There are many reasons why a person may need to sell a house or condo in Hamilton. If you are one of these people that need to sell quickly, we suggest you look at the options below. We are here to help you sell your house in the easiest and fastest way possible. Our goal is to simplify the process by reducing the complicated paperwork and the amount of time required to sell your home.
What Makes Hamilton Appealing to Investors?
Hamilton and the surrounding region have experienced steady population growth over the past decade. Transportation has improved with Go Transit starting all-day service in August 2021. The Realtors Association of Hamilton and Burlington, which includes Dundas, Stoney Creek, Ancaster and Waterdown reported that house prices have increased by about 22% from September 2020 to September 2021. Hamilton is now a desired area to live in with solid demand for housing.
Every homeowner should consider the options before selling their home, condo or cottage. The most common ways to sell your house are with a real estate agent, private sale or a cash buyer. Each option has benefits and drawbacks, some faster; others are more difficult and time-consuming. The homeowner must determine if getting the highest price or selling the house fast is their priority.
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.
Selling with a Hamilton Real Estate Agent
Hiring a real estate has the benefit of having a person do most of the marketing for you. The amount of time from signing the listing agreement to the final closing date is usually many months. The house usually will need repairs, and the homeowner will need to clean the house before every open house or showing.
A real estate listing agreement states the commission to be paid to the agents; this is usually about 5% plus HST of the selling price. Based on the average selling price in Hamilton, the total real estate commission can be over $40,000.00. The real estate agent agreement is usually for 6 months, and the seller must pay the commission even if they sell to a family member. Dealing with a real estate agent is not the quickest way to sell your house, but it can be an effective yet expensive way to sell your house.
Private Sale or For Sale by Owner
A private sale or a “for sale by owner” sale is when a homeowner sells their home directly. The homeowner takes on all the functions of the listing agent, which includes listing the property, managing any open houses and dealing with the buyer agents.
A private seller will still be required to pay the buyer’s real estate agent a commission of 2.5% plus HST, or about $20,000.00 for the average house in Hamilton. Thus, a private seller saves some money but is required to do almost all of the work.
We also recommend a private seller retain a lawyer before listing the property. A private sale is also the slowest method of selling your house. This sales method is not recommended if you need to sell your property quickly.
Selling to a Hamilton Cash House Buyer with No Commission
Selling to a cash home buyer has some distinct advantages. The sale is fast, and there is no commission paid to real estate agents. This means that the seller may be able to save around $40,000 from the lack of commission fees. These buyers can also inspect the property and present an all-cash offer within 24 hours. Cash buyers do not require the homeowner to make expensive repairs.
Sell and Rent Option
The sell and rent option is perfect for people with a lot of equity in their property, limited income and want to remain in their home. Many seniors fit this profile and can stay in their home with this alternative option.
Benefits of Selling to a Cash House Buyer
Selling your house, condo or cottage to a cash buyer has several significant benefits. The primary benefit is that the sale can be processed quickly and allow the seller to meet any other urgent financial obligations.
Another benefit includes no open houses or showings at various times. There will be no real estate documents to sign or an expensive repair to pay for. While a cash buyer may not offer the highest price, the lack of real estate agent commissions can offset this downside. Selling to a cash buyer is the easiest and fastest way to sell your home.
Selling a Condominium (Condo)
If you are planning to sell a condo, COVID rules can make selling it more difficult. Every condo corporation has its own rules; please consult with your condo management before selling your property.
Selling a Cottage or Waterfront Property
Cash cottage buyers are a great alternative when selling a cottage or waterfront property. Owners are not required to make repairs to the building, and they can sell any time and receive their money within days.
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.
Pay No Commission and Save Money!
Our cash buyer can present you with a firm offer within 24 hours of inspecting your property. There is no real estate commission and the offer is “AS IS” with no conditions, call us today at 416-499-2122 to discuss your home.