Are you contemplating selling your house? Perhaps you are looking at your various options, including how you are going to sell and who you should sell to. In this this blog post we’ll discuss the important benefits of selling to a real estate investor as opposed to a traditional buyer in Toronto…
Today there are more options than ever when trying to sell your house in Toronto. You can go the traditional route of working with a realtor who will list your home on the MLS and try to find a buyer. Another option would be going the FSBO route, which means For Sale By Owner in which you advertise the property yourself and try to find the buyer. Another alternative that is becoming increasingly popular is working with a real estate investor who will buy your house directly … and fast. Let’s take a look at the benefits of selling to an investor…
Benefits Of Selling To An Investor Over A Traditional Buyer In Toronto: Speed
When taking the traditional realtor route, there are many steps: cleaning and making the repairs necessary to list the property (as we’ll discuss further later on), waiting for your agent or another agent to find interested buyers, having dozens of people walk through your home, and then hopefully having one of those prospective buyers put in an offer that may or may not be satisfactory. On the other hand, with an investor, you can avoid that lengthy process. When you sell to a real estate investor, they can make you an offer in as little as 24 hours and close FAST – often as quickly as a week or two. Keep in mind, a quick closing means you don’t have to pay bills, mortgages and property taxes for those extra months while a realtor would be searching for a buyer and further waiting on them to close in an additional 90 days.
Benefits Of Selling To An Investor Over A Traditional Buyer In Toronto: No Repairs
Not every house is in pristine condition. Unfortunately, realtors and traditional buyers are often scared away by this, where as an investor is not deterred by needed repairs. Realtors often won’t list your property unless you make the necessary repairs, clean the entire house and essentially make it look like it should be in a showroom. This can mean expensive and timely repairs paid for out of your pocket! On the other hand, most investors buy houses in as-is condition, which means you can save money and time (and potentially headaches from working with contractors!). Leave the repairs and cleaning for the investor to take care of.
Advantages Of Selling To An Investor Over A Traditional Buyer In Toronto: No Guessing
This is possibly the most frustrating aspect of selling the traditional route, the constant guessing. How long will it take for my house to sell? What offer will I receive? How quick can the buyer close? Will the offer be conditional on the buyer qualifying for a mortgage? But when you work with an investor, they can make an offer in a matter of hours and you will often receive the closing date of your choice. You don’t have to accept their offer but at least you won’t be guessing and waiting.
Selling to an investor may not be the best choice for everyone but keep in mind there is no harm in receiving an offer and it may just be exactly what you needed!