Why You Still Need a Realtor to Buy a Home in Toronto
Written by: Erica Mary Smith
Posted on: January 4, 2016
For homebuyers in Toronto, it has long been the standard to use a Toronto realtor to help make a home purchase. However, in recent years, there has been a small uptick in the number of homebuyers deciding to try purchasing a home on their own using one of the many online services that can help connect buyers with sellers. Unfortunately, many buyers in Toronto end up being burned after using these services. For the Toronto real estate market in particular, there are many reasons why it is a good idea to use a realtor or real estate professional instead.
When the real estate market is “hot,” you want every edge you can get. There is very high demand forhouses for sale in Toronto. Services that don’t require a realtor can work for buyers when the market is not very hot, but when there’s a high demand for homes, it’s essential to have a professional who can represent your interests and ensure you get the right house for the right price. Many home and condo sales in Toronto end up in bidding wars or are snapped off the market quickly. A realtor can help you navigate the fast and murky waters of the real estate market.
When you’re buying a home, you want to get the right price. Nobody wants to pay more than he or she has to or his or her budget allows. Particularly in Toronto, prices for homes can skyrocket when bidding wars occur. Negotiation requires finesse and expertise, which a realtor can provide. When negotiating a deal on your own, you can easily end up turning off the seller and losing the sale to another buyer. A realtor will ensure that you get the home and that you get it for the best price possible.
As professionals, realtors are licensed and have to adhere to strict regulations. The same is not true of home sellers. Home sellers may try to take advantage of you, overcharge you, or hide certain flaws or defects of the home. Realtors, on the other hand, are required by law to act in your best interests. You can be assured when using a realtor that they will not hide any information from you or take advantage of your inexperience. Realtors live by their reputation, so you know that they will act in your best interests because if they don’t, you will have legal recourse.
Access to More Homes
It can be hard to find the right home in Toronto before it’s snapped off the market. It’s especially hard if you are trying to find a home on your own. Realtors have access to a wide range of listings that are not available to the public. There are many real estate listings that are only easily accessible to realtors. As well, realtors work with sellers, allowing them to have wider access to available homes on the market.
Condo Chicks from Stomp Realty Inc. is a dedicated team of realtors who are behind some of the most prestigious and prominent condominium sales in the Greater Toronto Area. We take pride in negotiating on your behalf to represent your best interest. For more information, please contact us by calling (416) 366-3033.