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Working with Out-of-State Buyers

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

My website attracts many visitors each month, and some potential buyers and sellers sign up to receive information.   In today's times, where everyone wants to remain anonymous, I am excited when someone wants more information!

The CRS designation gave me many tools to assist those coming from out of state, or even out of the country!    Not two states do the same thing, and sometimes can be difficult to explain to clients!    Contracts, processes, zoning, inspections, construction, and even who you close with can differ.     This all needs to be relayed to clients.

I have buyers coming in later this week for 4 days to look for horse property and live in Michigan.    Our Colorado Association of REALTORS has a few documents that are so helpful to upload into CTM (our digital contracts) and email to clients prior to their arrival.     Some of these documents share the process and what to expect, and one document explains our new "touring agreement", or the need for a buyer's agency.   Colorado has always required the buyer agency to be signed if we work for the buyer as their agent as soon as possible.

It is always interesting while touring homes to hear how things differ in their state from ours.   Some can be only minor, but other items are fairly significant.

I already reminded them to drink lots of water 2-3 days prior to arrival, and don't stop while they are here to avoid altitude sickness.

Posted by

Joan Cox
Broker/Owner, REALTOR®
House to Home, Inc.

Serving the Denver Metro area including all suburbs


Helping Buyers and Sellers achieve their real estate dreams, one house at a time!

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Comments(26)

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Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Nov 03, 2024 03:36 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Joan - buying a property in any area can present "moments" that may be frustrating, confusing and complicated.  Proper upfront preparation can be helpful.  While it is unlikely to eliminate those things, it can reduce the stress especially when it is an out-of-state move.  

Nov 03, 2024 03:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Good morning, Joan... the only good thing that came out of the NAR settlement is that all states now need to have buyer agency.  It used to be difficult to explain to people moving from states that didn't have it to North or South Carolina why we had agency.

PS thanks for the reminder to drink water when I'm in Golden next month! It's been a while since I was in Colorado.

Nov 03, 2024 04:51 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Jason. It is indeed interesting to learn about policies in other states. Sometimes the more things appear different the more they are the same, just different wording. Like the tip about drinking water. Enjoy your day.

Nov 03, 2024 04:56 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

It is definitely important to remember that not every state/town does things the same and clients may not be familiar with local processes. Sharing that information should be a must for all!

Nov 03, 2024 06:07 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Joan and you always pick up people from your website, that is so good.  My website just does not pick up buyers.

 

Nov 03, 2024 07:14 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Isn't it interesting that we have 50 ways of selling real estate in this country! 

Nov 04, 2024 05:20 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Communication, no matter the subject, always a must for all parties to be moving in the same direction.  m

Nov 04, 2024 01:25 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed Silva, 203-206-0754 I was surprised at how much research these buyers did before looking at homes.   They have only been to Colorado to ski, not really into Denver, but know where important stuff is.

Nov 04, 2024 03:37 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kathy, drinking water here is mandatory before arrival, or you could have some issues.   It is how funny the process is different in every state.

Nov 04, 2024 03:37 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Richard.

Nov 04, 2024 03:38 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, hopefully I can assist with lowering their stress level moving into Colorado.

Nov 04, 2024 03:38 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina Hollander, Broker SO sad I won't be here when you come in CO!!!!   The buyer agency should have "been a thing" in all states long ago.   CO adopted that for as long as I have been a REALTOR.

Nov 04, 2024 03:41 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wayne, every state has their own interesting facts.

Nov 04, 2024 03:41 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, I bet when you moved from NY to MT the processes were different!   I know I almost moved to FL, and although we were similar in many ways, there were many things that were different.

Nov 04, 2024 03:42 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Will, it has been fewer and fewer that people sign up nowadays.   They want to stay anonymous.

Nov 04, 2024 03:43 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lise, I do find it amazing, and if we are all in the US, why wouldn't the process be the same?

Nov 04, 2024 03:43 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Mark, isn't that the truth, communication will always be KEY!

Nov 04, 2024 03:44 PM
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

Good luck with them Joan!

Nov 05, 2024 01:45 PM
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

Working in global city- buyers are often coming from everywhere. Since Covid though it's been mostly local buyers- though that is beginning to change. This summer I was working with a teenager from southeast asia who bought a beautiful condo. Working with an overseas buyer was not unusual- but the young age threw me for a loop. 

While some of our suburbs have co-op's, some of our property types are unique or rare to find elsewhere- so I have to prepare buyers for the unique inventory. Condo's, Co-op's, Condops, Condotels, HDFC's, HDC's, Townhouses, SRO's, Land Lease Co-op's, etc. - buyers don't realize what's what, and the only public listing site that helps is Streeteasy- and unless you spend a lot of time here- you might not have even heard of the site (owned by Zillow). 

 

No one warned me when I visited Colorado the first time and I had some minor issues.

Nov 07, 2024 09:15 AM