There are many real estate agents that you can consider working with when you are in the market to buy new Toronto real estate. Whether you intend to look for homes or condos in the local area, you can use the services of a skilled, experienced realtor at Slavens & Associates to help you locate a great property that meets your needs. Your realtor can also assist with negotiations and other aspects of the process so that you can more easily achieve your real estate goals. To identify the best professional to use, you must interview several real estate agents. During initial consultations, pay attention to which agents ask you these three important questions.
What Your All-In Budget Is
It can seem a little invasive for a Realtor who you just met to ask you about your personal financial situation, but the reality is that your finances will strongly dictate if you can afford to buy a house or condo. It can also dictate the quality of home, the location of the home and other factors. Many people have worked with a lender to obtain a maximum purchase price they can qualify for, but this does not mean that the monthly mortgage payment is affordable for you. The best agent will ask about your ability to pay the down payment and closing costs as well as what monthly payment you can afford when factors like insurance and taxes are taken into consideration.
If You Are Working With a Lender
Some people will reach out to real estate agents before contacting a lender. While there is nothing wrong with this, your Realtor should be aware of your pre-qualification status. Smart agents will recommend that you contact a lender as the next step in the process. Some may even make a few recommendations so that you know who to call for assistance.
What Your Short and Long Term Needs Are
Real estate is not typically a short-term investment, and many will own homes or condos in the area for several years or more before selling them. A home should meet your current needs for storage, functional space and style. It also should be ideal for long-term needs if you plan to stay in the home for a while. If you plan to move out and use the home as a rental property investment, your agent will also need to know this.
Your Slavens Real Estate agent is your main ally in your quest to find the right real estate for your needs and your budget. With this in mind, your agent should be focused initially on learning more about what you are looking for and what you can afford. The initial consultation is a time when you can ask your agent questions about his or her experience and background, but the right agent will also use the opportunity to get to know more about your needs and expectations.
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