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Posts tagged ‘buyer’

Upcoming First Time Buyer Real Estate Seminar – Sooke, Victoria, BC

Is this the year you stop paying rent and start paying yourself? If you’re considering buying your first home in 2012, you should make sure that you join me on February 15th (Langford) or February 16th (Sooke) for a free and informative interactive seminar – Buying Your First Home.  Read more

Oh My God, What Have I Done?!

 

 

Sleepless Nights

I think it should be a rule that REALTORS® have to complete one real estate transaction of their own every five years at a minimum. This would help put things in perspective and make us better agents. Having just completed a transaction for me and my family, I can certainly relate to the stress, anxiety, and sometimes, sleepless nights that a buyer experiences. I had purchased a home before, but it was 7 years ago. When we do many transactions each year for different clients, they tend to become routine (in most cases) and we can lose sight of the client experience. As much as we all think we understand our clients, it is worthwhile to become one every now and then to make sure.

In my experience, I had at least two sleepless nights, and more anxiety than I care to admit, wondering what the hell I was thinking buying a bigger house. I’m a pretty logical, reasonable guy, so this was not an impulse buy in the least. I calculated, re-calculated, extrapolated, and otherwise contemplated this purchase for the past 6 months at least. Once I had found the right house, I triple and quadruple checked my math to make sure I wasn’t committing financial suicide. I think I got a pretty good deal on my house – you’d think an experienced agent would know!

But all that doesn’t matter when those nagging, anxious thoughts creep into your brain late at night! No matter how illogical and frivolous these thoughts are when you really think about them, it can scare the crap out of you and shake your confidence so easily when they run away with your brain.

It’s Normal

Everyone feels this way. Talk to your friends and colleagues. Talk to co-workers and your family. Chances are they will have had similar thoughts and feelings when they purchased their homes. And it’s not just the first-time jitters. I talked to another agent friend of mine who has completed five or six transactions in the last 20 years or so, and he still freaks out every time. The key is to work with a team of advisers (mortgage broker, REALTOR®, financial planner, etc.) that you trust. They can help separate the important, key details from the noise of your subconscious mind that is keeping you up at night.

It Will Pass

For me, all the anxiety and stress disappeared the morning after the move. Here we were in our ‘forever’ house: me, my wife and our new baby daughter, and a pile of boxes and disarray. And it was perfect.

What about you?

Were you stressed about your first home purchase? What about your second or third? Did it get any better? When did it pass, and what advice can you offer readers about home-purchase anxiety?

Tim Ayres – Sooke Real Estate Professional

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Upcoming Free Victoria BC Real Estate Seminar: Buying A Home

House for Sale in Sooke

Ah… springtime… when a young person’s thoughts turn to… buying a home, of course! The spring market is here, and many first-time buyers are taking advantage of record low interest rates and making the jump into their own homes.

How much do you need and how can you save for a down payment? What’s the best type of mortgage for you? What homes are available and what sorts of programs are out there to help a first-time buyer?

How will the upcoming mortgage rule changes affect my affordability? Will the HST spoil my dream of home ownership?

All these questions and more will be answered at a fun, free, interactive seminar I’m putting on next month with two other professionals.

A Certified Financial Planner will talk about how to save for that ever-important down payment, and government programs to assist home buyers. Find out the details of how to borrow from your RRSP tax-free to help you buy a house, and other tricks of the trade.

Robert Boyd, Mortgage Expert with Dominion Lending will present on the various types of mortgages that are available, how to apply, and how to get the best rate possible to save you money. Learn about mortgages and rates, amortization and prepayment and take the mystery out of mortgages

Tim Ayres (that’s me!), REALTOR® with Royal LePage Coast Capital Realty will walk you through the home-buying process – how we search for a home together, showings, offers, negotiation and finally, getting the keys to your new home. Find out what to look for, how to ensure you get what you need, and how having an experienced REALTOR® on your side can help.

When: Tuesday, March 30th, 2010, 7PM.

Where: Investors Group Westshore office, 201 – 630 Goldstream [map] – [street view]

The seminar is free, but we have limited space, so please phone me at 250-885-0512, fill in the form below or visit TimAyres.ca/seminars for more information.

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!

Upcoming Free Victoria BC Real Estate Seminar: Buying A Home

House for Sale in Sooke

Is 2010 the year you decide to stop paying rent and invest in your future in the form of your very own home? How much do you need and how can you save for a down payment? What’s the best type of mortgage for you? What homes are available and what sorts of programs are out there to help a first-time buyer?

All these questions and more will be answered at a fun, free, interactive seminar I’m putting on next month with two other professionals.

A Certified Financial Planner will talk about how to save for that ever-important down payment, and government programs to assist home buyers. Find out the details of how to borrow from your RRSP tax-free to help you buy a house, and other tricks of the trade.

Robert Boyd, Mortgage Expert with Dominion Lending will present on the various types of mortgages that are available, how to apply, and how to get the best rate possible to save you money. Learn about mortgages and rates, amortization and prepayment and take the mystery out of mortgages

Tim Ayres (that’s me!), REALTOR® with Royal LePage Coast Capital Realty will walk you through the home-buying process – how we search for a home together, showings, offers, negotiation and finally, getting the keys to your new home. Find out what to look for, how to ensure you get what you need, and how having an experienced REALTOR® on your side can help.

When: February 9th, 2010, 7PM.

Where: Investors Group Westshore office, 201 – 630 Goldstream [map] – [street view]

The seminar is free, but we have limited space, so please phone me at 250-885-0512, fill in the form below or visit TimAyres.ca/seminars for more information.

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Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

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First Time Buyer Friday #5 – Do I Need A REALTOR®?

In my continuing series, First-Time-Buyer Fridays, I answer a common question from a first-time buyer. If you have a question to submit, first-time-buyer or experienced investor, put one in the comments below, or fire me an e-mail at Tim@TimAyres.ca.

The right agent can make all the difference.

The right agent can make all the difference.

Q. I can search the MLS® myself, go around to open houses myself, and call the number on the sign or ad of any home I want to look at, so why should I work with a REALTOR®?

A. While it’s true that you can do all of the above, it’s really worth your while to find a dedicated agent to work with. The role of an agent has changed drastically in the last few years. In the past, an agent would be the sole source of information on properties for sale, using a paper-based MLS catalogue. However, in today’s world, with property information available 24/7 on the Internet and in real estate publications, real estate agents are no longer the gatekeepers of all the information on real estate (although some would still like to believe that they are).

Before, all agents were assumed to be working for the seller; buyers were offered very little in the way of agency representation. Even the REALTOR® that would take you around in the back of his or her car and write offers on your behalf was technically working for the seller, with no direct legal responsibility to look after the buyer’s best interests. Today, there are agents that work only with buyers. An agent working with a buyer now works directly for that buyer and has the legal obligation to protect that buyer’s interests.

Working with an agent today is about convenience and care. If you see 4 or 5 houses you want to look at, rather than waiting around for 4 or 5 agents to call you back, you make one call to your  dedicated agent who will organize the listings in a logical showing sequence and book all the appointments for you. All you need to do is show up and check out the homes.In most areas, including Victoria and Sooke, a REALTOR® can also set up a personalized client account which will send you the most current listings, and will notify you of price changes for the type of property you are looking to buy. The private client accounts have much more information than you can find on the consumer-oriented real estate search portals like REALTOR.ca.

An agent also looks at things objectively, pointing out practical things you might have missed while being distracted by the stainless steel appliances! Over time, an experienced agent gives a wealth of information about the city in which he or she works. He or she will know which condos are the best, which buildings have problems, where the best pubs and cafes are.

An agent looks after your best interests. He or she will ensure your rights, needs, and wants are reflected accurately in the purchase agreement, and that the contract is legally enforceable. A good agent will pull up recent comparable sales to ensure you’re paying a fair price. A REALTOR® will help you take care of the details of closing, and can refer you to other trusted professionals you’ll need along the way like a lawyer or notary for conveyancing, home inspector, tradespeople, and so 0n.

Also, by working with an agent, you’ll get to know him or her and develop a long-lasting working relationship that continues after the sale in the years to come. He or she will get to know you and anticipate your needs and wants, and won’t waste your time showing you properties that you won’t like.

Some people believe that by working directly with the listing agent they’ll be able to get a better deal, but generally, this is a misconception. While REALTORS® are legally able to work with both a buyer and  a seller, if both consent, that agent already has a close working relationship with the seller  and is unlikely to give you a better deal, because he or she is already looking after the seller’s best interests and has a legal duty to the seller to obtain the best deal possible.

Finally, working with a REALTOR® to find your first home costs you nothing. A buyer’s agent is paid by the seller of the property you buy. You’ll appreciate the guidance and support of an experienced REALTOR®, who has helped dozens or even hundreds of people just like you get into their very first home.

Tim Ayres – Sooke Real Estate Professional

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