Insufficient buyer preparation when searching for a property is a recipe for disaster. If you fail to prepare, the process will be long, frustrating, and filled with disappointment. Much of the work I do is with first-time buyers because it brings me great satisfaction to help people achieve their goal of home ownership. Unfortunately, many buyers make the same mistakes which prevent them from achieving their goals. I’ve created this educational series to help my clients improve their chances for success, and to better prepare them to navigate the highly competitive Vancouver real estate market. The real estate industry is evolving, and I will continue adding to and updating this series as necessary.
PART 1 – The Importance of Working with a Realtor
Many buyers try to learn about the market by viewing properties online and visiting open houses. There’s nothing wrong with this approach, and it can be educational, but not all property information is publicly available so you may be missing something crucial. Entering an exclusive relationship for representation with a Realtor will strengthen your position and allow you to access information that may not be available to unrepresented buyers. Ask yourself, how well informed do you want to be when you make the largest purchase of your life? If your answer is well informed, then hire a Realtor to represent you as a buyer!
I’ve created an extensive list on how a Realtor can add value to your property search. It’s also important for you to understand the law of agency, which you can read about in this article by the B.C. Real Estate Association – Why Use a Realtor?