Steve Florchuk, Harold Walters, Tricia Webber

 

 

#1 Failing to use the services of an experienced REALTOR.

Many times buyers avoid using the services of a REALTOR under the mistaken belief that it costs them money. This can be an expensive mistake.

You can have your own Realtor who is committed to using the experience gained through hundreds of successful deals for your benefit - at no charge to you. Remember, your Realtor and the Seller's Realtor are paid from the same commission - by the Seller!

Real Estate is a unique business, where an agent with one day's experience and no sales gets paid the same as an agent with several years experience and hundreds of successful sales. An experienced agent can help you avoid costly mistakes, and make your home buying experience an enjoyable, stress-free one! (Harold is a licenced realtor since 1979)

 

#2 Failing to have a Market Analysis prepared before offering.

Before you make an offer to purchase that special home, you must have a good idea what the market value is to ensure you do not overpay. Your agent can prepare a Comparative Market Analysis showing what similar homes have recently sold for, and the difference between the asking and selling prices. This is the same type of report the seller receives when deciding on an asking price. Wouldn't you like to have access to the same information as the seller?

 

#3 Failing to recognize different negotiating styles and strategies.

Many buyers think that the way to achieve a fair purchase price is by offering low. This is the strategy of the buyer who is not in possession of all the facts essential to negotiating the best possible deal. Many times that type of strategy will slowdown negotiations and lead to inflexibility on part of the seller - or worse yet - failed negotiations!

If you have chosen your REALTOR wisely, the most effective strategies for this particular situation will be revealed to you. Once you have had the market analysis prepared, you can make an informed decision at offer time. Remember, in the real estate business, an agent with many successfully closed transactions usually costs the same as someone who is inexperienced. That experience could mean a better deal at the negotiating table with a minimum amount of hassles.

 

#4 Failing to have the home inspected by a competent home inspection company.

Buying a home is a major purchase usually made after spending just half an hour looking at the home. Isn't it worth ensuring you will not be surprised later with deficiencies costing thousands? Your REALTOR can recommend several reputable companies for you to choose from, and will ensure the appropriate clause is inserted in the offer

 

#5 Not knowing and understanding your rights and obligations set out in the Offer To Purchase.

It is important to understand completely the terms of the Offer to Purchase. Wrong assumptions, poorly written or missing clauses, and not understanding how the clauses affect the purchase, can lead to increased costs or a void contract. An experienced REALTOR can thoroughly explain the agreement to you and help you to fulfill your contractual obligations.

 

#6 Letting emotion blind reason.

Buying a home is an exciting time and is usually an emotional decision. It is important that those emotions be validated by facts and reason. You may fall in love with the colour or style and overlook the leaky basement. An experienced agent will help to remove the emotion from the negotiating process and provide you with the information you need to make the right decisions.

 

#7 Failing to take the steps to be financially pre-qualified, and having an interest rate guarantee before looking at homes.

Knowing how much you can comfortably afford will ensure you are looking in the right price range and prevent you from buying a home that will strain you financially and emotionally. Having an interest rate guarantee will protect you in times of fluctuating rates and ensure that your initial projected payments do not suddenly escalate, resulting in extra interest charges. An experienced REALTOR can help you initiate this process and can also recommend alternative sources of financing.