Thinking about using companies that buy houses for cash? There are a few good reasons for taking this route. There are no commissions or fees for you to pay. What’s more, cash home buyers in Pickering have the money on hand to close the deal.
Please read on to find out more about how you can sell your house fast for cash.
What Is a Cash Home Buyer?
As the name suggests, cash home buyers in Pickering don’t need financing to pay cash for your property. These are individuals or businesses who buy cottages, condos, and homes to rent or resell at a later date.
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 are legitimate companies that provide no-obligation offers in as little as 24 hours.
It’s a good option for homeowners who find themselves needing cash quickly. Some are facing eviction due to foreclosure or power of sale. Some are swamped by repair bills or overwhelming renovation costs.
Property owners in Pickering who are facing these challenges and others are lucky enough to have a real estate environment where prices are increasing quickly.
Pickering Real Estate Trends
Pickering is located in the Durham Region just east of downtown Toronto. The city is home to the Pickering Nuclear Generating Station. The cost of living in Pickering is more reasonable than in Toronto even though it is only 30 minutes away.
The town is developing its downtown core with further plans for condominium developments around the Pickering town centre and Pickering GO station.
The latest real estate numbers for March 2022 are encouraging. There’s an average house price of $1,363,276 and 247 brand new listings in the last 28 days. People looking to list their homes in the area can be further encouraged by Zolo.ca data that states the median number of days on the market for a home is seven.
The Pickering real estate market is robust. If you are thinking about listing a property there, all the indications are positive. Maximizing the amount of money that you can make in a short period of time on the sale of a house, condo or cottage means working with a company that advertises stating “We Buy Homes For Cash.”
Of course, there are some reasons why property owners are looking for this type of quick cash deal.
Reasons to Sell Quickly To A Cash Home Buyer in Pickering
People looking to sell their homes quickly in Pickering are facing a number of different circumstances.
- Some are about to be evicted at the end of foreclosure or power of sale proceedings. With the first legal process, the lender takes title to the property. With the power of sale, the lending institution has the right to sell the property. In both circumstances, a homeowner can be evicted.
- Some property owners see a fast cash sale as the only way to pay off otherwise overwhelming repair bills. Here’s an example. According to HowStuffWorks.com, a website that illustrates and explains common topics, although repairing broken sewage or water line only costs between 1000 and $2000, the underground flood that results could wind up adding thousands to the bill.
- Some cottages and houses are in locations that don’t attract a lot of buyers. You’ll get quicker results listing in a big metropolis as opposed to a village or suburb.
Remember, a cash home buyer in Pickering will purchase a house, condo, or cottage in AS IS condition. Got a leaky basement? Drafty outdated windows or a roof that needs replacing? A cash buyer will purchase the property without any need for repairs or upgrades.
What makes this method even more attractive is the simplicity of the process.
Cash Buying Process For Pickering
Not only is this process straightforward, but there are no commissions or hidden fees. Here’s how the cash buying method in Pickering works.
- The buyer will come to the property to inspect it. These usually take one hour or two. Pictures get taken of all the rooms—the basement, kitchen(s), bathroom(s), and outdoor areas including the roof.
- An offer is usually presented 24 hours later. It will be around market value and include any special conditions or terms the seller might want. For example, the garage can be left open to store any household contents for a specific period of time.
- The final sale terms are much more flexible than with a traditional closing. With the cash home buyer in Pickering option, the closing date can be quick or several months after the signing date.
There’s another option available for former property owners that would like to continue living in the house or condo.
The Sell and Rent Back Option
Cash buyers in Pickering also offer a unique allowance called the “sell and rent back,” option. This is a good route for former homeowners who need quick cash but don’t have a new address to move into after they sell their property.
There is a contract involved including a lease term that generally lasts a few months while the former homeowner is looking for a new location. It works well as a bridge in some circumstances from one address to another. This choice works for people that have good equity and plan to find another residence.
Finally, finding a good cash home buyer in Pickering is easier with a few helpful tips on how to look.
How To Contact A Cash Home Buyer in Pickering
Finding a reliable company to work with doesn’t need to be a problem. Here’s what you should do to make sure that you make the best choice for you and your family.
- Make sure they lay their process out in a clear and easy-to-understand way. That includes verifying that they have the money on hand to close the deal.
- Check their website to make sure there are no commissions or hidden fees.
- Make sure that they have good reviews across the internet.
- Look for contact information that includes an email address and telephone number.
Mortgage Broker Store is a cash home buyer in Pickering. Our services are friendly and quick and we are always ready to offer free advice.
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.
Get in touch with us today to learn more about your different options. Email email@example.com or call 416-499-2122.