The traditional way to sell your home would be to hire a real estate agent to handle the entire process for you, but that’s not always the best option for everyone. The traditional process is long, arduous, and it involves lots of different people, something not everyone wants to deal with. Others may want to sell their house as fast as possible. If you are in one of these groups, the convenience and flexibility a cash house buyer offers makes them the ideal route to go.in Markham.
What Is a Cash House Buyer?
A cash house buyer is often a company––though it can be an individual––who purchases properties and pays the owners in cash. They usually go for residential houses, cottages, or condos, and the property is purchased with the purpose of reselling or renting it out after some renovations.
Cash house buyers are very easy to find as there are often companies in each city that specialize in purchasing properties in that particular location for cash. If you live in Wismer or Unionville, for example, you can find a cash house buyer by checking the local newspaper ads or by just going online and searching for local cash buyers in your area.
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.
The housing market in Markham has been one of the most active in Canada over these past 15 or so months, witnessing a significant increase in house sales and prices as well. Markham’s appeal comes from several factors, starting with the high employment rate and the competitive job market. Home to hundreds of tech companies, Markham offers employment opportunities that rival the larger cities. On the other hand, it also has excellent parks, scenic hiking trails, and the kind of quietness you’d expect in a suburb rather than a bustling city.
As a result of its appeal, the average price for a single-detached property in Markham has risen to a staggering $1.7 million. Residential listings have also increased by almost 150% in 2021 compared to last year. Active listings increased by an impressive 33.18% compared to 2020. These stats prove that homeowners in Markham who are considering selling their properties stand to make good money if they act fast. The question is, what do you need to do to sell your house quickly in Markham?
How Does the Process Work with a Cash House Buyer?
Cash home buyers are free from a lot of the red tape that makes working with realtors and banks unnecessarily long. This gives them the advantage of being more flexible and significantly faster to work with. If you want to sell your house fast, you need to do some research to make sure you’re dealing with a reliable company that won’t waste your time.
The process usually starts with you finding a cash house buyer in your area as explained earlier and reaching out to them. You can send the company then photos or videos of the property so they can appraise it, or they can send someone over to have a look around the place. The cash buyer will then give you an offer in as little as 24 hours or a couple days at most, which is where they stand out compared to regular buyers who will almost always take longer. After accepting their offer, the cash buyer will then close the deal and pay you the sum in cash.
Why Sellers Prefer Cash House Buyers
No Need for Realtors
A lot of sellers prefer cash home buyers because they can deal with them directly without needing real estate agent, which also means that the seller will pay no commission and will keep the full cash sum. Moreover, even with their extensive knowledge of the housing market and the specific cities and regions in which they work, realtors sometimes struggle to sell properties in villages and smaller towns that might not have a very active housing market.
Smaller towns/communities like Berczy and Cachet might not offer the same opportunities for selling properties as bigger towns in Markham. If you own a second home, it might not be so easy for a realtor to sell it, especially if you are in a time crunch. On the other, cash house buyers don’t mind purchasing properties in smaller towns and will gladly take it off your hands at a time of your choosing.
Sell Your Condo or House in Markham Fast
Whether it’s a condo or a house, cash house buyers are the most reliable option if you want to sell your home fast. A private buyer will want to check several other properties before they can decide on which one they want to purchase, and it may not be yours that they eventually go with. This could take days or weeks even, if not more.
A cash house buyer buys the property to sell or rent it as mentioned earlier, so they don’t have to shop around and see other houses. You don’t have to host an open house or list the property online as you normally would if you’re trying to sell the house on your own. You just need to find a cash house buyer and they’ll take care of the rest. Within a week or two at the most, you can close the deal and walk away with a lot of money.
Sell Your Property ‘As-Is’
One of the biggest perks of dealing with house cash buyers is the fact that they purchase the property ‘as-is,’ meaning you don’t have to worry about renovating or even cleaning the place. No matter what faults or leaks your home may have, or how badly damaged your cottage is, you can sell it fast by contacting a cash home buyer. They will appraise the property and give you a fair quote, subtracting the needed repairs from the market price.
Flexibility With a Rent-Back Option
The flexibility that cash buyers offer extends to not just the condition of the property and the speed of the transaction, but also to your moving-out date. If you’re in financial trouble and want to sell your house to pay back some debts, but you’re still unable to find a new place to move to, a lot of cash buyers offer a ‘sell and rent back option.’ This will allow you to sell your house and stay in it as a renter.
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.
By doing this, you will have all the time you need to find a new place without being in a hurry, or you can choose to live in the home you built many memories in without paying for its upkeep. You will also have a significant sum of money from the sale, so you will be able to pay your debts off, save it for the future, or buy a new home. If you need to pay debts in a hurry, cash home buyers let you choose the closing date, meaning you can get fast cash for your home at a time of your choosing.
Find a Professional Cash Home Buyer in Markham
When you’re looking for a cash house buyer, make sure the company has a proven track record and experience with purchasing homes all over Ontario. You want a company or individual that has purchased all types of property from cottages to condos and all over the province. To learn more about cash house buyers and how you can sell your home fast in Markham, call us at 416-499-2122. Contact our team to receive a free consultation with a professional mortgage and real estate expert. We can walk you through the home-selling process to help you fully explore your options so you are fully prepared for whatever decision you make. Regardless of why you need to sell your condo or home fast, you need to understand what options are available in order to make the best decision for you and your loved ones.