You’re thinking about selling your house and wondering about the differences between working with realtors that buy your house and selling your house to real estate investors. In our latest post, we’ll discuss how they work, what you can expect, and how to determine which is the right selling method for you!
When people initially decide to sell a house in Toronto, their first thought may not be to find a real estate investor to work with. However, the right investor can save a property owner thousands, in addition to all the time that can potentially be saved. Working with a buyer such as the team at GTA House Buyers will allow you to avoid the traditional selling costs, save you time on the sale, and give you the peace of mind in knowing that once an offer has been accepted, you can consider the house sold. If you go with Realtors that buy your house, below are a few things you should know in Toronto.
Preparing Your Property for Realtors that buy your house
When you work with realtors that buy your house, you’ll sign-up for for their selling program where you will be required to prepare your house so that the house can look appealing for the potential buyers. The beauty of working with a direct buyer or property investor is that there is usually very little if any prep work that needs to be done before selling a Toronto home. Most buyers will purchase the property as is, saving you the time and effort of getting it ready for a sale. With a listing, it is important that the property be kept clean at all times in case of a last minute showing request from a potential buyer. You’ll want to show your home in the best light for everyone who comes to see it. By selling directly, you won’t have to worry about strangers traipsing through your house or keeping the property in showing-ready condition at all times.
Your Costs
Realtors that buy your house will start with a traditional listing. You aren’t free of the costs even after a buyer has been found. After the appraisal and inspection, you might be faced with even more repairs. One of the major perks about working with a direct buyer when selling your Toronto house, is all the cash you’ll be able to save. There aren’t usually any costs when you work with a professional investor. The house is typically purchased as-is, not requiring any repairs or maintenance be done before it is sold. There is no need to clean, stage, or even market the house which can ultimately save thousands.
When the property eventually closes, there are commissions, agent fees, and many other costs that must be paid. If you can’t sell your house during the listing period and you end up selling to a realtor, you would have had to agree to a price lower than the MLS listing price. When you choose a direct sale, commissions and agent costs go out the door. You’ll be able to keep more money in your pocket when all is said and done.
The Timeframe
When you work with a direct buyer, the amount of time saved can sometimes be shocking. It is not uncommon for houses to stay on the MLS for months at a time. Even if you sign-up with realtors that buy your house, you’ll need to wait 30 to 90 days before you can sell the house to the realtor. However, with a direct sale, the process is usually completed in only a matter of days. We make things easy and efficient so you can sell your house quickly and move on.
A fast sale helps you to avoid any more holding costs for the property. Instead of officially selling your house months down the road, selling right away saves you money on your property taxes, homeowners insurance, utility bills each month, and regular, routine maintenance.
Not All Buyers Are The Same
When discussing direct buyers and real estate investors in Toronto, it’s important to note that not all of them are the same. The points above are true for the team at GTA House Buyers, however, if you choose to work with another buyer or realtors that buy your house, make sure you find out how their process works. Some buyers may require repairs be made, that you pay for the closing costs, or that you wait to close until they have found a new buyer for your home within their network. Before selling, make sure you are asking all of the right questions so you know what to expect. When working with our company, you’ll receive a fast closing and an excellent price.
Investors Aren’t Bad Guys
We simply have a passion for real estate and make our living fixing up properties in the neighborhoods and towns we love most. It’s not about making the highest profit possible. It’s about helping local homeowners while restoring and revitalizing the Toronto area. The common misconception is that a real estate investor will only be out for themselves. However, once you get in touch with GTA House Buyers, you’ll quickly find that’s not the case with us. We love real estate and we love the Toronto area. But above all else, we love the people who live in the area, and we want to do all we can to help!