Thinking of selling your home? In this article, you’ll find out how to decide whether you should team up with a local investor, or hire a real estate agent to sell your Montreal home!
Industries change over time, and real estate is no exception. We believe that the recent changes have had a positive impact on salespeople’s lives. These days, not only do they have the opportunity to advertise a home for sale with the help of a Montreal real estate agent, they also have the chance to work with serious, professional investors who are able to close a sale directly, without going through all the detours required when a more traditional sale is concluded. Of course, as with all things, there are pros and cons to every option. By presenting more information about the different possibilities available to local sellers, the Vendre Maison Vite team hopes to help Montreal homeowners sell effectively, regardless of the condition of their property, its location or their financial situation.
Why you should work with a real estate agent in Montreal
Working with a real estate agent in Montreal could help you receive maximum value for your home. However, selling on the traditional market takes time. As the seller, you are responsible for the costs of ownership and other expenses until the day a sale is concluded. If you don’t mind investing a good sum of money up front, or waiting a few months, selling with an agent could be the best option for you!
This method is ideal for owners who want to sell at the highest price. This type of owner has no problem renovating, doing a little home staging, managing showings and not knowing when their home will sell. To sell at the highest possible price, sellers on the traditional market must pay the salary of a Montreal real estate agent. We’re talking here about 6% of the sale price to be paid in commissions, and an additional 2% in closing costs.
Why you should work with a direct buyer in Montreal
Working with a direct buyer could help you sell quickly (and even by a specific date), unlike sales on the traditional Montreal market, which never offer any guarantees. Fortunately, by selling directly to the Vendre Maison Vite team, you can close quickly, without spending any money. In fact, you won’t have to pay any commissions, additional property costs, agency fees… You won’t even pay closing costs! Of course, there’s a downside: you won’t receive as much money as if you were selling on the traditional market. However, when you factor in all the time saved, dollars saved and stress avoided, the two options are quite similar, financially speaking.
Our team is specially trained to help those who have worries about probate, taxes, legal mortgages, building codes, impending repossessions or unwanted tenants. We want to help all homeowners who are going through a difficult situation to sell simply and without any additional expense.
What the figures say
The numbers tell us that you’ll most likely receive more money if you advertise your home for sale on the traditional market. However, this method of selling involves many expenses that must be incurred before, during and after the sale. Generally, a homeowner who advertises his or her home for sale with the help of a Montreal real estate agent will be required to :
- Spend a good deal of time and money on renovations to prepare the house for the market.
- Think seriously about enlarging or modernizing the property to make it more competitive on the market.
- Defray all property costs: taxes, condo fees, home insurance, electricity bills, interior and exterior property maintenance, etc.
- Pay a supplement of approximately 6% of the sales price in commissions.
Selling directly to a Montreal investor costs absolutely nothing. You won’t have to spend money to sell. No expenses before the announcement. No costs during the sale. No charge after signing. This can make a huge difference because, rather than spending thousands of dollars on a house you no longer want, you’ll keep all that money in your pocket for projects that really matter.
It all depends on how much time you have to put in.
In addition to the many expenses involved, advertising a home for sale in Montreal with a real estate agent takes time, lots of time. You’ll need to keep the house in order in anticipation of a possible visit, which may come at the last minute. If you’re advertising your property for sale on the traditional market, you’ll need to answer both calls and questions, in addition to making yourself available to show the house yourself. Also, promoting your property takes time, and it’s absolutely necessary if you want to be sure of being seen by as many potential buyers as possible, and thus make a successful sale.
By selling your home to the Vendre Maison Vite team, on the other hand, you won’t have to waste time and energy on preparation, questioning and marketing. We can give you a quick quote. The rest is up to you. If you decide to sell and want to do so quickly, we can close the deal in just a few days. All you have to do is take with you what you want to keep, and leave everything else behind. Don’t worry: we’ll take care of all the paperwork, unwanted items, cleaning and renovations.
The last word
In reality, there’s no such thing as a perfect sales method: every method has its advantages and disadvantages. We strongly advise you to make your calculations before selling your Montreal home. This will help you find the best method for your property and your personal situation before you commit yourself. If you have any questions about sales methods, or if you’d like a hand finding realistic figures that apply to Montreal, our team will be delighted to help!
Are you still undecided? Not sure whether to team up with an investor or hire a real estate agent to sell in Montreal? 
