It is times like these when people just want to get out of the city to a safe and peaceful environment. They are eyeing smaller more rural towns such as Muskoka Lakes to move in and buy their safe haven. City dwellers are not restricted to cottage country either— they are looking into places such as Barrie, Kawartha Lakes and Huntsville in Ontario. They want to get out of the city so much and so soon, they are willing to pay above market price for it.
Are you looking to sell you house, home, condo, or cottage in Muskoka? Take advantage of the Seller’s Market today and sell your property fast to a cash home buyer!
Muskoka Cash House Buyer
Why sell to a cash house buyer, you ask? Because selling your property in Muskoka for cash means a faster and more often, less complicated transaction. It means no waiting for the mortgage loan of the buyer to pull through because the buyer won’t need it. Cash house buyers have actual liquid cash to purchase your home. It also means no real estate agents and no commissions. There is much less paperwork to be filled out and filed, fewer people to meet and deal with, and ultimately strips out the red tapes on your real estate dealings.
About Magical Muskoka
The District Municipality of Muskoka is located just two hours to the north of the Greater Toronto area. It is surrounded by Parry Sound and Sudbury to the west, North Bay going north, and Ottawa to the east. Its 4, 765 square kilometers of land has a population of around 200, 000 residents and 50,200 total households as of 2020. Be charmed by travelling through steamboats or kayak in its 650 lakes over 8 hectares in size. 38 of their wetlands is designated as Provincially Significant strengthening its protection of their natural wildlife.
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.
National Geographic has ranked Muskoka as its top among their 10 Best Summer Trips and among the Best 20 Trips in the World. Another accolade of this beautiful city is that from Reader’s Digest naming it as one of the Top 10 Greatest Canadian Road Trips.
Muskoka is made up of six area municipalities, namely:
- Town of Bracebridge
- Township of Georgian Bay
- Town of Gravenhurst
- Town of Huntsville
- Township of Lake of Bays
- Township of Muskoka Lakes
These six areas work together in a Two-Tier Local Government System to support their district strategies for economic development, align their services, and to be more cost efficient in taking care of its community, heritage, and natural environment.
Muskoka also has two Indigenous Communities, the Moose Deer Point First Nation and Wahta Mohawks that add to the cultural heritage, attraction, and uniqueness of the district.
When it comes to its economic snapshot, as of 2016, 43% of its labor market are in the tourism, construction, and service industry which is largely seasonal in nature. It had 3.2 million tourist visits back in 2016, generating approximately $500,000,000 for the district. Muskoka is also growing its real estate sector and international manufacturing firms.
Muskoka Real Estate Market
According to the market analysis of local realtors, Susan Benson and Mark Benson, now is the ideal time to sell your cottage, condo, or house in Muskoka. “Sellers are benefitting from historically high prices and availability of well qualified buyers in addition to historically low days on market. Our analysis based upon proprietary research undertaken at Royal LePage Lakes of Muskoka, from Sept 22nd, 2017 to September 22nd, 2021 suggests that while supply levels have been increasing, they are not yet at the levels to meet current demand. Buyers, meanwhile, will be in for some reprieve on multiple offers as record prices mean fewer buyers are willing to compete for the same property. As Buyers and Sellers seek to find the right balance between ever higher pricing desired by Sellers and Buyer fatigue, that has generally moderated the frenzy that existed earlier in the year, we have experienced a willingness by Sellers to entertain preemptive or bully offers and the return of limited offer conditions.”
Based on the Canadian Real Estate Association (CREA) reports, the year over year median price for a non-waterfront residential home as of October 2021 has increased in Muskoka by 20.3% from $527,777 to $635,013. On the other hand, the median price for a Muskoka residential waterfront property increased %14.1 from $890,000 to $1,015,501 in October 2021.
To further support how in-demand the property of Muskoka is, the district noted on their 2021 fun facts that there are 586 people on average on the waitlist back in 2020. 627 households are tallied on the waitlist too as of May 2021; “54% of those are waiting for a 1-bedrom unit with a wait time of up to 8 years.”
You may be looking to sell your property because you need to transfer to another area where your new employment is. Or maybe, you just inherited an empty house in Muskoka and have no interest in moving in. Whatever your reason for looking into selling your property, now is a good time to do it while the market is offering a pandemic premium on real estate.
Muskoka cottage or property in poor condition
So, you are ready to sell your home quickly, but then you think about the repairs you need to do for your cottage, condo, or house to be salable in the market. The old wooden floors might be creaking. The second-floor pipes burst and now there’s water damage at the living room ceiling. Windows are broken. Someone broke-in and now there are vandals painted all over the walls. You don’t need to worry about this when you sell to a cash house buyer. They buy the house “as-is”. You may be offered a lower price due to the condition, but it saves you the hassle and time of doing the repairs yourself.
How to Contact a Cash House Buyer in Muskoka
It’s not that difficult to find a cash house buyer especially on a sought-after property in Muskoka. You can look into real estate magazines, newspaper ads, or simply on the internet. Do a search for “cash house buyer in Muskoka” or “cash home buyer in Ontario” or a combination of both. Either way, a list will pop-up, usually companies, partners, or individuals, interested in buying properties for cash.
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.
Do a thorough research on who you want to deal with by checking for licenses, certifications, or simply just feedback and reviews. When you contact a cash house buyer, you usually get an offer within 24 hours. Mortgage Broker Store is a cash home buyer and can be contacted for free advice.