One of my top priorities as a Realtor is to make sure I continually educate and update myself. I devote approximately 20 hours a year, at least, to my continuing education. I hold many speciality real estate designations earned by taking extensive course work in each designated specialty. One of my most valued specialty designations is Accredited Buyer’s Representative (ABR). I am not the only Realtor who feels the value of earning this designation. This designation was ranked #1 as having the most value in a recent survey of members who hold the ABR designation.
Below is a list of questions republished from the July issue of Today’s Buyer’s Rep published by the National Association of Realtors . Buyers should ask themselves these questions as they make a decision about seeking representation in today’s real estate market. My sincere belief is that my expertise is a huge asset and brings value to the table for buyers in today’s confusing and challenging real estate marketplace.
1. D o I have time to not only research the residential housing market but also understand the best type of property to purchase based upon my needs?
2. Do I have access to the most up-to-date and comprehensive information on properties for sale?
3. Do I understand how to accurately interpret market data? (For example, how to compile and evaluate actual sales data and absorption rates?).
4. Do I know how to interpret this data in a way that will help me structure an attractive offer that has a reasonable chance of closing?
5. Do I understand real estate representation? The difference between being a client or a customer? What rights and duties come with representation and who is loyal to the seller versus the buyer? In other words, have I researched the value of formalizing a relationship with a buyer’s agent?
6. Am I familiar with the common residential real estate contract and how to interpret various clauses to best protect myself from making common buyer mistakes?
7. Do I have the expertise to negotiate on my own behalf when, for the most part, the seller’s side has a real estate professional assisting the seller with negotiations?
8. Do I have the ability to find a qualified home inspector? What about other qualified professionals needed in the real estate transaction?
9. Do I have time to research current home loan programs and determine which one is best for me?
10. Do I know the zoning regulations and building codes pertaining to residential real estate in the area I am interested in moving to? Do I understand how this may impact my plans to use or modify the property I want to purchase?
These issues and more may come up during the home buying process. If you have questions please don’t hesitate to contact me. It would be my pleasure to assist you as a Buyer’s Agent as you look for property in the Durango, Colorado area.
If you have any questions, please do not hesitate to call me. You can reach me, Don Ricedorff, at The Wells Group 970-375-7014, don@frontier.net, or at my website at durangorealproperty.com.
CRS, Certified Residential Specialist
CRB, Certified Residential Broker
CCIM, Certified Commercial Investment Member
CDPE, Certified Distressed Property Expert
ABR, Accredited Buyer Representation
GRI, Graduate of Realtor Institute
RSPS, Resort and Second Home Property Specialist
CIPS, Certified International Property Specialist
SRES, Senior Real Estate Specialist
He is also an active volunteer in the community and his church. His highest aspiration is spending time with his wife, Janet, and his three children Kelly, Katie, and Kyle. His other interests include playing tennis, fly fishing, hiking, boating, and water skiing.
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