If you want to sell a house or condo in Brampton fast, then you should consider a few options before selling your home. The most common ways to sell your house is with a real estate agent, private, for sale by owner, or use a cash buyer. A cash buyer can give you a fair price offer to purchase within 24 hours. A cash buyer can be a company or an individual. Our company, Mortgage Broker Store, often acts as a cash buyer for properties in Brampton.
Selling with a Real Estate Agent
Most people in Brampton sell their home or condo through a real estate agent. The real estate agent usually wants the homeowner to make repairs or stage the house before listing the property. The whole process of listing, selling and closing the sale usually takes many months which means selling with a real estate agent is not a fast process.
Listing with a real estate agent involves a substantial amount of paperwork which commits the seller to pay a commission of around 5% plus HST to the real estate agents. The real estate agent agreement is usually for 6 months and the seller is required to pay the commission even if they sell to a family member within six months. For most homeowners in major cities like Brampton and Toronto, the real estate commission will be over $50,000.00.
In general, having a real estate agent is the most expensive way to sell your property. There is also the stress of having strangers walking through your home and cleaning up after them.
Private Sale also called For Sale by Owner
Homeowners can choose to sell their home themselves which is called a private sale or a “for sale by owner” (FSBO) sale. The main difference is that the homeowner does not assume the function of the real estate agent. This means that the homeowner must research the local market to determine what other houses are selling for and choose a fair price to list the property at.
Private sellers must also determine to what degree they will clean and or repair their home. Cleaning a house is always recommended but some repairs are too expensive and do not justify the cost.
Listing and marketing the house are also very important functions. Private sellers can use a For Sale by Owner website to list their property. The homeowner will be responsible for setting up showings and appointments with real estate agents.
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 homeowner will still be required to pay the buyer’s real estate agent a commission of 2.5% plus HST. In the end, the homeowner saves some money but is required to do a tremendous amount of work.
Private or FSBO sales require the homeowner to have extensive knowledge in many areas, we always recommend private sellers retain a lawyer before listing the house. This is also the slowest method of selling your house. We do not recommend a private house sale if you need to sell quickly.
Quick Sale to a Brampton Cash House Buyer Without Commission
Selling to a cash home buyer is the easiest option for any person selling a house or condo. The sale process involves an inspection of the house to determine its value.
Sell and Rent Option
Some people choose to sell their home but also want to remain in the property, this is the sell and rent option. This alternative is perfect for people who have limited cash but a large amount of equity in the home.
Fair Purchase Offer
Our company prides itself on making a fair offer for your home. Our offer is all cash and you can choose an immediate closing or closing months later. Our terms are very flexible and we try to meet all the needs of the seller. Call us for an all-cash offer with a quick closing at a fair price.
Selling to a Cash House Buyer
There are several significant benefits when selling your house, condo or cottage to a cash buyer. The primary reason most people choose to work with a cash house buyer is that the sale can be completed quickly and the profit is sent to the seller shortly after. Another key benefit is that you pay no commission to any real estate agents since there are no real estate agents involved. That means you can save tens of thousands of dollars that would normally be paid for real estate commissions.
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 Brampton team directly and we’ll do our best to answer your questions.
There will be no open houses or showings at various times. There will be no real estate documents to sign and no pressure from any agents. Selling to a cash buyer is the easiest and fastest way to sell your home. Cash buyers also buy houses in Caledon, Bolton, Georgetown and Orangeville.
Selling a Condominium (Condo)
If you are planning to sell a condo soon, COVID rules may make having open houses and showing more difficult. Each condo has its own rules and many downtown Toronto condo buildings make each person sign in before entering the building may also require that the condo owner be present before allowing the person in. Please consult with your condo management before trying to sell your property.
Selling a Cottage or Waterfront property
Selling a cottage or a waterfront property takes much longer than a house or condo. Not many cottages sell in the wintertime since it is usually much more difficult to access the property.
Cash home buyers are an excellent alternative when selling a cottage property. Cottage owners do not need to make repairs before selling. Cash cottage buyers can quickly buy the property and the seller does not need to wait months to get their money.
Selling your Home or Condo “AS IS”
Selling “AS IS” means that the buyer agrees to purchase the property in its present condition. Cash buyers always buy houses, condos and cottages “AS IS”. Cash buyers will be responsible for all repairs to the house. The seller will not be responsible for any repairs to the house. This is one of the best options when selling a house that needs repairs.
Do I Need a Lawyer to Sell My House in Brampton?
All real estate transactions in Ontario required a lawyer to complete the sale. The cost is usually not more than a few thousand dollars.
Cash Buyer Means No Real Estate Agent, No Commission and No Conditions
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.
- Selling with a Real Estate Agent
- Private Sale also called For Sale by Owner
- Quick Sale to a Brampton Cash House Buyer Without Commission
- Selling to a Cash House Buyer
- Selling a Condominium (Condo)
- Selling a Cottage or Waterfront property
- Selling your Home or Condo “AS IS”
- Do I Need a Lawyer to Sell My House in Brampton?
- Cash Buyer Means No Real Estate Agent, No Commission and No Conditions