Get Fast Cash by Selling Your Home in Vaughan’s Skyrocketing Housing Market. The average price of a home in Vaughan is now $1.4 Million, a staggering 23% higher than in November 2020. Prices have jumped so much in Vaughan they are now higher than the big city next door, Toronto. With so much equity built up in their home, it only makes sense that owners want to cash in.
Those on the fence about selling may not want to stay there too long. As the saying goes, what goes up must come down. To make the most of this opportune moment in housing market history you’ll want to sell your house fast. You may even want to consider forgoing the traditional housing market route for the much quicker route of selling to a cash buyer.
Why is the Real Estate Market in Vaughan so Hot?
The pandemic has sent the housing industry into a whirlwind. The sudden and unexpected ability to work from home spurred the industry into a frenzy. Many found themselves in need of more space to accommodate an office space at home.
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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.
Others used this opportunity to move to smaller cities so they’re out of harm’s way from the pandemic or moved where they really wanted to live instead of wherever was a reasonable commute. This mass escape from big cities is why small towns like Mono (64.7%) and King (52.7%) saw the biggest jumps in prices.
Why Should You Sell Your Home fast?
Other than getting the most money for your condo or house during these unique times we’re in, there are several other circumstances that inspire a homeowner to want to sell their property quickly. In some cases, like divorce and inheriting a home, owners don’t want the process to drag on. In other cases, like if the home is in foreclosure or the owner moving to a new city for a new job, a lengthy sale just isn’t an option.
What Can You do to Sell Your Home Fast in Vaughan?
No matter how hot a housing market is there are still certain standard practices that will help sell your condo fast. A competitive price will most certainly speed up the selling time. Pictures are usually a buyer’s first introduction to a home. That means any time and money spent on ensuring you have good photos is well worth it. Staging a property well will help you sell your house faster.
If spending money on a professional stager isn’t in the cards, at least a thorough clearout of as many belongings as possible will also help. Just don’t go too far and make the space completely sparse. A comprehensive listing on the Multiple Listing Service (MLS) will also go a long way. The best way to get a quick sale though, find a cash buyer. Some cash sales can be done in as little as 48 hours.
The Difference Between Using a Realtor & Finding Cash Buyers
Working with a realtor within the traditional real estate market is what most people think of first when it comes time to sell their home. It’s a solid method for selling your home. You get an advocate, an expert, and someone that will do a lot of the home selling leg work for you wrapped up in one. There’s nothing wrong with that method, but it’s often the path that takes the longest. When you need to sell quickly it’s good to know that there’s another method at your disposal.
Finding a cash buyer, like Mortgage Broker Store, is much quicker and easier to manage. A fast sale is only one of the perks of taking an all-cash offer. Cash deals usually mean selling the property as-is. That means no need for you to do big renovations before selling and the buyer will take on all the risks that come along with taking on a renovation. Another benefit, no real estate agent means no middle man and no commission. The 5% that would normally go to an agent stays in your pocket. Those that want to sell a cottage in a fast manner tend to find a cash sale beneficial because of how fast and hassle-free they are.
As with anything, cash offers do come with a couple of downfalls. Because cash deals are done as-is and the buyer is taking on that risk, the price you get will reflect that. The experts at the Mortgage Broker Store say most cash deals will come in at slightly lower than the market price.
Tips for Finding a Legitimate Cash Buyer in Vaughan
Here are some good questions to ask to make sure a potential cash buyer is who they say they are:
- Why are you looking to buy?
- How long have you been in the industry?
- Do they have one point of contact for you to use?
- How responsive are they?
- Are they clear on when to expect payment and are they sticking to that schedule?
One of the best indicators of a legitimate buyer though is whether they actually go see the house in person. If you come across someone wanting to buy but aren’t interested in seeing the space, be wary.
If you’re willing to put in a little time to do your due diligence, finding a cash buyer might just be the ideal option for you. Especially if you need or want to sell your cottage, condo, or home quickly.
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 a house can be stressful at the easiest of times, add the need to sell your home fast and the stress amplifies. Having an expert, like the ones here at Mortgage Broker Store, to help you can ease the stress and make the sale go smoothly. To find out more about cash home buyers and how you can sell your home in Vaughan faster than with a real estate agent, call us at 416-499-2122.