Yes, Local house sellers are still getting cash for houses in the Greater Toronto area even in this real estate market. Years back, selling a Toronto house for cash was quite easy and fun.
All you had to do was hang a “For Sale” tag on your front yard and wait for potential buyers to call you… and sometimes you’d get 5 above asking price offers before dinner time.
However, in today’s roller coaster market, just about everyone from homeowners to real estate investors and agents are having trouble when it comes to selling houses fast in some parts of the local market.
Throughout the Greater Toronto Area, more and more homeowners are seeking to sell their homes fast thus creating stiff competition in the market.
However, if you are trying to figure out how to you can get cash for houses in Toronto ON, then you should not lose hope, especially if you know what you can control; and there is a lot that you can control.
[See the video below of a house we bought through our Cash For Houses program.]
Here are a few tips that can help you sell your Toronto area house for cash in the shortest time possible…
Getting Cash For Houses in The Toronto ON Area
There are a few viable options when you’re selling your Toronto area house for cash in today’s market… and I’ll walk through some options here in this article. Hopefully by the time you get to the bottom of this article you’ll have a pretty darn clear picture for the options you can go after to sell your house fast without hassling with a buyer who has to get a loan from a bank… that may take weeks or months. Quite often these days sellers are facing the sad reality that buyers are getting rejected by the banks and they’re backing out of their purchase agreements in record numbers.
Do not be carried away with emotions
When you are trying to sell your Toronto house fast, you must start off by taking complete charge of your emotions. When your life and money, or both, are tied up in the house, it is quite easy to succumb to the power of emotions when selling your house. However, you need to know that you will be able to make a wise decision and get the best deal when selling your house fast if you take a logical approach to the task at hand.
Know your competition here in Toronto and your neighborhood
While trying to sell their ON houses fast, most homeowners place a “For Sale” tag in their front yards blindly without doing a prior research of the prevailing market prices. Remember, every buyer wants to get the best value for his money… but some house sellers can wait the 2-4 months to sell that it may take for a full price buyer to come along… while other sellers need to sell immediately.
So if you need to sell immediately… see what the other houses in your neighborhood that are similar to yours are listed for (or just sold for)… then look and see how long they took to sell. If you can’t wait that long… how much of a discount are you willing to give the cash buyer in order to attract them to buy your house quickly?
As such, potential buyers will be doing a thorough research in order to find the best house that suits their budget and needs. To help you out, you need to know what the other sellers are offering in order to know how to quote your house competitively.
Objectively assess your situation and property
It is important that you establish whether your house can compete effectively with what other sellers are offering. It if cannot, then find out if you can make a few repairs to make it competitive in the marketplace. If this is necessary, you need to create a budget and timeline during which you will renovate your house before putting it up for sale if you’re going to try to sell it to a “retail” buyer (someone who plans on living in the house).
However, if you do not have the finances or time to repair the house, you can still sell it fast in “as is” state. That’s actually what we do here at GTA House Buyers. We buy Toronto area houses… we pay cash… we can close quickly… and you won’t have to do any repairs at all.
Give us a call at (647) 848-7790 if you need to sell fast... we can make you a fair all-cash offer within 24 hours. No obligation or hassle at all. Take the offer, chew on it and decide if it’s right for you.
Get the pricing right
Most local Toronto area home sellers fail to sell their houses fast because they are asking for too much.
Be sure to talk with an experienced real estate agent in order to give your house the right valuation so you know what you may be able to sell it for if you list it with an agent. If you can wait the 2-4 months to sell to a full priced buyer… awesome! Price it high and see what you can get!
If you have to sell your house fast… you’ll need to price your house more attractively and be willing to negotiate on price.
There are several reasons why you may want to get cash for houses in Toronto. It could be due to a pending foreclosure, a recent divorce or death in the family, the need to downsize to save money or your house is just stressing you out. Regardless of your reasons, these simple tips can help you sell house fast at a competitive price.
We here at GTA House Buyers offer cash for houses in the Greater Toronto Area. We’re local buyers helping local home owners sell their house quickly with no hassle.
We either hold these houses ourselves as rentals or remodel and fix them up for someone else who would love to live there and enjoy the home themselves.
If your Toronto ON house qualifies, we can you make a quick and fair cash offer.
[Here’s a video of a house we bought with our Cash For Houses program.]