FAQ - Buyers
What is the role of the real estate agent that represents the buyer?
The role of the real estate agent representing the buyer would be to:
- Identify your requirements
- Identify suitable properties that may or may not be currently for sale
- Research previous sales price statistics for the selected properties
- Determine all matters relevant to possible transactions. For example title searches, the legality of structures, and the legality of the use of the property.
- Draft any special conditions to a proposed contract
- Arrange inspections
- Conduct negotiations for the selected property
- Obtain the property at the lowest possible price
- To accurately define the subject matter of the sale i.e. what is included in the sale.
- Prepare the Offer and Acceptance and draft any appropriate special conditions
- Present a written offer and negotiate the sale price.
- Explain the Contract for the Sale of Land by Offer and Acceptance and the Joint Form of General Conditions for the Sale of Land
- Explain the effect of any variations to the Contract that may be requested by the seller or the buyer. For example extensions of time for finance approval or settlement.
- Monitor the contract from sale to settlement, especially the satisfaction of any special conditions.
- Arrange and attend the pre settlement inspection.
- Liaise with settlement agent/solicitor and other parties to facilitate settlement.
I need to buy a house with a good resale value. How do I determine if my house will increase in value within the next 5 years so that we can upgrade?
I can buy a smaller house in a great location or get twice as much house in a good location. Which is a wiser decision?
It’s like buying stocks. How do you really know which ones will increase most in value over the next 5 years?
As with any investment, there are risks.The most often quoted rule is that location is the most important factor.
Sometimes it is just timing that works out best for you. For example, if you buy a home before a major surge in local prices.
How can I find out how much my property is worth? There are no comparable properties in my area.
Agents are your best resource as we have access to huge amounts of data that shows comparable sales in your area. Additionally, just call us, we’ll come out to your property & give you a solid idea of what your property is worth. No strings attached! Scouts honour.