With all of the technology that we have today, the Real Estate Market has seen a vast number of changes. Websites such as realtor.ca enable Buyers and Sellers to be more informed about the market, and this has changed significantly the way in which Buyers shop for homes.
In the past, prior to the internet, Buyers would contact a Realtor to obtain information about properties of interest. Now that much of the information is readily available online, Buyers tend to call a Realtor only when they have their search narrowed down. It is not uncommon for Buyers to call a Realtor only to see one house or perhaps even two.
There are downfalls to this way of house hunting. One of the negative issues is that realtor.ca is not as up to date as the information that Realtors themselves have access to. The best homes often get sold before they hit the public version of the MLS. Another drawback is that some Buyers are choosing their prospective homes only by the features themselves, without considering location or lifestyle. A Realtor's job is to guide you through the purchase, ensuring that the home meets your lifestyle requirements. Realtors often have knowledge about neighbourhoods and factors that affect resale that the average Buyer may not be considering. Lastly, the prospective Buyers often call the Listing Agent and do not understand that the Listing Agent is actually representing their Seller and what the actual implications are of Agency Law, Customer Service and Multiple Representation.
Almost all sales require the Seller to pay the real estate commission and not the Buyer, therefore, it is in the best interest of a Home Buyer to contact a Realtor - find someone who will work with them. Your Realtor will help you to make an informed decision when buying a home. For more information on Agency Law and Buyer Representation call Century 21 today!