Call: 1.604.275.2997 Email: ron@thevpgroup.ca
Commissions are paid by the seller. It is critical in a real estate transaction to be represented and have a highly skilled professional looking out for your best interests throughout the entire process. This will be more than likely the biggest financial decision you will ever make and it's very important to work with someone you trust. Google your agent. Read testimonials. Ask for references.
A Buyers Agent can identify any potential problems or red flags, that many Buyers may not notice or pay attention to. Since an agent goes into various properties on a daily basis, they have the expertise and experience to identify potential problems quickly.
It's very important to work with someone who is local and is knowledgable in the desired area you would like to buy into. Whether it's shopping, transit, schools, crime, demographics, amenities, entertainment, parks or other factors, the agent should have the info you need or else can quickly find out.
Ensuring that all properties that are available are shown to the prospective buyer in a timely manner. Whether that be through private showings or open houses, all schedules will be taken care of by the Buyers Agent.
This also leads to writing highly competitive offers. The Buyers Agent can prepare a subject free offer, while greatly minimizing the risk to the buyer. This can be achieved by reading documents ahead of time, arranging for a pre-inspection and financing beforehand as well. Of course, the risks of writing this type of offer would also be explained in detail, so the buyer can make an informed decision.
When buying a home in Vancouver, there are other professionals that are needed to ensure a smooth experience. Mortgage professionals, home inspectors, lawyers, handyperson, cleaner, locksmith, movers, draftsman, security, measurer, insurance, accountant, etc. just to name some of the commonly used ones. I have worked with each of these professionals and have picked the most reputable, who provide reasonable rates and good quality work in a timely manner.
A significant benefit you will have is a Buyers Agent knows how to negotiate and understands the local market. They can find many different angles to negotiate the price down if it's not a competitive offer scenario.
Agents will ensure that you are not pressured or feel uncomfortable when viewing properties. The same applies to when you visit a presentation center, as each development will present their product in a way that it is the best option out there. A Buyers Agent will keep you grounded and give you the pros and cons of each property in an unbiased way. They shouldn’t have any strong motivator for you to buy anyone's property over another.
A Buyers Agent will never let you overpay for a property. If for example, a property in the same building sold for 50k less compared to the one you are viewing, the agent should be able to tell you if the other property was renovated, how many days on the market and concrete reasons for a lower price point.
A Real Estate Agent will still come in handy for questions once you move in. Anything from dealing with strata, security alarm, renovations, utilities, landscaping, tenants, damage and more.
You may be viewing a property with a tenant residing there and possibly even buying a property and inheriting the current tenant. An experienced agent will be able to help you with every aspect of renting out your investment property. Not to mention, a Buyers Agent can recommend a current market rental rate, which could be a significant factor.
A Buyers Agent‘s most underrated task is that they will read and review all pertinent info about the subject property when you find a home worth making an offer on. If it's a strata property, all minutes, the engineer's report, depreciation report, AGM's, SGM's and other documents will be read thoroughly by the Realtor. If necessary, the agent can recommend the buyer to seek independent legal advice. As well, the Buyers Agent will complete all necessary paperwork when buying a home, aside from the contract.
An experienced agent will tell you the specifics: if a property will be rented out, what type of rent can be expected, the type of tenant and other key factors when considering buying for investment. It's helpful to work with an agent who has experience with rental properties as well, especially if you are looking for an investment property, or to at least have that option down the road with your property.
The real estate industry is quite broad and growing daily. There are a number of questions to look at, and rest assured you are making a wise investment decision. Here are few FAQs to look at.
Buying a home is a lifetime investment you will never regret. You should get every step of the entire process right, and this starts by working with a buyer's agent realtor. Working with these professionals is a decision you will never regret.
A buyer agent will help you find the right property. Your agent will schedule an appointment to tour the homes and pick a design that will fit the bill and satisfy your needs. Your agent will also aid negotiate the best deals and overcome any unlikely setbacks. Substantially, it's free to hire a buyer's agent, and you will have someone by your side who understands the local real estate market.
Working with an agent is a wise decision to make. But are there any reliable ways to find the best agent near you. Finding the right buyer agents can feel overwhelming and taxing, but then again, this is a rewarding decision to make.
With this in mind, here are reliable and reasonable ways to find a buyer's agent. Have a look:
Seek referrals from friends, relatives, or colleagues who have worked with a reputable agent before.
Search online for the best real estate professional in your locality.
Interview at least three real estate agents.
Request references and check them.
Talk to a lender before hiring a real estate buyer agent.
You don't have to pay the agent. The selling agent you will be dealing with has a contract with the seller and will get a commission. And if the buyer comes with their own realtor, the selling agent will have to share the commission with the realtor. The good thing, a buying agent, can negotiate their commission with the homeowner.
A buyer's agent is a trained, legally licensed real estate professional who works closely with a buyer and helps them satisfy their interests in real estate transactions. Buyer agents will represent a home buyer and ensure they strike worthwhile deals.
As a buyer's agent, you will make sure your client's interests are protected. Significantly, these professionals will help potential buyers with all aspects of the entire process of buying a home, and from start to finish.
When undertaking real estate transactions, it's wise to work with a buyer's agent. The good news, you don't have to struggle to pay for their services. The seller will pay the cost on their behalf as all the agent fees come out of the seller's side of the transaction.
When an agent brings a buyer, he or she will expect to get paid. The good thing is the buyer will assume that the payment is covered with the sale price. Before hiring a buyer agent, know whether the seller is willing to pay for the services.
It's wise for the buyer also to sign a buyer representations agreement to clarify that if the seller refuses to pay the commission, the buyer is responsible for payment based on the signed contract.
It's wise to interview a buyer's real estate agent before you decide to work with one in the market. This interview will help you ask the right questions and figure out whether you are working with the best agent. Here is how to go about interviewing your buyer's agent.
Look at past client satisfaction.
Requirements and agreements
What technologies does the agent use
Check their real estate track-record
Real estate experience
There are situations where you have to sign a buyer agent agreement. Some agents require them, and so do some provinces, states, and localities. You have to consider what's right for you and what's ethical.
Be selective about who you want to sign with. Go on and make sure the contract terms are favourable. You have to read and negotiate the terms of your buyer's agency agreement. And to buy a home with the help of an agent, it's wise to put down your sign.
Real estate agents work under the broker who represents the seller. On the other hand, a buyer's agent represents the buyer and focuses on satisfying the interests of the buyer during the sales transaction.
Realtor fees are the cost of doing business with a realtor of choice. Each transaction will represent a different set of possibilities. Realtors earn their fees through commissions, and a single commission is split multiple ways among the broker and the buyer's agent.
The fee you decide to split will depend on the agreement you struck with the sponsoring broker. It is usually the seller who has to pay the commission, but it's wise to negotiate a split and leave every party satisfied.
About Ron
I'm in my 14th year as a Realtor® and have acquired extensive knowledge of the rapidly changing Vancouver market and surrounding area. To find out more, please see my About page.
Our Partners
About Ron
I'm in my 14th year as a Realtor® and have acquired extensive knowledge of the rapidly changing Vancouver market and surrounding area. To find out more, please see my About page.
Our Partners
Ron Parpara PREC - Vancouver Realtor
Old address: 1286 Homer St #400, Vancouver, BC V6B 2Y5
New address: 701 W Georgia St, Suite 1500, Vancouver, BC V7Y 1G5
(604) 275-2997, ron@thevpgroup.ca
