Why would I sell to a Cash or Private Home Buyer when it’s a sellers market?
We get asked this question a lot. Why would anyone sell to a cash house buyer like us when it’s a sellers market?
Although it seems like you can sell anything on the market these days and get a crazy price for it - there are many other reasons that a homeowner may want to sell to a private buyer in a sellers market.
Some houses simply CAN’T be sold on the market. If they are in really rough condition, and aren’t considered safe or liveable, chances are they won’t be able to sell on the market and a bank will not provide a mortgage on one. A house that is in such disrepair is great for a private home buyer, because they do not depend on traditional financing. They bring private capital to purchase the home, meaning they can purchase in any condition. They will fix the home up as needed to make it safe & updated.
Over the years we have purchased many hoarders homes. These homeowners want their privacy and don’t want photos of their home, address and belongings posted in the public eye. Not to mention having people walk through their homes. When we buy homes like this, we do just one walkthrough, and we are the buyers. No showings, open houses or public listings.
We are also able to help with junk removal if needed! We will often arrange for a bin delivery, that way the homeowner can get rid of anything they want - this can be especially helpful if they are overwhelmed with packing. Anything they don’t want, they can leave and we’ll take care of the rest!
Timeline often plays a huge factor in which selling route a homeowner will choose. If they are getting divorced, or moving for work, or are facing a situation and need out FAST, selling the ‘traditional’ way on the market just isn't feasible.
As a private home buyer, we do not have to wait for home inspections, bank approval, appraisals or anything else - we can close on the house within a week. We’ve bought from sellers who have moved across the province and across the country.
We also see homeowners run into this time crunch when they’ve already purchased another home. If their closing date is fast approaching on their new home and they still haven’t sold their home, selling to a private home buyer is a great way to make sure they aren’t stuck carrying two homes!
We can purchase fast and relieve that stress.
In Conclusion
We understand that selling on the market may seem like the ‘obvious’ choice, and sometimes people who aren’t in any of the above (or otherwise) situations can’t understand why someone would sell privately. However there are more and more homeowners every day who are realizing that selling on the market is not the best option for them. We understand the difficult situations and make it our mission to help find the best solution.
If you need to sell your home and you don’t think it is ready to be put on the market or a MLS, we’d love to chat with you. Call us today at 905-260-9779 or get an offer here.
