The first rule of real estate is simple: Never make an emotional decision.
The second rule of real estate is Murphy's Law: When things can go wrong, they will.
Realtors® have a code of conduct. I take this very seriously. It was developed in 1913 and there is a reason we still use it.
But I also see my job as protecting people from the first two laws of real estate: making emotional decisions and avoiding calamity. Here is the advice I give to my clients when I walk them through one of the most important decisions of their lives.
Stay Focused on Your Needs.
I did not get into business to lecture first time buyers about how to compromise - I am all about making things happen on your terms. And I've been doing it for almost three decades in the same small town. Do not let anyone, and we mean ANYONE, drive you off of your square when it comes to your budget or deal-breakers. Work hard, be demanding of your help, and stay focused on your budget and your needs - now is not a time to keep up with the Joneses.
We have come up with a pre-form specialized for the first time home buyer. Taking the time to fill this out will give you a leg up in the market and help to organize your thoughts. Print it out and complete for every new place you look at.
Get the Right Help.
The people that you bring into your life should be professionals at transferring your strategy into reality. If you find people lecturing you on what you "should have" or about "seller's markets," run, don't walk, in the other direction. There are always deals if you look hard enough and have patience, and you should always reserve the right to walk away from any team member if they are not giving you the insight that you need.
Know Your Rights.
Learn The Real Estate Council of Ontario's Three Pillars of Protection: Insurance, Knowledge and Professional Standards.
Making your initial moves in a real estate market is hard, and you are entitled to the protection ensured by working with a great Realtor®.
Know the Offer Process
This video from RECO is one I send to my clients to help them understand the high level details around the offer process and subsequent transactions.
Happy buying and selling!