Buying or selling a home? FAQ #4

And, finally, here are the last questions I was asked by my clients.

      If I just want to get in to see some houses, why do I need a Buyer Representative?
      A Buyer Representative does a lot more for you than just open up a house! In our consultative role, we listen carefully to your deepest needs & values so we will know how best to help you find the best property. We negotiate with your best interests in mind, acting as an intermediary between you and the seller & insulating you from costly mistakes. Finally we handle the (literally hundreds!) of transactional details so that you don't have to.

      Is a Buyer Representative's service free to me?
      Yes! The Buyer Representative is typically compensated by the listing agent for the property once a purchase has been made, so we act on contingency when working for you.

      Do I need a real estate lawyer if the offer documents are pretty standard?
      Yes. Though the Agreement of Purchase & Sale and related documents may be standard, and of course we will explain all of their ramifications, your lawyer will need to search title for the property to ensure it is free from encumbrances. They also provide many more important services. If you do not have a real estate lawyer please contact us so we can recommend one to you.

      How much do I have to put down on a property when making an offer?
      Offer deposits are generally 5% of the offer price, rounded up. Getting a certified cheque or bank draft for this amount can make a great difference to sellers, especially in a multiple offer situation - you will be seen to be prepared, confident and serious about buying the property.

 

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