Brian Vidassutton-centre realty3010 Boundary RoadPh: 604.671.5259
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Web: www.BrianVidas.comUnderstand the Real Estate Process
Buying or selling real estate is a very complex matter and can be especially confusing for the first-time homebuyer when purchasing. Do yourself a favor and learn as much about the process as you can. Feel free to ask me any questions that you may have at any time regarding real estate.Why Buyers Should Use a REALTOR
As a buyer, it usually costs nothing to hire a real estate professional to help you find and purchase a home. Your Realtor will likely get a portion of the commission the seller pays to his Realtor. Listen to your real estate agent, but make your own decision. The biggest mistake that a home buyer can make is for them to not have any real estate agent representation. You may think that you're saving money by not using a Realtor but most often you will pay more for a property because the list price is several thousands of dollars greater than market value. Without a Realtor working for the buyer, the buyer doesn't know what has recently sold in the area, therefore the buyer does not know what market value may be. I will always provide my clients with an up to date market analysis before they make an offer to purchase.Why Sellers Should Use a REALTOR
Some homeowners think that selling their own home privately will save money and give them an advantage over the Realtor-using majority. Before you start down this complicated path, here are a few reasons why using a real estate professional is important:
1) You will be drastically limiting your exposure to potential buyers, which means it can take between 10 and 15 times longer to sell your home. Houses that take a long time to sell usually sell for less because buyers believe there must be something wrong with them.
2) Most buyers find negotiating with sellers extremely awkward, and therefore avoid For Sale By Owner situations.
3) Most buyers use a Realtor in their home search, and most buyers' agents will typically not work with FSBOs because they will not be paid. This means you will have to offer a selling commission to attract buyer's agents, which will cut into your expected "savings."
4) Lack of negotiating experience can result in a lower selling price, or worse, a bungled contract and possible lawsuits. It is probably unwise to put your negotiating skills against those of experienced professionals.
5) If you plan to use a lawyer to help you negotiate, your lawyer's fees could be considerably higher than a Realtor's commission. Unlike Realtors, lawyers do not get paid for proactively representing your best interests or mediating delicate situations.
6) You only pay a commission to your Realtor if they successfully sell your home at a price you are happy with.