The housing market around the world is booming and Richmond Hill is no exception. Comparing housing prices now to last year, Richmond Hill’s housing market has leaped a staggering 30%. The average price of a detached home is now $2 Million. Turns out the big price tags aren’t deterring people. The turnover rate is sitting nicely at 82.9% in just 28 days.
Many property owners are choosing to make the most of these unprecedented times by selling their homes and banking away the equity they have grown. The thing to remember about unprecedented times is that they’re unprecedented. We have no idea what to expect of the market in the coming months. If you want to follow suit and take advantage of the high housing prices, you may want to sell your home fast. You may even want to consider the much quicker route of selling your home for cash.
What has contributed to the growing housing market in Richmond Hill?
The pandemic has played a major role in what’s happening with real estate. The ability for many to work from home has stirred up housing in a number of ways. Some people are moving to have more room for a home office. Others are living out their dream and moving where they really want to live, instead of sticking close to work for a short commute. There are some who are moving to avoid the greater health risks from pollution or COVID in the big cities like Toronto and Hamilton. Even just one of these reasons would cause a spike in real estate, all of them combined amplifies the whole market exponentially.
Why would someone want to sell their home fast?
The pandemic is an unusual situation that has caused a lot of movement in the housing industry. There are some other reasons someone would want to sell their home fast that tend to be more common. For example, someone on the verge of foreclosure, a couple going through a rough divorce, or someone that just inherited a house they can’t afford to maintain for long. All these scenarios aren’t just about selling a home, it’s about trying to get through a difficult situation as quickly as possible.
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.
Often, cottage owners, when they decide to sell their cottage, want to do so as fast as possible to minimize the time and work involved. When you live in Markham, it can be incredibly time consuming and annoying to try to sell your cottage in the Kawartha Lakes if you have to go back and forth between the two properties over a period of months. With a cash home buyer your cottage or second home can get sold in a manner of days.
The Best Things to do to Sell Your Home Fast in Richmond Hill
There are some key things you can do to have the best chance at selling your property quickly. First, don’t cut corners on pictures. Often, a buyer’s first impression of a home comes from the pictures they see included with the listing. It’s important that the pictures highlight the best characteristics of the home in the most appealing way possible. When it comes to the listing itself the more details you add the better. Who knows what detail will pique a buyer’s interest.
Take time to consider any updates you can do to the home. Just remember to be smart about the updates you do. A fresh coat of paint is probably a smart choice, a new hot tub, may not be the best investment. Keeping the place clean and uncluttered for showings is a must. You may also want to consider hiring an expert stager to make the house look as good as it can. For a really fast and hassle-free sale though, your best option is an all-cash offer.
The Difference Between Using a Realtor and Finding a Cash Buyer
The tried and true method of hiring a realtor to sell your condo works. You get the benefit of someone who will help with showings, navigate paperwork, and be an advocate for you and your home. The main downfall to this route is time. This traditional process takes a lot of time to get through and that doesn’t work for someone that doesn’t have time on their side.
While fielding an all-cash offer may take a little extra leg work on your part to find a buyer, it has many benefits that make it a worthwhile option. Speed is the biggest perk. Many all-cash offers can be done in just 48 hours. With no real estate agent, there are fewer people to coordinate between and no commissions to pay. While a realtor’s commission may seem small at 5%, that’s a large chunk of money when it comes to a big-ticket item such as a house. Also, most cash offers are done as-is so you don’t have to worry about expensive and time-consuming renovations.
Finding a Legitimate Cash Buyer for Your Home in Richmond Hill
Cash buyers can be found at real estate auctions, listing on Facebook, Kijiji, Craigslist, and most importantly the Multiple Listings Service (MLS). A simple “For sale” sign on the front lawn will also work. For a really quick sale, you may want to go with a company like Mortgage Broker Store that specializes in buying homes for cash.
A quick Google search of “Sell my home in Elgin Mills for fast cash” will bring up a list of companies. To help vet these companies, ask how long they’ve been in the industry and why they plan to buy the home. Look for a company that has a reliable point of contact and that replies back to you quickly. Finally, any legitimate company will walk you through the entire cash offer process and patiently answer any questions or concerns you may have.
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 want to sell your home or condo fast and would like more guidance and information our team at Mortgage Broker Store can help. We will outline the entire process and give you all the information you need to sell your home fast in Richmond Hill. Get started today by calling us at 416-499-2122 or fill out the form on your website.
- What has contributed to the growing housing market in Richmond Hill?
- Why would someone want to sell their home fast?
- The Best Things to do to Sell Your Home Fast in Richmond Hill
- The Difference Between Using a Realtor and Finding a Cash Buyer
- Finding a Legitimate Cash Buyer for Your Home in Richmond Hill