If you are looking to facilitate a For Sale By Owner, there are many resources on the Internet which will provide guidance. I suggest a Google serach "For Sale By Owner Colorado Real Estate: or similar. If you are searching for guidance concerning the hiring of a real estate broker, here is what I advise to clients.
Interview three (3) brokers: I usually suggest interviewing three brokers to ascertain a comfort level and to whom you will feel more comfortable with. The reality is selling a home is a partnership and both parties need to have a good working relationship as the process is complex and time-consuming. Thus you want to feel comfortable as you would in a business partnership.
Finding the Brokers: Look around your neighborhood and see which brokers have signs. Visit some open-houses, ask friends for referrals, use this board. There are thousands of brokers in Metro Denver. However you should consider one that is 1) familiar with your neighborhood, 2) have a track record of successful sales and closings, 3) can provide guidance and finally with whom you feel comfortable working with.
The Working Relationship: To be honest I view the working relationship as a two-way street. Not only do you have to feel comfortable and confident with the broker, the broker must feel comfortable as well to insure success. Personally I have turned away and/or referred potential clients when I knew our working relationship may be challenged of expectations on either side were not realistic. Remember your relationship will most likely endure at minimum a few months.
Broker Background: Most brokers have access to the same Multilist http://(www.REColorado.com
) services and marketing options. It is best when interviewing a potential broker to ask questions including their marketing strategies, values in the neighborhood and so forth. Again this is a multi-month process and one that should not be taken lightly.
Commission: Brokers are paid on commission and as in most transactions I truly believe you get what you pay for. I for one rarely discount my commission as I am full-service and offer my clients 110% of my time and effort. However a discount or limited service brokerage may be better suited for your situation, thus again interview multiple brokers. Of note commissions are usually paid at closing thus if a broker asks for up-front $$ or similar, be skeptical, just one brokers opinion.
The selling and buying of a home can be stressful. It is important you consider the working relationship as paramount. Anyone can provide a Competitive Market Analysis and updates, however it is best you choose a broker and/or team you will feel most comfortable with for your transaction.
If you have an attorney or accountant? Consider contacting them to assist with advice. Upon the sale do you plan to move-up or down concerning residence, possibly rental? Do you understand the tax implications of a sale? While a broker may be able to advise, in such situations legal and financial adviser may offer an added benefit.
Good luck and wishing you the best of success.