At times, home buyers may find that they are not the only party interested in purchasing a property. This situation of competing offers, calls for buyers to be more prepared and better educated on the process.
Buying a home is a big decision – whether it’s your first home or a vacation home. To help you make smart decisions, it’s important to think with your head and not your heart. Theses tips from the Real Estate Council of Ontario (RECO) will help you be home smart when you’re in the market to buy.
The cost of energy is not getting cheaper and likely will be taking a larger part of your paycheck in the near future. Did you know that there are many rebates available that can save you thousands of dollars, reduce your energy costs and support home renovations? Now is the time to take a good look at your furnace, insulation and other renovations you have been putting on the back burner. You shouldn’t pass up the variety of grants that may be available to you and yours.
If you have a trusted friend or family member who is a broker or salesperson, working with them can be a good option when you want to buy or sell a home. But, just as you can’t get a “private surgery” or “private legal advice” that aren’t subject to rules of professional conduct, there is no such thing as a private real estate service.
The steps involved in buying or selling a home can seem overwhelming, and that’s especially true when deals happen fast. A recent survey by the Real Estate Council of Ontario (RECO) found that the majority of Ontarians who bought or sold a home in the last five years weren’t in the market for very long.
Buying a home includes a number of key steps and the process can sometimes be tricky. Your real estate salesperson can answer your questions and guide you to the finish line. In the meantime, however, here are a few actions you will need to take before you can move into your new home.
A buyer representation agreement (BRA) is a contract that binds you to work exclusively with one real estate brokerage for an agreed-upon period of time when you’re in the market to buy a home.
Real estate terminology isn’t always clear and understandable. If you’re thinking of buying a condo or co-op, I strongly recommend working closely with a registered real estate salesperson who can answer your questions, and explain the meaning of certain terms. And when you find the right salesperson for you, make sure you’re open and honest about your budget and the dwelling or ownership model that’s the best fit for your lifestyle.
Whenever you buy a property, I strongly recommend performing your own due diligence (that may include getting a home inspection done), and working closely with your salesperson. That means talking openly about your needs and expectations and getting clarifications for any terms that you don’t fully understand.