According to the National Realtors Association, 11% of homeowners preferred to sell their houses FSBO in 2019. It is now a growing trend where property owners avoid playing musical chairs with the realtors and opt to sell a house fast through a direct sale.
Choosing the traditional realtor route can be stressful and frustrating. You may have to carry out expensive repairs, stage it, and be patient for months before settling on a deal to change ownership. There is a better alternative that you can use: sell your house fast for cash. Here are five reasons why.
1. Sell Your Home ‘As-Is’
One downfall of working with a realtor is that you may have to carry out expensive renovations to ready your house for the market. Some of the upgrades that you may carry out may not offer any return, making it a loss on your end. With cash buyers in Ontario, you do not have to worry about the condition of your home. The private investors provide an instant cash offer on the property, even in a poor state. It can be an excellent way to dispose of damaged, inherited property that you do not want.
2. Sell Your House Fast
Cash buyers provide an instant, all-cash offer with faster closing dates than the traditional route. The 2019 National Realtors Association report also shows that properties on the market stayed an average of 63 to 95 days before closing a deal. This period can seem interminable, especially when you wish to sell your house fast. A cash home buyer can provide a fair offer immediately after a walkthrough of your property. You also get to choose your closing date.
3. Receive the Full Amount
A real estate agent will typically charge a 3-6% commission fee to cover their costs. You may also fork out cash to cater for photography, staging, and listing of the home. Not forgetting the expensive repairs that you may have to carry out. When you sell your house fast for cash, you receive the full amount upfront. You can use the funds without any deductions to purchase a new home or prevent a foreclosure.
4. A Higher Likelihood of the Deal Sailing Through
It can be frustrating to see potential buyers, one after another, reject your home that’s listed on the market. The house sale can stall due to delay or rejected mortgages. You may have to start all over again. Selling your house fast for cash allows you to receive the money instantly, without the need for loan or mortgage approvals. With ready funds at hand, it is less likely that the deal will fall through.
Unlike the traditional realtor route, you have to worry less about the condition of your home. You do not have to stage your home to make a sale. You won’t have to keep your property clean and tidy throughout the open sessions. There is no need for a home inspection when selling to a cash buyer. The less hassle allows you to sell your house fast for instant cash.
Selling your property in Ontario can be stressful. Using private cash investors can help get your home off the market quicker. Fast Ontario Home Buyer can provide a fast, confidential, and fair offer to purchase your house with a closing on a day that you prefer.