Thursday 19 February 2015

How a Residential Real Estate Transaction Calgary Proceeds


                        
 Real estate cannot be lost or stolen, nor can it be carried away...It is the safest investment in the world. In fact, owning a home is no less than a keystone to wealth. If you wish to sell your house in Calgary, you would need to contact various realtors and select one. The realtors would advise you on what they will be able to get for your house. After selecting one realtor, you would then need to sign a listing agreement. As your Hamptons Calgary real estate agent, it will begin marketing your property. In the communities that have multiple listing service (MLS), the agent would enter your house information into a computer so that all other agents are able to see your house in the Hamptons Calgary homes for sale. An agent who has been looking for a house for some other buyer would look at your home listing on the MLS and gets in touch with you and your agent; it then enquires about various relevant details of the home for sale. That agent would then contact its client (buyer) and make the client agree to have a look at the house. If the buyer likes the home and shows interest in purchasing it, a contract of sale is then prepared. This contract is either prepared by an attorney or the seller’s agent. 

When the entire contract provisions have been met satisfactorily, the deal proceeds towards a successful closing; Once the deal is closed, the real estate agent is paid its commission. If there happens to be more than one broker, then the broker which is representing the seller distributes the preapproved share of the commission to the buyer’s broker. This is how a typical residential real estate transaction in Calgary tends to proceed.