Kawartha Lakes has so much to offer, being the home of more than 250 lakes and rivers linked by the Trent-Severn Waterway. Its natural environment provides countless opportunities for wonder and exploration for young and old alike. However, according to Point2Homes, Kawarthas ranked second to the last among the Top Millennial Hot Spots in Canada for 2021. Analyzing nine factors out of the 85 largest cities in Canada, Kawarthas ranked 84th. The city is not so tempting for millennials first because of the low percentage of Canadians with a bachelor’s degree, second the low percentage of population in the area, and lastly the expensive house pricing compared to other areas. If you are one of those millennials who wants to be in a community with like-minded individuals, perhaps you are already looking to sell your house, condo, or cottage. If you want to sell it quickly, selling to a cash home buyer is an option for you.
A cash house buyer is a person or company that is willing to purchase your home for cash. Usually, home buyers take out a mortgage loan from a bank or other creditors to be able to buy a house— not with a cash home buyer. This means the person or company has liquid cash and enough of it to not need to borrow from any entity. This is a good thing for any seller because it means the sale transaction can be done faster and there is less to no middleman involved! This means no real estate agents, no commissions to pay!
Why Sell Your Kawartha Lakes Property to a Cash House Buyer
Since the start of the pandemic in 2020, the real estate market has continued to rise and still haven’t stopped doing so. The Kawartha Lakes Real Estate Association Inc. MLS benchmarks the housing price at $632,200 for last October. This is a steep increase of 34.6% compared to October of last year. It also notes that there were only 110 new residential listings last month, the lowest number of new listings in the month of October in five years. With low numbers of houses listed, you can for sure sell your home, condo, or cottage at above market price.
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 season might be the best time to sell your home. In an article at The Star, Realtor David Marsh shares that “he hasn’t seen a single property that hasn’t gone over list price in the last six months. He also noted that waterfront is currently the strongest of all the markets.” He goes as far as saying, “‘If I had bet against this, I would be broke. I did not think it would continue at this pace. I’ve been doing this for 38 years and since the pandemic, nobody saw this coming…’”. There is still time to sell your house at this seller’s market by considering selling fast to a cash house buyer. It will be easier to advertise now as well to families and want-to-be homeowners who are interested in the tranquility that Kawartha Lakes offer as this is the time to purchase and preparing to move and enjoy their new home come summer of 2022 with all the neighborhood has to offer.
Kawartha Lakes: The Houseboat Capital of Ontario
Amalgamated in 2001 as the second largest single -tier municipality in Central Ontario, Kawartha Lakes was previously known as Victoria County. It has a population of 75,000 residents and 31,000 seasonal residents. With a land area of 3,059.5 sq. km, it has a population density of 24.7 per sq. km. Its central downtown areas are that of Coboconk, Norland, Omemee, Lindsay, Fenelon Falls and Bobcaygeon.
Because of its natural beauty, it attracts 1.6 million visitors every year. This is a city where it is hard not to find something to do; from going to an agri-tourism and heritage trail, to visiting a variety of their museums and art galleries featuring works of their diverse communities. As for their public beaches they have 15 and boat launches are classified per beach park and surrounding areas. It’s best to visit their website for the location and more details of each. Lastly, Kawarthas is the home of the Trent-Severn Waterway National Historic Site of Canada; a picturesque route of interconnected rivers, lakes, locks, and canals stretching at 386km. There are five waterway locks offering activities like mooring, water hook-up, boater camping, canoeing, picnic areas, and oTENTik (waterside camping accommodation).
The community is proud of its agricultural background and brands its growing community as a place where urban meets rural. Its small-town charm and relaxed lifestyle appeal to those who wants a peaceful dwelling but still is conveniently located within an hour driving distance to the Greater Toronto Area.
Selling Your Home in Kawarthas to a Cash House Buyer
Ready to sell your house, condo, or cottage, quickly to a cash house buyer? Here’s what you need to do: first, gather information about your property. Know the current market value, how large is your lot, how much waterfront do you have, if not how near is it to a waterfront (the nearer the higher the price), how many properties similar to yours are currently listed for sale, and other things that would affect the pricing of your home. This would help you market your place and also know if you are being scammed at a lower price.
Next step would be finding your buyer. Cash house buyers usually advertise in newspapers and magazines, but the easiest place to find one nowadays is on the internet. Just do a search for “Cash house buyers in Kawartha” or “Cash house buyers in Ontario”. Make sure that the person or company is legitimate before contacting them. Do some background research. Once you are satisfied, get in touch with them saying you are interested in selling your property for cash. Cash house buyers usually offer free quotations and give out an offer within 24 hours. Mortgage Broker Store is a cash house buyer and can be contacted for free advice. You can contact several cash home buyers to compare prices. It is also for you to compare how you feel with the buyer you are dealing with. It is important that you feel comfortable to be able to build a good relationship and to trust the buyer of your home for a hassle free and smooth transaction.
House or Cottage in Poor Condition
Is your property old, damaged, poorly maintained? You don’t need to worry about fixing anything when you sell to a cash house buyer. They will buy your property in an “as-is” condition and you don’t even need to clean or spend money on repairs. The appraisal value of your home might be priced lower due to the poor state of your home, but you save time and do away with the stress of renovations.
Once you select a cash house buyer, do more research and due diligence. For example, if the seller is acting as a person, ask for proof of funds by means of a bank statement. If the cash house buyer is a company, ask for other sellers they have dealt with and talk to them for feedback. Ask them about their experience dealing with the cash house buyer, if they experience any roadblocks, how they dealt with it, and if they have any tips for you as a seller.
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.
And finally, read the fine prints of your contract. Make sure you understand and agree to the terms before finalizing the sale. Consult with an expert if you need to. Goodluck and happy selling!