Muskoka often ranks high in the best places to move to in Canada with its stunning scenery and gorgeous landscapes. The real estate market stats reflect the appeal that the region has for many.
The average price for residential properties, non-waterfront, in October 2021 was $629,012, which is 31% higher than October 2020. The median price for sold waterfront properties, on the other hand, was $850,000 in October 2021, which is almost 20% higher than October of last year. Despite the increase in home values, the number of sold listings decreased in 2021 by about 26.6% for non-waterfront properties.
These numbers show us that house prices went up but the number of sales went down. Homeowners who wish to sell their homes fast in Muskoka can act quickly to take advantage of this trend and get more money for their homes than in recent years. There are many reasons why Muskoka is an appealing place to move to and it’s a popular residential and vacation destination.
Need to Discuss Your Sale?
The traditional mortgage or home selling process is not a good fit for everyone, and can feel overwhelming. You can contact us for a no cost consultation, and we can outline your options.
Muskoka also offers its residents low property taxes in towns like Bracebridge and Gravenhurst since many of the destinations in the region are considered recreational and tourist spots. This factor alone draws a lot of buyers who want to settle in Muskoka and benefit from the low property taxes.
Muskoka residents have a great place to escape the struggles of daily life. They can easily find places to hike, swim, ski, and do tons of snow-based activities, not to mention explore and camp in some of Ontario’s most beautiful forests and lakes. These are some of the factors that you can leverage to sell your house or condo fast in Muskoka.
Dos and Don’ts When Selling Your Home in Muskoka
Declutter and Clean the Place
You want to sell your house, condo, or cottage fast, but you should still take the time to have the place properly cleaned. You want your place to be appealing to potential buyers, and decluttering is essential for that to happen.
By storing away your personal belongings and getting rid of furniture that you won’t be needing, the home will look bigger, and bigger is always better for someone trying to buy a home.
Cleaning is just as important as decluttering. Just about every buyer would be put off if they walk into an open house to find dirt on the floors, filthy cabinets, stained rugs, and tainted tiles. You need to do a deep clean of every room and make sure that you’re cleaning the places where buyers would check like bedrooms. Cleaning will also make your home look brighter.
Make Necessary Repairs
No one is telling you to do a full renovation, but you need to take care of the necessary and obvious repairs that would stand out to any buyer. If you want to sell your home fast, making repairs might feel like you’re delaying the sale, but it will actually save you a lot of time in the long run.
When buyers come and see loose tiles, leaky faucets, peeled walls, broken light fixtures, and scratched-up doors, they will be less likely to buy the place or might decide to place a low offer. So, consider making those repairs and installing a few new kitchen or bathroom appliances instead of leaving the worn-out ones.
Don’t Set Unrealistic Prices
This is a common mistake that a lot of homeowners make and it often ends up killing your chances of finding a buyer. The house price needs to be reasonable for the size and location of your home.
There are online tools that compare sold house prices so you could gauge the average home price in your area. You can be certain that buyers will use the same tools and ask around before closing a deal, and if they find your price ridiculously high, they won’t even bother to make an offer.
Take Good Photos
You don’t have to hire professional photographers, but you have to be certain you’re uploading high-quality photos of your house or condo. They need to be clear and during the day so you can give viewers an idea of what to expect.
In this day and age, almost all buyers check online photos before they go view properties, so you have to upload photos that make your house look big and welcoming. You can also upload a 360-degree video of the place to preview what it would be like for the buyer to walk inside your home.
Should I Hire a Real Estate Agent?
This is the most important question you need to ask yourself. You want to sell the home as fast as possible, but is it better to go at it alone or with a realtor’s help? You might have considered if you should sell your home yourself to save the 3% to 7% commission your agent would take from the sale. While you can do it, the process will take a lot of time and effort on your part, so you should avoid trying to sell the house on your own if you can’t make the time.
The realtor will handle the necessary paperwork and invite potential buyers to see your home. They should know the market and will try to sell your house as fast as possible, but there are no guarantees that they will be able to.
So, are these your only two options if you want to sell your house or condo fast? No, you can also find cash home buyers, which are an ideal solution if you are looking for a quick sale at a fair price.
Benefits of Working With Cash Home Buyers in Muskoka
In Ontario, cash home buyers are companies or individuals that purchase properties to resell or rent them in the future. The biggest advantage to working with cash buyers in Muskoka is how quickly the sale goes through. They appraise the property and give you an offer 24 hours later at the earliest.
Once you approve of their offer, the whole deal could be closed within a few days, and you won’t have to wait for bank approvals to get paid. Dealing with a cash buyer means you won’t need a real estate agent and you’ll pay no commission, so that’s a lot of money and time saved. The process is also very flexible and you have control over the terms of the deal and when you get paid.
Cash home buyers offer homeowners a lot of great options like ‘sell and rent back,’ which allows you to sell your home and continue to live in it as a tenant, making a lot of money in the process and moving out at your own pace.
There are a few other benefits to working with cash home buyers in Muskoka.
Selling ‘As-Is’ to Cash Buyers
Cash buyers aren’t picky. They won’t demand that you fix any problems with the property or declutter before the sale. They will give you an offer regardless of the condition your house, condo or cottage is in, and they’ll take care of any necessary renovations after the sale. This option to sell your home ‘as-is’ means you won’t have to spend any time or money doing renovations or even cleaning the place.
Selling Your Cottage Fast
Smaller townships and rural communities like Lake of Bays or Georgian Bay are stunning and offer some unparalleled natural scenery. However, selling properties like cottages often presents a challenge, especially during the colder months. Cash buyers, on the other hand, will give you fast cash for selling your cottage to them and can make an offer just like they would with any other property. By working with a cash home buyer, you won’t have to wait months to find a buyer for your cottage.
Cash Home Buyers in Muskoka
Due to their myriad of benefits, cash home buyers are often considered when Muskoka homeowners want to sell their homes fast. Instead of waiting months to find a buyer and then get paid, cash home buyers simplify the home-selling process and can give you fast cash for your home within a week.
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.
If you’re interested in learning how to sell your house, condo, or cottage in Muskoka fast, call us at 416-499-2122. Mortgage Broker Store is an active cash home buyer in Muskoka and when you call or fill out our form on this website, we can find tailored solutions for your needs.