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Why use an agent to buy a home?

When you start the process of buying a new home, it is important to determine the type of representation you want to pursue. There are basically three options:

•       No Representation
•       Dual Agency
•       Buyer’s Agency

NO REPRESENTATION:

When individuals chose to contact listing agents to inquire about prospective purchases, rather using a buyers agent, they are often unaware that in many instances, the real estate agent showing them property is not necessarily representing their best interests.

DUAL AGENCY:

• If you choose to write an offer with the listing agent, you will be asked to enter into an agreement called “dual agency” representation.
• Dual agency means that the agent you are working with is “committed” to being neutral, and represents both sides equally.
• This arrangement is legal, but there are some things to consider.
• When you are negotiating a contract, you cannot be sure that the agent is working solely on your behalf.
• The Bob Toews Team has a Buyer’s Agent, who only represents buyers, and a Listing Agent who only represents Sellers.
• This effectively keeps your interests priority in the negotiation process.

BUYERS AGENCY

Buyers agents are full time professional Real Estate Agents.

• They are educated in the legal aspects of Real Estate Practice and licensed by the Real Estate Council of Ontario to provide Real Estate Services.
• They earn their living by serving the needs of homebuyers and sellers with integrity.
• Buyer’s agent’s are not paid a traditional salary.
• They work entirely on commission, which they receive only if they initiate and complete a transaction for you.
• Our Buyer’s agent’s are compensated only when all of your needs have been satisfied and you take ownership of your new home.
• All of the services provided on your behalf are uncompensated unless you purchase a home through us.
• Real Estate commissions traditionally are paid from the seller’s proceeds, not out of your pocket.
• Essentially Buyer Representation is a service FREE to you which protects your interests.

Your Agent should represent you professionally and competently.

• Our Buyer’s Agents will not only help you find a home, but will provide you with information on comparable homes recently sold in the neighborhood so you know whether the home you are purchasing is a good value or not.
• Our Buyer’s Agents can also help you obtain valuable information regarding schools, test scores, tax rates, churches, temples, shopping, and recreation opportunities.
• Best of all, these services are FREE of charge to you, as the commission is paid by the seller’s Agent regardless of who he or she is representing