Buying Real Estate- What perspective buyers should have?

The most important life time decision of an individual is, of course, buying a home. A major decision, which if goes wrong can ruin some one's peace of mind. So how to go buying a home.?! Should it be okay to go yourself on buying spree, hunt for houses on sale by the owner and try saving some bucks or go to a realtor and seek professional guidance and find peace of mind? The decision is all yours. But at such a split on the road, choose your path carefully. I won't force you to seek a realtor, just because I am a realtor. I will, however, tell you a few advantages of signing an agreement with a realtor for buying your dream home.

The first and foremost disadvantage of buying direct from FSBO (for sale by owner) is that there is no guarantee that the hard earned money you pay as deposit will be returned easily if the deal doesn't go through because of one or the other reason. May be the inspection guy found some major structural problem, or some problem with the mechanical systems. The Real Estate Council of Ontario has no recourse to ensure deposit protection done straight with the FSBO. It does, however, ensures such protection in the event of misappropriation, loss, theft with the insurance arrangement with the realtors. The deposit money is always safe and available after mutual release is signed by the brokerages and the parties to the agreement.

The Salesrepresentative is under obligation to ensure the best price of the property by showing due dilligence and preparing the comparative market analysis over a particular length of time by comparing with similar properties to the one under consideration. The buyers don't have any databank to support their price and also find out if the house is overpriced. All the houses listed through FSBO may not necessarily be at the fair market value.

The salesperson has objectivity in arriving at the market price of a property while the owner has a subjectivity in reaching at a price.

The salesperson ensure that the offer contains all the protection for their buyer client and at the same time be fair to the seller.

There are many more advantages in seeking the services of a realtor which will be posted on the forum in subsequent days....

Any question! please feel free to call:
647-333-CARE (2273)

Paul Cheema
Salesperson
Century 21 Green Realty Inc., Brokerage
151 Superior Blvd. Suite 19-21
Mississauga, ON L5T 2L1
Ontario
Tel. (905) 565-9565
Fax. (905) 565-9522

**Not intented to solicit properties already listed with other brokerages nor induce any party to breach their respective representation agreements***