barriehome.net

“Wow, you have made the big decision to buy a home. Now what do you do?

The majority of home purchasers will select a knowledgeable Realtor to show them numerous homes and negotiate the best possible price for their dream home. When purchasing or selling a home with a Realtor, make sure you sign an Agency Agreement to determine if the Realtor is acting on the Purchaser’s or Vendor’s behalf.

Some Purchasers and Sellers will try to buy and sell privately. However, this process is not recommended for everyone. Without Real Estate and Legal knowledge problems may arise when determining the real market value and legal steps that must be followed.

When viewing Builder’s Model Homes, remember that the sales person at the site is representing the builder. If you are working with a Realtor it is recommended that you let them represent you as the “Buyer Agent”. This means that they are working on your behalf and looking out for your best interests not the builder’s. Builder’s Purchase Agreements are more complicated than a standard Agreement. Therefore, it is always advisable to have yur Realtor or Lawyer review the document before signing.”  

- Gary Meger, Dominion Lending