Victoria Real Estate Board

Using a REALTOR® can help you avoid potential pitfalls when buying a home

When you hire a REALTOR®, you can ensure you’re hiring a professional with the highest level of integrity, honesty and service. Working with a Realtor to buy a home will ensure the following things: 

  • You’re making an informed decision on the property by assessing if it fits your lifestyle and needs 
  • You’re paying fair market value for the property 
  • You’ll be guided through the process from start to finish with advice on all legal and financial procedures  

Making an informed buying decision 

When it comes to buying a home, a Realtor will do the heavy lifting for you. A Realtor has access to the Multiple Listing Service (MLS®) to look for suitable properties and provide you with a customized list of homes that meet your needs, wants and budget. They’ll also review the property disclosure statement and applicable strata documents to bring important items or red flags to your attention. They’ll ensure you feel comfortable and informed before purchasing.  

Paying fair market value 

A Realtor can provide a comparative market analysis and other MLS® statistics to ensure you’re paying fair market value for the property. Additionally, they should be familiar with the market you’re looking to buy in and can advise you on an initial offering price and offer strategy. Realtors are skilled negotiators and will negotiate the best price and terms on your behalf with the listing agent and/or seller. 

On-going support throughout the process 

Realtors are informed about the legal and financial procedures when buying a home. They’ll also put together a legally binding contract when it’s time to purchase and advise you of the legal process required in obtaining title and taking possession of your property. Additionally, they can advise you on other professionals you may need during the transaction such as a mortgage broker, house inspector or lawyer. 

When it comes to buying a home, hiring a Realtor will ensure you’re getting the fair market value on a property that matches your lifestyle. It’s the best decision you can make to ensure that the process is as smooth as possible.

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