What to Look for in a Buyer's Agent

Once you've made the decision to buy a condo, your next step is one of your most important: finding a real estate professional, who specializes in servicing buyer clients, to guide you through the process. A good buyer's agent will help you avoid common pitfalls, make wise home investment decisions, and bring order to the entire buying process. A Buyer's agent's services are FREE of charge you, in case you were wondering.

Realtors at MyCondoNetwork are licensed professionals who adhere to the Canadian Real Estate Association (CREA) and Ontario Real Estate Association (OREA ) Code of Ethics. Those belonging to the CREA and OREA receive continuing education and are up on the latest market trends, making them well prepared to offer you the most advanced real estate advice. Your agent will provide you a variety of tools and assistance to streamline your buying experience.

At MyCondoNetwork, we believe that the buyer should have their own professional representation, as well as the seller. If an Buyer's agent represents you, you become more privy to important buying info and receive the benefit of someone promoting your best interests in the buying process at all times — usually with NO commission to be paid by you!

One of the things to look for in a buyer's agent is their reputation and standing in the community. Realtors know (and are known) favorably in their territories. Because they know the neighborhoods inside and out, they can help you decide which condo is right for you. For example, you might see two condos in the same neighborhood as being identical, but your agent will be well-versed in their differences — no matter how subtle. In addition, even comparable condo's may differ in terms of contract, financing, inspection requirements and closing costs. Let your agent help with all the details.

You should also expect your agent to provide you with quick and easy ways to make the condo search process more convenient. Look for a buyer's agent who has access to tools that can help you weed through potential condos at your convenience, online. Being able to view property photos, information and details in advance of in-person showings can help save you a great deal of time in the condo search process. Technology-savvy agents should provide this type of service as part of their overall offering to you as a client.

A MyCondoNetwork agent actively approaches the condo-buying process with enthusiasm, experience and patience. Look for an agent who will:

• Work on your behalf to find your new condo.
• Research comparable properties to determine a fair price and terms.
• Prepare your Agreement of Purchase and Sale and accompanying legal paperwork, including any necessary disclosure documents.
• Negotiate for the price, terms and conditions that are agreeable to you.
• Accompany you and your home inspector on a thorough property examination.
• Follow up with your Mortgage Lender, Lawyer's Office, Listing Agent and others until the home is legally yours.

Finally, remember to employ an agent with whom you have a rapport. Knowing you're in capable, trusting hands will let you enjoy the excitement of the condo-buying process, not agonize over it.

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