Couple ordered to pay $470,000 after reneging on Ontario home deal
Tags: TORONTO, HOMES IN TORONTO, MARKET CRASH, WOODBRIDGE, VAUGHAN, NORTH YORK, HOUSE PRICES, TORONTO REAL ESTATE, TORONTO MARKET UPDATE
Here’s a great article that shows what can happen if you buy a house & decide to walk away from the deal. If you think you only lose your deposit your sadly mistaken.
You need to be very cautious as to what you do. Everyone thinks that real estate is simple but it’s really not. There are so many variables that can happen & what makes a good agent is one that can put out fires if & when they happen.
I consistently see people choosing a realtor based on what they charge or because they’re getting some type of kick back but people fail to realize that a realtor can help you make or break your future.
Experience makes a big difference & you shouldn’t only pay for what your realtor has to do yet you should also pay for what they might have to do in the event of a problem. I know I might sound repetitive because I do post a lot about choosing the “right” realtor but it’s important.
In 10 years in real estate I’ve seen so many bad things happen to people that it really makes me upset. Realtors are not judged by the good things they do but unfortunately by the lack of professionalism that some have individuals have & it’s a shame because there are many good people in the business that deserve way more credit.
If your reading this, please be careful as real estate is very serious & even if you choose someone else to represent you, I still really want you to have a good experience & not get burned. Keep this in mind next time you need buy or sell a home.