Homeowners in Aurora have a valuable asset at their disposal. As of May 2022, the town saw a 15% increase in average home prices compared to May 2021. This puts Aurora ahead of nearby cities like Markham, which saw a modest 11.4% increase in home prices from 2021 to 2022, while Toronto saw only a 12.9% increase in home prices. Bradford did slightly better at a 22.6% increase.
With an average sold home price of $1.3 million, these numbers show that it’s still a prime seller’s market in Aurora. However, despite the increase in home prices, only 92 homes were sold out of 243 listings between March 17 and April 14. So, homeowners that want to sell their homes fast have to play their cards right if they want to find buyers at current prices. Many are going with cash offers since they are the fastest and most convenient selling for homeowners in Aurora. Homes is towns around Aurora such as King City, Oak Ridges, Ballantree, Whitchurch-Stouffville and Schomberg are also selling fast.
Keep reading to learn:
- How to sell your home fast
- What your selling options are in Aurora, Ontario
- How to select a selling option
How to Sell Your Home Fast in Aurora
List Your Home during Summer
When it comes to selling a house, condo, or second home, there are better seasons than others to list your home if you want to sell it quickly. The best time to sell a property is in summer. Families relocating to new locations are already shopping for new homes, and they want to buy one before the start of the new school year. Moreover, people are more encouraged to get out and view homes when the weather is warm, unlike winter when it’s cold, so they’d rather stay in. During summer, you can not only sell your home fast but also get a better deal and the most value for your property.
Empty Your Home
Decluttering is key if you want your home to look bigger and more inviting. A potential buyer doesn’t want to see kids’ toys, family photos, or any other personal belongings when they’re viewing your home. Always declutter before you list your home on the market, and make sure your place is as impersonal as it can be. Empty the closets and drawers that you can and get rid of old furniture that doesn’t compliment your home.
Need Advice on Your Sale?
You may have more questions on the entire process and how much money a cash buyer may offer. You can contact our team directly and we’ll do our best to answer your questions.
When your house is empty, it’s time to clean it. Uncleanliness can be off-putting to most buyers, especially if you have major problems like mould or termites. Hire a cleaning service and ask them to clean your home thoroughly so it could be spotless when people come to view it.
Do Some Quick Repairs
If you’ve lived in your home for long enough, there are probably quite a few problems that you’ve learned to live with. Unfortunately, buyers won’t. If you want to sell your home quickly and get a good price from an ordinary buyer, you should always make a few quick repairs and take care of issues with your house or condo that would stick out during an inspection. You don’t have to invest in a complete overhaul of the place, but fix major issues like flooded basements or broken windows. And a coat of paint could also help make your home look new.
Invest in Quality Photos
Most buyers would go online and check photos of a house before they go to view it. If you take poor photos with your phone, you risk alienating buyers that would otherwise come if they found good photos that show your home in a good light. So, always invest in photography and hire a professional photographer to take excellent photos of your place so you could find buyers quickly.
Your Options When Selling Your Home in Aurora
Ordinary Buyers
If you want to find ordinary buyers, hire a real estate agent to handle the entire process for you. They will do everything from listing your home on the relevant platforms to finishing the paperwork for you. The realtor will show buyers around and take their calls. Their experience is valuable as they know the market and understand the factors that could affect a home’s price.
For example, the price of a house in the Hills of St. Andrews or Bayview Northeast is going to be different from homes in Oak Ridges or King City, so you can’t ask for the same price as these locations if your property is not in the immediate area. Pricing is one area where a realtor’s knowledge comes in handy. The downside to hiring one is their commission, which can be anything between 3% and 7%.
Cash Buyers
One of the most popular options for many homeowners is cash buyers, which can be companies or individuals that purchase companies to rent or resell them. Cash offers are ideal for homeowners who want to sell their homes fast as they take significantly less time than mortgage offers. Companies that buy houses for cash are less picky than ordinary buyers, so the sale could be closed in a week or two at the most. You also don’t need a real estate agent to deal with cash buyers, and as a result, you pay no commission and save thousands of dollars.
How to Choose A Selling Option
Selling ‘As-Is’
If you want to sell to ordinary buyers, then you’ll have to declutter and clean your home, not to mention do some repairs, as we mentioned earlier. If you want to skip this step, you can sell to cash buyers as they can purchase homes ‘as-is’ in their current condition. In other words, you don’t need to spend any time or money making repairs or even cleaning the home. The cash buyer will send someone to appraise your home, and they will send you an offer 24 hours later, regardless of the house’s condition.
Selling in Suburbs and Rural Locations
Suburban and rural locations like Aurora Highlands or Wesley Corners offer a quiet lifestyle that might not be suited for everyone. Homeowners there might struggle to sell their houses or second homes in a quick manner, unlike those who live in or near Downtown Aurora. Cash buyers offers are a viable option in this scenario. Rather than list your house on the market and wait for months to find buyers, you can reach out to one and they’ll make you a fair offer in days, even if your home is in a suburb or rural neighbourhood.
Sell Quickly with No Commission
Selling to a cash buyer is an excellent alternative in many situations, especially when the closing must be completed right away. There are no commissions to pay, no conditions on the sale of the property and no real estate agents involved. Give us a call at 647-494-5943 or email us to get your house sold today.
Homeowners are leaning toward cash buyers not just because of the seamless and fast sale process, but also because of the flexibility they offer. Cash buyers are not restrained by bureaucracy or strict criteria that dictate who they can work with. To learn more about how you can sell your home fast in Aurora, call Mortgage Broker Store at 416-499-2122 or email ron@mortgagebrokerstore.com. We buy homes for cash and can help you find what you’re looking for.