The process of selling a home can be long and arduous. Not only do you have to pack up and leave the home that you’ve spent many years in, but you also have to go through the process of listing the property, hosting open houses, and meeting a dozen potential buyers. Fortunately, this is not the only way to go about selling your home, you can work with cash home buyers instead.
What Is a Cash Home Buyer?
A cash home buyer is a person or company that buys properties to resell or rent at a later date. As you can tell by the name, they pay in cash rather than through a mortgage or other financing options, and therein lies their appeal. Whether you’re in Ontario or any other place in Canada, you can find cash home buyers that will work with you. If you want to sell your home fast, they may just be the best option.
Why Sell a Home in Oshawa?
Reading this, if you have a home in Oshawa, you might wonder why it would be a good idea to sell it. The answer lies in Oshawa’s recent real estate market trends. The average house in Oshawa sold for $853k in the final quarter of 2021, a whopping 38.3% increase compared to the same quarter last year.
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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.
Condos sold for an average of $233k, a considerable increase from last year’s $190k. What’s even a more impressive stat is the number of homes sold in Oshawa in a period from October 20 to November 27: 324 homes. In other words, properties in this area are highly desirable.
If you want to sell your house or condo fast, you couldn’t find a better time than now. You’ll make a significant return on your investment and you have a high chance of selling your property quickly. Moreover, Oshawa is one of the most appealing cities to live in Canada. It’s prime location provides living options that cater to all lifestyles. Nearby towns include Courtice, Bowmanville, Newcastle, Clarington and Orono.
For those who prefer a bustling city lifestyle, they can find it. On the other hand, there are lots of rural and lakeside areas in Oshawa that would appeal to people who prefer living in suburbs. There are beaches and beautiful lakes, not to mention some great schools and a ton of other amenities.
People have different reasons to sell their homes and move; you can be trying to pay off your debt, save money for retirement, or simply trying to move. Whatever your reasons are, selling a home in Oshawa can help you turn a new page and start over elsewhere. The question is, are cash home buyers right for you?
Why Should You Sell to Cash Buyers?
Save Money When Selling Your Home
A real estate agent may be helpful when it’s time to sell your place, however, realtors aren’t cheap. Between their commission and the fees they charge, you can expect to pay the real estate agent up to 7% of the sale value. This is a lot of money that most sellers would rather save, and you can do that if you sell to a cash buyer since there is no real estate agent involved.
When you work with a cash home buyer in Oshawa, you don’t need an intermediary since the process is quick, straightforward, and you get paid in cash. You pay no commissions or fees and keep the entire cash sum from the sale.
Save Time By Selling Your Home or Condo Fast
Perhaps the biggest appeal with cash home buyers is the fact that they can help you sell your home faster than through a real estate agent or on your own. From Ajax to Whitby and anywhere else in Durham, a cash home buyer will be interested in purchasing your home and they don’t need much time to come up with an offer.
When you’re selling to ordinary buyers, you have to go through the hassle of hosting viewings and cleaning up afterwards. The problem is, this process takes lots of time and effort on your part and there is no guarantee that someone will purchase your house. This isn’t the case with cash home buyers. They will quickly appraise the home and you’ll get an offer, within a day or two at the most. You can even send the buyer pictures and videos of the place online.
The cash buyer doesn’t just get back to you with an offer within 24 hours of their appraisal, and they can close the deal within a week or a date of your choosing, unlike private buyers who may need months to pay you through their bank.
Get Fast Cash for Your Home
When you sell to a cash buyer, you get paid much faster than if you would by going through the traditional home-selling process. Closing the sale traditionally takes a few weeks or a couple of months, but with cash buyers, you have the flexibility to choose the closing date since the cash buyer doesn’t have a mortgage to get approved. This way, you waste any time and get fast cash for selling your house, cottage, or condo .
Take Advantage of the Rent Back Option
With cash buyers, even after the sale is done you don’t have to move out of the property. Many cash buyers offer a rent back option that allows you to remain in your house, condo, or cottage as a tenant. This option lets you sell your home for fast cash without having to move, you can live in it as long as you want. This is highly advantageous if you need to pay off debts but want to stay in your family home. You can even buy your home back from them in the future if you choose.
Easily Sell Your Cottage or Second Property
The farther you are from the city center, the harder it becomes to sell property, which is why second homes and cottages often take much longer to sell than ordinary homes. If you have a cottage in rural communities like Nestleton or Scugog, selling those will not be easy, especially during the winter. Since cottages are often seen as seasonal homes, there will be a much smaller pool of private buyers. With cash home buyers, though, this is irrelevant. They will appraise the property and give you a fair offer just as fast as they would for any other property. This lets you sell your cottage fast rather than spend months listing it with a realtor.
Sell Your Home or Cottage ‘As-Is’
No one who needs to sell their home fast wants to waste time and money making repairs and renovations. With cash buyers, you don’t need to do any of that. They can purchase the property ‘as-is’ regardless of its current state. You don’t even have to clean the place. The buyer will appraise the property and make you an offer, and you won’t have to spend a penny renovating it. They will take care of that later before renting or reselling the property.
Get Fast Cash for Your Home in Oshawa
These are lots of factors that are driving people toward cash home buyers. If you’re looking to sell your house or condo fast to pay off debt or separate assets during a divorce, then cash home buyers are the quickest way to do it. You also get more control over the whole process, and you’ll be able to sell the property in a matter of days.
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.
While cash home buyers are legitimate real estate professionals, you will want to do some digging and research the company. Just like the cash home buyers at Mortgage Broker Store, you want to make sure whoever you work with is reliable and experienced in Oshawa’s real estate market. To learn more about selling your home and cash home buyers in Oshawa, call us at 416-499-2122 and we’ll help you find what you’re looking for.