Real Estate 101
everything you need to knw
no more guesswork!
When you partner with us it is our goal to help you understand the complexities of a residential real estate transaction and navigate through the terms associated with each type of deal. It is our hope to simplify those terms and situations you will encounter throughout the course of a real estate transaction and make them easy for you to understand. A well informed and prepared client is a confident one and that is our goal at homeliveshere.com.
The Working With A Realtor form should be the first document you encounter whether you are buying or selling. It explains the types of representation that are available to you in the course of a real estate transaction.
Everyone knows that when someone makes a commitment to you in writing it means you have their full attention. With a Buyer Representation Agreement (BRA) you can be reassured that your REALTOR® will work as hard as they can to find you your next home when their commitment to you is in writing.
The Listing Agreement authorizes your REALTOR® and their brokerage to market and sell your home. Every detail of your work together, including the limits of your REALTORS® authority will be clearly defined. It provides detailed information about your home that can then be placed on the Multiple Listing Service® to help potential buyers find you. And, it forms the basis for drafting offers on your home. Any formal offer on your home starts with the Listing Agreement and this link explains one in plain English.
A Real Estate Brokerage may provide services to buyers and sellers without creating buyer or seller representation. This is called “Customer Service”. Under this arrangement, the brokerage can provide many valuable services in a fair and honest manner. This relationship can be set out in a Buyer Customer Service Agreement or Seller Customer Service Agreement . Whether it’s a seller or a buyer, a Customer Service Agreement is your commitment to us and our commitment to you.
Understanding the Agreement of Purchase and Sale and/or an Agreement of Purchase and Sale of a Condo is essential regardless if you are the buyer or the seller. The offer is a precisely worded document that sets out the terms and conditions between the buyer and the seller. Once the offer is made and accepted, and after any conditions or terms of the offer are met and/or removed, the offer becomes a legally binding contract. This means that the buyer and the seller are contractually obligated under law to hold up both ends of the agreement and complete the transaction. For that reason, you must be very sure you understand what is in your offer before you sign it.
“Everyone in Toronto constantly discusses real estate. But you rarely hear people talk about real estate agents — except for the homeliveshere team. Anyone who’s worked with them speaks about their talents in the highest terms, and for good reason: they are pros. They make the process easy, take care of all the details and have a true sense of what their clients are looking for. Buying a home should be a happy experience, and homeliveshere makes sure that it is.”
