Divorce is unquestionably one of the most challenging experiences one can face. A crucial step in this journey is the distribution of shared assets. The marital home often stands out not just for its monetary value but also for its emotional significance. Unlike any other asset, the home is a repository of memories, milestones, and moments that have shaped your life together.
However, while emotions are valid and natural, ensuring they don’t cloud your judgment or hinder your decision-making is crucial. Being overwhelmed by emotions can lead to choices that may not serve your long-term interests.
If you find listing your home through traditional channels to be too emotionally taxing or logistically challenging, you can sell your home privately. This simplifies the process and alleviates some of the emotional and financial stress. It allows you to focus on rebuilding and moving forward. At SLG Home Buyer, we purchase your home ‘as is,’ meaning you won’t need to undertake repairs or go through protracted negotiations.
How The Selling Process Works
Step 1: Share Details About Your Property
This is your first step in the journey. During this phase, you provide essential details about your property. This is not just about the size or the number of rooms. It’s about understanding the overall condition, any potential issues, the location, and other factors that can influence the property’s value. The process is designed to be quick, user-friendly, and completely free. This helps us get a clear picture of your property.
Step 2: Property Evaluation & Scheduling an Appointment
Once you’ve shared the details, the company evaluates if the property fits within our investment or buying criteria. Different companies have different criteria based on their business model and strategy. If your property aligns with what we’re looking for, we will reach out to schedule a face-to-face appointment. This allows us to physically assess the property, verify the details provided, and discuss any concerns or questions you might have.
Step 3: Receiving a Fair Written Offer
After the assessment, the company will provide you with a formal written offer. This is a significant step because it’s not just a verbal agreement—it’s a documented proposition that you can review, ponder over, and even get outside opinions on. Moreover, it’s a no-obligation offer. This means you are not compelled to accept it if you feel it doesn’t meet your expectations or requirements.
Step 4: Legal Closure with Mutual Consent
If you decide to proceed with the offer, the final step involves the legalities. We will engage our legal team to ensure that all the legal aspects of the transaction are correctly handled. This provides a layer of protection and assurance for both sides. One of the advantages here is flexibility. Unlike traditional property transactions that might have fixed closing dates, in this process, you get to choose the closing date that suits you, offering more control and convenience. But if you need more time, rest easy knowing that the closing date is in your hands. It’s tailored for your convenience.
Advantages of Selling Your House Privately
You Get Paid in Cash
Cash transactions typically close faster than those requiring mortgage approval. One of the challenges of selling to buyers who need financing is the potential for the deal to collapse if they aren’t approved for a mortgage. Without the need for bank appraisals and underwriting, there is less paperwork and fewer potential complications.
Real estate agents may bring their expertise and present to a broader pool of buyers, but the simplicity, speed, and certainty of a cash house buyers offer a compelling alternative for many homeowners. This is ideal if you need the funds to relocate quickly or access money in a short timeframe.
Selling a home traditionally through a real estate agent involves various fees and expenses. Typically, the real estate commission is around 5-6% of the home’s sale price, which is split between the seller’s and buyer’s agents. Some agents might also charge separately for marketing, including professional photos, virtual tours, flyers, and advertisements. With SLG Home Buyer, there are no hidden fees. This ensures you’re spared from any unexpected costs or the stress of preparing your home for sale.
Without the need for improvements, you avoid the hassle of managing repairs, dealing with contractors, and overseeing the renovation process. Major structural issues like foundation problems, roof repairs, or outdated electrical systems can be expensive to fix. Remember that upgrades do not guarantee a higher selling price. Plus, making your home ‘show-ready’ requires professional staging, which can be an added expense.
Navigating a divorce is challenging enough without the added stress of selling your property. SLG Home Buyer is a family-operated real estate solution provider that purchases any homes in any condition across Ontario. Call us directly at 647-490-1334 to schedule a consultation.