Making offers with an agent can help put your mind at ease, since agents know the correct forms, the right legal verbiage and they will make sure your contingencies are included to help preserve your deposit in the event that the deal falls through. If you plan on doing this on your own without any real estate or law experience, you could be seriously endangering yourself and your interest in the property.

Negotiating – Once you make your offer, you’re likely to get one of three responses; an acceptance, a counter-offer or a “no” (which usually comes in the form of complete silence). Unless you plan on offering full price or something very attractive for the seller, you’ll usually wind up with a counter-offer. This is where a real estate agent really knows how to shine, since they understand not only market values of properties, but how much wiggle room there is in negotiations, and how to make your offer the “best” without necessarily making it the “highest.” Negotiating directly with the seller or the listing agent can put you at an extreme disadvantage for quite a few reasons; you have no one to bounce ideas off of. It’s you and you alone making these offers, you may have your spouse or advice from your family, but even if your valuation is fair, you don’t have a professional to back you up. Secondly, if you’re dealing with the listing agent directly, you may find yourself being pressured, pushed and convinced in a different direction. Real estate agents are master salespeople, and if you don’t have one on your side then you need to be able to push back. Lastly, real estate agents can help add a buffer to the negotiations. A lot of times negotiations can get a bit intense and even emotional. Agents understand how to minimize issues and to keep disagreements from becoming personal.

Protecting your Interests – Unless you plan on making offers on FSBO properties only, you will be dealing with the listing agent, who has been hired by, and is being paid by the homeowner. If you walk into the deal without an agent of your own, the listing agent then becomes the transaction broker or a dual agent, which is supposed to transfer their responsibility to both the seller and buyer. The thing about that is the seller is paying the commission for the agents either way, so you’re actually not saving yourself any money by eliminating your representation.Making offers with an agent can help put your mind at ease, since agents know the correct forms, the right legal verbiage and they will make sure your contingencies are included to help preserve your deposit in the event that the deal falls through. If you plan on doing this on your own without any real estate or law experience, you could be seriously endangering yourself and your interest in the property.

Negotiating – Once you make your offer, you’re likely to get one of three responses; an acceptance, a counter-offer or a “no” (which usually comes in the form of complete silence). Unless you plan on offering full price or something very attractive for the seller, you’ll usually wind up with a counter-offer. This is where a real estate agent really knows how to shine, since they understand not only market values of properties, but how much wiggle room there is in negotiations, and how to make your offer the “best” without necessarily making it the “highest.” Negotiating directly with the seller or the listing agent can put you at an extreme disadvantage for quite a few reasons; you have no one to bounce ideas off of. It’s you and you alone making these offers, you may have your spouse or advice from your family, but even if your valuation is fair, you don’t have a professional to back you up. Secondly, if you’re dealing with the listing agent directly, you may find yourself being pressured, pushed and convinced in a different direction. Real estate agents are master salespeople, and if you don’t have one on your side then you need to be able to push back. Lastly, real estate agents can help add a buffer to the negotiations. A lot of times negotiations can get a bit intense and even emotional. Agents understand how to minimize issues and to keep disagreements from becoming personal.

Protecting your Interests – Unless you plan on making offers on FSBO Cherry Creek homes for sale only, you will be dealing with the listing agent, who has been hired by, and is being paid by the homeowner. If you walk into the deal without an agent of your own, the listing agent then becomes the transaction broker or a dual agent, which is supposed to transfer their responsibility to both the seller and buyer. The thing about that is the seller is paying the commission for the agents either way, so you’re actually not saving yourself any money by eliminating your representation.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

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