In our latest article, we present a few things that many homeowners don’t know about selling homes in Montreal. Know what to expect before you advertise with a Montreal real estate agent! The process may not be as you imagine it!
Want to sell your Montreal home? If you’re thinking of advertising your home for sale on the market, it’s imperative that you know what you’re getting into. For many home sellers, announcing a first property for sale represents a tough reality check. The house may not be worth as much as you think. There may not be tons of potential buyers, and you may have to make several expenditures before you even advertise.
You may have more than one round of work to do
Most homeowners who advertise a home for sale with a Montreal real estate agent must first do some renovations. These renovations can end up costing a lot of money, making owners even more eager to sell. However, when potential buyers arrive, they will certainly want to have the house inspected and appraised. Their offer could be conditional. If the estimate isn’t high enough, or if there’s more work to be done than expected, they can let it go. If work needs to be done, the buyer will probably ask you to take care of it, or at least to give him a better price. In short, you may have to pay to renovate before you advertise, and then pay again once you’ve found a buyer and the inspection has been completed.
Your promotional costs may not be included
If you’re dealing with a Montreal real estate agent, you’ll need to know what’s included in the contract. Some agents simply announce and wait. Others offer a full service and make the most of it. If you decide to advertise your Montreal home for sale, look for a top-quality agent or plan to handle the promotion yourself. Professional photography, home staging, signage, visibility packages and open days are not always included in the contract. As a result, many owners end up paying out-of-pocket to sell within a reasonable timeframe.
The time required to sell can vary
Even if your neighbor sold within a week, that doesn’t mean you can either. When you advertise a house for sale on the traditional Montreal real estate market, there’s no telling when you’ll sell. This may take a few days, weeks or months. Some sellers simply can’t find the right buyer and are forced to take their property off the market. Advertising a home for sale in Montreal can be frustrating, especially for homeowners who want to sell quickly. Having to live with uncertainty, hoping that a serious buyer will come along, can be difficult for the whole family. If you sell directly to the Vendre Maison Vite team, you’ll know the closing date very quickly.
You may miss a sale
Imagine you’ve waited several months to find a buyer, only to have the sale cancelled at the last minute. This kind of thing happens more often than you think because of low assessments or work to be done. In fact, the typical buyer will include certain conditions in the sales contract allowing him to withdraw if the appraiser does not find the expected amount, or if major problems are discovered by the inspector. You may be able to sell anyway if you lower your price, but after putting so much effort into advertising your property for sale, you may not want to lose even more by selling for less.
Visits are often announced at the last minute
If someone drives by or hears about your house and wants to see it without further ado, it’s in your best interest to accept. If you advertise your Montreal home for sale with a real estate agent, you should always be prepared for unexpected visits. At any moment, you could receive a call from a potential buyer who would like to visit in 30 minutes. As a result, you’ll need to make sure the house is always in tip-top shape, and keep a low profile when visitors arrive. If this happens to you often, you could be under a lot of stress. However, the last thing you want to do when you want to sell in Montreal is turn away potential buyers!
Sell your house directly…
You may think that to sell, you have to hire an agent, advertise the house for sale and wait for a buyer to show up. However, this is not always the case. There’s more than one way to sell a home in Montreal. A direct sale is the best option for many Montreal homeowners when they want to sell. Once promotional costs, carrying costs and commissions have been taken into account, we often find that dealing with a direct buyer is the most profitable option. If you take this route, you won’t have to worry about costs, visits or waiting.
