to a contract for Sale;
• 5.1.3.   Disclosing to Seller adverse material facts actually known by Broker;
• 5.1.4.   Advising Seller regarding the transaction and advising Seller to obtain expert advice as to material matters about which Broker knows but the specifics of which are beyond the expertise of Broker;
• 5.1.5.   Accounting in a timely manner for all money and property received; and
• 5.1.6.   Keeping Seller fully informed regarding the transaction.
• 5.2.   Broker shall not disclose the following information without the informed consent of Seller:
• 5.2.1.   That Seller is willing to accept less than the asking price for the Property;
• 5.2.2.   What the motivating factors are for Seller to sell the Property;
• 5.2.3.   That Seller will agree to financing terms other than those offered;
• 5.2.4.   Any material information about Seller unless disclosure is required by law or failure to disclose such information would constitute fraud or dishonest dealing; or
• 5.2.5.   Any facts or suspicions regarding circumstances that could psychologically impact or stigmatize the Property.

Be Knowledgeable Through the Process

Knowledge is power and selling a home can be a daunting task. Having the above information that I have laid out here gives you, the seller, a head start as you begin to interview Northern Colorado Real Estate Agents to help you sell your home.

Finally, I recommend you also read our page on Things you Need to Know when Selling your Home — I guarantee it will be helpful.

I would be glad to answer any questions you might have regarding getting started selling your home. There are a lot of folks out there who are looking to buy homes in Loveland, Fort Collins, Timnath, Berthoud and Windsor – and at some price points, sellers will be enjoying a seller’s market. With interest rates the way they are, people are motivated to buy in a big way. Please give us a call at 970-412-1657 or contact us and we will outline how we can market and sell your home here.