There’s more than one way to sell your Montreal home! So many people get so caught up in the idea of announcing that they don’t even think about exploring the other possibilities. Many people miss out on the chance to save money and/or time simply because they use the method they already know and don’t research the others. However, there are several ways to sell a house.
In this article, you’ll find the pros and cons of each method to help you make an informed decision that’s right for you.
The pros of direct sales:
Direct sales bring a number of benefits that are all too often overlooked. First of all, you can save a lot of time. Many direct buyers make cash offers. As a result, there’s no need to wait for the bank to agree to assign a mortgage before closing. That means you can sell in as little as a week! What’s more, a quick sale will immediately put an end to your property-related financial obligations, such as insurance, electricity bills and taxes. Secondly, not dealing with an agent means saving a lot of money on commissions, agency fees and advertising and promotion costs. Finally, direct buyers don’t need you to take care of cleaning, repairs or upgrades. A direct sale will therefore enable you to obtain an excellent sum of money, without the need to wait before receiving it. You can even start planning your future now, as you’ll learn how much you’ll receive in just a few hours.
The downside of direct sales:
The purchase price of a property is often lower than what could have been obtained on the traditional market.
The pros of selling yourself :
You’re 100% in control. You can decide what happens and when it happens. What’s more, when the sale closes, you won’t need to pay large commissions to your agent.
The cons of selling yourself :
You’re in full control of what happens, so you’ll have to do all the work! You’ll be responsible for promoting the property, dealing with potential buyers and their agents, reviewing contracts, negotiating and arranging title insurance. It’s quite a headache for someone who doesn’t really know what to do. What’s more, since it’s your home, you may not be very businesslike and may act more emotionally. Under no circumstances should you take offense when you hear a potential buyer make a comment or offer too low, nor should you overprice your home when you know it’s worth less than you’re advertising.
The pros of working with an agent :
A good agent will handle the sale for you. An excellent agent will do more than enough, even helping you move smoothly from one house to another. Your agent should also have a network of contacts and be able to refer you to the right people to help you settle in comfortably. Take advantage of the services he offers, such as having your home professionally photographed or home staged. These things justify the high commissions you pay!
The downside of working with an agent:
If you sign a contract with an agent, you’ll have to pay 100% of the commissions due. We usually talk about plus or minus 6% of the selling price. You’ll also have to pay about 2% of the sale price in closing costs. What’s more, you’ll have to pay a certain amount up front to prepare the house for the market. This preparation includes, among other things, professional cleaning, certain renovations and a household that needs constant touching up. Also, you won’t be guaranteed a sale date. You won’t know how much money you’ll receive or when you’ll close until you get to the very end of the process!
There are many ways to sell your Montreal home. Before you jump into anything, make sure you understand your options. Don’t choose one option before you’ve learned what the others can do for you!
Thinking of selling your Montreal home? We can help you make the best decision for your situation! 
