You have been pre-approved for your mortgage by your financial institution and now you know what limit and what budget range of a property you should be searching. But where do you search for a house or condo for sale?
The first step to start your purchase as a real estate buyer is to look for a knowledgeable real estate agent and REALTOR®. This is one of the most important steps of buying a real estate since all other steps and its success pending on the ability, knowledge, and performance of your chosen REALTOR®.
Lets first find out how to choose a good REALTOR®.
You might know your brother-in-law and or your husband's best friend is a real estate agent and feel obligated since they are in this business, you must be only dealing with them. This is the biggest transaction of your life in addition to one of biggest investments. Having someone with outmost experience, market knowledge, and ability to negotiate and handle any pressure, is crucial to a successful transaction. Referral is the best choice, and is the proven record of the REALTOR® success.
With the technology and people being more savvy in real estate search and more available sources of listing search online, a buyer might be doubting the need of a real estate agent. However, real estate purchase does not end in search and locate of your desire property for sale. It involves numerous steps and due diligence which requires extensive research and reviews.
When a house is available for sale there are many things to research such as Title search, Disclosures, property info, Title easements and covenants, Building schemes and any lot restrictions, building zones and permits by the local city, measurement accuracy, lot usage, history of sales and taxes. If purchasing a condo or townhouse for sale, or in general when interested in a strata property, it is crucial to review and investigate all strata documents, depreciation report, Form B and form F of approved strata by its strata president, all strata meetings including AGM (Annual General Meetings), Parking and storage review (whether they are limited or just a common property), rules and bylaws by strata.
In addition to review all these factors, a REALTOR® confidence and ability to negotiate the best dollar value is another important steps in buying a real estate.
Now that we know the importance of having a quality realtor by your side when purchasing a real estate, then the best way to search for a house or condo for sale is to let your local realtor send you the hot new MLS® listings.
In addition to your REALTOR®, you also can search reputable and reliable sites like realtor.ca or REW.ca
My website axelziba.realtor is also fully updated and is real estate search friendly.
Please do not hesitate to contact me direct.