Mississauga continues to be a highly sought-after area to call home. Other areas close by including Burlington, Milton, Caledonia, and Acton also remain excellent nearby towns to purchase houses or condos. The desirability of Mississauga and the surrounding area should come as no surprise given the region’s accessibility to downtown Toronto.
Bordering Lake Ontario and falling under the Municipality of Peel, as of the last 2016 population census, the city’s population is 721,599. The city has grown since and has already leaped into the position of the third-largest metropolitan area in the Province.
Mirroring the desirability of the area, the Mississauga housing market continues to be very robust and houses sell quickly. October Mississauga housing numbers, according to the September 2021 Mississauga housing report, show that the current price of a 3 bedroom, detached family house stands at 1.0 million. This represents a 7.1% monthly increase, a 3.2% quarterly change, and a year-over-year increase of 14.2% since September 2020.
Solving Short Term Financial Concerns – Selling Your Home Quickly
Life can throw curveballs. Mississauga homeowners can be faced with pressing financial obligations that require immediate action. Although taking equity out of an owned property such as a condo, cottage or house may be one option, there are circumstances that may require an immediate sale of the property. Regardless of the type of property, there are compelling reasons to sell your home, cottage, or condo fast. These reasons can include:
- Homeowners are under immediate threat of eviction under a power of sale or foreclosure
- A homeowner cannot access the property for whatever reason
- House is in poor condition and is not fit for real estate showings
- Special conditions of occupants or pets make typical real estate showings difficult-
- A homeowner must have fast money to meet financial obligations
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.
The most pressing reason of all the potential motivations to sell your house or condo or perhaps summer cottage quickly is the threat of imminent eviction or having to cover the sheer mounting legal costs of an ongoing foreclosure or power of sale. Selling your home quickly to avoid repossession by your lender tops the list.
If a Mississauga homeowner falls into mortgage arrears their lender has the option to begin a default process which will include either a power of sale (by far the most common default process used by Ontario lenders) or a foreclosure.
It is in the best interest of a Mississauga homeowner to try to prevent the end result of either process which ultimately leads to being evicted from the home. Approaching a cash home buyer who will not charge commission will avoid this end result and prevent the repossession of the property.
A cash buyer is best described as individuals or companies that regularly buy houses, typically renting or reselling for a profit. Established Ontario-based homebuyers will take over the immediate sale of a property and sell the home quickly in the current conditions it is in.
No Real Estate Agent and Pay No Commission
For those that do not have the time or financial means to put their property on the open market by preparing the property for sale and listing with a realtor, approaching a cash home buyer can get the ball rolling quickly without incurring the significant cost of selling through traditional channels.
This option also means that there are no real estate agents and that there is no commission to be paid. Homeowners can save tens of thousands of dollars, you can actually get more money when selling to a cash buyer.
Condominium Cash Buyer (Condo)
Our condo buyer can inspect and present you with a purchase price usually on the same day. The inspection is fairly quick and will take about 20 minutes. The seller can opt for an immediate closing or within a few months.
Will the Cash Homebuyer Buy at Market Value?
A home buyer will assess the current appraisal of the property and use this current market assessment to come up with a fair sale price with a discount. They will almost always offer an amount that is below current market value. However, they will buy the property as-is which means no cleaning or repairs of any kind would be needed.
Speak With A Cash Buyer in Mississauga 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.
It will not be possible for a cash home buyer to buy at the market value (or full appraised value) because of the costs incurred by the cash home buyer as well as the reasons a homebuyer will be buying your property. Cash home buyers will likely try to sell your property which will represent a cost for them or they may try to fix up the property and try to rent it out by viewing it as an investment property.
Either way, the costs involved for the cash home buyer will lead to selling your property at a fair price but with a discount to the appraised market value of your property.