Is the idea of looking at dozens of homes in order to find your perfect home daunting? Here are some tips for conducting your home search— with the support of a real estate professional that can make the process quicker and easier.
The tips below are part of a series of blog posts that provide an overview of home buying essentials. In our previous posts, we discussed securing your financing; defining your goals, needs, and budget; and selecting your realtor®. If you would like to receive a comprehensive guide on buying a home, download our free 2015 Home Buyers’ Guide.
For additional advice on buying, investing or selling real estate, check out additional real estate tips on our blog.
Once you have selected your real estate agent and they have a full understanding of your budget and property requirements, you can expect them to provide you with:
Automatic Property Updates
As soon as a property that meets your desirable home criteria is posted on MLS, your real estate associate should send you an email alert to direct you to that listing.
Advance Access to Exclusive Properties
In some neighbourhoods, homes are sold within days, or even within hours, of being listed on MLS. Others are marketed and sold within a real estate company’s network without ever being made available to the public. In some cases, your real estate associate may be able to arrange for advance access to properties that are represented within their professional and company network.
Your real estate agent will schedule walk-throughs of properties matching your preferences and needs. You may also review properties on MLS or by visiting open houses, then contact your realtor® to schedule a private tour, should there be one that matches your needs.
Evaluation of Options
It can be challenging to determine the fair market value of a home and to assess whether it is “good value” for its listed price or for your budget. Variables that impact the value of a home or property include its location, neighbourhood, community plan, proximity to amenities, lot attributes, views, property size, interior and structural condition, construction type, age, unique features, and the state of the local real estate market. Your real estate associate should assist you in assessing the pros and cons of the homes you are interested in, and provide insight on recent comparable property sales so you have the information you need to place an offer and negotiate effectively.