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Create a real estate team before buying a home

Wednesday, April 8, 2015 @ 12:32 PM
Posted By: Bob Brown

(NC) Buying or selling property is a complex process, but it's not a lonely one. Real estate experts estimate that a person could speak to as many as 14 different professionals during the process.

“There are many players involved in a real estate transaction, from bankers to lawyers or even surveyors, so it's easy to feel overwhelmed,” says Patricia Verge, president of the Ontario Real Estate Association (OREA). “In some cases, speaking with a professional is vital to the procedure, so my job as a Realtor is to help connect clients with the right person at the right time to make the sale or purchase as smooth as possible.”

These are some of the professionals you may speak to during the home buying or selling transaction:

• Lender or mortgage broker: Meet with your financial expert to see how much home you can afford, or if you are selling and want to move to a larger home, how much more you can afford each month.

• Insurance provider: You'll need property insurance when you finalize the mortgage, so speak to an insurance broker or agent before the sale closes.

• Home inspector: OREA strongly advises every home buyer to have a professional home inspection before buying. Get a few names of reputable inspectors so you're ready to make that call when you want them to inspect the house.

More information is available online at www.wedothehomework.ca.

www.newscanada.com

Category: Real Estate

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