You might be relocating, or facing a more serious set of circumstances like a power of sale or foreclosure. It doesn’t matter why you need to sell a cottage, home, or condo fast. A cash home buyer can help with a direct efficient method.
A cash home buyer is a company or individual who has the money on hand to close the deal. Generally, they want to resell or rent the property and make a profit on it. This option is good for people who don’t want to or can’t use the more traditional methods that involve a real estate agent.
Quite often these people need the proceeds from the sale quickly. In other situations, open houses aren’t an option because of the property’s condition or the current occupants.
In either of these situations and others, a cash home buyer is a good idea. You can generally get a no-obligation offer within 24 hours for an amount below market value. These buyers use different metrics like appraisals and online property websites to arrive at their numbers.
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.
Understanding how one of these buyers works is important if you’re looking for a fast sale. It’s also a good idea to have an overview of the current real estate trends so the process moves along smoothly.
The Real Estate Trends in London
The MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR) are suggesting that the April numbers are in parallel with the decade average for sales. Eight hundred and seventy-seven homes were sold in the London St. Thomas area in April of this year.
There are also 1609 new property listings for the same period. There were, however, some headwinds in the market.
The home price index benchmark price noted there was a 4.5% month-over-month decline. The overall average home price fell in a parallel fashion. It decreased from $823,954 In March to $771,682 in April.
There’s no need to be worried about the falling numbers, according to Randy Pawlowski, 2022 LSTAR President.
“There is nothing dramatic about the decline in home prices,” he said to The Canadian Real Estate Association website recently. “These single-digit decreases were expected after two consecutive interest rate hikes by the Bank of Canada and the Ontario Government’s decision to expand and increase the non-resident speculation tax.”
That’s good news if you’re looking to sell a cottage fast.
Reasons to Sell Quickly to A Cash Buyer in London
It doesn’t matter where the property is located. Homeowners in St. Thomas, Aylmer, Strathroy, Mt. Brydges, Ingersoll, Port Stanley, or Lucan would like to get the highest possible price when they go to sell. However, there are many situations where that’s not possible.
There are several legal processes as well as business and/or personal issues where fast cash sales become necessary. These situations include:
- eviction through a power of sale or foreclosure.
- Separation and divorce proceedings.
- Paying back escalating personal and/or business debt.
The traditional real estate market isn’t a good option for homeowners who find themselves in these and some other situations. A cash home buyer can cut through the red tape and get you a no-obligation offer in as little as 24 hours. Plus, there’s no need for renovations or upgrades. It’s a good way to sell a condo fast.
Remember, there’s no commission and no real estate agent involved.
Some homeowners who need to sell a condo quickly are facing overwhelming renovation or repair bills if they want to market through a real estate agent. The place might need a new roof, updated plumbing, or a new electrical system. These can be costly projects the homeowner might not have money for.
A cash home buyer in London will present people facing those situations with an offer for the house in AS-IS condition. Plus, the whole process is simple.
Cash Home Buyer Process For London
First off, there’s no commission and no real estate agents to pay. Savings start there and continue through the three-step process.
- Contacting a cash homebuyer in London can be as simple as filling out a convenient contact form. Many reputable companies also offer a phone number so you can supply the essential information.
- There’s a quick inspection next. These companies will want to see all the rooms in the house as well as the yard and roof. Remember, to sell a home fast you don’t need to make any repairs or renovations.
- The offer comes next. There’s no obligation and you can get a number in as little as 24 hours. A closing date is all that’s left and the seller gets to pick a date that suits them.
The cash home buying process is user-friendly. There’s even an option for people who would like to stay in their home after it’s been sold.
Sell and Rent Back Option
A cash home buyer in London can also make it deal with the seller so they can stay on as a tenant. The new owner pays for any repairs and upgrades while the seller handles utilities like gas and Hydro.
The amount of rent is determined by the equity and selling price. Once you understand the process, you only need to find a company that can help with a fast sale.
How to Find A Cash House Buyer in London
Proof of funds is important in establishing a company’s credibility. Ask for a recent bank statement before you move forward with any cash home buyer in London.
Look for reviews on cash homebuyer websites. Google reviews are another excellent way to check up on the reputation of the company you’re considering using.
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.
Mortgage Broker Store is a cash home buyer in London. If you are looking for a quick sale and need some free advice about your options, get in touch with us today. Email firstname.lastname@example.org or call 416-499-2122.