If you’re thinking about buying a home this year, there are some simple things you can do to make the process easier and safer. Check out these tips from the Real Estate Council of Ontario, which looks out for buyers and sellers.
- Shop around before you start shopping. You’ll want to find a registered real estate salesperson who is right for you. You could ask friends, family or coworkers for recommendations. Once you’ve made a short list of salespeople, talk to at least three of them. Sit down with them and ask about their real estate experience, references, services they provide, and how much they charge.
- Look them up on the RECO website. Before you sign an agreement, check out RECO’s convenient search tool to confirm that your salesperson is registered and to see if they have any disciplinary action against them.
- Have “The Talk.” It’s critical that you and your salesperson have a serious discussion about your needs and expectations. If you don’t have the skills or resources to undertake serious renovations on a home, for instance, it doesn’t make much sense to look at fixer-uppers. Make sure your agent knows what you want, and don’t want, in your chosen neighbourhood. Avoid frustrations by having a full and frank discussion with your salesperson.
- Understand what you’re signing. Don’t get left in the dark — whenever you are presented with a document, ask your salesperson to walk you through it, line by line. You might also consider hiring a real estate lawyer early in the process.
Find more information about your rights and responsibilities when buying or selling a home at www.reco.on.ca.