For most of us, buying a home is the biggest single purchase we will ever make and it can be a nerve wracking, downright scary proposition, especially for first-time home buyers. Some people can, and do, go alone when buying home in Mississauga. If you’re savvy enough to navigate the murky waters of a real estate transaction then more power to you. But the value of an experienced Mississauga agent is immeasurable, particularly for first-time buyers.
Traditionally real estate agents (Realtors) represented the seller. That was true if the agent helped a home owner market a home or a home buyer find the right home. But agents (Realtors) are legally bound to represent the seller and typically the seller pays both the listing agent and the buyer agent who brought the buyer.
If you planing to buye a house, condo or town house in Mississauga, it is wise to hire a Mississauga buyer agent know knows the market and works for you. It does not cost you anything to have a professional Buyer agent working for you and you will also get a incentive if you chose Sean Azim as your Mississauga buyer agent.
Mississauga Buyer Realtor
Do you have a Real Estate Agent (Realtor) working in your best interest?
If you want to have your own Real Estate Professional working for you and in your best interests, it is important that you enter into a buyer agent contract with the Real Estate Professional or sign a buyer customer service contract. There is normally no cost to you to have your agent under contract; the seller pays the commission unless otherwise arranged with you. However the agent you are using is now under contract to work only for you and in your best interests.
By law, unless your Misssissauga agent (Realtor) is working as a buyer agent and is under contract with you to do so, he is working for the seller. All Real Estate Agents (Realtors) even the one showing you homes, listening to your dreams about the house you want and your financial worries about the cost, work in the best interest of the seller. That means that by law Realtors must pass on to the seller of the home you are bidding on any information that may influence the home buying negotiations.
While for years most Realtors have, at least subconsciously, been working for their buyers after getting to know and care for them, there has been no law that says they are in fact the opposite is true. But how can a Realtor work on your behalf if he doesn’t know your financial picture, know where you will compromise in your wants, what are your essential needs. In short, how can a realtor find you your dream home if you can’t tell them your dreams?
Who is that REALTOR working for?
In real estate there are 4 different possible forms of agency relationships: Seller’s Agency, Buyer’s Agency, Buyer’s Customer Service Agency and Dual Agency.
When a real estate brokeragte is a “seller’s agent,” it must do what is best for the seller of a property.
A seller’s agent or also known as listing agent must tell the seller anything known about a buyer. For instance, if a seller’s agent knows a buyer is willing to offer more for a property, that information must be shared with the seller. Confidences a seller shares with a seller’s agent must be kept confidential.
A buyer can expect fair service and disclosure of pertinent information about a property.
Nothing will be misrepresented about a property. All questions will be answered honestly.
2. Buyer’s Agent
A real estate brokerage acting as a “buyer’s agent” must do what is best for the buyer. A written contract establishes buyer agency. It also explains services the REALTOR will provide, spells out who will pay and specifies what obligations a buyer may have. Typically, buyers will be obliged to work exclusively with that REALTOR. Buyer agency contract must also have a expiry date, which means after the expiry date you are free to work with any other buyer agent you wish for. It can also be cancelled at at any time with mutual agreement between buyer and buyer agent.
A REALTOR working for a buyer will keep information about the buyer confidential from the seller.
3. Buyer Customer Service Agent
If a buyer does not wish to sign a buyer agency contract with buyer agent, the agent can still work with buyer and provide the buyer customer service. This in term means the agent will be fair to both home seller and the buyer. If you have a buyer agency sing with your buyer agent, then he be dault provides customer service to the home seller but is agent as your agent and works for your interest.
A Realtor working as customer service to the buyer provides customer service both the buyer and the seller.
4. Dual Agent
Occasionally a real estate company and its sales representative will be the agent of both the buyer and seller. Under this “dual agency” arrangement, the REALTOR must do what is best for both the seller and buyer and strict procedures must be followed. A REALTOR can be a dual agent only if both the buyer and seller agree in writing. Ask your REALTOR for more specific details.
- REALTORS will be paid by the seller unless otherwise arranged with the buyer at his request. The listing agreement states the REALTOR’s fee.
- Buyers & Sellers will ALWAYS be told in writing who a REALTOR is working for.
- Ask your REALTOR for more information
Finding the right Mississauga Buyers Agent how do you go about it?
Finding a Mississsauga buyer’s agent in which you can have confidence and trust is similar to finding a seller’s agent. You need someone with whom you feel comfortable and who understands your needs and wants. It’s also important to find someone with the skills and expertise to help you find a new home as quickly and hassle-free as possible.
Sean Azim has been licensed since 2004 and has the sills and knowldge of market to help you find your dream home or investment property in Mississauga or Toronto. Sean Azim your Mississauga buyer Realtor also offers incentives to the home buyers in Mississauga and Toronto. Give Sean (Mississauga buyer agent)
a call and find how he can help you find your dream property in Mississauga and what kind of incentives he offers for the month.
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In today’s busy and fast paced lifestyle, we often rely on the expertise of others to assist us make those big decisions that have long term effects. If you are in the market to buy or sell your property in Mississauga, an Real Estate Agent or Realtor is often the first step to seeing this done.
However, finding an Real Estate Agent (Realtor) in Mississauga who can get the job done for you is often easier said than done. Here are a few tips that can help you decide on choosing the right Realtor.
- Meet the Real Estate Agent in their working environment, not their office. Good agents spend little time at their desks.
- Find out how long the Real Estate Agent has been working in the field and what their success rate is like. You will want an agent who has experience closing deals and is willing to go the extra mile for your needs.
- Speak to friends or family who might be able to recommend an Real Estate Agent (Realtor) in your area, like Mississauga, that they had a positive experience with. It is one way to get a good reference on someone who will be working for you.
- Make sure your agent is tech savvy. Most business these days is conducted online and the same can be said for listings. You will want an agent who is accustomed to having an online presence, being available to buyers and sellers alike.
- Look for signs that the Real Estate Agent is busy. A real proactive agent will have to make time for you but don’t get side railed to an assistant. A good agent will make time for you no matter their busy schedule.
- Your Mississauga Realtor (Real Estate Agent) must be confident and knowledgeable. They should be able to answer all your questions, they should have the answers, it’s their livelihood after all. They should also be able to confidently use this knowledge to your advantage, especially when closing deals.
- Look into the Real Estate Agent. How respected are they? A good agent will need to network and work cooperatively with other agents if you expect them to be able to close the deal on your dream home.
Above all else, you need to be comfortable working with your Mississauga agent (Realtor). This new relationship will most likely be a long lasting one so be sure that your agent works best for you.
Flat Fee MLS
Are you thinking of selling your Mississauga houser or condo and don’t want to pay any commission? Instead wish to pay a small flat fee for listing your property and let the Real Estate agent (Realtor) take care of everything for you? It is now possible with my Mississauga Flat Fee MLS Listing with full representation. Which mean I’ll do all the work for you for a small flat fee instead of commission. Usually my Mississauga flat fee MLS listing is lower than the commission I charge. The reason behind it is that I can use the upfront cash flow to do more marketing and get more customer. The Mississauga flat fee MLS package offers same representation like you would hire any Realtor who charges a commission but instead of
commission you just pay Flat fee for listing your Mississauga property.
Just pay one time Flat MLS listing fee in Mississauga and do not pay any commission to listing realtor (salesperson/agent/broker) at all.
What do you charge for Mississauga Flat Fee MLS listing?
Until End of June 2015 I’ll can offer a full service Mississauga Flat Fee MLS listing for only $1,600.00 which includes everything from A-Z like professional picture of the subject
property, for sale sign, lockbox, MLS listing, Realtor.ca listing, booking, showing, open house, offer drafting, offer
negotiation and much more. Please call me today if you have any questions.
Mississauga Flat Fee Listing FAQs
What is a Flat Fee?
Flat fee is a term which is used to describe a linear rate in exchange for services. It is a type of pricing. It is the asking of a single fixed cost as payment to a service regardless of its complexity or particularity for a customer. A new word has also emerged for this term "flate". It is made from combining flat and rate together.
What is Flat Fee in Real Estate Brokerage?
Real estate business has been altered quite a lot by the economic situations of today and also by emergence of technology. People these days can easily contact and communicate with potential buyers of their real estate assets. Flat fee or rate is a fixed cost usually charged against listing a property for sale in appropriate places by a real estate agent, salesperson (Real Estate Agent or Realtor). A flat fee is paid at the time of agreement between real estate owner and broker. No further payments are then asked by the real estate agent as he or she provides an agreed set of services for this payment. A flat fee is never charged for a whole deal of selling a property.
A flat fee service may be better understood as a menu providing service. You can understand it by comparing a restaurant operation. You are asked to pay for what you ordered from the menu and nothing else. You chose from a list of services having a fixed price head. Different real estate agents are also offering very good packages for a multitude of services that are bundled together under a single flat fee. The flat fee services therefore cater custom solutions for customers as they can pick the set of services that they require so that they can save money by not having to give away all the work and pay for it when they could do it by themselves.
What is Flat Fee MLS Listing?
Flat Fee for MLS listing usually refers to an agreement between real estate agent and owner with regards to listing the property into marketing channels. A real estate broker salesperson (Real Estate Agent or Realtor) may also provide other services as mentioned and agreed upon in their contracts. The brokerage industry refers to a broker providing these services as a limited service provider. However, this definition does not give a complete indication of the work of a broker working for a flat fee. As a limited service would refer to only the providence of a fixed service and nothing else; however most of the flat fee contracts between real estate agents and owners are very dynamic in nature. These contracts seldom provide limited or fixed services. Rather, they provide a custom solution with freedom as agreed mutually by a seller and a broker.
The Federal services in most of the world refer to such business models as Fee for Service structures. There is no current standard for sorting out these services in the industry and most of the industry terms used in real estate business have very loose definitions.
There are many services that are running under the banner of Flat Fee model. In the real estate market, multiple programs are offered. Some common advantages of these programs are:
- he common goal of all these programs is to provide only the needed service to customers.
- These services ensure that they save money while selling their properties. This is the most important aim of these nontraditional service offers; to save the cost of selling real estate properties.
- Some brokers are also offering complete packages for selling properties but are not working on commission.
- They are charging a fixed fee for the complete selling of properties.
- This informs us that perhaps the definition that flat fee offers are for limited services is not correct.
- It informs us that the scope of charging a fixed fee for services has a much wider potential and appeal. Brokers would not run services and packages unless there was a demand for it.
Why is there confusion regarding definition of Flat Fee Services?
Unless the real estate industry or concerned government bodies do not form a standard mode and definition of terms, there will always be confusion among both real estate agents and property owners with reference to terminology. However, the important point is that a real estate owner must always clearly know what services he or she is getting for his fixed amount of payment. As long as there are willing parties of owners and brokers agreeing to these fixed fee services, they will outshine the old commission based models for selling properties.
What are the problems associated with Flat Fee Services?
There are also potential problems associated with fixed fee services. A broker working on a fixed fee model will not help out during other activities of the sale. This may require the property owner to hire a negotiator or a lawyer to complete the deal costing extra money to the owner. This model therefore is not suited to first time property sellers and buyers who have no idea of working of a real estate deal. Flat fee services are also not suitable for long distance transactions where the owner cannot do a physical meeting with potential buyers and such. Tax advice is also much required during this time of buying and selling properties as complex taxation laws are required and lawyers may have to be hired if an owner uses limited flat fee services.
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For Sale By Owner (FESBO) With MLS Listing
I can offer you a flat fee for listing your Mississauga House or condo on MLS without representation. Which means I’ll just upload your property information on MLS and you will take care of the rest. This is same as For Sale By Owner (FSBO) but with the power of MLS system. You will find more
information on how to list your Mississauga property on this site, but if you have any questions please feel free to call me.
How much do you charge to list my Mississauga property on MLS?
I charge a flat fee of $799 to list your property on MLS, you can always upgrade to full representation Flat Fee MLS package at any time. Your property will go on
Toronto MLS and also Realtor.ca which will give access to public to see your listing.
“MLS” stands for ‘multiple listing service’ which is a database owned by real estate boards and their regional trade associations.
MLS systems are the primary channel for publicizing listings among agents and brokerages. Every day, new listings enter the MLS database and flow to all subscribing agents and services.
Getting Listed on you Local Mississauga MLS FAQ
Can you list your property on MLS without going through Realtor?
No you can not list your property on MLS without a Realtor. MLS is a member base system, Realtors pay to maintain the MLS system. Public do not have direct access to MLS, only Realtor have access to MLS system. Realtor can charge you a MLS listing fee or Commission to have your property on MLS.
How to list on MLS in Mississauga?
You can hire a Realtor and pay him for his services to have your property on MLS. The Realtor might charge a Flat fee (Real Estate Flat Rate) or a commission for his/her services.
What is the cost of Listing my Property on MLS in Mississauga?
Not every brokerage allow flat fee for listing for just MLS listing. There is no fixed flat fee rate, each and every Realtor or Real estate agent have a different pricing, based on location and level of services you require.
Can a Realtor from Ontario list your property anywhere in Canada?
No, Ontario Realtors are license only in Ontario, and can not, and have no access to other Province’s MLS system. However they can list any property on MLS in Ontario.
Is MLS listing same as Private listing?
No, MLS listing gets your property on Realtor.ca, local MLS system, but theprivate sites just list it on their own site.
Hope those answers were helpful
In the past, MLS listings have been a ‘secret weapon’ because real estate agents (Realtors) had exclusive access to the data in the database they owned. Now, though, MLS listings can be found across numerous internet sites that often add additional valuable data, such as the most recent sale price for each home.
Some agents try to control access to MLS data by requiring that potential buyers enter their contact information before being allowed to see details about a property that interests them.
Things to Know About the MLS
- MLS results don’t add up to the national sales figures reported by the National Association of Realtors. The NAR uses a formula that projects sales based on a sampling of regional sales.
- MLS systems must allow discount and ‘by owner’ listings entered by licensed agents. Numerous court decisions affirm the right of agents to operate their businesses as they see fit, even if that means that full-price agents are annoyed when ‘by owner’ listings are entered into the MLS by a discount-fee agent.
- MLS sales reports are a good estimate of market activity, but are not the final word. Participating agents often postpone paperwork such as entering ‘sold’ listings into the MLS. County property and tax records are the most authoritative source for actual sales, though it takes time for the latest sales to show up in those systems.
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