To own a house in Markham, Ontario, is to have the best of both worlds when it comes to the active lifestyle of a metropolitan and the quiet, suburban nature that people look for in smaller towns. Spread over 82 square miles, Markham is one of the most active technology hubs in Canada, with thousands of tech companies and startups. The city is also rich with quiet suburbs and parks, offering a ton of recreational activities for families and active youth alike.
Markham is just 19 miles from downtown Toronto, offering its residents a chance to enjoy a more active nightlife as well as the amenities you could only find in a big city with a quick drive. Markham also features historic locations with 19th-century architecture and a variety of museums that would appeal to history and art enthusiasts.
The fact that Markham has a very high employment rate due to its active tech market as well as a diverse landscape that would appeal to families, newlyweds, and bachelors means that the city has one of the more competitive housing markets in Canada. Markham is another city that has seen a surge in house prices and sales during the pandemic.
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Average prices increased by about 22% in mid 2021 compared to 2020, coming in at $1,320,523. Sales grew dramatically, however, the main challenge with the Markham real estate market is the housing supply, or lack thereof.
There is no telling what the housing market will look like in Markham by 2022, but if the current trends are any indicator, the demand will still be high, if not higher due to immigration, which means that if you want to sell your house fast in Markham, you will earn a pretty penny for your property. When homeowners try to sell their properties quickly, these are their main options:
Hiring a Real Estate Agent
Whether you want to sell a cottage, condo, or house, your first option is to hire a real estate agent, which is also the traditional approach to selling homes. They will handle the entire process for you and list the house, not to mention handle the necessary paperwork. Realtors work in specific areas, so you just need to find one in your city with an understanding of the housing market, and they’ll help you sell your property. So, what should you keep in mind when looking for a real estate agent?
- The first quality to look for in a realtor is experience. In most places, getting a real estate license is not very complicated, which is why hands-on experience is what really matters. You want a realtor who has worked with several sellers and sold many homes in the same area. Their proven track record means that they know what they’re doing and will help you sell your cottage or house fast.
- Always check the agent’s testimonials. How happy were their previous clients with the experience? Do some research and check what former clients have to say about this particular realtor and whether or not they are trustworthy. Hiring a real estate agent is not something to be taken lightly and you need to find one with integrity. The only way you’ll know beforehand about an agent is through client testimonials.
- A very important detail to be mindful of when it comes to real estate agents is their communication skills. Remember that this is a person that will be negotiating the sale of your condo or house, and the last thing you need is a hothead or someone who has poor communication skills and would blow the deal for you. Pay attention to how they communicate with you as well. How responsive is the realtor? Do they answer your phone calls or emails? Do they provide thorough explanations and answer all your questions? Always trust your gut feeling when it comes to real estate agents. If you get a bad feeling about one, then they’re probably not the right realtor for you.
Knowledgeable about the market as they can be, the main problem with real estate agents is that you will have to pay them a commission, which a lot of home sellers wish to avoid. Moreover, there are no guarantees that they will be able to sell your home fast. The process may still take several months until the realtor can find a willing buyer, and it may take several weeks even after finding them as they still need to get bank approval for the mortgage.
So, do you have to hire a real estate agent to sell your home? No, you don’t, there is a better option available to homeowners in Markham.
Working With Cash House Buyers
If you want to sell your house or condo fast, a cash home buyer in Markham is your best bet. Cash house buyers purchase your home and give you its price in cash. This way you don’t have to try to vet different realtors, wait for bank approvals or waste time looking for private buyers who will most likely want to view several other houses before settling on one. Working with a cash home buyer is quick, easy and it gives you fast cash for your property.
There are plenty of benefits to selling for cash buyers other than the speed of the process. For starters, you can do it yourself with no real estate agent, so you’ll pay no commission and save that money instead.
The average cash house buyer can appraise your property in an hour or two––sometimes through photos or videos without even a need for a visit––and they’ll give you an offer within 24 hours. After that, it’s a matter of a few days or a couple of weeks at the most to close the deal, which is still exponentially faster than dealing with mortgage buyers.
In some locations in Markham, it may not be so easy to find private buyers whether on your own or with the help of a real estate agent. For example, unlike Unionville that saw 244 residential sales, Berczy saw just 96 and Greensborough had 87. Finding a private buyer in these locations might prove challenging, but cash buyers can save you from that hassle. They buy residential properties to resell or rent, so they don’t really mind that the housing market in a particular village or town isn’t very active. They still have use for it.
Cash Buyers Can Buy Your Markham Home ‘As-Is’
Another very important feature about cash house buyers is they don’t care about the condition of the property. A lot of sellers struggle to make repairs and clean when they want to sell their houses or condos fast since it would make the property more presentable. With cash house buyers, you don’t need to do that. They will have the place repaired and they will do any necessary renovation and cleaning after they purchase the property.
Cottages can easily get damaged during storms or other natural catastrophes, especially during the winter. Many of these damages can be devastating to homeowners, especially if they are low on cash. Instead of leaving the cottage in disrepair, or spending lots of money to fix their second home, the homeowner can get their cottage sold fast by contacting a cash home buyer.
Find Cash Home Buyers in Markham Ontario
Probably the best thing about cash house buyers is the fact that you can easily find them. You may stumble on one in a local newspaper or magazine, but you can just look them up online in your area. Searching for terms like ‘cash home buyers in Ontario’ and ‘sell my house fast in Markham’ will provide a few that can purchase your property without any hassle––you just need to find trustworthy companies, so check out their real estate experience and read any reviews on their website.
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.
Most, if not all, house owners prefer to sell to cash buyers nowadays because it saves them a lot of time, effort, and money. If you want to learn more about how to sell your house fast in Markham, call us at 416-499-2122.