Buying or selling a home is a big business transaction. That’s why it’s so important to select, in advance, an experienced team of experts and professionals you can trust.
These skilled and knowledgeable individuals can vary, but usually include the services of a real estate professional, a lender, a lawyer, a home inspector and an insurance agent.
Along with my familiarity with the area, both professionally and personally, my extensive real estate knowledge and the experience allow me to stay cool, even in a hot real estate market. I have what it takes to help you every step of the way to ensure your real estate transaction goes smoothly and you achieve your home ownership dreams.
In Ontario, a licensed real estate professional is a member of a local real estate board as well as the Canadian Real Estate Association (CREA) and the Ontario Real Estate Association (OREA). In addition, having taken additional training, I am an Accredited Buyer Representative (ABR), serving the unique needs of the home buyer. When you work with a real estate professional, you can expect strict adherence to provincial law as well as to a code of ethics ensuring you’ll receive the highest level of service, honesty and integrity. When you are buying your home, I can help you determine how much house you can afford, offer advice on choosing the right neighbourhood and ensure your interests are best served during negotiations.
Few people buy a home for cash. Most home buyers usually combine savings with money borrowed through a financial arrangement called a mortgage. Be sure you have an understanding of the many mortgage options available today, so you can compare options and choose what is best for your needs. When deciding which financial institution or lender to deal with, start with your own bank, credit union or trust company. They already know who you are. If you are shopping around a mortgage broker/consultant is an ideal place to start. They specialize in mortgages and can offer some unique advice. One thing is for certain, you should begin your search for a lender when you start your search for a home.
Real Estate Lawyer
I recommend that you have a lawyer waiting in the wings, preferably one who specializes in real estate transactions, to review complicated documents such as the Agreement of Purchase and Sale. As a buyer, your lawyer will also ensure you receive clear title to the property and calculate the amount of land transfer tax you will be required to pay. When an agreement is reached, your lawyer will ensure you receive valid title to the property and that it is clear of any registered claims. He or she will also calculate any taxes and adjustments that will compensate the seller for money already paid on services and other matters related to the property.
As a buyer, you can avoid expensive surprises by bringing in a home inspector as a condition of your offer to purchase. The older the home, the more likely there will be problems. Being aware of any structural defects, will help you decide whether to buy the property at all, or negotiate a lower price to compensate for anticipated major repairs.
Creditors and mortgage lenders, almost without exception, require insurance on the home you buy. This insurance must be in place before any purchase can be finalized. Although you may be able to negotiate a better rate using the same insurance company you have other policies with, it still pays to shop around.
Tips for choosing your team
- Interview a minimum of three individuals in each field of expertise before choosing the right one. Real estate is a very competitive market; you can afford to be selective.
- Check their qualifications and record by asking for references.
- Question them in detail about their experience and familiarity with the kind of real estate transaction you require their services for. Are they familiar with the neighborhood you are buying or selling in?
- Ask about their fees and how/when they expect to be paid. Can you afford their services? If their rate is too high for your budget, you may not use them as much as you need to because of the expense.
- Do you feel comfortable with these individuals? Are they friendly and approachable? Do they offer advice? If you feel uneasy, you may not use them as much as you should.