If you currently own property and are thinking of placing it on the market, get informed about preparing your home for sale, pricing your property appropriately, marketing it effectively and learn everything you can about real estate sale process so you can maximize your chance of a profitable sale by avoiding costly marketing mistakes.
Since choosing a right property to buy starts with needs and desires and finishes with a sizable portion of your earnings used for paying for it, it's important to ensure that the property you choose both meets your needs and is a good "fit" with your financial situation.
Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved from the mortgage lender of your choice. This will officially address any questions about your eligibility, rate, terms and it will enable you to better negotiate for the property of your choice.
Today's real estate market holds great opportunities for those with the drive to find available information and learn more about this interesting marketplace. Every day, millions of dollars change hands in buying, selling and renting residential or commercial property. Time and money are invested and quality information and solid knowledge is very important before getting involved in large investment like that. For many people, real estate transaction is the largest single purchase that they may ever undertake, so it make sense to be informed before signing agreement that will have great impact on personal wealth and forever alter your destiny.
On this page you will find a great variety of links related to real estate. Feel free to explore and learn more about real estate marketplace and be prepared before your final decision and commitment.
Realtor.ca - Browse popular real estate website with high quality listing data, tools and resources to help you learn about the listed commercial and residential properties that may interest you. This Canadian real estate website also hosts profiles and contact information for all Canadian REALTORS®.
BRREA (Brantford Regional Real Estate Association) - This local real estate board is serving the Brantford and Brant County areas in all real estate transactions. Their services include providing resources on the latest industry trends, promoting the value of the REALTOR® in all real estate transactions, maintaining the Multiple Listing Service (MLS®/REALTOR.ca) and much more. Visit their web site for more info.
RECO (Real Estate Council of Ontario) - A major responsibility of the RECO involves registration of entities or persons seeking real estate broker or salesperson status in Ontario. The Council administers the Real Estate and Business Brokers Act (REBBA) and is involved with registration renewals, investigation and inspections, ethics/professional standards, and other activities that promote and enhance consumer protection. RECO also carries out various regulatory duties on behalf of the Ontario Ministry of Consumer and Business Services and the citizens of Ontario are its principal clients.
OREA (Ontario Real Estate Association)- The Ontario Real Estate Association was founded in 1922 to organize real estate activities, promote higher industry standards, protect general public and develop common goals in real estate industry across the province. OREA is the RECO nominee for developing and administering all real estate broker and salesperson registration courses in Ontario. Today, the OREA represents almost 70,000 real estate brokers and salespeople who are members of the province’s 39 real estate boards across Ontario. OREA serves its members through a variety of publications, educational programs, and special services.
CREA (Canadian Real Estate Association) - The Canadian Real Estate Association represent more than 100,000 real estate brokers, agents and salespeople, working through 100 real estate Boards and Associations across Canada to the federal government and its agencies on existing or proposed legislation that will affect those members, and/or impact homeownership. Organized real estate in Canada operates at three different levels. The real estate board generally operates at a local level. Provincial and territorial associations represent their province or territory and CREA represents the industry nationally and internationally. CREA also enhances member professionalism and ethics by providing national standards, including establishment of symbols of quality associated with using CREA brands and trademarks. The two primary national CREA trademarks are MLS® and REALTOR®.
REALTOR® Code (pdf file) - Not just anyone can call themselves a REALTOR®. Members must abide by the ethical standards laid out in the REALTOR® Code. To do so, real estate professionals must either be direct members of their association or be members of both their local real estate board and CREA, depending on the province.
Consumer Protection Ontario - Consumer Protection Ontario is an awareness program from Ontario's Ministry of Government and Consumer Services and other public organizations, known as administrative authorities, that promote consumer rights and public safety. The ministry and these administrative authorities enforce a number of Ontario's consumer protection and public safety laws, investigate alleged violations and handle complaints.
Familiarize yourself with the fundamentals of real estate before you invest in your first property.
Make sure your information is up to date. You have to know and be realistic about today's real estate market.
Location matters, so before you buy any real estate property, ensure that it's in a good location.
Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved.
Keep in mind, the commission is always negotiable upfront, before you sign a contract.
If you are working with agent, make it clear that you want the agent, not his/her assistants, to represent you.
Before you buy any real estate property, have it inspected by a professional home inspector.
If you are buying property with a partner, have a proper partnership agreement to protect both of you.
Make sure you read your listing or buyer’s agreement carefully before signing it.
Don’t skip the final walk-through to make sure that everything is done properly, and that the items you agreed should stay are still there.