Lately everyone has been trying to buy and sell a house on their own, however you’ll come to realize this is no simple business transaction, not to mention the paperwork involved!
When you have a professional real estate agent from Rinehart Realty Inc. our REALTOR®, will help you achieve your goals, protect your interests and your transaction will go a lot smoother!
When you hire a Rinehart Realty Inc. REALTOR®, rest assured we will provide you with the best real estate agent that specializes in how to strategically price your home, negotiate your deals, and send off all paperwork to your mortgage specialist, lawyer, etc. We also provide recommendations on lawyers, home inspectors, and mortgage brokers if you want trusted professionals that will always have your best interests in mind!
Things to Note when Selecting your Team!
Whether you’re Buying or Selling a home in London Ontario, the first individual to get on your team should be a REALTOR®. Our Rinehart Realty REALTORS® are licensed real estate professionals who are members of LSTAR, our local London & St. Thomas real estate board as well as the Canadian Real Estate Association (CREA) and the Ontario Real Estate Association (OREA). Our real estate agents have successfully completed an intensive course of study and have developed skills, knowledge and experience through volumes of sales that most buyers and sellers don’t have. Even some other REALTORS® with 20 years of real estate experience, haven’t sold as much as we have, in the last 2 yrs!
Having a Rinehart Realty Real Estate Agent act on your behalf has many distinct advantages! The key benefit is that he or she can negotiate on your behalf, advise you on how to proceed with your purchase or sale and when to bring in the other experts and professionals you’ll need.
The REALTOR® you select should be someone that knows the London Ontario neighbourhood you live in or want to live in, has a good track record and will handle your sale or purchase as if it were their own! They will set you up to a neighbourhood alert so you will always get MLS listings sent to you in “real time”. This helps when you’re Buying a home, because you’ll get the listing before it hits Realtor.ca. It also helps when you’re selling your home, as you can keep on top of the competition in your area!
One of the most important decisions you must make as a seller is deciding the asking price of your home. Our experienced real estate agents can help you analyse your home and compare it with similar properties for sale or recently sold in your area. Your REALTOR® will also develop a marketing plan for your home that may include open houses, advertising and various listing strategies. Your Rinehart REALTOR® will also provide you with tips on small improvements you can make to help your home “show” better to prospective buyers.
Few people buy a home for cash. Most usually combine savings with money borrowed from a lender through a financial arrangement called a mortgage. Your search for a lender should begin with your search for a home.
Rinehart Realty Inc. can assist you in suggesting a mortgage broker that will help evaluate the many mortgage options you could potentially have and get financing at the best available interest rates and terms. When deciding which financial institution or lender to deal with, begin with your own bank, credit union or trust company — they already know who you are. But shop around and compare what different lenders have to offer. We personally prefer to use a Mortgage Broker as they have access to many lenders and often have given us the best rates.
Whether you are buying or selling real estate, it’s important to have a lawyer to represent your interests. That’s why you should have one on “stand by” before you put your home on the market or begin your search for a new home. Real estate documents, such as the agreement of purchase and sale, are complex and should be reviewed by a lawyer who specializes in real estate transactions.
As a seller, it’s wise to have a lawyer review an offer to purchase before signing anything. As a buyer, when an agreement is reached with a seller, a lawyer will help ensure you receive valid title to the property and that it is clear of any registered claims. Your lawyer will also calculate the amount of land transfer tax you will be required to pay as well as any adjustments to compensate the seller for prepaid bills.
If you are a buyer, you can avoid a lot of expensive surprises by bringing in a home inspector as a condition of your offer to purchase. The older the home you plan to purchase – even if it has been substantially upgraded – the more potential there is for problems. Being aware of any structural defects can help you decide whether you want to buy the property at all, or for the price you are considering.
For purchasers, another key member of the real estate team is the insurance broker. Creditors and mortgage lenders, almost without exception, require insurance on the home you buy before any purchase can be finalized. Start by approaching the same broker you use for other insurance policies – often, you are able to negotiate a better rate. But still shop around and ensure you get the coverage you need for what you want.
At Rinehart Realty we really want to help you get to the heart of the matter, and assist you with all of your Real Estate needs!
Contact us to book a Free Listing Evaluation, or to get set up to our MLS Alert System!