Think you know what your real estate agent does? Here are 50+ ways your agent can help when you’re buying a home:
- Help you identify your buying goals and expectations
- Lead you in developing your wish list, prioritizing your must-haves, nice-to-haves and must-nots
- Recommend the ideal timing to buy home, balancing what’s best for you with what’s happening in the market
- Help you secure financing by introducing you to lenders and mortgage brokers
- Send you listings of homes for sale
- Identify potential homes, neighbourhoods and opportunities you may have overlooked
- Help you understand which government programs and rebates you qualify for
- Preview properties on your behalf
- Coordinate and schedule in-person showings
- Tour you through homes virtually via Zoom or video
- Introduce you to new neighbourhoods
- Help make sense of financing options and the costs of owning a home
- Recommend the best real estate lawyers and home inspectors to help with your purchase
- Sift through property records and MPAC to understand the legal status of a home
- Introduce you to homes that are for sale but not on the MLS
- Provide market valuations and prepare a Comparable Market Analysis (CMA) before you make an offer
- Educate you about land transfer taxes, legal fees and closing costs, so you don’t have surprises on closing day (Related: All About Closing Costs)
- Help you estimate and plan for the ongoing expenses of owning a home
- Help keep your emotions in check – falling in love with a home is great, but not if it means overpaying or making a risky decision
- Provide negotiating strategy options and recommendations
- Help educate you through every step of the process
- Ask the hard questions about the home you are interested in buying: is this the right home for you? Can you afford it? What pitfalls should you be ready for?
- Find out as much as possible about the history of a home, how often it’s been sold and for how much
- Mediate the (sometimes) complicated relationships between spouses and others involved in the buying process
- Help you manage the stress and emotions that normally occur when buying a home
- Protect your legal interests at all times
- Go into scary basements to help assess a home’s potential pitfalls
- Perform due diligence on properties you are interested in: from calling listing agents to checking on open building permits, easements and more.
- Obsessively update the MLS to see new listings that you might be interested in
- Educate you about schools and daycares in the neighbourhoods you’re interested in
- Help you understand how prices have changed over the years and what to conservatively expect in the future
- Help you navigate the speed bumps that can occur when buying a home
- Provide current market intelligence, beyond the monthly statistics. What’s really happening out there?
- Develop strong relationships and communicate with the listing agents of the homes you are interested in, 24/7
- Help you see the future potential of a property: what can you do to increase the value of the home if you buy it?
- Prepare you for a bidding war…what can you do to win? (Related: Bidding Wars: Get Your Head in the Game)
- Help you understand the legal paperwork, what you’re signing and why (Related: Understanding Legal Paperwork for Home Buyers)
- Negotiate the price, conditions and terms of offers, always in your best interest.
- Help manage the disappointment of not getting the home you want
- Coordinate delivery of your deposit to the Seller’s real estate brokerage (Related: All About Deposits)
- Attend home inspections
- Read seller pre-listing home inspections, highlighting any red flags
- Read condo status certificates, noting any concerns (fyi, your lawyer will ultimately provide you with guidance on this)
- Manage required waivers and amendments for offers with conditions
- Coordinate with appraisers and assist if things don’t go as planned. (Related: All About Appraisals)
- Connect your lawyer with the Seller’s lawyer so they can facilitate the closing
- Celebrate a successful purchase 🙌
- Connect you with tradespeople and the home service professionals you’ll need after you take possession of the home
- Accompany you on visits to your soon-to-be home before closing so you can measure rooms and plan furniture/renovations
- Hold your hand through to closing day, navigating any issues that arise
- Celebrate with you after a successful closing 🍾