For Buyers

Buying or Selling a Property?

Buying your first home, upgrading your lifestyle, deciding to have a pre constriction or investment

properties even starting your business and looking for buying it or construct it that is MY PASSION

2011 starting my journey to become a real estate agent, didn’t miss any open houses since I landed in

2003. Stating my career with one of a platinum team and decided to reach my goal. Started by own team

2017 as Miranda Homes and reach one of the top 5% realtors across Canada in 2018, I like diversity so

decide to have a particular realtor for everything investment pre-construction, commercial and rental.

My team is not the only realtor we do the whole package to make it one stop shop for you have stager to

get your house ready for quick and easy sales. We do have the mortgage brokers to help you get your

finance in easy steps. Real estate Lawyer to close your deal wherever you are Accountant to get you all

your forms through the government channel. Even mover to get your move as smooth as possible My

team are so passionate about real estate, and they finish your transaction in no time without hassle or

any stress Real estate is my life your home is mine, so when I buy it I know I will sometimes spend in there

so I get you the best home where you can call it MY HOME.

You might have certain plans for the year going through your mind; maybe you’re looking for a new home

to move into or you might think about selling your current dwelling to move into a new place. Whether

you’re buying or selling a property, you would agree that the process is quite thrilling yet winding,

particularly when it comes to the competitive real estate markets of Canada.

A recent report by the Canadian Real Estate Association (CREA) indicates that the Canadian housing

market experienced slight dips of approximately 12% in the last couple of years as compared to the 10-

year average.

Keep in mind, if you’re selling a property in the next month or after that, it’s critically important to look

for ways you can fetch a high sale value. In case you’re buying new property, you need to carefully opt for

the right house; purchasing a home is probably going to be one of the biggest investments of your life,

and you wouldn’t want to put it at risk.

There are several things you should be aware of while selling or buying a house; from housing market

conditions and neighborhood trends, to property regulations and comparable prices, home buying or

property selling can be an intricate process, and thus, requires a specialist; in this case = a realtor can help

get the job done the right way. Here it’s imperative to mention that a realtor, unlike a real estate agent

or listing agent, is a registered or licensed broker and a member of the CREA.

Do you need to hire a Realtor for your Property Dealings?

When it comes to selling or buying property, many people avoid hiring a real estate agent or a realtor,

and prefer to do it alone. The first reason would probably be because of the price you have to pay for their

services. Oftentimes, people think they might save money by not hiring a realtor; however, that’s not true.

On the contrary, it could end up costing you even more.

Most importantly, there are several points entailed in the real estate transaction process where evaluating

things in order to make the right decision can actually save you thousands of dollars. Only an experienced

and a well-informed person, such as a realtor, would be able to help you achieve this. It’s quite difficult

for a person who has little or no knowledge regarding real estate to negotiate on the deal. In contrast to

that, a realtor, with their expertise in what factors affect housing price, can help you sell or purchase a

home for the right price.

Not to mention, hiring a realtor when buying a new home or selling your existing property, can actually

help you save and get a good price respectively. A realtor assists you along the entire journey, ensuring

that you get the best deal possible. Let’s take a look.

They Have Better Access

A realtor has contacts with all other property agents, which means that such individuals will find a home

that perfectly fits your criteria within a matter of days. Of course, realtors stay updated with listed homes

and housing prices every day. Once they have made their choice for you out of a few homes, a realtor will

have you visit those selected homes to make a final decision.

n case you’re selling your property without a realtor, you’ll have to reach out to potential buyers using

your own promotional techniques. Also, you’ll have to attend a number of calls, including scam ones,

which will make the whole process a daunting task for you.

They are good at Negotiation

Most homeowners or homebuyers in Canada don’t like the idea of proceeding with their property dealings

in connection with a realtor; perhaps they think that direct negotiation between the parties is more

beneficial and allows them to mutually agree upon the conditions while making the best deal, as opposed

to letting realtors handle this. However, they must realize that a negotiation can often turn into an

argument, and professionals like realtors know how to navigate such territory tactfully.

A realtor will keep in mind the emotional aspects of a transaction, as all buyers or sellers have, and will

negotiate based on relevant factors included. Being skilled and trained professionals, realtors can present

their client case in the best light.

Managing the Paperwork

As mentioned above, the home buying or selling process entails plenty of work, which includes filing a

number of documents. While buying or selling a property, it’s important to make sure that all the

conditions included are in compliance with your country’s property laws and regulations. Since they have

in-depth and thorough knowledge regarding Canada’s property laws, realtors make sure they manage

your contract and conditions safely.

Realtors are Trustworthy Professionals

As Realtors in Canada are registered with CREA, these licensed professionals are bound by common

state laws to maintain a fiduciary relationship. In other words, a realtor will act in your best interest and

not their own. Furthermore, licensed real estate agents in Canada rely on referrals to build a client base,

which ensures that they do their best for their clients.

In some cases, where a buyer or seller decides to go through the process without hiring a realtor, seeking

the help of a property lawyer or legal counsel for legal work is common. However, both the parties act in

their best interest, delving them into making numerous false claims regarding the home’s condition. This

whole thing makes the property dealing process a nuisance.

On the other hand, hiring a realtor lets you have the assurance that only relevant factors are highlighted

while strictly adhering to a code of ethics when making a purchase or sale deal.

After mentioning the most important practical details of home buying or selling process, you’ll have an

idea that it’s always good to have an expert when it’s about property dealing. So, if you have decided to

hire a realtor for the biggest investment of your life, you need to know how to find the right realtor for

yourself.

How to Find the Right Realtor for the Job

One of the most common questions that come to mind when you decide to hire a realtor for home dealing

is, ‘how to find the right realtor?’ Well, before delving into that, you must know how to hire a realtor and

sort out your expectations from the agent i.e. what you need from a realtor.

As we mentioned above, realtors can assist you in property dealings with their pricing, neighborhood

knowledge, and negotiation skills. With that being said, you must work with a professional who will

navigate you through the entire process easily. It’s important to mention here that every realtor has

different approaches, expertise, experience, and skills. Once you’ve figured out your requirements, the

next step is to find a realtor who will be a good match.

Finding a Realtor

You can reach several realtors through online platforms or by referrals. Once you get a contact list for the

best listed realtors or the most preferred ones, make sure you pick the five best ones. Remember that

you can’t meet all the realtors whose contacts you get a hold of; therefore, you must narrow down the

list by reviewing their portfolios, testimonials and previous ratings. Once you have selected the five best,

make individual appointments, and schedule your meetings. The best way to select the right realtor for

you is to conduct an interview.

The Seven Questions to Ask a Realtor before Hiring?

Oftentimes, you may not want to interview a realtor; maybe because you have a perception that a realtor

is registered with CREA, and thus, probably has enough knowledge and experience regarding the field.

However, that’s not always the case that a realtor has all the skills and expertise you’re looking for.

Therefore, it’s crucial to figure out the right one for you; specifically, that would be the one who can make

the best deal for you. For that, we have composed a list of questions that you can ask a realtor to ensure

that they have enough experience and knowledge about the real estate market of Canada.

1. How long have you been in business and how many transactions you did last year?

Although experience in years doesn’t guarantee that someone is a great realtor, it’s undeniable that

much of this business is learned while on the job.

2. Do you have any experience working with first-time home buyers or sellers?

In case you’re selling or buying a home for the first time, this question will help you select the right realtor

for you. Of course, it’s crucial for first-time home buyers or sellers because they have little or no

knowledge regarding the process. Therefore, they will need a realtor’s complete assistance until the deal

is made.

3. What neighborhoods do you usually work in?

Whether you’re selling or buying property, when you ask a realtor about which neighborhoods they deal

in, it will give you an idea of their expertise, approach, and experience. In both cases, whether they work

in multiple neighborhoods or just in a few, you’ll be able to make a selection as to the one who is most

appropriate for you.

4. Can you provide a list of your references?

You can ask a realtor to provide you with a list of references including their previous clients or fellow

realtors. Once you have gotten the list, contact them and ask about the realtor’s expertise.

5. How can I reach you promptly when I have a question?

Many people often forget to ask some important questions in a meeting and try to reach a realtor later.

It will sound more professional if you ask a realtor during a meeting about the time and day when you can

reach them for your queries.

6. How often should I expect to hear from you?

Of course, a home buying or selling process is not a matter of a few days; it may take a couple of months

or even more than that. To make sure that the entire process flows smoothly, it’s better to ask your realtor

as to when they can get back to you.

7. Will you provide advice about future home improvement?

While interviewing, if you find a specific realtor to be the perfect one for you, don’t forget to ask if they

can continue to work with you for future property deals.

What Can Happen when you Buy/Sell a Property without a Realtor?

Are you thinking about buying or selling a property without a realtor? Well, whether it’s for saving a buck

or just a fear of realtors, you must consider a few things before doing it on your own. Remember that,

without hiring a realtor for your home sale or purchase, you may have to deal with the following

circumstances.

• You will have to negotiate on your own, whether you possess high-level skills or not. As a result,

it may get you into an argument, making the process even more complicated for you.

• Selecting your dream home through pictures might be an easier task; however, researching

market trends, housing values, and other vital factors can be tedious.

• You won’t have a specialist to rely on for neighborhood trends. A realtor knows which deal can

have you thousands of dollar profits because he or she understands the future projections.

• You may not be able to comprehend seller disclosures entitled by the property laws of the state.

• You may pay a hundred or maybe a thousand bucks more for closing costs; the other party might

make you pay for everything.

• You will have to manage and go through piles of paperwork; no matter whether you understand

every stated condition or not.

• Without a realtor, you will have to find a mortgage on your own. That means, you won’t be sure

if your lender has a good reputation for closing on time.

Conclusion

Whether you’re buying or selling a property, remember that doing it all alone not only increases the risk

of making ‘a bad deal’ but also costs you a lot. Therefore, it’s always good to hire a realtor when buying

or selling a home; you can always trust a realtor (registered and licensed agent by CREA). A realtor ensures

that all the work included in the process is completed competently and professionally.

If you want my help you can reach me by visiting www.MirandaHomes.ca