When it comes to selling a property in Montreal, you have several options. In fact, you could hire an agent, try to sell yourself or deal with a real estate investor. In this article, we’ll explore the main differences between these methods.
5 things you need to know before selling your Montreal mobile home to an investor
What is a direct sale?
As a general rule, professional mobile home buyers in Montreal, Quebec can close faster than buyers found on the traditional market, and often pay cash in one lump sum. To sell on the traditional market, most of the time you have to qualify for a mortgage with a bank, wait for it to be granted to the buyer, have the property inspected, and all this without knowing whether the buyer will actually close the sale or whether you’ll have to start from scratch. Another advantage of working with a professional investor is that, unlike your agent and your buyer’s agent, they don’t charge commissions. This could save you thousands of dollars.
The average commission rate is 3% per agent. So when you sell a mobile home for $200,000, you have to pay $12,000 in commissions! In addition to saving on commissions, dealing with a professional investor will most likely allow you to avoid transaction fees as well. If, on the other hand, your buyer asks you to pay closing costs, the amount he asks you to pay will be very small compared to what a real estate agent would have charged. What’s more, professional buyers can adapt to your needs and allow you to sell remotely by mailing you all the paperwork, if this suits you better than a face-to-face sale.
Selling without planning
Quebec mobile home buying professionals buy properties as they are. This means you won’t have to renovate before you sell, or worry about unexpected expenses that catch you halfway. Some companies don’t even ask to have buildings inspected before buying them.
Move at your own pace
Professional mobile home buyers are investors; they have no intention of moving into the properties they buy. As a result, they can give you some breathing space after signing the contract, so that you can organize your move at your own pace. This is all the more useful in the case of a direct sale, since investors can close very quickly. What’s more, your buyer may not even ask you to clean the place before leaving. So your move will simply involve transporting the furniture and objects you want to keep, and leaving everything else behind.
Selling with confidence
If you sell to a professional mobile home buyer in Montreal, Quebec, you won’t go through the roller coaster of emotions usually associated with selling a property. You won’t get a call in the middle of dinner from a potential buyer asking if you’re available to show your mobile home. You won’t have to clean up and take care of every little detail before you leave for work, just in case a visit is organized while you’re away.
You won’t come face to face with an agent or a buyer, and he won’t ask you questions you’d find difficult to answer. And you won’t have to negotiate about which furniture you can keep and which you’ll have to give up to the next occupant.
Don’t take any risks
Selling to a professional mobile home buyer is simple and transparent. Your investor will explain the next steps in detail and present you with a short, concise contract. From a legal standpoint, selling as is exposes you to far fewer risks; a traditional buyer might discover some something you neglected to tell them or that disturbs them from home
or neighborhood and cancel the sale, or even sue you.
A traditional real estate sales contract allows the buyer to take you to court if he believes he has been misinformed. Conversely, a professional real estate buyer knows exactly what condition the house is in, and accepts full responsibility for it.
