There are many misunderstandings as to what exactly the benefits of using a licensed real estate agent when buying a home. For most people the purchase of a home is the largest financial undertaking they will pursue. With that considered it is hard to believe that some people choose to take it on themselves, here are a few reasons that is a poor decision when buying a home
- Without an agent you will be making offers on
properties where the seller is represented by a knowledgeable agent who is
working for the SELLER, the selling agent owes no fiduciary duties to you as a
buyer and will do everything in their power to negotiate all of the terms in
the agreement to the benefit of the seller
- Real estate agents are fully licensed by RECA
the real estate council of Alberta and must abide by a strict code of ethics and
follow all the rules and regulations pursuant to the Real Estate Act of Alberta. We are
regulated by this body which further increases security in the sale on your
behalf
- Realtors are versed in contract law and
negotiation ensuring you are represented and protected in the best ways possible. Negotiating many terms and conditions in the purchase contract to YOUR benefit
- Realtors understand the market and the factors
that dictate value in a given property thereby ensuring you never pay too much
for your home and that you get good value in the transaction
- Your realtor acts as a facilitator of the real
estate transaction creating a “buffer” between you and the seller. This
eliminates the chance of a buyer “slipping up” and offering too much
information to the seller or sellers' realtor, resulting in losing
negotiation power
A realtor will:
- Identify the specific neighborhoods, type of
home, amenities, and determine what exactly you want in a home. All the while
making objective suggestions as to what your realistic expectations should be
- Assist you in obtaining a credible mortgage
broker who will pre qualify you before you begin looking and handle most of the
financing of your transaction
- Provide an understanding of the amount of
closing costs you will have to pay once the transaction is completed
- Help you stay objective throughout the purchase
process. Buying a home is a very emotional endeavor and by providing
objectivity a realtor can help you make clearer decisions
- If applicable handle all the details in selling
your current home, and make the transition to your new home much easier on you
- Assist you in obtaining a good lawyer who is
versed in real estate law, this lawyer will ensure the transfer of title is
completed quickly and efficiently
- Draft your offer to purchase to include powerful
exit clauses to insure you don’t get stuck in a sour deal as well as providing
guidance in decision making
- Assist you in finding a CERTIFIED AND LICENSED
HOME INSPECTOR. Unlike Realtors home inspectors do not have to be licensed to
perform home inspectors. Licensed home inspectors often offer a much more
thorough inspection of your property insuring you don’t discover any surprises
down the road
- Advise you in changing your mailing address and
informing all of your vendors of your address change
- Can assist you in finding a reputable moving company if need be
A Realtor is also a valuable asset when purchasing a new home. They can make sure negotiations run smoothly and ensure your represented and protected. Keep in mind sales asssociates for new home builders are working for the BUILDER not you.
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