There are many reasons why it’s a good idea not to work with an agent when selling your home in Montreal. By reading this article you will find out whether you should advertise your home on the market or sell it directly to a buyer! Sellers have several options when it comes to selling their Montreal home. For some owners, a sale on the traditional market works well. For others, however, the process can be expensive and time-consuming. First and foremost, you need to assess your property and the real estate market transparently. In some cases, avoiding working with a real estate agent can be very profitable! Here are just a few of the reasons why you might benefit from dealing directly with a buyer!
Save money
Advertising a home on the Montreal market can cost a fortune. If you add up all the costs, you may realize that it’s simply not worth it to advertise your home with a Montreal real estate agent. Below are some of the expenses you will face if you sell your Montreal home the traditional way:
- Renovations: If you’re selling your Montreal home, you’ll probably need to do some renovations before and after the inspection. If you decide to renovate your property, make sure that what you spend comes back to you!
- Cleaning: Whether you clean yourself or hire a professional, preparing your home for sale will take time and money. Many owners, in addition to the usual interior cleaning, will have the exterior power-washed and carpets cleaned.
- Promotion: In some cases, sellers must pay to promote their property when dealing with a Montreal real estate agent. In the end, photo shoots, home staging, visibility packages and promotional material can be expensive.
- Ownership costs: Do you know how much it costs to own your own home? Homeowners are often surprised at how high their total monthly expenses are. The mortgage, electricity bill, maintenance, repairs, taxes, insurance and everything else you pay can quickly erode the profits you hope to make by selling the house.
- Commissions: If you work with a real estate agent in Montreal, you can expect to pay around 6% of the sale price in commissions. While this may be worthwhile in some cases, it is often more advantageous for a seller to avoid this expense.
- Closing costs: As a seller, you can expect to spend between 1% and 3% of the selling price of your Montreal property on closing costs.
If you sell your home directly to Vendre Maison Vite, you’ll be able to sell quickly, without having to pay these fees. You won’t have to pay commissions, closing costs or renovations. You can put an end to ownership costs in as little as a few days!
Avoid negotiations
With a transparent offer directly from Vendre Maison Vite, you’ll know exactly what to expect and when to expect it. You won’t have to worry about hesitant customers or renovations. Nor will you have to sell your property at a discount to attract buyers. Most of the time, the potential buyer will want to negotiate the sale price once the inspection and appraisal have been completed. You can avoid all this by opting for direct sales.
Keeping strangers at bay
If you advertise your home for sale on the traditional market, people will want to come and see it. We know many sellers who have tried to sell their Montreal home on the regular market, without success. One of the things most sellers don’t like is having to welcome strangers into their home frequently. Keeping the house in order and being ready to leave at any moment to give visitors free rein can become a very heavy burden to bear, especially if you have a large family.
Sell quickly
Selling your home fast in Montreal can have a big impact on the profits you make. The costs of owning and maintaining your property can escalate much faster than you think. Before advertising your home for sale, calculate how much it will cost you to own it. From electricity bills to municipal taxes and regular maintenance costs, add up all your expenses and see how much they add up to. In addition to what you can calculate, there are always some repairs to be made and other unforeseen costs. Add these costs to your mortgage payment (if you have one) and the total could be thousands of dollars a month. If your property is advertised for sale for a long time, you’ll see these amounts add up. Avoiding working with a Montreal agent can benefit you in several ways. Contact one of our team members to find out if selling your Montreal home directly is the best option for you!
