Purchasing a home is an incredibly daunting task—especially for first-time buyers. Hiring one real estate agent to represent you while shopping for homes for sale in Toronto can help you to find exactly what you are looking for. Here are the top five reasons to hire a real estate agent when buying a home.
Knows the Market
You probably already know the features you want and need in a home, including how many bedrooms and bathrooms are necessary and what type of garage, backyard, etc. you want. You also know what you don’t want and need. You use this information to look at list after list of homes for sale in and near Toronto. A real estate agent can gather and share data about the houses that you are interested in buying along with the neighbourhoods they reside in. Your agent has direct access to up-to-date information on the real estate market, including price lists, neighbourhood demographics, crime rates, schools, and more, that will help you make a final decision.
Knows if the Price Is Right
There are numerous real estate websites on the internet that offer prices, estimates, and comparisons of new and foreclosed homes for sale in Toronto and surrounding areas. While these tools are reliable and easily accessible, a real estate agent has unique insights that can help you get the most for your money. Real estate agents can do a walkthrough of the houses you are interested, and, using their knowledge about the market, they will know if the homes are priced correctly. A real estate agent will also be able to spot any hidden issues with a home during the visual assessment. They are adept at finding repairs—leaks, mold, insect issues, problems with furnaces and roofs—that need to be made. Additionally, your agent can recommend a high-quality home inspector and other business professionals, such as mortgage lenders and contractors, to assist you throughout the purchasing process.
Follows a Code of Ethics
Real estate agents, particularly those who belong to the Canadian Real Estate Association, abide by a strict code of ethics. Their job is to act as a middleman between you as the buyer and the seller. Agents have a fiduciary duty, meaning they, legally and ethically, must put yours and the seller’s best or most important interests above all else. They also have a duty to be honest with you and must keep your most intimate financial details confidential. If a seller or their agent requests information about you, your agent will know whether the request is reasonable or not.
Is an Experienced Negotiator
All real estate agents in the Toronto area are well-trained negotiators. They know what works and what doesn’t. Yours will have a set of unique negotiating techniques that have worked time and time again. They can think logically without letting emotions get in the way, which helps them get the best deal on the house you are interested in. Plus, your real estate agent will be able to save you money by preventing you from making unnecessary or harmful financial decisions.
Assists with Contracts and Other Paperwork
When you decide to buy one of the many houses for sale in Toronto, there will be a lot of paperwork to get through. You will be offered a contract with conditions you and the seller must abide by. These contracts protect you and ensure you or the seller can legally back out of a deal if conditions aren’t met. Your agent can guide you through what conditions are necessary and which ones can be removed safely. Real estate agents are extremely familiar with contracts and other paperwork necessary to finalize the sale. Your agent can help organize and manage all your paperwork.
If you’re ready to buy a home or sell your current one, contact Merenda Real Estate Group in Toronto. Call us at 416-240-7653.