CHOOSING A REALTOR®
YOU ARE READY TO BUY A HOME - WHERE DO YOU BEGIN?
1. Choose a realtor
2. Get mortgage pre-approval
DON’T WASTE YOUR TIME PHONING EVERY REALTOR IN TOWN WHO HAS A HOUSE LISTED - LET WILLARD MORRIS & COMPANY REAL ESTATE PROFESSIONALS DO THAT FOR YOU
CHOOSING A SYLVAN LAKE REALTOR -
Building a good rapport with your realtor and trusting them with your loyalty is the most efficient way to purchase real estate. Providing clients with consistent, reliable service involves having a good working relationship with the client and that cannot happen if the client is working with more than one realtor. To ensure the buyer is committed to working exclusively with them, many realtors today are asking buyers to sign a Buyer’s Service Agreement. This Agreement is an advantage for the buyer as it commits the realtor to looking after the best interests of the buyer and it also gets the buyer "in the know" with a realtor, a very valuable place to be. The Agreement can be cancelled at any time and there is no obligation to buy, however if the buyer does make a purchase he agrees to make the offer with the undersigned realtor.
When choosing your realtor, go for the best. The realtor you choose should:
- KNOW THE MARKET
- KNOW THE NEIGHBORHOOD
- BE QUALIFIED & EXPERIENCED
- HAVE GOOD ADVERTISING EXPOSURE
- USE WORLD WIDE WEB MARKETING
- BE A STRONG NEGOTIATOR
- SHOULD HAVE A CONTACT AND REFERRAL NETWORK
- SHOULD BE ON CALL AND AVAILABLE
Take advantage of the benefits of the Internet and check out company and realtor web sites. Look for benefits to the buyer as well as the quality of presentation which will give you some indication of how knowledgeable and approachable the realtor is likely to be.
Patience is a virtue and a good realtor will have lots.
DON’T SET YOURSELF UP FOR DISAPPOINTMENT - GET PRE-APPROVED
Low interest rates and more convenient financing options mean that more Canadians are purchasing homes than ever before. National home ownership rates have climbed 3.4% since 2000 - currently 64.2% of Canadians own homes. According to a RE/MAX National Survey of home buyers, the family home, more than any other type of investment, is the preferred way to invest in the future. The findings of the survey show that Canadians feel that owning property is "one of the surest ways of accumulating assets for retirement".
Buying a home is a worthwhile investment and obtaining mortgage pre-approval is an investment in time that makes the buying easier. The process will confirm what price range the buyer should be looking for, the amount of down payment required and the amount of monthly mortgage payments. To determine your qualifications, the mortgage lender will take into consideration your income, credit rating, available down payment and debt load. It is possible to get a ball park figure by using the Mortgage Calculator but it won’t give you the true facts as it only considers price and income. A letter of approval from the mortgage lender allows you to make a confident and stress free Offer to Purchase. Amanda Dickson can help you through this process by referring you to mortgage lenders and introducing you to the lender of your choice.