The Home Buying Process
Do You Have a Personal Real Estate Agent?
Hey I get it, everyone under the sun knows someone who's an agent or is going to be getting their license but that doesn't mean you owe it to them to risk purchasing your largest investment of your life with them. You want to be sure you get a professional FULL TIME agent. You want to have someone who is actively trading in the market, knows what's happening in the area that you are looking in and someone who is putting your best interests ahead of their own. There are over 53,000 agents in the GTA as of 2021 and a stat I just read was that almost 88% of them are only doing 0-1 deals a year. Do you want the person that's writing the offers and negotiating on your behalf to be someone who's doing less than a deal a year? Before you sign on any dotted line with ANYONE you should be asking what they will be doing for you? How many homes do they sell/buy in a year and don't be shy to ask if they can show you any paperwork to back it up? What's their Strategy for you? How long have they been doing this for and what area do they specialize in? Don't be shy to ask any questions that help make you feel more comfortable and at ease with your agent you are considering. Remember numbers can be skewed, awards really don't mean that much, but your gut is generally right. At least interview a few agents and go with who makes you comfortable.
My business plan is super simple. I aim to do about 15-20 deals a year. Any more than that and I can't give my 100% attention to my clients and to my family. I like to be accessible to my clients and there for my family too. No amount of money I make will ever get the time back with my girls so I know what's important to me, what makes me happy and my business and family thrive. I'm likely a lot like you, I like to have fun, enjoy my family time and try to plan for the future. I know family is everything and I want to be sure you're making the best investments to build your family's equity.
My goal when we first meet is to make sure we click, your goals are realistic and attainable and that you're a serious buyer or seller. I'm not trying to get you to sign a Buyer's Representation Agreement (BRA) right away, I want to be sure you're my kind of client as well. Once I see that we're a great fit, I start to put our action plan together to either get your home ready for the market, or getting you in the best position to purchase or both.
Educating you on the process, what to expect and preparing you for the busy GTA markets is what I'm here to do so you can make an educated decision where you are more comfortable and less stress out. My job is to make your experience enjoyable, stress free and exceeding the results you wanted to reach in our first get together.
The Extra Costs to Consider
My website will always be a work in progress but I try to leave a bunch of information here to help educate you and be here as a reference to go back to . When buying a home you can't simply have your downpayment and pre-approval ready, have you set money aside for the closing costs on a property? Land transfer taxes, moving expenses, hook up fees, lawyer fees, home inpsections are there just to name a few.
These are all the things that I'll have prepared you for in our initial meeting. The video above will walk you through some of the costs you need to consider. All will likely not apply to you, but it's best to be prepared.
So to recap - what to Look for in a Real Estate Agent
When buying a home, you want a real estate agent who…
- Takes the time to understand your needs and goals, so you have a true partner in your home buying journey.
- Explains everything clearly and answers your questions, so you’re never in the dark.
- Has expertise and a track record of success in the local market.
- Knows how to find great properties in your price range.
- Will alert you to new listings, quickly, so you get the jump on those opportunities.
- Will advise you on the best price to offer for the home you want.
- Will prepare and present the offer, and skillfully negotiate such things as price, conditions, closing dates, etc. so you get the best deal.
- Will save you potentially thousands of dollars by ensuring you don’t overpay for the property you want.
- Will recommend reputable home inspectors, movers and other professionals you may need.
Not every real estate agent offers all of these services. My clients say that I do. They also tell me how much they appreciate my professionalism, expertise and accessibility.
The best way to select the right real estate agent, is to GOOGLE their name and see what they are all about. This will give you a good idea as to what they will be able to bring to the table, then make the initiative meet with him or her in person. Ask lots questions. See if there is a good fit and y ou feel they have your best interests at heart.