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JEROME GERAGHTY

GLO specializes in Real Estate and Business Law, including Real Estate Transactions, Buying and Selling a Home, Real Estate Investment and Landlord Issues; Business Formation and Development; and Contractor Issues and Mechanics’ Liens

 

Home Buying in Colorado: Without an Agent

Are you thinking of buying a home and considering going without a real estate agent? The Colorado Real Estate Commission (CREC) recommends seeking outside legal counsel in their standardized form contracts for buying and selling real estate. For many buyers, purchasing directly from a landlord, friend, or a listing on platforms like Zillow can be a cost-effective choice, but it’s also a significant legal and financial transaction that requires careful attention to detail.

Why Hire an Attorney for Your Home Purchase Without an Agent

A real estate purchase is often the largest transaction in a person’s life. Without an agent, hiring a real estate attorney can offer critical support, from navigating the initial offer to closing day.

In Denver’s competitive real estate market, buying without an agent can save thousands in broker fees.

If you choose to buy real estate without an agent, working with GLO means having a professional dedicated solely to protecting your financial interests, helping you understand complex legal jargon, and advising on aspects like when to order a survey or ways to save on insurance.

GLO’s Role in Direct Purchases Without an Agent

The primary service GLO offers is to prepare the contract offer you will submit to the Seller, ensuring it is correct and you understand all of the deadlines and requirements of the offer. GLO’s other services include:

  • Drafting, reviewing, and negotiating purchase contracts

  • Verifying that required disclosures have been received

  • Performing title commitment analysis

  • Reviewing HOA documents and due diligence

  • Tracking transaction deadlines to protect against contract breaches

  • Guiding you through inspection and disclosure compliance

  • Preparing transactional paperwork and reviewing closing documents

Benefits of Using GLO in Direct Transactions

  • Significant Savings: By avoiding broker fees, you could save thousands. For instance, purchasing a $500,000 property without a broker fee of 3% could save over $12,500.

  • Comprehensive Legal Support: GLO’s expertise helps prevent potential legal and financial issues from arising.

  • Experienced Guidance: GLO’s extensive experience in direct transactions helps you avoid common pitfalls and reach the best possible outcome.

Work with GLO

Buying a home without an agent is an increasingly popular choice in Colorado but comes with potential challenges. Having a qualified attorney ensures that every detail is handled properly, protecting your interests throughout the transaction.

Contact GLO to discuss your real estate needs and learn how our expertise can make your transaction as smooth and successful as possible.

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Featured
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