Urban legends run ramped and can be quite cost if you base a purchase or sale decision on something that you heard that turns out to be false. This article will attempt to dispel some of the legends out there. But this is only the tip of the iceberg, the best thing that you can do is speak openly with a real estate agent that you trust.
Legend! As a purchaser your agent always acts in your best interest.
Reality! Unknown to most home buyers your real estate agent, can offer you two forms of representation. Your real estate agent could be working directly for you in a buyer brokerage arrangement or they could be working in the vendor's best interest if it is a sub agency arrangement.
Legend! MLS gives you all the accurate and complete information necessary to find and purchase a home in Toronto's real estate market. … Read More