Mississauga Buyer Agent
For most of us, buying a home is the biggest single purchase we will ever make and it can be a nerve wracking, downright scary proposition, especially for first-time home buyers. Some people can, and do, go alone when buying home in Mississauga. If you’re savvy enough to navigate the murky waters of a real estate transaction then more power to you. But the value of an experienced Mississauga agent is immeasurable, particularly for first-time buyers.
Traditionally real estate agents (Realtors) represented the seller. That was true if the agent helped a home owner market a home or a home buyer find the right home. But agents (Realtors) are legally bound to represent the seller and typically the seller pays both the listing agent and the buyer agent who brought the buyer.
If you planing to buye a house, condo or town house in Mississauga, it is wise to hire a Mississauga buyer agent know knows the market and works for you. It does not cost you anything to have a professional Buyer agent working for you and you will also get a incentive if you chose Sean Azim as your Mississauga buyer agent.
Mississauga Buyer Realtor
Do you have a Real Estate Agent (Realtor) working in your best interest?
If you want to have your own Real Estate Professional working for you and in your best interests, it is important that you enter into a buyer agent contract with the Real Estate Professional or sign a buyer customer service contract. There is normally no cost to you to have your agent under contract; the seller pays the commission unless otherwise arranged with you. However the agent you are using is now under contract to work only for you and in your best interests.
By law, unless your Misssissauga agent (Realtor) is working as a buyer agent and is under contract with you to do so, he is working for the seller. All Real Estate Agents (Realtors) even the one showing you homes, listening to your dreams about the house you want and your financial worries about the cost, work in the best interest of the seller. That means that by law Realtors must pass on to the seller of the home you are bidding on any information that may influence the home buying negotiations.
While for years most Realtors have, at least subconsciously, been working for their buyers after getting to know and care for them, there has been no law that says they are in fact the opposite is true. But how can a Realtor work on your behalf if he doesn’t know your financial picture, know where you will compromise in your wants, what are your essential needs. In short, how can a realtor find you your dream home if you can’t tell them your dreams?
Who is that REALTOR working for?
In real estate there are 4 different possible forms of agency relationships: Seller’s Agency, Buyer’s Agency, Buyer’s Customer Service Agency and Dual Agency.
When a real estate brokeragte is a “seller’s agent,” it must do what is best for the seller of a property.
A seller’s agent or also known as listing agent must tell the seller anything known about a buyer. For instance, if a seller’s agent knows a buyer is willing to offer more for a property, that information must be shared with the seller. Confidences a seller shares with a seller’s agent must be kept confidential.
A buyer can expect fair service and disclosure of pertinent information about a property.
Nothing will be misrepresented about a property. All questions will be answered honestly.
2. Buyer’s Agent
A real estate brokerage acting as a “buyer’s agent” must do what is best for the buyer. A written contract establishes buyer agency. It also explains services the REALTOR will provide, spells out who will pay and specifies what obligations a buyer may have. Typically, buyers will be obliged to work exclusively with that REALTOR. Buyer agency contract must also have a expiry date, which means after the expiry date you are free to work with any other buyer agent you wish for. It can also be cancelled at at any time with mutual agreement between buyer and buyer agent.
A REALTOR working for a buyer will keep information about the buyer confidential from the seller.
3. Buyer Customer Service Agent
If a buyer does not wish to sign a buyer agency contract with buyer agent, the agent can still work with buyer and provide the buyer customer service. This in term means the agent will be fair to both home seller and the buyer. If you have a buyer agency sing with your buyer agent, then he be dault provides customer service to the home seller but is agent as your agent and works for your interest.
A Realtor working as customer service to the buyer provides customer service both the buyer and the seller.
4. Dual Agent
Occasionally a real estate company and its sales representative will be the agent of both the buyer and seller. Under this “dual agency” arrangement, the REALTOR must do what is best for both the seller and buyer and strict procedures must be followed. A REALTOR can be a dual agent only if both the buyer and seller agree in writing. Ask your REALTOR for more specific details.
- REALTORS will be paid by the seller unless otherwise arranged with the buyer at his request. The listing agreement states the REALTOR’s fee.
- Buyers & Sellers will ALWAYS be told in writing who a REALTOR is working for.
- Ask your REALTOR for more information
Finding the right Mississauga Buyers Agent how do you go about it?
Finding a Mississsauga buyer’s agent in which you can have confidence and trust is similar to finding a seller’s agent. You need someone with whom you feel comfortable and who understands your needs and wants. It’s also important to find someone with the skills and expertise to help you find a new home as quickly and hassle-free as possible.
Sean Azim has been licensed since 2004 and has the sills and knowldge of market to help you find your dream home or investment property in Mississauga or Toronto. Sean Azim your Mississauga buyer Realtor also offers incentives to the home buyers in Mississauga and Toronto. Give Sean (Mississauga buyer agent) a call and find how he can help you find your dream property in Mississauga and what kind of incentives he offers for the month.