FOR BUYER:

Why should I use a real estate salesperson?

A real estate salesperson is more than just a salesperson. They act on your behalf, providing

you advice & guide to do the job also help to buy or sell.

If you're selling residential or commercial you need to access to the most buyers by being listed in

the Multiple Listing Service.  Only a licensed real estate agent have local MLS can get you listed

there. If you're buying or selling real estate the MLS are the best tools. The real estate agent is

becoming more of a guide than a sales person.

What do I need to decide when I’ve decided to buy a home?

If you've decided to buy a home, determine what type of community or neighbourhood you're

interested in also decide followings:

    * living space requirements (i.e. how many bedrooms);

    * what you're bringing with you from your old house;

    * how close to schools, shopping and other services;

    * down payment you can afford;

    * price range.

How REALTOR help me find my dream home?

Once you've identified the features of your dream home, the search begins. REALTOR will use

various tools to find properties that meet your specifications. REALTOR will start looking all around

online including MLS system. Realtor will find perfect property by considering all of your

specification.

How do I decide my price range when buying a home?

It's important to be realistic when you're talking about price range. You need to consider down

payment & monthly mortgage payment. You don't want to be saddled with something you can't

afford. At this stage, it's a good idea to talk things over with real estate sales professional.

Once I find a house I like, what would be the next step?

Once you find the house you want to make your home, you can work with a REALTOR to develop

an offer. State when the offer expires & suggest a closing date for the transaction. You can also

propose some conditions on the offer. Some common types of conditions are:

    * getting a suitable mortgage (include amount, interest rates & any other number);

     * selling your current home

    * the seller providing a current survey or "real property report."

    * Property title check (your lawyer will check a property title search easements, rights of way or

any restrictions);

    * if there is a septic system, the seller should have a health inspection certificate, stating the

system meets local standards;

    * if you still have any doubts about the home's safety and construction, you may wish to make

the purchase condition, inspection by a qualified engineer;

    * any inclusions - basically, what stays and what goes.

What will I need to bring with my offer?

You need to present a deposit along with your offer. An appropriate deposit will show your good

faith to the seller. The seller's agent is bound by law to bring all fears to the seller's attention.

After your offer is accepted and all the conditions are met, the offer becomes binding on both

sides. If you walk away from the deal at that point, you may lose your deposit. You may also be

sued for damages. Therefore make sure you understand and agree with all of the terms of the

offer before signing.

FOR SELLER:

What is a listing agreement?

The process of selling a home with a REALTOR starts with the Listing Agreement's a contract

between you and the brokerage company that the agent represents. It is a framework for

subsequent forms and negotiations. It's important the agreement accurately reflects your property

details and clearly spells out the rights and obligations of all parties. Both you and the listing agent

sign the listing agreement and each receives a copy. The agreement binds both parties to its terms

and conditions.

What is the main idea about this agreement?

Generally, in the agreement you appoint the brokerage company as your agent and give its

representatives the authority to find a buyer. The duration of the agreement is indicated & the

compensation is specified. The agreement also sets out the listing price & accurately describes the

property you are selling. That will include the lot size, building size, building style & materials, floor

areas, heating/cooling systems, room sizes and descriptions & ect.

This is when you must also decide what you are taking with you and what you are leaving with the

house. Generally, unless stated otherwise, fixtures remain with the property, while chattels --

things which are movable -- aren't included in the sale. Make a list of & inclusions & or & exclusions &

Finally, the Listing Agreement also details the financial conditions of the property, including the

mortgage balance, mortgage monthly payments and the mortgage due date. It should also provide

information about annual property taxes & references for any easements, rights of way, liens or

charges against the property.

Why should I list with a realtor?

When your listing is placed on the Multiple Listing Service®, the information about your property is

shared with all other REALTORS accessing MLS®, and all REALTORS have the opportunity to

sell your property. This type of cooperative effort will result in the listing agent offering

compensation to the selling agent. Your property gains more exposure, because it reaches the

majority of the real estate professionals in your community.

How much should I ask for when selling a property?

One major issue for anyone selling a property is how much to ask for. Although you may have an

idea of how much your house is worth, it's important to have your home valued by a professional

on its own merits. Be careful not to price yourself too high or too low. If it's too high, there's no

sale; too low and you lose on your investment.

A REALTOR has the research and expertise to provide a market assessment of what similar

properties in your area have sold for. They can also provide information on market history, such as

the number of properties sold in your community the previous month or year.

What different tools does a realtor have to help me sell my home?

Your REALTOR may also recommend an Open House as a marketing strategy. There are two

types: first is an agent's open house, where sales representatives from the listing company will be

invited to view your house. If you have signed an MLS® agreement, other REALTORS may also

be invited. Remember, each of these REALTORS may have a prospective buyer.

What is a public open house?

The second type of open house is a public open house, where members of the public are invited to

walk through your home and have a look. It's an efficient way to show your home to many potential

buyers at once. The listing agent will act as host, answering any questions.You and your listing

agent will pick the time and date for an open house.

What I need to do to prepare for open house?

Needless to say, clean counts with open houses. A general rule is that clean, uncluttered and well-

lit spaces look larger and more attractive. People will naturally want to buy a house that is clean

and well cared for.

What if my house isn’t selling?

Sometimes a home doesn't sell right away. Avoid the urge to pull your home off the market... be

persistent! Generally, there are three reasons why a home may not sell as fast as others. First is

location; second is condition; third is the asking price.

If I get an offer, should I accept it?

Once a buyer is found, you'll be receiving an offer that will detail how much, specify any conditions

that may apply or be attached by the buyer, when the buyer would like to take possession, and

when the offer expires. As an act of good faith, the buyer will make a deposit with the offer.

You don't have to accept the offer as is. You may wish to make a counter offer that comes part-

way to meeting the offers conditions. The counter offer is one more step along the way to

negotiating the final terms and conditions of the sale.

Once the offer is signed, if I change my mind, can I get out of it?

The offer, once signed by everyone, is a binding contract. Make sure you understand and agree to

all of the terms in the document. You may want to have it reviewed by your lawyer before signing.

What if I’m asked to give the buyer a current survey? Do I need to?

Before closing, especially if the buyer makes it a condition of sale, you may be asked to provide a

current survey, or a "real property report," showing the location of the house is on the property

owned by you and that there are no encroachments. You may also have to prove that you have

title to the property. Especially in rural areas, you may also be asked to provide a certificate for a

well or septic system, stating the system meets local standards.

The buyer may also make the purchase conditional on an inspection by a qualified engineer or

inspector.

Do I need a lawyer? If I do, what is their role?

Before closing day, lawyers representing you and the buyer will set up a trust account for the

money coming from the sale and will pay off any mortgages you owe on the property. After these

are paid, you will receive any money you have coming from the sale. You must deliver the property

deed or transfer documents, mortgage details and keys to your lawyer. Your lawyer will register

the mortgage discharge and transfer the deed at closing,

Your lawyer should also ensure that you receive compensation for prepaid expenses such as,

property taxes, electrical or gas bills, or if applicable, any heating oil left in your tank. Some lenders

will make it possible for your mortgage to be portable, so you can take y our mortgage with you

when you move to your new home.