Buying or Selling. The Benefits of using a Realtor

Buying or selling your home is one of the most important decisions in your life. Before you do, be sure to consult a Realtor.  A Realtor’s experience can guide you through the process that can be more complicated than you think.

Their knowledge of the housing market can assist you in making the best possible choice. A real estate sales representative’s role is to serve the best interests of their clients.  They are uniquely qualified to serve your home ownership needs, and are extremely dedicated to you.

In Ontario, individuals must go through an intense education process developed by the Ontario Real Estate Association that includes licensing, a two year articling period with an experienced broker, and attending mandatory courses every year to maintain their registration and keep up with the changes in the industry.

“Realtors” are licensed professionals, that must be part of the local real estate board (Realtors Association of Hamilton & Burlington or RAHB here in the Burlington), as well as the Canadian Real Estate Association (CREA), and the Ontario Real Estate Association (OREA).  While working with a realtor, the national code of ethics and strict provincial laws ensure that you will be provided with a high level of service, integrity and honesty during your interaction. 

With intimate knowledge of the real estate market and legal terminology, a Realtor offers more than just training and high standards; they know how to best sell your home.   They can develop a marketing plan that includes various advertising methods, open houses, and listing your property.  They screen buyers to ensure that they are bringing buyers that have been qualified and are truly interested in the home.  The Realtor acts as a mediator during price negotiations between you and the other party to reduce stress during the sometimes difficult process.

Another valuable aspect of the Realtor relationship is the network of lenders, lawyers, mortgage brokers, home stagers and other professionals that can assist you in completing your real estate transaction.

A Realtor who holds themselves to high level of standards, ongoing training and top-notch customer service, ensures they are providing their clients with the service they deserve.  Before you take that big step of buying or selling your home, enlist the services of a Realtor. 

The Importance of a Home Inspection

You've found a house that you love. It has gleaming hardwood floors, the kitchen of your dreams, and a great backyard. But before you buy, what about the furnace, the wiring, the leaks in the basement? 

Before you buy any house, have the home inspected, no matter how experienced you are as a homeowner. It's the best way to make sure you really know what you’re getting into.

The inspector will determine the condition of the house you’re thinking about buying, and let you know if there are any problems. This will give you the information you need to make an informed decision. (And the great thing is, the inspector doesn’t care if you buy the house or not, so you can be sure he or she is being objective, even if you’re not.) If you have to make an offer before having a home inspection, make the offer is conditional on a satisfactory home inspection. If there are any problems, you have three options:

1. Walk away.
2. Use the results to negotiate a better price.
3. Give the seller a chance to fix the problem.

What happens during a home inspection?

The inspector meets you at the home you’re thinking of buying, and takes about 3-4 hours to carefully inspect the entire house for structural, mechanical or other issues. They examine everything from the roof to the foundation and everything in between, including heating and air conditioning, plumbing, electrical, insulation, roof, windows and doors, walls, ceilings, attic and basement. You can accompany the inspector as he or she goes through the home – it’s a good way to get to know the home quickly, and will give you a head-start in learning about the home. 

The inspector prepares an inspection report that breaks down the major repairs that need to be done right away and areas that will need attention in the future, (with accurate cost estimates).  They will also highlight good points, and give you an idea of what maintenance you’ll need to do. Make sure you ask for a detailed report that’s written in a narrative style. Never accept a verbal report or one that’s just a checklist.

How much does it cost?

Most inspections cost between $250 and $500. A few hundred bucks could save you thousands in home repairs. It’s a pretty small price to pay for significant peace of mind.

How do I find a good inspector?

Look for a reputable, qualified company that has been in business for a minimum a few years and that can provide references, is fully insured and offers guaranteed inspections. Inspectors should be licensed in building-related fields such as contracting, architecture or structural engineering. Your REALTOR® can recommend a reputable home inspector at your request.

When you’ve fallen in love with a house, it’s hard to see any faults on your own. Make sure the decision is a good one, and get it inspected so you can be sure you stay in love – for years to come.