House Hunting In Toronto Real Estate Guide: Why Use A Realtor When Selling

Toronto Real Estate Guide: Selling A House In Toronto

MENU	WHY USE A REALTOR WHEN SELLING?	FSBO
	Most people sell their homes with the assistance of a Realtor. Why? Because that way you have the best chance in getting your property sold at the best price, quickly and with minimum hassle. Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. The average home in Toronto sells for between $225,000 and $325,000. If you had a tax problem or a legal dispute for that amount of money, would you deal with it without the help of a tax consultant or an attorney? A professionally trained real estate sales representative may be able to sell your home quicker at a better price than you could get privately because he or she has greater access to potential clients. Furthermore, you will be able to go through the transition period with less worry and inconvenience. As your real estate sales representatives we offer you the following services: We provide effective advertising and will cover all the costs as part of our service to you. Your home will receive far-reaching market exposure through the Multiple Listing Service (MLS) You can depend on our support every step of the way. We will provide you with a full explanation of the selling process and what to expect from the beginning. A selling price will be established in consultation with you that will appeal to buyers interested in your type of home and neighbourhood. We will assess your home and provide you with tips on how to highlight its best features and make it more appealing. A marketing plan for your home will be developed to help it sell quickly at or near the asking price. In addition to MLS listing and advertising in newspapers and other media, most plans will include a number of open houses. We will save you time by separating the lookers from the buyers and ensuring that only serious buyers visit your home. When an offer is received, we will use our knowledge and experience to negotiate an agreement on your behalf and according to your instructions. If you accept an offer, we will participate in drawing up a legally-binding contract that protects your interests, ensures any conditions to a binding agreement are fulfilled, and that all your questions and concerns are dealt with to your complete satisfaction. Source: Ontario Real Estate Association	When it comes to selling a home, you probably have asked yourself: Should I use a Realtor, or can I do it myself? After all, the do-it-yourself method could save you quite some money on real estate commission. Right?
		REALTOR
		By Realtor, we mean a licensed real estate professional who is a member of a local real estate board as well as the Canadian Real Estate Association (CREA) and, in Ontario, the Ontario Real Estate Association (OREA). When you work with a Realtor, you can expect strict adherence to provincial law and to a national code of ethics.
		HOW DO WE GO FROM HERE?
		Of course we would be happy to sell your home for you. It is important that you feel comfortable with us as your real estate sales representatives. We will probably become part of your life for a couple of months popping in with clients or organizing open houses. We invite you to surf our website to get a first impression. If our approach appeals to you, please call us at 416-461-0925 to get acquainted and to discuss the possibilities. You can also send us an e-mail. We look forward to hearing from you.
	FOR SALE BY OWNER
	Granted, some people are able to sell their own homes without the services of a real estate agent. Real estate sections of public libraries abound with books on selling your home privately. In addition to pointers on sprucing up your home for maximum sale ability, they provide home owners with tips on the "psychology of showing a house." However, most successful do-it-yourselfers are either very experienced home sellers or simply transferring ownership to a child, a coworker or a tenant who is already living in the home. These circumstances are the exception, not the norm. For most people, a For Sale By Owner (FSBO) transaction is not that easy. Here are some reasons why. Do-It-Yourselfers can't list their home in the MLS. The Multiple Listing Service does not permit For Sale By Owner listings because this membership organization is open only to licensed real estate brokers and their representatives. Do-It-Yourself sellers are also locked out of many major home search engines and directories. Surely, there are other websites where they can list their home, they can put a for sale sign in the front yard and they can run an advertisement in the local newspaper. But the home will never get nearly as much exposure as it would through the MLS and the services of a real estate representative. Professional Real Estate Agents will not show FSBO homes. In a typical home sale, the buyer is represented by a real estate sales agent who receives a percentage of the commission that the seller pays the listing agent. Without a listing agreement, there is no guarantee that the buyer's agent will be compensated for his or her services. Even if the FSBO offers to pay the buyer's side of the commission, most agents will be reluctant to go through a transaction with a self-represented seller. FSBO homes usually overprice their home. Like most homeowners, most Do-It-Yourself sellers honestly believe their own home is more worth than comparable homes in the same neighbourhood. Very often they are wrong. A real estate sales representative can provide an update on market conditions, an assessment of the likely selling price of the home and tips for improving the home's buyer appeal. Do-It-Yourselfers are likely to stumble into trouble. Real estate transactions are fraught with potential liability for unwary sellers. A FSBO who overlooks even one required form or legally mandated disclosure could face a protracted and expensive buyer lawsuit after the transaction closes.