Copyright 2013. Paul Cheema's Professional Real Estate Practice. All rights reserved.

 

Paul Cheema, Sales Representative, RE/MAX Professionals Inc. Brokerage (Each office independently owned & operated)

The information on this web portal is provided without any representation and warranty to its accuracy and is intended only for research and information  only.

NEVER REMOVE HOME INSPECTION CLAUSE. IT MAY HARM YOU FINANCIALLY AND EMOTIONALLY.

Home Buying-What you should know.

Important Tip to remmeber

  • A representative is obligated to provide you a comparative market analysis of the home you are thinking of purchasing. This is highly important to understand the range of price you may be willing to go up to in order to secure the home.
  • Ask your representative to find out anything that may be material to you and if possible get it written and acknowledged.
  • Understand each of the word you are about to sign on the offer.
  • Tell your concerns clearly and have those framed in proper clauses.
  • Get yourself qualified for mortgage.


Steps before writing offer

Regardless you are a seasoned home buyer or a first time home buyers you do need a professional representative. Most of those who go complacent after buying one or two houses in their life get a shock of an unruly transaction. As time progresses, the real estate scenario changes as well. The REALTORS have to adjust to the ever changing real estate scene.


A REALTOR negotiates for the best dollar value while keeping our objective opinion and motivation sealed from the sellers. Not all representatives are alike. Some go for professional designations as a commitment towards profession and their vow to serve their clients to the best. So, how do you hire an agent?


  • Ask questions about agent's experience and check the online reviews.
  • An average home buyer checks approx 3.1 online locations before hiring an agent. It is highly imperative to hire someone with a great reputation among his peers and public.
  • Some people ask about the price a property was bought against the asking price. This may help you understand the negotiation skills of the professional.
  • A professional representative will ask for execution of agency documents with his/her brokerage office. Make sure you understand the buyer agency agreement. Notable are the commencement and ending dates, geographical area, type of housing, and fee payments. Though most of the times home sellers pay your agent's brokerage remunerations, there may be circumstances when you, as buyer, may become responsible for them. See Sample Buyer Agency here.