A house is one of the most valuable assets for generating wealth if you play your cards right. A house in Oakville of all places, though, means you’ve struck gold. This southern Ontario city is one of the most populous in the province, featuring a hot housing market with some great opportunities. According to the latest MLS stats, in November 2021, the average house price in Oakville was a little over $1.5 million, a 20% increase compared to November 2020. A one-bedroom condo went for a whopping $592k on average, a significant increase to last year’s $481k.
As these numbers demonstrate, whether your property in Oakville is a small condo or a large house, you stand to make a lot of money selling it, especially compared to the same time last year. One of the factors that contributed to the increase in housing costs in Oakville has been to easing of lockdown restrictions and the economic turbulence caused by the pandemic. In 2021, with the advent of vaccinations, the economy is doing much better and people are more open to buying homes. Currently, the demand for homes in Oakville is far greater than the supply. If this is the case, why would you want to sell your home fast in Oakville?
Why You Should Consider Selling Your Home in Oakville
Get A Significant Return on Investment
Whether you own a house or a condo or even a cottage in Oakville, you stand to make a lot of money selling the place. The numbers don’t lie, and they show that the housing market in Oakville is booming and prices are going up. You’d make 20% more money if you sold your house in 2021 than you would if you’d sold it in 2020.
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.
For a small family, that extra money can be put aside for college tuition, invested, or used to pay off debts.
A Great Place to Live in
People want to live in Oakville, so you won’t have a hard time selling your property there. In 2018, Oakville was voted the best place to live in Canada. Oakville has an abundance of employment opportunities, low crime and is close to several economic hubs in Ontario like Toronto, Mississauga and Burlington. There are plenty of advantages and attractions that make people want to invest in a home in Oakville, which makes it the perfect time to sell your home fast.
Getting Another Property
With the money you get from selling your Oakville home, you could purchase another home and possibly even a lake cottage. In Sarnia, for example, the average home costs about $360,000, which is significantly cheaper than homes in other areas around Ontario. In Deep River, the average home price can be as low as about $220,000.
While Oakville is a great place to live, the living costs can be high like most cities in Ontario. Many older residents prefer to sell their homes and move to less expensive homes away from the busier cities –– areas like Sarnia or Thunder Bay, and the properties are much cheaper there, too.
If you find yourself in serious debt and in need of money, you can sell your home, condo, or cottage in Oakville fast and get out of debt. This way, you can get back on your feet and use the remaining money for a condo or smaller house elsewhere. If you are at risk of losing your home through power of sale or foreclosure, selling your home or condo fast can ensure you get the most value for your home before you lose control of your home.
This brings us to a very important question: if you want to sell your home fast in Oakville, what are your options?
Hiring a Realtor
Your first option is to hire a real estate agent to sell your home, which is the direction most people go with. From Oakville to Kerr Village, each neighbourhood or locality has realtors who specialize in selling properties in that location. They can handle the entire process on your behalf and save you the trouble of organizing open houses, listing your property online, and dealing with the paperwork. While hiring a realtor spares you from dealing with the hassle of trying to sell your home alone, they charge a commission that can average between 3% and 7% of the sale, which a lot of buyers would rather avoid.
Cash House Buyers
This is an option a lot of people are going with now. Cash house buyers are companies or individuals that can help you sell your home fast and with no need to hire a real estate agent, which means you pay no commission. Cash buyers purchase houses, condos, and cottages with the purpose of reselling or renting them, so they have significantly fewer considerations and much more flexibility when you deal with one. Here’s why a lot of people prefer dealing with cash house buyers.
Sell Your Home as Fast as Possible
Cash house buyers are the fastest way to sell your property. When you reach out to one, they can appraise the house or condo and within a day or two at the most, you’ll get their offer. The cash home buyer would only need a quick look around your place to appraise it –– after that you can send them photos and videos of the property if they would like a second look. This is a big perk to those who value their privacy.
Cash house buyers don’t need to check several other listings before going through with the sale, unlike private buyers that will almost always check a few other houses before settling on one. Since cash buyers want to resell or rent the place, they don’t need to compare it to other properties. This makes the whole deal go through at a much faster rate than if you’re dealing with a private buyer.
Sell Your Home ‘As-Is’
One of the most taxing parts of selling a home is having it inspected and checked for problems that need repairing and then hiring contractors to renovate the place. If you’re listing the property on your own, chances are, you’ll have to go through this. With cash house buyers, on the other hand, you don’t need to.
Cash home buyers will purchase the property ‘as-is’, meaning you won’t have to make any repairs or even clean the place. The buyer takes all responsibility for the condition of the property, and they give you the cash offer without requiring you to make any renovations.
Selling Waterfront Properties and Cottages Fast
Another major advantage to dealing with cash house buyers is the fact that they can purchase properties that are otherwise hard to sell like waterfront houses or cottages in rural areas. The farther you are from the city center, the less the demand for the property, which makes selling some of these cottages and houses a bit more complicated if you’re going with a private buyer or real estate agent.
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.
Cash house buyers, however, have use for these properties whether to rent or sell as vacation homes, so they will appraise and purchase them as they would with houses and condos near the city center. If you need to sell your cottage fast, a cash home buyer can help you. They will buy your cottage just as quickly as they would any other home.These are just some of the reasons why many people prefer to deal with cash house buyers when they want to sell their house or condo fast. Between the speed of the process and the flexibility you get when selling to a cash house buyer, it’s definitely an option worth considering. To learn more about cash house buyers and how you can sell your home fast in Oakville, call us at 416-499-2122. Dealing with cash buyers is all about finding reliable companies to purchase your property, and we can help you find what you’re looking for and sell your property quickly for the best possible value.