Bay of Quinte Resource Links

Services for Buyers

BUYING A HOME? BUILDING A NEW HOME?
IS RELOCATION IN YOUR FUTURE
?

I can help you find your dream home and guide you through the buying process.

Just Listed Homes Direct by Email!I Will ...

  • Provide you with facts about the real estate market in the area of your choice.
  • Help you determine the amount of home you can afford.
  • Give you an estimate of the costs you need to cover in purchasing a home.
  • Assist you in preparing a contract to purchase a home and in negotiating a reasonable sales price.
  • Show you how to obtain the best possible financing agreement.
  • Refer you to a top real estate professional to provide you with the above if you are looking for  property that is out of my service area.

Just tell me what you want.  I'll find it for you.

ADDITIONAL SERVICES that I provide:

  • RELOCATION PACKAGE
    A complete portfolio of information about the city you are moving to. This can be very helpful in orienting you to the local housing market as well as schools, shopping, transportation, entertainment, and many other things of interest.
  • MOVING GUIDE
    Provided to all Clients relocating upon the sale of their property to assist in a smooth transition to your new location.

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RRS "Registered Relocation Specialist"
Trained in Buyer Agency since 1993 !


Questions You Should Ask
When Buying Property

  1. What should I look for in a realtor when buying a home?
  2. What should I know about buyer agency?

1.  What should I look for in a realtor when buying a home?

A Realtor is a licensed professional affiliated with the Canadian Real Estate Association.   You must trust and feel comfortable with your choice.

Agency: In order to do a complete job, a Realtor must be full-time, hard-working and well-informed.  He or she should advise all potential Purchasers of any existing agency relationships and explain the difference between sub-agency and buyer-agency.  If he or she is comfortable acting for the buyer, dual agency should also be addressed.   You should find out what formal training a Realtor has completed if he or she is offering buyer representation.  A brief day or half-day seminar in buyer-agency doesn't necessarily result in an expertise that will protect a buyer from a sloppy unprofessional offer that fails to give the buyer the ability to investigate the property after an acceptable price has been negotiated and before the agreement becomes a binding contract.  What practical experience do they have?  Are the terms of the Agreement to Represent a Purchaser clear and acceptable to you.  Do you understand the advantages in committing to purchase through one Realtor who is secure in the knowledge that all his efforts will be rewarded and is obligated to share his knowledge and expertise with you and act in your best interest.

Don't be afraid to ask questions.   You should be made fully aware of the selling process.  Ask about market knowledge and background in your area of preference.  What resources are available to follow-up your ad calls, sign calls?  How does the Realtor plan to communicate.   Does the Realtor have a pager?... a cellular phone?..., an E-mail address?..., a 800 number? ..., a direct fax line?..., a computer?...

Real Estate Professionals inspect as many properties as possible.  They should be aware of the history of your area.  As a result (IF YOU HAVE HIRED THEM TO WORK FOR YOU) they should be able to demonstrate, to your satisfaction, what people are willing to pay and they should also show you what present listings and recent sales are.  They should be able to give you a complete, up-to-date picture of your marketplace.

It is also important to understand that the sales commission paid to the Realtor by Vendor, has traditionally always been split four ways:  Listing and Selling Sales Representatives plus the Listing and Selling Brokers.  Therefore, it is not unreasonable to expect the Realtor working for you as a Buyer to receive his or her compensation from the listing Broker instead of you, as a portion of the commission paid by the Vendor, after all the Vendor's commission is taken from the money you, the Purchaser, gave him or her to purchase the property.

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2. What should I know about Buyer Agency?

As part of a mutual agreement, you can elect to create a buyer agency relationship between us that will entitle you to the fiduciary client level services that include:

  • Loyalty
  • Obedience
  • Disclosure
  • Confidentiality
  • Accounting in dealings

As a buyer's agent, I will represent you and your interests in the purchase of your home.  This is different from a typical sub-agency transaction where the buyer is not technically represented.

However, the selling agent has the duty to exercise reasonable skill and care in the performance of the Broker's duties.   This is a duty of honest and fair dealing and a duty to disclose all facts knows to the broker which materially and adversely affect he consideration to be paid for the property.

A dual agency can arise if we have entered into an agency relationship and subsequently we look at a property listed with our company.  This is a potentially challenging situation because it is difficult to afford both parties full client level services.

Dual agency should only be entered into with the written agreement of both buyer and seller.

Agency is a legal relationship and a written agreement should be completed to explain all the duties and responsibilities.

*NB: IF YOU DON'T HAVE A SIGNED CONTRACT WITH A REALTOR IN ONTARIO, HE MAY BE WORKING AS SUB-AGENT FOR THE VENDOR!

The OREA has made a move to adopt assumed Buyer Agency.   However, it has not been accepted by all real estate boards at this time.

Doug's course in Buyer Agency was taken in Nevada in February of 1993, and he has attended several updates since then.

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Thanks for your interest....
 
For more information please contact :

Doug Row and the Action Team

Doug Row, Broker 
Bus: (613) 969-9907
24 HOUR PAGER
Home Office:
(613) 962-4137
Toll Free Direct: 1-800-969-9907
Fax Direct: (613) 969-9929
info@quinterealestate.com

REMAX Quinte Ltd.
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Brokerage

Red & Blue Line

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