Though the real estate market is not as hot as it was five years ago, banking rates of interest are still low, so a mortgage will not be too expensive. With every real estate purchase, it is more vital than ever to make informed decisions and secure the best deal possible.
If you wish to work with an experienced realtor, that is typically a good idea. The broker will sit down with you to determine exactly what you want to purchase, where you want to buy it, and how much you want to pay. He’ll generally be able to answer all of your queries, such as what a condo’s resale value is compared to a house.
If you give the agent the go-light, you’ll sign the contract with his agency, committing to him finding you a home. He’ll then search the MLS sold data Toronto (multiple listing service) websites for properties that match your criteria. He’ll send them to you, and if you want to see them in person, he’ll set up appointments for you and accompany you (or even drive you) to the homes. He’ll also walk you through the rooms and give you advice.
Should you decide to make an offer, the realtor will guide you through the whole procedure. He will fill out the offer form for you and discuss the terms with you.
He’ll have done comparisons on recently sold residences in the neighborhood to ensure that the price you propose is reasonable but not as high as the seller desires. At the start of a negotiation, it’s all about market value. He’ll also tell you how much of a deposit check you’ll need to accompany the offer. The realtor will communicate with you and the seller until the transaction is completed to your satisfaction.
If the seller agrees, the realtor will accompany you to the property for a home inspection and will also help you through any issues that arise and how to resolve them.
He’ll also assist you with the paperwork. He’ll also assist you in choosing a lawyer and any other persons you’ll need on your side if required.
Buying real estate with the assistance of a registered realtor provides you the assurance that you are working with a professional who will guide you through the whole process.