agent pointing out all the negative features of the home, right? As a buyer do you not want to know the negative features as well as the positive? Of course you do but in a dual agency situation the seller's agent is only going to point out the positives unless they receive written permission from the sellers to point out the negative features, and keep in mind that includes what is on the title. You might ask, "Are agents not required by law to point out negative features"? We are only required to disclose "material latent defects" only, most defects are not "material" or "latent". Other defects known as "Patent Defects" are not required to be disclosed but can certainly affect your decision when buying. You can now understand why the seller does not want anything negative mentioned to the buyer that is not required because it can and usually does affect the buyer's decision to buy or influence the price negatively. More on defects later. Maybe you've visited several open houses or have been watching the new listings come up each day. You've narrowed down the ideal communities and searched for the best available property. Now, you’ve finally found one you would like to call “home” that you are willing to make an offer on. Maybe you were lucky, and it was love at first sight, and now you’re eager to close the deal as soon as possible. Congratulations! Welcome to the most important and challenging part of the home-buying process: the negotiations. Start with knowledge of your financial status estimation and available options of financing. If you’re a first-time home buyer, there will be federal programs like using your RRSP investment to help you with the down payment. You likely know how much money you wish to spend. At this point you will need professional guidance on the offer price, conditions, completion date, and contract terms.
SHOULD I BUY THE FIRS UY THE FIRST DAY OF LOOKING?
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