A cash house buyer buys a home for cash. There are no obligations or fees. They don’t list the home like a realtor. They buy it. People who need fast cash in the Durham Region generally and Whitby specifically should consider this option.
The town of Whitby is located in Durham Region just east of Ajax and west of the bigger city of Oshawa. As of 2017, the town had 135,566 residents. Current statistics point to a robust housing market. As of October 2021, there were 211 new listings in 28 days. The median days for a home on the market in Whitby is six. The average price is $1,034,762. Brooklin, Windfields and Prospect are nearby towns with the same market conditions.
One of the big reasons people favour Whitby as a destination is its proximity to Toronto. The city is also connected to other economic hubs in the region via the 407 and 401 Highways. Whitby is also considered a safe place to live in relation to surrounding towns like Oshawa. In fact, the crime rate is almost half of the national average per 100,000 people.
Advantages to Owning a Whitby Home
Whitby is located in the Greater Toronto Area (GTA) so there’s been good growth in the last few decades. For example, from 1986 to 2016, the population has almost doubled. Settlement in the area goes all the way back to the early 1800s. However the downtown business core wasn’t established until 1836 by the town’s founder, Peter Perry.
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.
The Town is Close to Lake Ontario
The town is nestled on the shores of Lake Ontario. Along with the other amenities, Port Whitby is a 420 slip facility in a natural harbor. The town also boasts parks and sports arenas like The Iroquois Park Sports Centre.
Why You Might Need To Sell A Home In Whitby Fast
Whitby is a great place to raise a family and enjoy your life. However, there are reasons why some homeowners in that community need to look at a fast sale.
Under Threat of Eviction
The pandemic has created havoc with some people’s finances. Many of them who needed to take advantage of deferrals on mortgage and credit payments to stay afloat are seeing those deferments ending. That means they are falling behind as these and other bills pile up.
Being evicted from your home is a last resort that doesn’t need to happen. You can avoid the damage to your credit report and your future plans that foreclosure brings . We even buy homes with large amounts of taxes owing and code violations.
Cannot show the property
Some places need major repairs or other extensive renovations. Mature trees look wonderful in the front yard. Until they fall on your roof and cause extensive damage. The reason that you want to sell fast but don’t want to show the home doesn’t matter. You don’t even need to declutter to use our cash home buyer services.
There’s No Need To Upgrade With A Cash Home Buyer
One of the big advantages to using this type of service is you don’t need to make any upgrades or renovations. A cash house buyer will buy your property below the market value.
There are several reasons you can lose a job unexpectedly. They include:
- Layoffs. These usually target areas of the business where efficiency can be tweaked. Layoffs are quite often made on the basis of a last to be hired first one to be laid off system. They don’t usually take into account your individual performance.
- Shutdown. Some businesses shut down completely. Unfortunately, workers can have trouble getting any wages owed to them. Many have to join the list of creditors who have to stand in line for compensation.
The specifics don’t matter when you can’t pay your mortgage. Selling your home fast in this situation can help you to avoid dire consequences like foreclosure.
You Can Save On Repairs
Ask any homeowner and they will tell you that water can be a big problem. It can find its way into your basement and weaken the entire foundation over time. Budgeting for repairs can be costly—sometimes as much as $7000 dollars.
It’s not something that you can ignore. If you leave it alone the situation gets worse and /effects resale value. Not only that, as your foundation fails your house bends and twists so doors and windows jam.
There’s No Need For A Home Repair Budget
The sewer line can also break your home repair budget. Water and sewer lines connect your house to the public sewage and water systems. If you own an older house and don’t carry the right insurance, you can crack a pipe just by digging in your yard. That could set you back as much as $4000 dollars.
Even a tree that falls on your house can be a big issue if there’s roof damage. There are a few other situations where your wallet might not be big enough to cover necessary repairs. The good news is a fast financial solution is right at hand.
The Cash House Buyer Solution
Contacting a cash house buyer is the right move in each of these scenarios and others. Here’s a few reasons why they’re the right choice when you need to sell fast.
- The condition of the property prevents it from being shown.
- The selling price agreed upon takes into account comparable homes in the area.
- There is no need to use a real estate agent and pay their commission.
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.
The Mortgage Broker Store is a cash home buyer, direct private lender and mortgage brokerage. Give us a call or get in touch with us today so we can go over the best options for you.