First Time Buyers
Why Use a Buyer's Agent?
Listed below are 10 great reasons to use a Buyer's Agent when looking to purchase real estate:
#1. Having a buyer's agent is FREE to the buyer. Some people think they can save money by not using a buyer's agent. In most cases, this is simply not true; in fact, it is usually the opposite. In residential real estate, the commission is usually paid by the seller whether or not a buyer's agent is involved. Where else can you employ the services and receive the benefits of a trained and experience professional on your side for free!
#2. Having a buyer's agent gives you more negotiating power. Having a buyer's agent helps you hold all the cards when negotiating with the seller.
#3. It gives you full access to the MLS. As a member of the multiple listing service (MLS), your agent has full access to the searchable database of MLS listings. New listings hit your REALTOR’s MLS system 24-48 hours before they hit the public’s site of the MLS giving you the advantage of finding out about hot new listings before most buyers. I can ask you the right questions to determine what you are looking for and what areas you are most interested in. Once I know your price range and what you are looking for, I will use the full power of the MLS to help you find it. I can provide printouts, email reports, and do custom searches to find available homes that meet your criteria. I can also setup automatic emails to notify you immediately if a listing comes on the market that meets your criteria.
#4. A buyer's agent will save you valuable time. Why do something yourself when you can have a professional buyer's agent do it for you? A Buyer's agent spends a lot of time previewing homes and staying familiar with the current listing inventories. This knowledge -- as well as useful technologies such as virtual tours, interactive maps, Internet websites, social media and use of the MLS system -- will save you from wasting valuable time previewing homes that don't meet your needs. Your agent will also perform a lot of the services that you otherwise might have to do yourself such as writing up offers, delivering earnest money, contracts, etc. to the title companies and lenders.
#5. It makes life easier and reduces stress. When you have a buyer's agent, you don't have to worry about driving neighborhoods for hours or worrying that you're missing the house that would be perfect for you. You can spend your time doing the things you enjoy while the search is being handled by someone else who is a professional. I’ve helped hundreds of people with their real estate needs, and my experience will help keep you from any unpleasant surprises throughout the entire buying process. When you use me as your buyer's agent, you'll actually be surprised at how much I can do for you behind the scenes. You don't have to worry about the deadlines and "what ifs" because I will do it for you!
#6. Your agent takes care of all the paperwork. From writing up and negotiating your offer, to reviewing seller disclosures and completing amendments to protect your best interests, to reviewing the title work and closing documents. . . it's nice to have a trained professional by your side to handle the paperwork and to help answer any questions you might have. I’ve done this more than a time or two, and we'll help you cross your T's and dot your I's and follow up with all the parties involved to make sure everyone meets their deadlines.
#7. A buyer's agent is a great resource of knowledge and information. Not only am I very familiar with the history and demographics of the area of interest to you, I know a lot about real estate. I will educate you about market conditions, and answer any questions you have about the home buying process, including explaining fair housing laws and agency relationships. My goal is give you the best and most accurate information to help you make the best possible informed decisions.
#8. You benefit from a network of professionals. Over the years, I have developed good working relationships with several home inspectors, mortgage lenders, title companies, other professional tax and legal advisors and other real estate professionals. I know from experience which ones have delivered on time consistently and which ones have fallen short of the bar. I'll help you find the right professionals to help ensure a successful buying process without any regrets.
#9. A buyer's agent looks out for your best interest at all times. Your buyer's agent has a legal and ethical responsibility to represent your best interest at all times. Some of the duties that your agent has to you include: loyalty to you, promoting your best interests, disclosing known material facts, maintaining confidential information, and accounting for any money they handle in the transaction. If your I know something about the seller that might influence your decision to buy or alter your offering price, I hava a duty to disclose that to you subject to federal and fair housing laws. In short, it's nice to know that someone has your back when you're in the trenches of buying real estate.
#10. It's nice to have a friend in the business. One of the things I enjoy most about working with buyers is the friendships and relationships that are formed. My goal is to provide you with the services and be the type of person that you feel the same way about me when the transaction is completed. Your friendship and trust mean more to me than any compensation I get from selling real estate. I hope that if you ever need help buying or selling real estate in the future, or if you know anyone that needs help buying or selling real estate, that you'll give me a call!
First Time Buyers are currently driving our local real estate market.
*Are you aware of the incentives that are available to you in today's market?
1.) Land Transfer Tax Refund for FTBs
- First-time buyers of new and re-sale homes are eligible to receive rebates of the provincial land transfer tax. The maximum provincial land transfer tax (LTT) rebate for first-time buyers is $2,000 and the maximum Toronto LTT rebate for first time buyers is $3,725. A FULL rebate of the Toronto land transfer tax is also available for ALL buyers who entered into Agreements of Purchase and Sale prior to December 31, 2007.
2.) RRSP Home Buyers Plan
- The Home Buyers' Plan (HBP) is a program under which you can, generally, withdraw up to $25,000 from your registered retirement savings plan (RRSPs) to buy or build a qualifying home.
* For additional information on these programs and how they apply to your particular situation, give me a call toll free at 1-877-272-4040 or directly at 705-313-0806
CENTURY 21 United Realty Inc., Brokerage*