Navigating the world of real estate can be daunting, especially if you’re unfamiliar with the terminology used in property listings. Today, we’ll take a detailed look at a typical MLS listing to help you understand what each section means. We’ll use a specific listing as an example, and explain key terms like SC (Sold Conditionally) and PC (Price Change).
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Risks of Not Signing a Buyer Representation Agreement
If you’re in the market to buy a home, you’ll need the services of an experienced real estate agent to help find the perfect home for you. These professionals will work within your budget and keep your needs and wants in mind to narrow down the perfect properties for you to look at.
But part of the process of carrying out a real estate transaction is signing a Buyer Representation Agreement. If you don’t sign this contract, you’d be doing yourself a disservice if you refuse to sign this agreement from the start, for several reasons.
Read on to find out some of the risks that you may be exposing yourself to if you don’t sign a Buyer Representation Agreement.
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What Do Buyer Visits Look Like?
Visiting a listed home in person and checking it out in detail will tell buyers whether or not it’s “the
one.” If it is, it’s time to make an offer.
But let’s take a couple of steps back. What exactly does that buyer visit look like, both in terms of the
buyer’s and seller’s perspective? More specifically, will buyers have more opportunities to visit the
home before sealing the deal?
Buyers will be happy to know that they’ll be able to take a couple more looks at the home they’re
buying, even after they’ve put in an offer. Each visit is meant to accomplish slightly different things.
Let’s get into more detail about these buyers’ visits.
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How to Win in a Multiple Offer Situation in Toronto’s Real Estate Market
Toronto’s real estate market is known for its competitive nature, especially when demand for certain properties outweighs supply. If you’re looking to buy a house or upgrade from a condo, there’s a good chance you’ll face a multiple-offer situation.
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Buyers: What to do before closing now that your deal is firm
So, what exactly do you do from the time your offer is firm to the time of closing? Here is a checklist of things that need to happen before you can start moving your belongings into your new home.
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How To Find The Right Neighbourhood For You
It’s not easy to choose the perfect neighbourhood for you or your family. Let’s face it, your neighbourhood is just as important as your house. This article will explain the things that you should be looking at in a neighbourhood during the buying process.
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What to Expect During Showings
After you’ve made the decision to buy a home and have already met with your agent and solidified a working relationship, your next step is to actually start pounding the pavement in search of the perfect home.
Your agent will already have made a list of homes that meet all of your criteria, including price, location, size, number of bedrooms and bathrooms, and so forth. Once you’ve narrowed your focus, it’s time to start visiting homes!
But what can you expect during showings?
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Deposit Vs. Down Payment: What’s the Difference?
When you put in an offer to buy a home, a deposit typically accompanies your offer. In fact, the size of the deposit plays a big role in how attractive your offer will be in the eyes of the seller.
But buying a home also requires that you take out a mortgage, if you are unable to make an all-cash offer. And part of taking out a mortgage involves making a down payment.
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What Happens at Closing With the Key-Exchange Between Lawyers?
There’s a lot that goes into the purchase and sale of real estate. Sellers look forward to closing day to get their hands on the proceeds of the sale, while buyers anxiously anticipate getting the keys to their new abode.
If you’re on the buyer end of the deal, you’re probably wondering how you finally get the keys to the home you’ve just bought.
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Pros and Cons of Not Using a Buyer Agent For a Purchase
As a buyer on the prowl for a new home, you may have come across listings that have piqued your interest. Maybe you’ve seen them during an online search or visited an open house.
If you don’t already have an agent lined up, why not call up the listing agent of the property you’re interested in yourself and take it from there?
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