PROTECT YOUR BEST INTERESTS - HIRE YOUR OWN AGENT
it comes to buying a home, the most important thing you can do is have
someone on your side looking out for your best interests. For
a purchase as important as buying a house, you'll want to be treated
fairly and kept informed of all the rules and regulations that affect
you. You'll also want to be sure that you get a fair price on the home
you buy. Hire a professional realtor to help you throughout the
process. Realtors have the qualifications, resources and experience to
in your price range and homes that match your individual needs. They
can help you make
a successful purchase in a relatively fast and painless manner. Real
estate agent can help you understand property financing, taxes,
and the steps you'll have to take to complete a real estate transaction.
By Realtor, we mean a licensed real estate
who is a member of a local real estate board as well as the Canadian
Estate Association (CREA) and, in Ontario, the Ontario Real Estate
(OREA). When you work with a Realtor, you can expect strict adherence
provincial law and to a national code of ethics.
Your goal should be to work with the best real estate agent you can find. It pays to shop
for this individual. It
is important to know in advance who the real estate agent is working
for. Don't just go with the listing agent for the house you want to
buy, because that listing agent is working for the home seller.
Buying a home is a very complex procedure involving large sums of
stringent legal requirements, with the potential for making some very
mistakes. Protect your best interest and hire your own agent.
When you start looking for an agent, you'll find a great number of real estate agents who are eager to sell you a home. So, how do you find an agent to work for you and protect your interests?
Begin by asking for recommendations from friends, colleagues, and
relatives who have purchased homes recently. Don't be swayed by an
agent's number of years in business, or high sales volume. Interview
more than one agent before selecting one to represent you, but don't
feel that you absolutely must talk to several agents before making a
choice. If you find an agent with whom you are compatible, whom you
trust implicitly, who is knowledgeable and who knows the area where you
want to live, search no more.
you decide to buy house now or in near future, pick an agent you feel
comfortable with and enlist the services of that agent as a buyer's
broker. Then you become a client with all the rights, benefits and
privileges created by this agency relationship, and you're no longer
just a shopper.
you have a deadline by which you must buy, let your agent know. Also
make it clear that you want the agent, not his or her assistants, to
Don't be afraid to ask questions, especially about any possible service
charges. Vendors normally pay a commission to the agent but some agents
charge buyers a fee for their service. Discuss fees, so you'll have a
clear understanding of how, and how much, your agent will earn.
can save substantial time by allowing the Realtor to “preview”
that fit your budget and expectations. This way, you may only have to
a handful of homes to make a wise and informed selection. It is good
idea to present your list of housing wants and needs so your agent can
narrow the search for your perfect home. Discuss your target home price
to avoid wasting time on homes that are outside your price range. If
you haven't already been pre-approved for a mortgage, ask your agent to
identify possible lenders. Expect to answer personal questions about
When you are ready to buy house, a Realtor will draw up an offer to purchase and assist with all details required
to make a successful transaction, including when to bring in other
professionals (lawyer, lender, home inspector, insurance broker and others).
If you would like to know more about a real estate agent's ethical
obligations, click on the link below to visit the Canadian Real Estate
Association's web site or call your local real estate association.
Real Estate Tips
Canadian Real Estate