How do I sell my house privately in Ontario?
This is a very common question, and you may have been wondering it yourself! Selling your house privately is really just a simpler (and sometimes more secure) way to sell your property than through the traditional realtor listing agent.
Why Sell My Home Privately?
When you list your home with a real estate agent, they will typically get you to sign a 6 month contract in which they will try to sell your home through the MLS database. If an offer comes in to purchase your property it can often have a list of conditions, these may include an appraisal from the buyer's lender (hopefully appraises at the price they agreed to pay), or a home inspection - both could uncover some issues and could also end a deal or cause for renegotiation. There are a number of conditions that can affect a deal and cause the buyer to drop out.
A private home buyer will take a look at your property and then give you a firm offer with no conditions, that will close on the date that is most convenient for you. Their financing is through private lenders, which means they can close as fast as you would like - or long as you need! There is no waiting for banks, approvals, appraisals or inspections.
The paperwork and legal side of a private deal is exactly the same as a traditional real estate deal. Everyone signs and then it’s sent off to the lawyer.
Selling your home privately is very simple.
It allows for the seller to determine the timing and conditions of the deal. It is a very easy process and can be much less hassle than going on the market. The majority of the properties that are sold privately are generally a little older and in need of repairs. With the soaring cost of materials needed for a renovation these days, selling as-is to a private home buyer can save so much aggravation and time. The typical construction timeline for a renovation is around 4-6 months, and most contractors today are booking 6 months out. So if you need to sell a property whether it has been inherited, you are going through a divorce, facing some financial difficulties, or need to sell quickly, selling privately will for sure be your fastest and easiest method.
In conclusion.
Selling your home to a professional, private home buyer, like us, expedites the process of selling your home . That is how you can sell your home quickly. No one wants to deal with the stress and hassle of listing your home on the MLS. Even worse, listing your home as ‘for sale by owner” and having to do everything yourself. Work with us instead. We service Ontario, the Durham Region, York Region, Simcoe County, Oshawa, Bradford and more. Click here to get in contact with us today and start the process of selling your home fast.
