When you are looking to buy a property your first step will often be to find out what type of mortgage you will be offered and the value of this mortgage.
Most good real estate agents will ask that you have a mortgage pre-approval in place before they start showing you properties so that they can be sure that they are showing you homes that are in your price range. This means that once you have this pre-approval, you are ready to go.
One of the most important things that a realtor will do is help you draw up an Offer of Purchase to make to the seller. This will only be done after they have made sure that you are paying a fair price for the property and that all the conditions of the sale are favorable for you. They can also help you negotiate with the seller if your offer is not accepted.
A realtor is paid through the commission that they earn on sales, but this fee is paid by the seller.
Real Estate Lawyer
Although your real estate broker will have a basic knowledge of the law that surrounds real estate, this does not compare to the knowledge and experience of a real estate attorney. A lawyer is important to the home buying process because they will be able to make sure that all your legal rights are met and that you have the legal protection that you need. They will also be able to check all documents to ensure that everything is in order. You should look at hiring a lawyer as soon as you can when buying a home in case any legal issues arise early on.
You should also hire a real estate broker alongside your lawyer to assist you in getting the best home loan possible without breaking the law.
When you are looking for a lawyer, you should look at the service that they provide rather than the cost. Nobody wants to pay out more money than they have to but at the same time, you need to know that you are hiring a reputable lawyer that is going to do a thorough job.
When you have a team of professionals, like http://bc.communitylendingcentre.com – Vancouver mortgage broker,assembled to help you with your mortgage and the purchase of your home it gives you a lot more confidence. You will know that there will be someone there to offer advice and guidance whenever you need it.