Frankie’s Fredericton

We are all aware of the economic situation in the U.S and we all know how inter-connected Canada is with that economy.
With the stock markets crashing all over the world and all of the news stories painting a very bleak picture for the financial sectors, consumer confidence has hit an all time low.
People are spending less, on all commodities. When fear takes over, people tend to hunker down and adopt a wait and see attitude.
The real estate market is no exception. There are more homes for sale than there are buyers, and people are bringing their prices down, and offering incentives, to get people to buy.
This is good news for buyers.
As a potential buyer you can go on Realtor.ca and find the homes that you are interested in, you can call the name on the sign, you can go and look at several houses to try and find the right one for you. But stop!
When you call the name on the sign, that realtor is working for the vendor, remember, this is a buyer’s market! You want to make the best deal for you, so you should have someone representing you in the transaction.
You should have a trained professional working for your interests and negotiating the best deal for you.
A trained realtor will provide competence, obedience, good faith, full disclosure, confidentiality and loyalty to his or her client.
How do you become a buyer client? Simple, sign a buyer’s agreement which is a written agreement between the buyer and the realtor.
This agreement will set out the perimeters such as the parties involved, the time frame of the agreement, commission costs if applicable, and all legal aspects of such an agreement.
The buyer’s agreement protects you and the realtor and guarantees you the full obligation of the realtors broker to you as a client.
Another advantage of the buyer’s agreeement is that the realtor will be able to show you all of the houses that meet your criteria, even homes listed privately and not on multiple listing.
With the agreement you will be protected by the brokers liability insurance and also be represented fully throughout the transaction.
A buyer’s agent is going to work for you. He or she will be able to provide you with all kinds of pertinent information about the house, the neighborhood, zoning, etc. A buyer’s agent will also obtain professional advice where warranted, and provide suggestions on other professionals if needed, such as lawyers, inspectors, etc.
Did you know that if the property you purchase is on multiple listing, there is a commission built in and your buyers agent will be paid by the vendor?
Full time professional realtors are bound by the Canadian Real Estate Association code of ethics. The primary responsibility of every realtor is to protect and promote the interests of his or her client.
So, protect yourself and your investment, enter into a client relationship with you realtor.
For more information call Frankie today at 476-2155. Hiring a professional does not cost – it pays!