All the advantages of a purchase brokerage contract
Buying a property is often one of the most stressful moments in a person’s life. To simplify the process, the ideal solution is to call on a professional and sign a purchase brokerage contract.
By working with a real estate broker, you can be sure of having an expert at your side to guide you through the entire transaction. Before you start visiting properties, you’ll sign a brokerage contract. This legal document has several advantages, including:
1. You’re contractually protected.
All the broker’s obligations are set out in the purchase brokerage contract, and he or she is bound by them. This contract protects your interests during the real estate transaction.
<2. You have access to all properties.
Did you know that a broker with whom you have signed a purchase brokerage contract has the right to canvass and even solicit owners whose property is not yet on the market? They also have access to privileged information about upcoming properties on the market. This information is then shared with you, his customer!
3. You demonstrate your seriousness
When the real estate market is overheating and there are more buyers than sellers, the purchase brokerage contract clearly demonstrates your commitment to the buying process. This step can save you a lot of headaches, especially if you’re outbid, as your broker will have one more argument in your favor: you’re a serious buyer.
4. You can make the best decision.
The broker who contracts with you to buy a property wants to give you the best possible experience. They’ll make the process easier for you, tell you which neighborhoods are right for your family, and identify the pros and cons of the homes they visit so you can make the best decision based on your criteria and needs. During the visits, this professional can also identify improvements that can be made, as well as the home’s potential.
5. You have access to a professional who works for you.
Unlike the seller’s broker, your own broker acts in the best interests of the buyer (you!). His goal is to get you the property you want at the best possible price. Your broker will also handle the negotiations. All the factors to be negotiated, such as the purchase price, the conditions of the promise to purchase or the exclusions and inclusions at the time of purchase, will be determined by you, judiciously advised by your broker.
<6. Eliminate blind spots.
Do you know how much your total transaction will be if you include other costs, such as pre-purchase inspection, notary, transfer tax or moving? Your broker is also there to help you see things more clearly. Thanks to his network of contacts, he can also refer you to a good building inspector, a mortgage broker, a notary or other real estate professionals who can help you.
<7. You'll have access to the Tranquilli-T (RE/MAX) program
When you sign a purchase brokerage contract with a RE/MAX broker participating in the Tranquilli-T program, you’ll benefit from additional protection. The Tranquilli-T program is made up of 3 components: Delay and withdrawal, Death, Legal assistance and Small claims. Visit their website for full details, or contact a Tranquilli-T real estate broker.
Putting all your broker’s obligations in writing will give you many advantages, and will certainly ease your stress during the search for your future property and the subsequent real estate transaction. Find out more from the real estate broker of your choice.
