The average Canadian feels the urge to move every five years, with approximately 14% of households feeling the itch every year. Part of the relocation may involve selling your home, an exciting and sometimes overwhelming process. If you have to sell a home fast due to pending divorce, foreclosure, or work posting, you may feel an added pressure to discard your property.
When you sell a home for cash, you can take out the stress of selling from an already overwhelming situation. You may not have to pay any realtor fees, carry out repairs to make your home attractive, keep your property spotless always for open houses or adjust your schedules for buyer tours. You can simply sell a home for cash and move on.
If you are still unsure that cash home offers are the right option for you, here are three instances that you should definitely consider.
1. You Are In a Rush
Depending on the prevailing real estate market conditions, your listed property may take an average of eight to 12 weeks before closing. And it may be pegged on your house being in a decent condition, where you may not need to negotiate long for the price. If your home requires some additional upgrades, it may sit on the market for longer periods.
Besides, the traditional homebuyer often utilizes mortgages to finance the deal. Approval for mortgages can take an average of 45 days or more. You may not have the luxury to wait that long. When you sell a home for cash, you get an instant offer from the private investor after a quick walkthrough of your property. You can close in as quickly as seven days.
2. You Do Not Have Time or Cash for Repairs
Real estate agents may demand that you conduct repairs on your home to make it attractive to home buyers and up its value. You may require additional finances and time to carry out the upgrades. Sadly, you may end up carrying out renovations that may not significantly boost your property value.
When you sell a home for cash, you aren’t pressured to make any upgrades or maintenance. The home investors will purchase the property on an ‘as-is’ basis. It means that you do not have to worry about home inspections, staging, and open houses.
3. You Are Facing Foreclosure
Foreclosure can be a frustrating and overwhelming process for any homeowner. You may need to find a way to pay up the defaulted payments before your lender sells or takes over ownership of your property. With the foreclosure date fast approaching, you have the option to sell a home for cash and use the funds to honor your payments to the bank.
You can negotiate a fair valuation for your property with the cash offers for homes and avoid foreclosure altogether. You can save your credit ratings from taking a hit and perhaps have enough funds to start over.
Selling for Cash Is Right for You!
Selling without an agent is an attractive option for homeowners who wish to dispose of their property fast. If you wish to sell a home for cash in Calgary, reach out to us today. You will receive a fair, instant cash offer and get to pick a closing date of your choice.