ALL CASH OFFER! It sounds amazing when you’re selling your home. You can envision receiving the money upon the sale of the property. However, you should stop and take some time to learn about the differences between random cash buyers off of the street, and quality professional investors. Regardless of your reasons for selling, read this before you sell your house for cash in Ontario. There are many benefits of selling directly to an investor for you to consider before making a decision.
Safer
You always want to do your background check when you sell your house for cash in Toronto. While there are dozens of reasons a property owner may wish to sell their house fast, working strictly with cash buyers may not be the glowing picture you’re envisioning. Whether due to social media flaunting or tv shows like HGTV, many of these random cash buyers have decided to jump on the flipping bandwagon wanting to earn a quick buck without any understanding of the financial commitment involved. These get rich quick buyers often end up getting cold feet, backing out of deals and learning their lesson at your expense. That’s why it is always safer to work with a cash house buyer with years of investing experience and a track record. One way to screen for this is to ask the cash buyer to see pictures of their previous projects.
Fair Price
Some of the cash buyers you encounter are just looking to make a quick turn around on their investment, and have no consideration of your needs as a home seller in Ontario. It is typical for these cash buyers to low ball you with their offer. A professional buyer will take the time to listen to you, assess your needs and tailor the details of the offer to fit your situation. They will give you their honest opinion, taking into consideration the extra costs you incur selling the traditional route, whether you should list your property with a realtor or consider a private cash offer. They care about doing what is best to suit your specific situation.
Timeline
Working with an inexperienced cash buyer could end up costing you dearly in both time lost and expenses that cannot be recovered when you sell your home. An inexperienced cash house buyer will often ask for an extension, or multiple extensions as they scramble to try to come up with the funds to purchase the property. Things will go smoothly and much quicker when you work with an experienced investor that you’ve thoroughly screened. You can rest assured that you can depend on their word, allowing you to move forward with your plans in the time frame promised. You can schedule the moving van and purchase your next property.
As-Is
Often, sellers consider working with cash buyers because their property is distressed or needs repairs. Professional and experienced cash buyers will purchase the house as-is when you sell your house for cash in Ontario. Inexperienced cash buyers rarely have the resources and construction expertise available to do such. Often, the seller finds themselves buried in the expenses and headaches of completing the very repairs which lead them to seek out the buyer initially. The profits start slowly melting away, right back into the property. As a result of the number of projects completed and a strong network in the construction industry, experienced investors understand all of this, having factored repairs into their initial offer.
If you’re considering selling your house for cash in Toronto, here at SLG Home Buyer, we can give you a fair cash offer in 48 hours. We make the process quick and easy! Send us a message or call 647-490-1334 today!