Why sell to Cash House Buyer?
Sold at a firm price regardless of your market’s forecast. You receive a serious offer from an experienced buyer, unlike a realtor’s “Guaranteed Sale” program that under-prices your home while still tacking on commissions and dragging you through the same MLS process.
No Inspection Conditions
These can take up to 15 business days and give the buyer almost any “reasonable” excuse to back out of the deal.
No Financing Conditions
These can take up to 15 business days and require you to show the home to an appraiser, or appraisers, and wait patiently while the buyer determines if it can afford to purchase your home at the retail price.
No Open Houses
You eliminate the tediousness of opening your house to buyers and adjusting your schedule to meet theirs. Often, these buyers will be amateur and unable or uninterested in making a serious offer. We’ve encountered many scenarios where sellers have dozens of showings and received no offers. You’ll have one or two visits from our team, and we will work around your schedule.
No Realtor Fees
Regardless of the purchase price, you will save up to 5% + HST. When a listed property does not sell, sellers may cancel with their agent even if its price has been marked down. However, they will still owe them a “holdover” commission for as long as 365 days if the owner can sell the home after the expired or terminated listing.
No Hidden Fees
When thinking of “appraised value,” one often overlooks all the unexpected costs that cut into that figure. There are staging and marketing costs ($5000+), repair costs ($2500+), carrying costs ($1500+), and of course, pesky realtor fees. When selling to us, the purchase price is what you net and, besides paying off the mortgage(s), if there is one, will take it home in your pocket on closing day.
No Insurance Conditions
If your home has dated features, knob-and-tube wiring, asbestos, or deferred maintenance it could be subject to defects an insurance company will not underwrite. Even if the insurer will, oftentimes the buyer will be unable to afford the higher premium and have to back out of the purchase.
The property and its inclusions are purchased as-is, where-is when selling to us. You do not have to warranty anything or make any disclosures in a Seller Property Info Sheet (SPIS). Often, retail buyers will want you to address any disrepair with the property for them to go ahead with the purchase. The SPIS is very broad and can potentially hold you liable if the buyer closes and later encounters a problem with the property that you — intentionally or not — failed to disclose.
Need to sell fast? Need time to find the next home? As investors, we have no timeline to move into your home. We can close in as quickly as two weeks or as late as six months. We can time the close so that you receive the funds a day or two before needing the down payment on the next house. Whatever you prefer!
Even in a seller’s market like Ontario, it’s smart to look at your options, compare the process, and see what will actually help you best reach your goals with the sale of your house. While you may be able to get a higher “top line” sales price listing with a local Vancouver agent, that doesn’t always boil down to more money in your pocket or less headache. Dive into the details below to compare your options.
|Selling w/ An Agent||SOLD To Cash House Buyer|
|Commissions / Fees:||5-6% on average is paid by you, the seller||NONE|
|Inspection & Financing Contingency*:||Yes, up to 33% of sales fall through||NONE|
|Appraisal Needed:||Yes, the sale is often subject to appraisal||NONE – We make cash offers|
|Average Days Until Sold:||+/- 91 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||It Depends||Just Our 1-2 Visits|
|Closing Date:||30-60 +/- days after accepting buyers offer||The Date Of YOUR CHOICE|
|Who Pays For Repairs?:||Negotiated During Inspection Period||NONE – We pay for all repairs|