When it comes to buying homes in Canada, Niagara is one of the most popular places in the country. The region is home to some of the most stunning natural sights in Canada, ranging from breathtaking waterfalls to vast natural reserves. Its population is also limited with less than half a million residents occupying the 1,854 km² area, meaning houses are crowded together and you won’t stumble on high rises everywhere you go. These factors and others have contributed to the high demand for properties in the Niagara region.
Reports show that house sales have increased by a whopping 102.9% in the first quarter of 2021 compared to 2020, a result of people feeling stifled by the pandemic and wishing to move to quieter, more open spaces with natural scenery rather than being stuck within squalid urban neighbourhoods. This has also led to a 40% increase in home prices in the region compared to last year. For Niagara residents who want to sell their homes fast, now is the perfect time to act.
What Are My Options?
If you want to sell your cottage, condo, or house, there are a couple of options. You can relieve yourself from having to find a buyer yourself and hire a realtor with enough experience in the region. They will handle the listing for you and also prepare the necessary paperwork. The main disadvantage of hiring a real estate agent is the fact that you will need to pay them a hefty commission. Moreover, the process takes more time when a realtor is involved as they’ll most likely look for a mortgage buyer, which usually entails a long process involving banks.
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.
On the other hand, if you want to sell your home fast, cash buyers are a better option whether your home is in Niagara or any other region in Ontario. With cash house buyers, there is no real estate agent involved, you can do everything yourself, which also means that there is no commission you must pay. You save not just time, but also money.
Which Is the Better Option for Me?
Speed
The answer to that question depends on a lot of factors, starting with speed. How fast do you want your house sold? Granted, most people who are putting their home on the market want it sold as soon as possible, but the fact is, some people need to sell faster than others. If you are unable to pay your mortgage, for example, and you are facing foreclosure, then your best shot is to go with a cash house buyer who can buy your property quickly. This allows you to get the most value out of your home before your lender tries to take it away from you.
In other cases, people might be separating and want to divide assets, so selling the house quickly is a matter of urgency here as well. If you’re in debt and you want to sell a vacation cottage, then selling fast here is also a necessity rather than a luxury. So, when it’s time to sell your property, you need to consider how fast you need the process to go.
Location
The location is another crucial factor. Working with a real estate agent can save you some effort, but sometimes, the realtor doesn’t have much to offer you. If you’re in a Niagara city like Pelham or Lincoln, the population can be very low––17,110 and 23,787, respectively, in those examples. This means that demand for properties may not be high in areas like these. In a case like this, a real estate agent can struggle to get you a quick offer. Cash house buyers, on the other hand, purchase properties in locations like these to resell or rent them, so they’d be interested in your house or cottage, even in quieter towns.
Your Availability
If you don’t want to hire a real estate agent to avoid paying a commission, you’re going to need to sell the house yourself. While finding cash buyers can be a lifesaver in this scenario, you will need to look for one. Cash house buyers won’t magically find your property, you will need to reach out to a cash home buyer directly. Cash home buyers can give you a free initial consultation, and since they don’t need much to place an offer, they can easily work around your availability.
Selling ‘As-Is’
Another point you’ll need to consider is whether or not you’re willing to make any repairs to your home to tidy the place up before listing it. With cash house buyers, you don’t need to do that. They understand the need for a quick sale that many of their clients have, and they’ll buy it from you in its current state. This means they’ll do all the necessary repairs and cleaning, and you won’t have to waste any time or money doing that.
Some cities in Niagara like Thorold or Welland often experience heavy rain, which can damage home roofs over time. If you want to sell your house or cottage fast in locations like these, you don’t have to worry about fixing the roof or anything else. Just find a cash house buyer and they’ll buy the property ‘as is.’
How to Find a Cash House Buyer in Niagara
It’s actually quite simple. Wherever you are in Niagara, you just need to go online and search for cash house buyers in your area. You might find them marketing themselves as ‘fast home buyers.’ You’ll find websites online and even advertisements in newspapers. You just need to reach out to one of those companies and they will get back to you with a quotation. Make sure you’re looking for reputable companies with good reviews so you can be confident you’re dealing with a company that won’t scam or try to lowball you.
The great thing about cash house buyers is that they can appraise the property and give you a number in as little as a day, unlike private buyers that will most likely shop around and view multiple houses. The deal can be closed in a week or two, which is very fast compared to mortgage buyers who can sometimes spend two to three months to get the necessary approvals.
Have 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.
At the end of the day, most people prefer to sell their homes to cash buyers because it’s faster and easier, not to mention significantly less effort for the seller. If you want to sell your house, condo, or cottage fast, you should consider looking for cash house buyers in your region. To learn more about this process, you can call us at 416-499-2122 or click the ‘free quote’ button at the top right of our website to get in touch and receive professional advice at no cost to you.