馃攳
How to buy a house without a realtor: Best tips for first time home buyers - YouTube
Channel: Homebuyer's School
[0]
Want to know how to buy a house without
a realtor? That's coming right up.
[4]
Welcome to Homebuyer's School brought
[6]
to you by Brookfield Residential.
[10]
Hi everyone I'm Karl Yeh, welcome to
another Homebuyer's School video, a
[14]
channel where you get the latest
strategies tactics and tips from
[17]
home buying experts, and
[18]
remember if this is your first time on
this channel and you want to get these
[21]
strategies from the experts, make sure to
hit the subscribe button below, hit the
[26]
little notification bell so you don't
miss anything. So today I'm joined by
[30]
Cory McDonald community manager with
Brookfield Residential and the topic
[34]
we're gonna discuss is, can you actually
buy a house without a realtor? So Cory
[39]
do I need a Realtor to buy a house?
[41]
They're not needed, it's a common
[44]
misconception that you need a realtor in
order to purchase a home, I will say that
[48]
it does help especially if you're a
first time home buyer because they have
[51]
a lot more experience in the market, they
know great questions to ask regarding
[55]
the community, the previous homebuyer,
what factors are gonna potentially
[60]
affect resale value down the road when
you're trying to resell, so they are a
[64]
very useful tool but they're not 100%
necessary in buying a brand new home. I
[69]
would even go to say specifically with a
new home build that sometimes the sales
[73]
associate or the sales team there, they're
working on behalf of the customer
[77]
to get them into the home that best fits
their needs.
[80]
So why would I use a realtor if I
wanted to buy a house?
[86]
Again, when
you're a first-time home buyer it's a
[88]
simple fact that you don't know what you
don't know and that's what you're
[92]
basically using when you're getting a
realtor is that they have the experience
[95]
and a maybe a wider knowledge base as
far as the questions to ask about the
[99]
new home, if there is any issues with the
the build, if they're older and if it
[105]
needs more maintenance than you really
want to put into a brand new purchase,
[109]
the community and and the benefits of
living in one community versus another.
[112]
So they're very helpful in helping
narrow down your search a little bit.
[117]
Do I--do I have to pay the realtor if
they're buying--if I'm buying a house?
[123]
How does that work?
[124]
Great question because
that's something that a lot of people
[127]
may be shy about asking. When you're
bringing a realtor into a
[132]
brand-new Builder to buy a new home, it's
actually the Builder that pays
[135]
commissions for almost a 'thank you' for,
"thank you Mr. realtor for bringing this
[140]
customer into our homes and for showing
them the benefits of buying a brand new
[145]
home", so we pay the kind of the
commission's for that realtor whereas if
[149]
you're going a resale home it's actually
the person that's selling the home
[152]
through their realtor they would be
paying the realtors commission so when
[155]
looking for a brand new home you don't
have any fees associated with using
[161]
a realtor.
[161]
So if I wanted to buy a resale
home, if I was a seller I'd not only have
[167]
to pay my realtor but I'd also have to
pay the other realtor as well?
[171]
It's worked into your realtor commission,
that's correct. Yeah so the the fees that
[176]
you're paying your realtor for listing
the home also covers the fees for the
[180]
the purchasing so it isn't like you
don't ya know, but again these are--these
[189]
are things that you'd want to be
knowledgeable about so asking your
[192]
realtor what are the commission rates
for when selling your home also very
[198]
important to know that if you are
purchasing a brand new home and you're
[202]
working with a realtor what the
commission rates could possibly be for
[205]
that realtor.
[206]
And remember we do have a
video on how realtors get paid if you
[210]
want to take a look. Now, so if I didn't
want to use a realtor and I wanted to
[215]
buy a house, buy a new home right, how
do I go about doing that?
[220]
Buying a brand new
[221]
home, a lot of the presentation centres
they'll have a lot of information on the
[225]
homes that they have available, they'll
be very knowledgeable about the
[228]
community and you know different
homes that could fit your needs. If you're
[234]
looking for something quicker, MLS the
Multiple Listing Service you can look at
[240]
online for what's available for quick
possession homes, a lot of builders will
[244]
also advertise some of their quick
possession homes or their feature homes
[247]
on their website, so again taking a
little bit of time and maybe researching
[251]
online different builders or even on MLS
some of the homes that are available
[255]
within the timeframe that you're looking
at your home once you maybe narrow down
[260]
a community that you really like, finding
the presentation centre for that new
[263]
build and then having those discussions.
It doesn't
[266]
cost anything to come visit a
presentation centre to go look through
[268]
the show home so you're more than
welcome to explore the space and have a
[272]
look through and then the sales team,
we're more than happy to answer any
[276]
questions you may have about the home
specifically or the builder or the
[279]
community that you're looking to
purchase in.
[281]
So obviously if you're
[282]
planning to buy a house without a realtor
you have to do a little bit more research?
[287]
It doesn't hurt to do a little
bit more research, again you want to be
[291]
able to cover all your bases but again, a
great sales team will be able to help
[295]
answer all of your questions and get you
into the right fit as well.
[299]
And that's what they're there for right. So
would you say that the sales team kind
[305]
of replaces the need for a realtor if
you're buying a new home, obviously?
[309]
There's--there's benefits of using a
realtor but I think yes the sales team
[313]
definitely does work on behalf of the
purchaser in getting into the right home
[317]
that best suits their needs.
[319]
Awesome, well thank you very much for
joining us, the
[322]
question I have for you is, did you use a
realtor when buying your first home and
[326]
what was the experience? Let us know in
the comment section below thank you
[330]
very much for joining us and we'll catch
you next time.
[333]
That's another edition of
[335]
Homebuyer's School. Tune in next time
[337]
for more expert tips and tricks and visit
[340]
homebuyersschool.ca to bring you one
[343]
step closer to finding your dream home.
[345]
As with everything, it would be great if you
[347]
like and share our videos, also please
let us know if you have any home buying
[352]
questions you want us to answer.
Most Recent Videos:
You can go back to the homepage right here: Homepage