Whether you are selling, or buying your own home or considering investing in commercial real estate this article gives you a few hints on the basics and looks at private sales.
Many people will start their search with some fairly broad terms. This is good for general research and building up a picture of current market trends. You might for instance start looking for real estate for sale in bc. This will bring you up a list of both residential and commercial properties available, and the list will be huge. You can then narrow your search somewhat if you have a more exact idea of what you are looking for, e.g. new homes for sale in Vancouver. The next step from here would be to narrow your search further into particular suburbs and so forth. The easiest way for buying is then to find a real estate agent who can help you find property in your price range, set up appointments and handle any negotiations and documentation. This of course will cost you in fees.
Some people prefer to go the route of selling and buying privately to avoid commission fees. In this case you might be specifically looking for bc real estate for sale by owner. The sale by owner lets you know this is a private sale. Searching for something like 'grape vine real estate ottawa houses for sale' will also bring you to private sales (in Ottawa obviously). The advantage of buying from a private seller is that often the price may be lowered by 1 or 2% because they are saving on commission fees. As a buyer, if you have a pre-approved mortgage ready and waiting you have even more power as a buyer to get a good deal.
Private real estate sales do have that advantage but you will need to be prepared either as a buyer or a seller to undertake the work, and understand the terms of contracts and so forth. It is advisable that both parties do have good legal advice, especially if you are unfamiliar with the processes.
There are some good websites that can lead you step by step through the process of buying and selling real estate privately to take some of that risk factor away. How you choose to buy or sell real estate is entirely your choice.
