You’ve decided to sell but can’t decide how to go about it: should you hire an agent to sell your Montreal or Quebec City home or not? Are you ready to pay high commissions? How long are you prepared to wait before receiving your first offer? How long do you think it will take to close the sale? What renovations will you need to take care of before and during the sale? How does your property look when you leave for work each morning? Will you be available to show your home even if you receive less than 24 hours’ notice?
Visits
If you choose to sell your home directly to a real estate professional in Montreal, Quebec, you’ll avoid the roller-coaster of emotions that usually come with selling a home. You won’t have to answer those pesky calls in the middle of dinner from people who want to come and visit. You won’t have to clean up after everyone every morning before leaving for work. Nor will you have to worry about running into an agent or buyer, or trying to find answers to questions you simply shouldn’t have to answer. What’s more, you won’t have to fight to keep everything you value, including furniture and appliances.
Fees and commissions
Real estate agents pay their salaries with a certain percentage of the sale price. If you don’t deal with them, you don’t have to pay commission to either your agent or your buyer’s agent. We’re talking thousands of dollars saved! Commission fees are usually around 3% per agent. So, if you sell your home with an agent for $400,000, you’ll have to pay $24,000 in commission fees, plus closing costs and other costs charged by your agents. Normally, a real estate investor doesn’t charge commissions, transaction fees or closing costs, and if he does, the costs will be very low.
Waiting time
Real estate agents advertise properties for sale on their company’s website, making them easy for potential buyers to find. At first glance, this may seem ideal, but it’s easy to forget that a property can be advertised for sale for a very long time. How quickly do you receive offers to buy? On the other hand, real estate investment professionals usually have a fairly extensive network of contacts. That way, if your property doesn’t meet their selection criteria, they can refer you to their colleagues, who will be happy to conclude a sale with you as quickly as possible. In all cases, you’ll only have to wait a very short time before receiving one or even several offers. What’s more, selling a home in Montreal, Quebec directly to a professional buyer closes faster than selling with an agent, and is paid for in cash and in one lump sum!
On the contrary, a sale on the traditional market must necessarily go through a few detours: having the property inspected and applying for a mortgage takes time, and sometimes the buyer doesn’t qualify and we have to start all over again.
Inspections and renovations
Quebec real estate professionals generally buy properties as is. This means that, as a seller, you won’t have to worry about any renovation, cleaning or home staging costs, or any unexpected expenses. Some companies actually buy as-is, without prior inspection. On the contrary, if you’re dealing with a real estate agent, your buyer’s agent will almost certainly ask to have the property inspected before proceeding with the purchase. If the inspection reveals a problem with the foundation, your buyer may ask you to arrange the renovations yourself before closing.
Organizing the sale of a house means having to think about a ton of little details and trying not to forget anything. Our team can help you determine the best course of action for your situation.
