Milton has been one of the fastest growing municipalities in Canada. This historic town has managed to preserve its roots even with the influx of new residents and new infrastructures brought about by its rapidly growing economy. With more improvements on the way and the city’s goal to be a center for innovation and education, maybe you are realizing that you do not echo the same vision as your city. Or perhaps you see that your home has been left out of the development and it’s time for you to let it go and move into a new one quickly before prices go up. These are just some of the many reasons why you would want to sell your house, condo, or cottage in Milton fast. If that is the case, consider selling to a cash house buyer.
What is a Cash House Buyer?
A cash home buyer is a person or a company that can pay you cash for your house. They have enough funds to buy your property outright without needing any sort of financing or mortgage loans. These cash buyers can be real estate investors who buy homes, fix them up and sell them, retirees who are using their savings to buy a home completely instead of paying mortgages, or just really rich buyers who can afford to pay cash.
Town of Milton: A Blend of Urban and Rural
Milton is a 363 km2 area in the south end of Ontario. Being part of the Halton Region in the GTA, it is surrounded by the cities of Brampton, Mississauga, Oakville, Hamilton, Burlington, Cambridge, and Guelph. It has a population of 143,101 in 2021 and is expected to grow to 235,000 by 2031. With this growth target set by the region, Milton needs to build 5,300 new residential units along with urbanizing its area for parks, schools, stores, and offices.
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 town boasts of its modern and historic features, all with the beautiful view of the Niagara Escarpment. The neighborhoods 401 Industrial Area, Bronte Meadows, Ford, Cobban, and Nelson are the most populous and ever-growing zones.
The majority of the residents are young families, and the city continues to attract similar wanna-be-homeowners. It could be because their property tax is the third lowest in the GTA at only 5.68%. Or possibly because the Town is located at the center of Canada’s technology cluster, the Toronto-Waterloo innovation corridor, making it an ideal place to live in for those in the technology and business field. Milton is about an hour away from the Canada-U.S. border, 30 minutes’ drive from Waterloo, and 40 minutes from Downtown Toronto.
When it comes to the local housing market, the Oakville-Milton and District Real Estate Board reports that the average price of homes for November 2021 was at $1,475,230, a sizable increase of 26.3% compared to the same month last year in 2020. Lynn Hoffmann, President of the Oakville-Milton and District Real Estate Board said “home sales posted the fourth best November on record, and the massive rebound in activity this year has put 2021 in a tight race with 2016 for the highest annual sales record. The strength we’ve been seeing on the sales side has continued despite a below-average showing from new listings returning to the market.”
While the number of new listings decreased by 11.9% from November 2020 with only 393 residential units listed, home sales remained above average in November 2021. The Board notes that this was the lowest number of new listings in the month of November in more than a decade. This might be the perfect time to sell your house, condo, or cottage while the competition is low, and the demand is immensely high.
Reasons to Sell Quickly to a Cash Buyer in Milton
Homeowners typically sell their houses quickly when they have big life changes and need cash immediately. Maybe they are going through a divorce, a bankruptcy, or have a sudden unavoidable big expense like paying for medical bills. Perhaps they can’t pay their mortgages anymore and need to sell quickly to avoid further damaging their credit score and incurring more financial charges. Whatever reason you have in selling your home, if you want to do it fast, consider selling to a cash house buyer. The transaction involves fewer middlemen like real estate agents, underwriters, mortgage lenders, and insurance agents. This means no commission fees and way less paperwork to do. You cut down on the processing time too!
House is in bad condition
Another advantage of selling to a cash home buyer is that they buy your property on an “as-is” condition. It means you don’t have to clean up, worry about fixing the electrical system, repainting the walls, hiring a pest control service, or repairing the heater. These issues are perfectly acceptable to a cash house buyer. The offer may be lower due to the poor state of your home, but you still save time and the stress of doing the fixing just to sell it.
Sell and rent back option
When selling to a cash house buyer, you have the option to stay on your property as a tenant after you have sold it. This option is usually prefered by people getting evicted or when a homeowner requires cash quickly, so they sell their home but don’t have a new place to move yet.
Cash Buying Process for Milton
If you are set to sell your house quickly, be sure to do some research first about the local housing market. Check the Milton website for any housing information you might need and know the price of your house. You can then proceed to find a cash house buyer. You can find them in newspapers, real estate magazines, and of course the internet. Just google “Cash house buyers in Ontario” or “cash home buyers in Milton” and you will get many results. Make sure the person or company you are dealing with is legitimate. Check out reviews and double check their profiles and business. Request a quotation from the cash house buyer. It usually takes them less than 24 hours to come up with the offer after evaluating your home. You are then presented with the contract for your review. When dealing with a cash house buyer, you should always ask for proof of funds though a certified bank letter to make sure they can really pay out an amount of that size. Once you agree, there will just be a final inspection of your home and then the closing and title search to make sure that the property can be transferred free of any claims or judgements. Once that is cleared, congratulations! You then get paid!
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.
Selling to a cash house buyer can be as simple as that if there are no hiccups on your part or the cash buyer’s. Make sure that you deal with a cash buyer you trust and have open communication with, so you don’t feel insecure. The process can be done in a matter of days, and the cash buyer is your partner in making this swift transaction pleasant and smooth. Mortgage Broker Store is a reliable cash home buyer and can be contacted for free advice.