A real estate agent plays a crucial role in the home buying process in Toronto. They assist buyers in finding suitable properties, negotiating offers, navigating legal and financial aspects, and coordinating inspections and closings. Additionally, they provide valuable market insights and expertise to help buyers make informed decisions.

Choosing the right property type depends on your lifestyle, preferences, and financial situation. Options in Toronto range from single-family homes to condos, townhouses, and lofts, each offering unique benefits and considerations. Your real estate agent can help you evaluate your needs and priorities to determine the best property type for you.

Buyers may be asked to sign a Buyer’s Representation Agreement (BRA) with their realtor, detailing the commission amount and payment terms. Generally, the buyer’s agent is compensated through the listing brokerage from the sale proceeds, relieving the purchaser of any direct commission payments. However, it’s important to discuss compensation details with your realtor before signing the agreement, as there may be exceptions to this rule.

Getting your finances in order is essential when buying a home. This includes assessing your credit score, saving for a down payment and closing costs, and getting pre-approved for a mortgage. Having your finances in order demonstrates to sellers that you’re a serious buyer and strengthens your negotiating position when making offers on properties.