At Superstars Realty, we’re the best real estate brokerage in the GTA that homebuyers can rely on to find a great home. We operate in various regions and cities, boasting an impressive list of properties that you can explore and take advantage of. Now is the best time to consider buying a new home and working with one of our excellent real estate agents to guide you through the process.
Contact us at Superstars Realty today to evaluate our featured listings and discover the right property for you! Here is how an experienced real estate agent can net you the home of your dreams.
Why Is The Real Estate Market So Hot Right Now For Buyers?
Trends can come and go and housing very much works the same. Each and every real estate market is different from one another and goes through its ebbs and flows. Prices and values for homes vary in towns, cities, and neighbourhoods. Real estate agents help you understand the local market and guide you in your decision-making process.
Great real estate agents know what goes into buying a new home and they understand the intricacies of the local housing market. This can go a long way in your successful bid to make an offer for your home. With a hot real estate market, it’s important that you rely on an experienced real estate agent to ensure they have the best houses to sell in an area. If this isn’t accomplished, it could cost you thousands of dollars when you make a competitive offer that doesn’t align with the local value of the home.
When you do find the perfect home with your agent, you’ll have to then deal with a couple of more steps.
I Found A Property I Want To Buy. Now What?
Once you’ve found the desired property to purchase, you officially make an “Offer to Purchase” that lists your proposed purchase price and any other conditions that you want to be included. These conditions can range from setting up a mortgage, having the ability to sell your present home, or renovating the property before the deal closes. You can also consider hiring a qualified home inspector, along with your real estate agent, to ensure the home is in top condition for completing the deal. Have these conditions in writing rather than just verbally agreeing on it.
From here, the seller will either accept your conditions of the sale and sign a contract or refuse and make a counteroffer. Expect some back and forth negotiation with your real estate agent to get the best value for your investment. Time limits for the offers and counter offers will help speed up the process towards a final agreement. If more time is needed, it’s important to get a written extension from both parties with the help of real estate agents or lawyers.
What Happens At Closing?
When you and the seller have finally reached an agreement, your real estate agent will help you deal with any potential challenges or setbacks towards closing the deal. They’ll assist in making sure there are no unexpected titling issues and that the correct finances have come through.
When closing a deal, each party meets with their lawyer to sign important documentation. The buyer is then required to pay all fees connected to the transfer, such as deed registration costs, mortgage registration fees, title search fees, premiums, and lawyer fees. Afterwards, the sale is finally complete.
A reporting letter will be sent to you to confirm the closed deal and details of the transaction. Remember to ask your lawyer and real estate agent anything you don’t understand during the process. You have a right to understand what you’re agreeing to sign and this is an important job for a qualified real estate agent.
The housing market is very hot right now and we have an extensive list of properties for you to explore. Contact Superstars Realty today to speak with a real estate agent and find the perfect dream home now!