What would you do if you had an income tax or legal question regarding $300,000?
Who would you contact? Yes, most of us would find the best accountant or lawyer we could find! A home purchase often far exceeds $300,000 and many buyers don’t take it as seriously as they would a legal or tax concern.
Finding a Buyers' Agent should be one of the very first steps you should take before you go finding a home. Let's look in more detail at what an exceptional Buyers Agent will do for you:
- Represent you and your best interests, not the sellers
- Respond honestly and accurately to your questions
- Help you create a plan based on your wants and needs to find you the perfect home
- Refer you to a lender or mortgage broker that has access to either first-time home buyer programs and/or trade-up buyer programs to find the most favourable loan for your particular situation
- Using the criteria you provide, they search all possible listings and properties
- With their experience they can point out the strengths and weaknesses of each property
- Give you the truth about a properties value, not its perceived value in the eyes of the seller or seller's agent
- Provide honest, complete information about the neighbourhood and how this can affect a home's future value
- Provide you with a buyer's comparative market analysis (a Buyers' CMA) so you have a better idea of a home's value
- Since your buyer's agent has seen hundreds or thousands of homes they can recommend enhancements to possibly add substantial value to a home – even before you place an offer on it
- Recommend terms and conditions that you should add to your offer to protect your specific interests
- Submit offers promptly and professionally
- Negotiate the best price and terms possible for you since they aren't working for the seller
- Help guide you through home inspections, financing approval and condominium document review
- Follow-up on the myriad of details from contract to closing to help ensure nothing gets missed
- Be with you during your possession and walk-through in case there are any issues that need attending to
- Follow-up with you after possession of your home to see if you need help with anything or questions answered
- Most importantly, they keep your personal information private from the seller and other agents, something listing agents are obligated NOT TO DO!