Tuesday, January 12, 2016

Hiring a Real Estate Professional

Ask these five questions ahead of hiring a real estate professional

So you’re ready to invest in or sell your property, and you want the assistance of a real estate professional to assist you with the process.

But how do you decide the one that is appropriate for you?

Most suggest it’s a good idea to meet with at least a few different real estate professionals before selecting the one you’d like to work with.

Consider asking friends or family to suggest someone they’ve recently worked with.

As soon as you’re ready to meet up with with a few representatives, consider asking the following questions:

1. What is your experience? Experience is about more than how many years someone has been in business. Take the time to learn about the types of properties they typically work with, which cities or areas they work in, and how many homes they helped buy or sell in the past year.

2. What is your approach to the buying or selling process? If you’re buying, how will the representative search for suitable properties and what is their approach to negotiations? If you’re selling, how will your home be marketed to help attract prospective buyers? By understanding their approach, you’ll know what to expect and will be able to determine which representative’s philosophy and methods align with your preferences.

3. What services will be included? Discuss your particular needs and expectations with prospective representatives to ensure they are able to provide the services you expect. For example, when selling, will the representative have professional photos taken of your home? Will they host open houses? What about advertising? Understanding exactly what services will be provided, and later documenting them in your written contract, will help avoid misunderstandings later on.

4. What are the commissions or fees that I will need to pay? Commissions and fees can vary between brokerages and for the services provided, so be sure to understand what will be provided, and what it will cost. Keep in mind that, as with most things, the cheapest deal is not necessarily the best one.

5. Do you have references? As with most job interviews, getting in touch with references is an important step before hiring someone. So, speaking with past clients is a great way to learn more. Were past clients pleased with their experience? Was the representative responsive and easy to get in touch with? Would they recommend them to others?

“Buying or selling a home is a major decision, so it’s important to take the time to find the right representative for you,” says Richer.



Choosing the Right Real Estate Professional

In this video, RECO will walk you all through your steps for deciding upon a registered real estate professional.

With a lot more than 3,400 brokerages and much more than 63,000 registered brokers and salespersons in Ontario, you need to make certain you decide on the one that's appropriate for you.

Buyer Representation Agreement

Do I have to sign a Buyer Representation Agreement?

In short the answer is no.

You don’t need to sign a buyer representation agreement (BRA) with a brokerage, but you ought to think about the benefits it offers you as being a home buyer.

Your BRA defines the relationship involving the buyer (you) and the real estate brokerage that is working on your behalf. It sets out the property type and geographic location for your potential new home, lists the services being provided, addresses the issue of commission that may be payable to the brokerage, and it additionally specifies the duration of your agreement.

Signing a BRA confirms in writing that you are a client of the brokerage and documents the terms and obligations of the brokerage-client relationship. As a client, the brokerage has a special responsibility to follow your instructions, protect your confidential information and promote and protect your best interests.

To make the most of this relationship, it’s important to identify your needs and expectations.

Discuss what services you are looking for and determine whether the brokerage and the salesperson or broker are the right match for you.

To avoid misunderstandings later on, don’t make any assumptions and be sure to list all details in writing.

You should also ask what the broker or salesperson expects from you and what your obligations are.

If you’re not comfortable with the terms of the BRA, you can enter into a Customer Service Agreement (CSA) with the brokerage instead.

In this scenario, the obligations of the brokerage will be different.

While they will still help you buy or sell a home, they won’t have the same level of responsibility to you as they would if you were a client. For example, the representative would still show you properties and help you fill out paperwork, but they wouldn’t necessarily provide advice.

While the brokerage will have less of a commitment to you, so will you to the brokerage.

Typically, CSAs are not legally-binding contracts.

Think of it as though a BRA is a wedding band, while a CSA is a promise ring. The level of commitment from both parties will be less with a CSA.

Regardless of whether you sign a BRA or CSA, the brokerage will still have to act fairly, honestly and with integrity and provide conscientious and competent service.

Click to Enlarge

Keep in mind, a brokerage can choose to decline your business if you choose not to enter into a BRA.

As with any contract, take the time to read and understand each clause of the BRA or CSA. If you’re unsure about something, ask questions or consider seeking legal advice before signing.

And remember that while there are rights that come with any agreement, there are also obligations.



Monday, December 28, 2015

New Years Eve Vacation Getaways

Ones cozy long weekend vacation spot to bring in the New Year of 2016 with family on Halls Lake in the Haliburton Highlands of Ontario, Canada.

Wintertime functions for family time with the children like the following (weather conditions permitting)

  • Tobogganing or snow boarding our hill
  • Snowshoeing Halls Lake or nearby trails
  • Cross country or downhill skiing are nearby
  • Dog sledding with the Haliburton Forest or Winterdance Team

 Trouble viewing video above see Toboggan Hill to Lake

Come Celebrate having a New Years Vacation away from home inside a country surroundings on Halls Lake.

The Loralea Country Inn Resort is comprised of seven cabins and cottage rentals most with fireplaces found on Halls lake north of Minden, south of Dorset Ontario on highway #35.


Our most well-liked Lakefront Cottage (#7) is 20 ft from the lake that is great for a family of four or two couples in search of a New Years Vacation.

Our most favourite cabin #6 for a couple includes a wood burning fireplace and fantastic view of lake

Our 4 bedroom cottage for large families is ideal for 8 people with view of lake

Trouble viewing video above see Cottages and Cabins


Check out New Years Eve Vacations in a country setting

Learn More at: http://www.loraleacountryinnresort.com/vacationblog/long-weekend-getaways/new-years-eve-vacations-2016/