Most estate agents are members of either The Property Ombudsman (TPO) or the National Association of Estate Agents (NAEA) and should be registered with the Office of Fair Trading-approved Estate Agents Redress Scheme.You may want to check out our Ontario office for more.
Purchasing a property-Realist approach
Half-price buying home used to exist as well. At one point, Canada’s foreclosures would allow for the sale of hedged homes at rock-low prices. The new rule, which has been in effect for many years now allows the homes to be sold for foreclosed properties at the best possible price or the borrowers will be sued. Therefore, often foreshadowed homes sell higher because Canadians have the misconception that foreshadowed homes are a very good deal which causes a reverse effect to it. There were a lot of people buying foreclosed homes who thought they had a good deal and did not do a thorough search as to the true value of the house. Now, wiping out the myths of buying homes from fast money makers, there are still many things you need to be aware of before you start.
If ever an industry exists with more sly sales strategies and people driven by profits, it has got to the real estate industry. You may be dishing out $350 000 as a buyer and everyone wants a slice. The Agents of Real Estate want a slice. The lenders would like a slice. The attorneys want a piece and they want it from the sellers. No wonder this company has so many scams.
The first thing the Real Estate Agent wants to be conscious of is. A Real Estate Agent is expected to work to purchase or sell the home on your behalf. Each home buyer and home seller would have their own real estate agent called Real Estate Agent for Buyer and Real Estate Agent for Seller.