Do you need to sell an Ontario house and do you also want to stay there longer? Most people look for a local agent but there are other options, especially if you need to sell quickly but don’t have a place to move to on your closing date. In our latest post, we offer guidance to help you avoid the common inconveniences people run into when selling a house in Ontario, when you sell to companies that buy houses and rent them back to you!
For some properties and situations, selling a house in Ontario can seem stressful and expensive. When listing with a real estate agent in Ontario, you will likely need to make some repairs and prepare the house for property showings. It can be months before a buyer is found. All the while, you are continuing to pay the holding costs, living in limbo while you wait for a buyer. Once you find a buyer, the property will sit in escrow until both parties have fulfilled their respective obligations. This can add weeks to the process. When all is said and done, the seller will face closing costs, fees, and agent commissions at the closing table.
There are several common complaints homeowners have when selling their homes using an agent in Ontario.
- The property didn’t close as quickly as needed
- The property wasn’t able to sell for the amount expected
- The selling process became much more expensive than originally planned
These frustrating circumstances can be avoided when selling your house directly to GTA House Buyers. Working with our trusted team is fast, easy, and rewarding.
There are a number of great benefits you will receive with a direct sale of your Ontario home including…
Skip Making The Repairs
When you need to sell a house in Ontario, repair costs can eat away at your profits faster than you may think. Simple cosmetic repairs can turn into something larger, and your budget for making repairs can go right out the door. This doesn’t include any repairs requested by your potential buyers after their inspection has been completed.
When you choose to sell your Ontario house directly to companies that buy houses and rent them back to you, you will be able to sell as-is, avoiding costs, repairs, hassles, and the wasted time of fixing up a house you no longer wish to own. We believe that you shouldn’t have to pay to sell your house. Instead, keep more in your pocket, using it toward your next property.
Get Your Cash Now!
Companies that buy houses and rent them back to you in Ontario allow you to get your cash sooner and move out later. Maybe you want to rent long term because you love your house and you love your neighbourhood, but you have your own reasons why you want to get the equity out of your house and turn it into cash in your bank account. If the Companies that Buy Houses can make the numbers work for you to rent back long term, then they can make it happen as a long term investment. Maybe you just want to rent back for a month or two because you need money and time to find your next home. If you plan to buy next, then this can give you all the money you need to buy your next house before moving out. If you need a bit of time to find your next home to rent, then this also gives you more than enough for moving costs and first and last months rent.
Don’t Hire An Agent
Some agents are great. For some properties, hiring an agent works. However, not all properties benefit from being sold in this manner. When a property needs work or needs to be sold quickly, hiring a Ontario real estate agent can be a gamble. Many listing agreements will require you to pay an agent’s commission no matter who purchases the house. So even if you find the buyer yourself or if you have to settle for much less than you had been advised to list for, you will still have to pay the agents fees and commissions. An agent is unlikely to find you a buyer that will rent your house back to you. Agents typically find home owners as buyers and it’s typically only experienced investors who will allow you to stay and rent back after selling.
Choose Your Closing Date
When you sell your Ontario house directly to GTA House Buyers, you won’t have to deal with the headaches and hassles homeowners face when selling the traditional way. This includes being able to choose your own closing date. We can close on most properties in just a few days whereas a typical listing will take months to officially close. The ability to plan ahead, close quickly, and collect proceeds right away help homeowners enjoy a stress and cost-free way to sell.
End The Holding Costs
With a fast and fair sale to companies that buy houses and rent them back to you, you’ll be able to immediately end most of the expenses you are facing in order to own the home. Things like property taxes, mortgages, condo fees, utilities and maintenance, will all be a thing of the past. Any investor will tell you that holding a property longer than you should will only cost you more money. If your house sits on the MLS for several months, these costs could be in the thousands. Keep more in your pocket by selling your house today instead of months down the road!
Forget The Marketing
Even with the best agent helping you, there will be aspects of marketing that fall on you. You’ll need to prepare the property, ensuring it is ready for showings and photos. We’ve all seen the listings with cluttered looking photos. It’s important to take the time to clean up the house before anyone sees it. It’s also important to keep it clean, staged, and appealing to your potential buyers. If needed, you may want to purchase marketing above and beyond what your agent offers. Premium listings and the use of drone photography and staging can be beneficial when showing your property in it’s best light.
Now when you sell your house directly to GTA House Buyers and rent back your house, you won’t have to deal with any of that. There isn’t any marketing to worry about, nor will you have to do anything to prepare the property for a sale. We make the process simple so you can quickly sell your Ontario house and move on without the worry of a place to live in while you transition into your next stage.