The Waterloo area offers great opportunities for homeowners looking to sell their houses, condos, or cottages. The municipality has an active housing market with consistent price growth. The average property’s sale value in September 2021 was $792,599, a 24.2% increase from September 2020.
Detached homes in Waterloo sold for an average of $963,646, a 24.9% increase from last year’s numbers, while condos sold for an average of $497,949 in September 2020, a 28.6% increase from last year’s numbers. Other types of properties registered price spikes compared to last year, including townhouses and semi-detached houses.
These numbers demonstrate that property value in Waterloo is rising and homes in the region are highly desirable. This might be a great time to cash in if you want to sell your home fast in that area. Despite the increase in home prices, properties in Waterloo still remain affordable compared to other major areas in Ontario.
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.
Waterloo also offers some stunning scenery, great employment opportunities in a diverse job market, and many attractions suited for both families and young professionals. Waterloo was even called the next Silicon Valley due to its booming tech market and many rising startups.
How to Prepare Your House for Sale
The process of selling a house usually requires a lot of time and work. Before you list your property on the market, you need to prepare it for inspections, appraisals and viewings. The better looking your house is, the higher the chances of you getting a quick offer. This is why most real estate experts would recommend investing some effort and time to prepare the property and make it a bit desirable for potential buyers.
By properly preparing the place, you can also ask for a higher price, and you’ll be able to sell your house faster. Private buyers want to pay for well-maintained properties, and you need to give them just that. So, how do you go about preparing the house for sale?
Declutter and Clean
First and foremost, you shouldn’t try to list a property that is filled with junk and clutter. It’s just bad for business and you will suffer trying to market your home as a desirable property. You should also thoroughly clean the place and make sure that the environment is inviting rather than dirty and messy.
It’s always a good idea to remove as much furniture as possible, especially if it is antiquated. Removing personal belongings and getting rid of old furniture make the house or condo look larger and more appealing. The less crowded the property is, the more people will want to come and see it, and the better they will be able to imagine living there.
In this day and age, people usually look up pictures of the property online before they come to see it for themselves. This means that the place needs to look good in photos, and nothing helps with that like fresh paint. You want your listing to stand out among others so that buyers would feel encouraged to come and see it, and giving the walls a nice coat of paint will make that happen.
Needless to say, a house with a leaky roof or a flooded basement won’t do well on the market. If you’re going to list the property, on your own or with the help of a realtor, you should have your property inspected by a professional and address any necessary repairs. Focus on the obvious problems like broken windows or broken faucets.
Focus on Curb Appeal
First impressions matter, and your home’s exterior is the first impression people make about your place. This is particularly important in rural townships like North Dumfries and Wilmot where there are fewer interested buyers. Paint the front door, mow the lawn, plant some flowers, and make your house presentable on the outside, it’ll make a world of difference when you list it.
How Can I Sell My Home Fast in Waterloo?
Hire a Real Estate Agent
The traditional approach to selling a house, condo, or cottage is to hire a realtor. The real estate agent will arrange viewings, host open houses, and list the place online and in ads.
The challenge with real estate agents is you get no guarantees that your house will be sold quickly, which is a problem if you want to sell your home fast. Moreover, you will have to pay them a commission that could be as high as 7% of the total sale price, which is a lot of money to give them.
Finding a Cash Home Buyer
Cash home buyers are a great option for people who want to sell their homes fast without waiting for weeks or months. A cash buyer is a company or an individual who purchases a property to resell or rent it. This means they take significantly less time than private buyers since they don’t purchase properties to live in them.
A cash buyer will appraise the property after a quick visit, and you’ll get an offer 24 hours later, unlike private buyers who will likely want to wait until they can view several houses and choose among them. The sale itself goes through much faster since the cash buyer can pay you the sale amount in cash on a day of your choosing, so you won’t have to wait weeks to months for a bank to approve a private buyer’s mortgage.
Advantages of Dealing with Cash Buyers
Cash buyers aren’t picky when it comes to properties, especially compared to private buyers. This ensures that there is much more room for flexibility in the deal. They only need one quick look at your property and you can send them a video or a few photographs afterwards. That is all they require to give you an offer, which can never happen with private buyers.
Selling to a cash buyer gives you a few options like ‘sell and rent back,’ which means you can sell them your house and live there as a tenant. This is an ideal solution for homeowners who are not yet ready to move but are in need of some cash to settle debts or purchase a new home elsewhere.
Selling Your Property ‘As-Is’
Remember the importance of cleaning and renovating the property that we talked about earlier?
With cash buyers, you don’t have to do any of that. If you wake up one morning and decide to sell your home, you can reach out to cash buyers and they’ll give you an offer for the house in its current condition. You don’t have to renovate, paint, make any repairs, or even clean. The cash buyer will pay you in cash for your house and then do all the necessary renovations when it’s time to resell or rent.
No Need for Real Estate Agents
You don’t need to hire a real estate agent to sell to a cash home buyer. The process is fairly straightforward and you’ll be able to sell your house fast without the mountain of paperwork that comes with banks and mortgages. This also means you will pay no commission and will get to keep the entire cash sum, so you’ll save thousands of dollars.
Sell Cottages Easily
If you own a house or a lakeside cottage in a rural community like Woolwich or Wellesley, it can normally be a challenge to sell it. Listing your cottage or house through a realtor or on your own means, you can spend months waiting for a buyer. If, however, you reach out to a cash buyer, you can sell your cottage just as fast as you would an ordinary home.
Finding a Professional Cash Home Buyer in Waterloo
At the end of the day, people who want to sell their homes fast to relocate, settle debts, or for any other reason prefer cash buyers since they give you an offer within a day and the whole deal can go through within a week or two. You don’t have to waste time waiting for your realtor to hold open houses or deal with the nuisance that comes with allowing strangers into your home. The process is smoother from the get-go and you can handle it all by yourself.
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.
You just need to find a reliable company with experience and a track record purchasing properties for cash. Read testimonials about the company and learn what previous customers have to say about their experience. To find out more cash home buyers in Waterloo and how you can sell your house or condo fast in the area, call us at 416-499-2122 or fill out our form on this website and we’ll help you find a solution best suited for your unique situation.