Why Use A Realtor?
Why Have A Team? - From "The ABC's of Real Estate Investing"
"Having a team of experts on call is not free and is not cheap. Those are the two biggest reasons why many inexperienced investors make a rookie mistake: They try and do almost everything themselves. Sure, they may save a few dollars in the short run, but they usually lose in the long run. Without experts on your team, deals take longer to find, evaluate, and close, so there's the value of your time and the loss of valuable opportunities. Do-it-yourselfers miss details that experts would see in a minute, like clauses missing in contracts, obvious defects in construction, and hundreds if not thousands of other issues experts would point out up front.
An expert team on your side means you'll have fewer surprises as you wade through the sometimes turbulent water of purchasing and managing a property. Surprises are wonderful on birthdays, but the kinds of surprises that come from and investment property are usually not very welcome."
A REALTOR® is a licensed real estate professional who is a member of a local real estate board, The Canadian Real Estate Association (CREA) and a provincial association. A REALTOR® has successfully completed an intensive course of study and has skills, knowledge and experience in real estate transactions. They must adhere to provincial law and abide by a REALTOR® Code of Ethics, ensuring a high level of service, honesty and integrity.
Buying or selling a home is a big business transaction. That's why it's so important to select an experienced team of experts and professionals including a REALTOR® you can trust. If you're buying, you'll find the services of a REALTOR® invaluable in helping locate the property that's right for you. If you're selling, talk to a REALTOR® for sound advice on when to sell your home in the least amount of time for the best possible price.
If you are willing, we would like to aide you in your search for a home. Allow me to explain some of the benefits of enlisting our services for your real estate search.
- You will receive full details on all new listings that match what you are looking for IMMEDIATELY as they hit the system, and well before they are available for public viewing on MLS.CA.
- You will receive new listings from our office that haven't hit the system yet (even before the other Real Estate Offices).
- We are committed to negotiating solely on your behalf to get you the best deal.
- We will provide you with a full evaluation on any properties you wish to offer on (so you know how much to offer), as well as a strategy for having your offer accepted at the lowest possible price.
- We will present all offers in person to negotiate (not by fax).
- We will walk you through the entire home buying process and be there for you every step of the way.
- We are paid by the Seller, and work for you at NO COST TO YOU.
Finding a REALTOR who is right for you
There are lots of ways to find a REALTOR. As you drive through prospective neighbourhoods, jot down the names and numbers of REALTORS on the For Sale signs. Open Houses are a great way to meet face-to-face. Make sure to ask your friends or family members. Maybe they have worked with a REALTOR they love.
Interview two or three REALTORS, ask them for references from clients and then pick the REALTOR you like best.
Once you select your REALTOR, you will enter a relationship with a real estate brokerage. The relationship between a real estate brokerage and a client is called "Agency" and there are three major kinds.
Seller (Vendor) Agency
The real estate brokerage and all its REALTORS represent the seller exclusively and it's their job to get the best offer on the home. They are legally obliged to tell the seller anything known about a buyer. For instance, if a seller's REALTOR knows a buyer will pay more for a property, they must tell the seller.
Buyer (Purchaser) Agency
The real estate brokerage and all its REALTORS represent the buyer exclusively. They seek out homes that meet the buyer's needs and help assess the merits and defects of potential homes. They keep the buyer's information confidential and never disclose information like the maximum amount their buyer is willing to pay. You may be asked by your REALTOR to sign a buyer agency agreement. In fact, in some provinces, REALTORS are required to ask you - for your own protection. This agreement ensures that the REALTOR and the brokerage can look after your best interests.
Sometimes, a brokerage may have an agency relationship with the buyer and the seller. Both the seller and the buyer must give their informed consent, and the REALTOR must always provide full and timely disclosure of all pertinent information to both parties.
Sell and buy with the same REALTOR?
Absolutely! Especially if you're remaining in the same community. Your REALTOR is already an expert on your needs, so it can save you a lot of time and energy.
Stick with your REALTOR
One dream, one team. The REALTOR you select will become an expert on your specific needs and tastes. Scattering your time and energy amongst multiple REALTORS will work against your goal of finding your best home. And because most REALTORS have equal access to the same property listings, there's no real advantage to having multiple REALTORS.
Source: Canadian Real Estate Association, www.howrealtorshelp.ca
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HERE'S HOW TO GET THE MOST OUT OF WORKING WITH A REALTOR:
- make a list of what you're looking for in a home. Divide it into needs and wants;
- reveal all your needs at the outset. You may change your priorities, but don't change your requirements daily. Let your REALTOR know your financial capabilities so they don't waste time showing you homes you can't afford;
- keep appointments and be on time. Allow enough time to carefully view properties;
- make a list of questions and ask them for every property you view;
- when you find a home you like, review all the details with your REALTOR to ensure it includes everything you want.
- Be accurate, honest, prompt and cooperative. With your help, your REALTOR can provide you with excellent service.
(Source: Real Estate Board of Greater Vancouver)
© The Vancouver Sun 2007