For
Buyers
Finding the right agent
You want to find the right home, in the right location, at the
right price - and you want to do it quickly, with minimum hassle.
The best way to do that is to work with a professional realtor
who understands your wants and needs, your time frame and your
financial boundaries.
Why work with an agent?
- You'll save time. An agent can pinpoint homes that fit your
needs and dismiss those that don't.
- You benefit from an experienced negotiator. Your agent will
manage your offers and counter-offers, ensuring that you get
the best possible price for your home.
- You'll get the right information. Your agent knows the neighbourhood
and can give you accurate information on local real estate values,
taxes, utility costs, services and amenities.
- You can always count on great advice. Because your agent is
familiar with the entire home purchasing process, he or she
can advise you of your legal and financial options, and recommend
appraisal, home inspection and contracting services.
Choose an agent who understands your needs
Here are a few questions to ask to help you determine if an agent
is right for you:
- Will you be representing my interests?
- Do you have access to MLS information?
- Will you provide market evidence to support the price?
- Will you look after closing and possession details?
- Can you be contacted at any time?
The elements of an offer
Here's a quick reference to everything you need to know about
making an on offer on a property.
1. Price
Depends on the market and the buyers, but generally, the price
offered is different from the asking price.
2. Deposit
Shows the buyer's good faith and will be applied against the purchase
price of the home when the sale closes. Your agent can advise
you on a suitable amount to offer.
3. Terms
Includes the total price the buyer is offering as well as the
financing details. The buyer may be arranging his/her own financing
or may ask to assume your existing mortgage if you have an attractive
rate.
4. Conditions
These might include "subject to home inspection," "subject
to the buyer obtaining financing," or "subject to the
sale of the purchaser's property."
5. Inclusions and exclusions
These may include appliances and certain fixtures or decorative
items, such as window coverings or light fixtures.
6. Closing or possession date
Generally, the day the title of the property is transferred to
the buyer and funds are received by the seller, unless otherwise
specified (except in Manitoba and Quebec).
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