Peterborough is a serene and peaceful cottage city where the pace is more leisurely than the bustling capital city life of Toronto an hour away. Although this relaxing and tight-knit community has its charm, it might not be for everyone, especially those that are used to an energetic fast-paced environment. If you are looking to moving out and selling your property, be it your house, condo, or cottage in Peterborough fast, then selling to a cash house buyer is a great option for you.
Why sell to a Cash Home Buyer?
A cash home buyer is someone who wants to purchase your house, home, condo, or cottage for cash. This means the person or company does not need a mortgage loan or any financing back-up or security to buy a property. Cash home buyer are generally investors who are looking to fix the property and sell them or hold them as rental homes. They also can be retirees using up their savings to avoid mortgage financing costs. This would be a possible scenario especially on the peaceful and relaxed lifestyle in Peterborough.
Why is this a great option for someone who wants to sell their home quickly, you may ask; it is because paying in cash means there is less paperwork and less people involved when buying a home. People involved when buying a home are usually you as the seller, a buyer, a real estate agent, a lender (which are usually banks or government entity), purchasing specialist, underwriter, home inspector, home appraiser, title agent, and a closing agent. Selling to a cash home buyer allows you to skip all that middleman. No fees. No commissions.
Peterborough and the Kawarthas
Peterborough is located at the East Central Ontario. Famous for the Kawartha chain of lakes, this dreamy community has an assortment of recreational activities that welcomes travelers from all over the world. It has a population of approximately 138,000, five neighborhoods of Ashburnham, Downtown, Monaghan, Northcrest, and Otonabee. Surrounding cities include Lakefield (13.4 km), Omemee (19.1 km), Millbrook (20.4 km), while the closest major cities are Oshawa (62.8 km) and Toronto (110.7 km). According to Townfolio, their top industries are those in aerospace, agriculture, manufacturing, tourism, and business services.
There are many towns in the area which also include Bridgenorth, Norwood, Havelock, Trent Hills, Campbellford, Marmora, Madoc, Grafton, Hastings and Brighton. All of these small towns offer great communities to live in with a lower cost of living. Lakes in this area include Rice Lake, Seymour Lake, Round Lake, Crowe Lake, Belmont Lake.
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.
Currently, the City of Peterborough in partnership with Trent University, is developing Cleantech Commons. Cleantech Commons is envisioned to be Canada’s premier cleantech destination where start-up ventures and global companies in the areas of clean technology, agro-biotechnology, water treatment and advanced materials will be hosted.
The city boasts of its arts and culture as well, with town events and festivities spread the whole year round. They have a wide variety of museums, heritage preservations, and a hundred cultural workers and organizations building up the excitement of this fairytale of a town.
People who are looking to move here are usually families who are looking for a quieter place or international students who wants to attend top post-secondary institutions such as Trent University or Fleming College. Thankfully, even if the prices of real estate have been off the charts, Peterborough remains to be one of the cheapest places to live in Ontario. The Canadian Real Estate Association notes the average prices of homes sold in October 2021 at $749,799, a considerable increase of 33.2% from October 2020. On the other hand, $711,069 was the year-to-date average price; this is a 29.3 per cent increase from the first 10 months of 2020.
Reasons to Sell Quickly to a Cash Buyer in Peterborough
There are a number of reasons why someone would want to sell to a cash house buyer in Peterborough. For one, having a seller’s market, guarantees that the seller can get a great deal closing a house, even if it is in poor condition. That’s what’s great about cash home buyers! They can buy your house, condo, or cottage in an “as-is” condition. This means no effort on your part and no repairs needed that would cost you extra money. Sure, it may not be above market price, but it will be a good deal considering the saved time and hassle of fixing the damaged areas of the home.
Secondly, as Peterborough is a small tight-knit neighborhood, it might be appealing to you to let the whole neighborhood know of your departure and allow people to visit your home and be talked about. Selling to a cash home buyer means faster processing and no number of buyers visiting your dwelling.
Lastly, some may even say living here is too peaceful. Most high school graduates tend to move out of Peterborough to live somewhere they can better progress their career or for a different urban lifestyle.
Whatever reasons you may have for needing to sell your home fast, opting for a cash house buyer is an open option for you.
How is the Cash Buying Process?
It can be either a cash house buyer approaches you if they see the potential of your property and wants to buy it, or you can go find a cash house buyer online specifically in Peterborough or Ontario. The cash house buyer will assess the price of your house or condo based on current market appraisal, comparing properties around your area, and give you a discounted offer, considering the deal of buying your house “as-is”.
Some cash house buyers have the “Sell and Rent Back Option”. This allows the seller to sell their home to the cash buyer and they stay at their home as tenants paying rent. This scenario usually happens when people are being evicted from their place.
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.
Selling your house is a big step, but it doesn’t need to be difficult. When you have made up your mind to sell to a cash home buyer, be sure to do your research and read the fine prints before closing. Some might require your house for inspection or add contract contingencies that might not be to your liking. Mortgage Broker Store is a Cash House Buyer and can be contacted for free advice.