Did you know there are multiple ways to sell your house in Ontario? Learn about your selling options in our latest post!
Many people think that selling their house requires an agent’s help. They will find an agent, sign a listing agreement and wait. While this method of selling works great for some people, for others it ends up costing much more time and money than they had expected. There are pros and cons to each method of selling. Keep reading to compare the differences for yourself! At True North House Buyer we want you to make the right decision for selling your Ontario house.
Selling Directly to A Professional Homebuyer
The Cost
Selling directly to a homebuyer should never cost you a thing. If it does, then you are dealing with the wrong company. One of the best benefits of a direct sale is all the money you will be able to keep in your pocket. Direct buyers such a True North House Buyer , will buy your house as-is. You won’t have to spend money making repairs, cleaning up, upgrading the home, paying an agent, photographer or home stager. In addition, you will dave money on the houses monthly costs such as utilities, insurance, and property taxes.
The Time
The process is typically much faster than a traditional sale. If you choose to sell to True North House Buyer , we will be able to close on the house in just a matter of days, as opposed to a traditional sale which can take months. You will know your closing date and the amount you are walking away with from the very beginning. Knowing this information will allow you to plan ahead for your move and future home purchase. With a traditional listing, you will be in limbo for an undetermined amount of time. This can be very stressful for you and your family.
The Effort
With a direct sale to True North House Buyer , there is little to no effort needed on your part. We handle all of the details and pride ourselves on providing a smooth transaction for you. You will not need to clean up the house for photos or property showings. We buy as-is, so there aren’t any repairs required. If the house is run-down and outdated, you will not need to spend any time making improvements. In fact, when you sell to us, you won’t even need to clean up. All you need to do it remove the items you wish to keep, and we will handle the rest! Selling your Ontario house doesn’t get much easier than this!
Selling With An Agent
The Cost
There can often be many expenses associated with a traditional sale. First, you will need to deep clean the house and tend to the landscaping. Many people choose to make repairs and upgrades to the house before listing as to make the property competitive with others in the other houses on the market. Rundown properties will often get passed by on the MLS. Once you hire an agent, there can possibly be administrative and listing costs. There are advertising and photography as well as the costs of continued maintenance and clean-up. If the house sells, you will be faced with agent commissions, extra negotiated repairs costs, closing costs and more. Your final sale price might be higher with a listing, however, once you run all of the expenses, you might find it isn’t worth it.
The Time
The time it will take to sell is completely unknown. This is one thing that makes a direct sale so stressful. It could take months for your house to sell. Just because you see a neighboring house sell quickly, don’t mean yours will necessarily. There are no guarantees with a traditional listing agreement.
The Effort
Selling with an agent might take a little more work than you bargained for. You will need to keep the property extra clean for the duration of the listing. This is to prepare yourself for surprise showings, listing photos and open houses. Depending on your agent, you might find yourself doing a lot of the advertising yourself. You will also need to clean up for the new owners and make any repairs negotiated after the home inspection.