Why Use a Realtor?
Buying Real Estate will be the largest purchase of your life. It can certainly be a great investment, however it’s also important to understand the risks, complications, and problems that can occur during the process. Realtors are professionals trained and experienced to help find you a great home as well as make the process as seamless as possible.
You are not obligated to use a Sales Representative when buying Real Estate, however it is very much recommended. Realtors have experience, an understanding of the market, and access to tools, you as a client couldn’t access otherwise. A good Realtor will have many roles in assisting you in purchasing a home, some of which include:
- Understanding your wants and needs, budget etc.
- Locating potential homes
- Completing Comparative Market Analysis’ and assisting you in deciding on an offer you’re comfortable with
- Negotiating on your behalf (including price, closing, conditions etc.) • Helping you understand conditions and closing costs
- Providing a network of professionals during the buying process, as well as after closing (Mortgage Brokers, Lawyers, Home Inspectors, Tradesmen etc.)
Prioritizing Wants and Needs
Every item on your “want” list will increase your budget. Prioritizing what features are important and what can be sacrificed is the key.
Location is one feature that can not be changed or renovated. Regardless of whether or not you have children at the time, something like the school district your home belongs to can greatly affect your future value.
Property Type (House vs. Condo)
The on-going debate between paying condo fees vs. maintaining your home. If your time is more valuably spent somewhere other than regularly maintaining a property, perhaps condo fees are worth it to you.
Additional Property Features
Additional property features can include; amenities (if condo), outdoor space, parking, square footage required, bedrooms etc.