The City of Barrie is set to evolve from its bedroom community image to a regional economic center where businesses can grow and thrive. The program “Barrie: The Changing Face and Space” calls for the physical planning of the buildings and residential areas in the region to support the booming population growth of the city in the coming years as laid out by City Mayor Jeff Lehman. This project creates progress, but also controversy by those who are opposed to the increase in the density of the area, raising the traffic, crime rate, and causes other social issues.
If you are one of those Barrie residents that doesn’t like the urbanization of the neighborhood, maybe you are looking to sell your home with a plan of moving to a quieter area fast. Or maybe you are considering selling your home because a cash home buyer is interested in your property. Whatever your reason for reading this article, we can tell you more about selling your house, condo, or cottage quickly to a cash house buyer.
What is a Cash House Buyer?
A cash house buyer is a person or a company that purchases property in cash. They don’t need a mortgage loan or other financing means to buy your home.
Speak With A Cash Buyer Right Now
With quick and friendly service, we are always happy to offer free advice. Whether you are serious about selling or just curious, we can explain your options and what to expect.
This is a great option if you want to sell your house quickly because you won’t have to wait for the buyer to secure a mortgage and you can avoid the long closing process that takes about 30 to 60 days. Not only do you save time, but you also save the trouble of dealing with a lot of people and paperwork. Selling to a cash house buyer means no real estate agents and no commissions to pay.
Welcome to Barrie!
The city of Barrie is a single-tier municipality within Simcoe County. It is a 99.04 sq. km area along the shores of Kempenfelt Bay and is part of the historically significant Huronia region of Central Ontario. Surrounding cities are Vaughan, Markham, Scarborough, Brampton, Toronto, Oshawa, Etobicoke, and Mississauga.
Barrie highlights its vibrant community with swimmable beaches and challenging ski attractions. They have over 90 parks scattered throughout the city and along the beautiful Kempenfelt Bay. Some of the attractions you can check out are Centennial Park, MacLaren Art Centre, Johnson’s Beach, Bear Creek Eco Park, Barrie Waterfront Festival, Allandale Station Park, Wilkins Walk, Tollendale Beach, Barrie Community Sports Complex, Barrie Public Library, Barrie Uptown Theater, and Georgian Mall.
Toronto Star highlighted some points from Barrie’s 2020 Growth Report last March, stating that the city had a population of 151,043 last year and is expected to increase to 167,600 this 2021 and 171,900 in 2022. “There were 193 development applications received last year, up from 162 in 2019. Of those, 44 per cent were for residential projects; commercial (22 per cent), mixed-use (17) and industrial (14) made up the bulk of the rest.”
Housing Market in Barrie
When it comes to the housing conditions in this fair city, the Canadian Real Estate Association (CREA) reports that on a year-to-date basis from November, home sales added up to 5,860 units over the first 11 months of the year. This is a considerable increase of 11.5% from the same period last year.
The overall MLS® Home Price Index (HPI) composite benchmark price in November 2021 had a 36.8% increase compared to last year with a figure of $809,400. Breaking it down to types of homes, the benchmark price for single-family homes was at $849,100, $576,100 for townhouse/row units, and $496,300 for apartments this November 2021.
Meanwhile, there was a significant decrease of 10.4% in the number of new listings from last year, with only 422 residential listings this November 2021. CREA reports this as the lowest number of new listings added in the month of November in five years.
If you are thinking of selling your home, now might be the best time while there is less competition in the market and prices are soaring due to demand.
Reasons to sell Quickly to a Cash Buyer in Barrie
As mentioned before, you might want to sell your home in Barrie quickly before your area gets crowded and noisier due to developments or you’ve been approached by a cash home buyer that is interested in your space offering you an attractive price. Other reasons to sell your house, condo, or cottage are as follows:
- You need a large amount of cash quickly for personal reasons
- You are bankrupt or thinking about filing for one
- You have made an offer to another home, dependent on selling your property in Barrie
- Your home has been damaged and fixing it costs more than the house is worth
- You want to sell your home, but don’t want a lot of people to survey the property
- You are transferring to another city for work
What if the property is in poor condition?
Do you have leaking roofs? Is your plumbing not working? Are your carpets old and moldy? Does your house smell of asbestos? You don’t need to worry about these when selling to a cash house buyer. They will buy your house “as-is” and you don’t need to spend money and time for repairs. The cash house buyer may pay a lower price though considering the state of your property; but it still saves you the hassle of doing it yourself.
Process of Selling to a Cash House Buyer in Barrie
First and foremost, know what your home is worth. Check out your local real estate market and compare your property to the properties listed for sale. It would also be good to know how much the repairs to your home will cost so you know a ballpark of the discount the buy may insist upon.
Have More Questions?
As Cash House Buyers ourselves, we can directly answer any questions you may have about the process. Since everyone’s situation is a bit different, we can look at your unique circumstances and give concise and actionable advice.
Next is looking for a cash house buyer. The easiest way is Googling search phrases like “Cash house buyers in Barrie” or “Cash home buyer in Ontario”. These searches will usually give you a list of companies that buy properties in your area. Browse through the list, check each one out, read reviews and feedback and contact the best you find. Usually, they give out quotations for free and you’ll hear from them within 24 hours. Do some due diligence and make sure they are legitimate buyers and ask for proof of funds through a bank statement. Wanting to sell your property quickly doesn’t mean you should do it all in a rush and skip important parts of the process. Mortgage Broker Store is a trusted Cash Home Buyer and can be contacted for free advice.