People who wanted to sell their homes often hire a real estate agent to handle the entire process. It’s the traditional way of selling properties, and it’s what everyone’s been doing for a long time. Does that, however, mean that hiring realtors is the best way to go about this for you? Not necessarily. For some people, a better approach would be finding cash home buyers to purchase their properties, especially if you want to sell your home fast.
What are Cash Home Buyers?
A cash home buyer is a company or an individual that purchases houses, condos, and cottages with the purpose of reselling or renting them in the future. This type of buyer gives you the cash sum for your home rather than paying through financing options, which is a major reason why a lot of sellers prefer this approach.
Cash house buyers are active players in real estate markets all across Canada and all over the world. If you are thinking of working with a cash home buyer to sell your condo fast in Oakville, conduct some research on the individual or company. A reputable cash home buyer like Mortgage Broker Store should have many years of experience working in Ontario’s real estate market.
Why Oakville’s Real Estate is a Seller’s Market
If you own property in Oakville, Ontario, you own a very valuable asset. Home prices have risen by a staggering 20% in 2021 compared to 2020 according to the latest MLS reports. The average house in Oakville sold for an average of $1.5 million in the last quarter of 2021, while a 1-bedroom condo sold for close to $600k. These numbers show significant growth from 2020, as the demand for homes in Oakville is still very high.
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.
These numbers also demonstrate that an Oakville home is a desired asset that you can sell for a lot of money. Whether it’s for financial difficulties or the desire to move to a more affordable part of Ontario, if you want to sell your home in Oakville fast, many parties will be interested.
Pricing aside, Oakville is also a great place to live with some exciting employment opportunities, a diverse and multicultural community, and a high average household income. In short, people want to live in Oakville, and you can take advantage of that if you sell now.
Getting a smaller house in the more affordable parts of Ontario is also a great idea if you want to save some money or invest after the sale. The average house price in Sarnia is about $360,000 while in Deep River it is $220,000. With such affordable prices, you can sell your Oakville home and purchase another in addition to maybe even a vacation home elsewhere.
What are the Advantages of Dealing with Cash Home Buyers?
Sell Your Home as Fast and Easy as Possible
The first major advantage of dealing with cash house buyers is the time and effort saved. When you deal with private buyers, the process can be time-consuming as they would check several listings and compare until they find what they’re looking for.
Not only that, but when you’re trying to sell your house through traditional channels, you will likely need to arrange open houses and viewings where strangers would come into your home and poke around. This whole process can take weeks or months. With cash home buyers, you don’t need to do any of that.
The cash home buyer needs an hour or two at the most to view the house, which can even be done via photos and videos, they don’t need to go inside. After that, they will give you an offer a day or two later at the most. Cash buyers want to resell or rent the property, so they want to close the deal as fast as possible, making them a great option if you want to sell your condo or house fast. The whole process could be over within a week or two, and you’re left with a cash payment for your home.
When you’re dealing with cash home buyers, there is no need for a real estate agent to handle the process as it’s pretty straightforward. This means you’ll pay no commission and save that money. This is a lot of money since real estate commission and fees can be up to 7% of the total sale price.
Rent Back Option
Sometimes, sellers want to sell their homes to get out of financial trouble. This makes the process of leaving all the more bitter because you don’t want to leave the home you’ve lived in and created many memories. With cash house buyers, you don’t have to.
Most cash home buyers offer a sell and rent back option that entails you selling the property and getting paid in cash for it while living in it as a tenant. You’d rent the property from the cash buyer. This way, you’d pay off your debts, still get to live in your own home, and not have to pay or manage any property maintenance.
Cash Buyer Buy All Kinds of Properties
A cash house buyer can purchase properties that you may otherwise struggle to sell. Waterfront houses and cottages in rural suburbs like West Oak Trails and River Oaks won’t sell as fast as condos and houses in the city. If you have a cottage there that you want to sell fast, a cash house buyer is your best option, especially if the property is damaged, old or decrepit. You won’t need to list the property online and wait for weeks or possibly months. If you reach out to a cash buyer, they’d give you a market value offer within days.
Sell Your Property ‘As-Is’
To sell a house or a condo through the traditional process, you need to inspect and repair the place so it would be suitable for viewings and open houses. Cottages, in particular, usually require plenty of repairs before they can be listed for sale. You may also have to hire a cleaning company to give the place a nice shine.
With cash home buyers, you don’t need to do any of that. They can purchase properties ‘as-is’, meaning that no matter what condition it is in, you won’t have to spend a dime on repairs or cleaning as they will take care of everything. They will appraise the property, give you an offer, and you won’t have to lift a finger.
Should You Sell to a Cash House Buyer?
The answer to that question depends on your circumstances. Some people might be going through a difficult divorce and need a quick solution for the separation of assets. Or you might want a cash sum to pay off your debts so you and your family can get off to a fresh start at a new location.
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.
You might be struggling with paying your mortgage and on the verge of foreclosure. In any of these cases, you’ll want to sell your house or condo fast, and cash buyers are your best answer. You get much more control over the terms of the sale when you get paid, and the whole process is much smoother and faster than the alternatives. With realtors and selling on your own, it could take months to sell your home. With cash home buyers, it’s a matter of days. Many people are leaning toward cash home buyers due to the speed and flexibility of the process. If you want to sell your home fast in Oakville, you need a cash home buyer. To learn more about cash home buyers in Oakville, or to speak with one directly, call us at 416-499-2122. At Mortgage Broker Store we’ll use our years of experience in Oakville’s real estate market to help you find what you’re looking for and sell your property without any headaches.