Page 8 - BuyersPresentation-SimekGroup-Jan2021

SERIOUS CONSIDERATIONS

THE KEY TO BUYING YOUR HOME
IS QUALIFYING AND NEGOTIATING

When choosing a buying price, it should be based on THE CONFIRMATION OF COOPERATION
examining the statistics and then placing a realistic offer AND REPRESENTATION
with a tad of emotion. This Form is used to indicate to all parties involved
PAPERWORK the specific types of relationships that exist in their

FACTORS THAT INFLUENCE PRICING particular real estate transaction. This document is used
in part to reassure all parties that they will be treated
AGREEMENT OF THE PURCHASE OF SALE fairly in the transaction. The Form is used to set up an
• Location, location, location The Agreement of Purchase and Sale is the document arrangement between companies and is acknowledged
• New kitchen, bathrooms, flooring, paint, today’s trends that is used to state the Buyer’s desire to purchase the by the parties.
• A need for money property, and to negotiate the terms of the sale. It is WORKING WITH A REALTOR
commonly referred to as an “Offer”. This document
• Moving up in price or moving down also allows the Buyer a chance to outline in detail all When you sign a Working with a Realtor agreement,

• Family/school area/retirement/estate sale of the conditions they wish to be placed in their Offer you’re actually signing into a relationship with the
to buy the Seller’s property. Some common examples brokerage, not your specific agent. This protects both
of a Buyer’s condition include arranging financing (a you and your realtor, for example, if you’re unhappy
THE IMPORTANCE OF EARLY ACTIVITY with your realtor, you can switch to another realtor in
mortgage) for the property to be purchase, completing
• The sellers today are VERY educated with the market a home inspection, or ensuring the sale of their current the brokerage and you won’t be breaking your contract.
This is included in all agency agreements and realtor
home is completed before purchasing a new one. After
• Be aware of the Buyers market around you services – and it can save you from having to pay some
the Offer is prepared and signed by the Buyer, it is
presented to the Seller for acceptance. The Seller, in severe penalties.
turn, may want to make changes to the Offer for the FINTRAC
SELECTING THAT ONE REPRESENTATIVE
TO SELL YOUR HOME Buyer to consider. This process can continue back and The Financial Transactions and Reports Analysis
forth several times in an effort to reach and agreement. Centre of Canada (FINTRAC) is an agency of the
• Fees? Government of Canada responsible for facilitating
BUYER REPRESENTATION AGREEMENT the detection, prevention and deterrence of money
• Experience! Detail! Comfort! This Form is a contract between a Buyer and a real laundering, terrorist activity financing and other threats
• Trust, honesty and communication estate company that gives the real estate company to the security of Canada. FINTRAC receives reports
• Work together as a team to achieve that end goal permission to act on the Buyer’s behalf in the purchase from financial institutions and intermediaries, analyses
• Stand behind you from the start of your relationship to of a property. Assuming the Buyer is a Client of the and assess the reported information, and discloses
real estate company, the Real Estate Council of suspicions of money laundering or of terrorist financing
closing your home Ontario (Ontario’s governing body) REBBA Code of activities to police authorities and others as permitted

• Knowing how to negotiate with the Sellers Agents Ethics requires that Salespeople have a written Buyer by the Act. FINTRAC will also disclose to CSIS
• Dealing with the Lead Team Sales Representative Representation Agreement presented for signature information that is relevant to the threat of the security
• What are your QUESTIONS for us? prior to an offer being presented on behalf of the Buyer. of Canada.