The number of people moving is staggering. All this shifting around in the housing market has driven prices way up. In Burlington alone, the average price of a single-family home has grown by 17% from 2020. Condos and townhomes have gone up as well.
What makes this an ideal time to sell your Burlington home?
Condo prices have risen 25% up to $716K and townhomes now average around $899 up 27% compared to last year. That’s a lot of equity built up and many homeowners are looking to sell their homes fast so they can unlock some of that equity for one reason or another. If you’re looking to sell your Burlington home for fast cash, an all-cash deal can be the ideal way to make that happen.
Why is the Burlington market so hot right now?
Because of the pandemic, many people are working from home now. This change has been a major source of all the activity in the housing market we’re seeing. There are some people that need more space for a home office.
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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.
The desire to get away from the health risks of pollution has inspired many people to move out of big cities like Toronto, Markham and Hamilton. For a lot of people, they’re jumping on the opportunity to live where they really want to instead of where they have to in order to be close to work.
What Makes Selling Your Home for Cash a Good Option?
Two big advantages come along with all-cash offers: time and money. The traditional housing market can be very time-consuming. On the other hand, with an all-cash sale, you can sell a home fast, even in as little as 48 hours.
Most often, there’s no real estate agent involved in cash deals. Cutting out the middleman can be a big time-saver. It’s also a big money saver because no realtor also means no commission. While a 5-7% commission doesn’t normally sound like much, it’s worth tens of thousands of dollars when it comes to selling your home. The other big time and money saver in an all-cash deal are the home can be sold as-is. That means no money or time spent on expensive and lengthy renovations before the sale is made.
What Circumstances Make the Most Sense for Accepting a Cash Offer?
The typical reasons for someone taking an all cash-deal go hand-in-hand with the benefits of an all-cash deal: time and money. Most often, owners that want to sell their condo for fast cash are either short on time, cash or both. A couple going through a divorce may want to sell quickly, someone in the middle of a rough patch might need lots of money that only a home could provide. If a home is in really poor condition and isn’t sellable on the traditional housing market, a cash home buyer can buy it as-is with no trouble. These are just some of the common scenarios people are facing when they look for an all-cash offer.
Quite often, owners looking to sell their cottage fast opt for an all-cash sale because they’re in rough shape or to minimize time spent travelling back and forth between their two properties. If your property has been severely damaged, it might make more sense to sell to a cash home buyer and let them deal with the repairs instead of yourself. In this scenario you get fast cash for the sale without having to worry about cleaning, fixing things, paying for repairs and paying to maintain the home during reconstruction.
Many people place a high value on privacy. If you are one of these people, you might feel uncomfortable with strangers walking through your home. A cash home buyer only needs a quick walkaround to appraise your home and make an offer. That means no hassle on your part to clean the place up for visitors. The cash home buyer will be discrete and if they need more information you can simply send pictures and videos to them. They will use this information to place an offer so make sure the images and/or video are clear.
Why do Burlington Home Buyers Buy with Cash?
The most common reason people buy homes with cash is to flip them or rent them out in the future. They buy with cash to save a little bit of money, renovate the homes, and then resell them for a profit. The money and time saved in an all-cash deal make it the ideal scenario for these buyers.
Other buyers look to buy for themselves or as an investment. If it’s an investment property, usually they rent out the home or condo. Sometimes, as a rent back option, they’ll rent the home back to the previous owner. This can be quite handy if the homeowners needs fast cash, but would prefer to continue living in their current home.
What’s a Fair Price for Your Burlington Home?
Figuring out a fair price begins with some market research. You’ll want to find out what homes in the same area with similar square footage and the same number of bedrooms and bathrooms have sold recently. This will give you a base price to go off of.
You’ll also need to factor in what renovations the home needs. In an all-cash sale, the cost of any needed renovations will be deducted from the base price. The cost of the renovations is the difference you’ll see in price between what you’ll get in the open market versus a cash deal. Even so, most cash deals can still bring in up to 95% of the open market price.
Getting a good Cash Offer
The things that appeal most to a cash buyer are time and money. Anything you can do to speed up the selling process like, no contingencies and quick closing will mean a better offer.
How do you find a cash buyer in Burlington?
Finding cash buyers in Burlington or the surrounding communities can be surprisingly easy. They can frequently be found at real estate auctions and online platforms like Kijiji, Craigslist, and Facebook. Posting on the Multiple Listings Service (MLS) is a must and a “For Sale” sign on the front lawn is another good option. The quickest option though is a quick Google search. Typing in “Woodbridge cash buyers” or “Sell Burlington home fast for cash,” will bring up a selection of companies that specialize in buying homes with cash in your area.
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.
If you’re interested in or need to sell your home fast, an all-cash offer may be the most ideal option for you. To learn more about cash offers the team at the Mortgage Broker Store is here to help. Our cash buyers in Burlington or mortgage brokers can easily be reached at 416-499-2122 or by filling out the simple form on our website. If you need to sell your house, condo or cottage in Burlington in a fast manner, we can work with you! Call us today for a free consultation to see if a cash home buyer is right for your needs.
- What makes this an ideal time to sell your Burlington home?
- Why is the Burlington market so hot right now?
- What Makes Selling Your Home for Cash a Good Option?
- What Circumstances Make the Most Sense for Accepting a Cash Offer?
- Why do Burlington Home Buyers Buy with Cash?
- What’s a Fair Price for Your Burlington Home?
- Getting a good Cash Offer
- How do you find a cash buyer in Burlington?