“What power do I have when it comes to selling my home quickly in Montreal?
As a real estate owner looking to sell a Montreal home quickly, it’s important to be aware of the power you have over the outcome of the sale…
If you’re a homeowner wondering how to sell your home fast in Montreal, this article is for you. Read on and you’ll learn about the decision-making factors that can guide you towards the most appropriate sales method for your situation.
The speed of a property sale depends mainly on the following three factors:
1. The time a seller is willing to wait before selling his property.
2. The amount of money a seller is willing to invest before selling his property.
3. The price a seller asks for his property.
Lever#1: Deadlines
First factor: How long are you prepared to wait before selling your property? Most people think first of selling on the traditional market, i.e. selling with a real estate agent. On the traditional market, a sale generally takes 3 to 6 months (and sometimes longer, depending on market conditions). If you’re not in a hurry, this is probably the best route to take.
However, not all sellers want to wait that long. We often sell when we need to move. You don’t always have the option of waiting 3 to 6 months (or more) to sell. Fortunately, if you find yourself in this situation, there’s another route you can take: you can avoid dealing with an agent by selling your home directly to a real estate buyer instead.
Lever#2: The expense budget
Many are surprised when asked how much money they are willing to spend. Indeed, many people are unaware that they must first spend a good sum of money in order to sell their home. If you sell on the traditional market, you’ll face two types of expenses: pre-sales expenses (i.e. renovations) and post-sales expenses (i.e. agent commissions). These two types of expenditure sometimes cost THOUSANDS of dollars.
Some homeowners don’t feel comfortable SPENDING all that money just to be able to SELL their home. If you’re one of those people who’d rather keep their money in their pockets, you can opt for a direct sale to a real estate buyer. At Vendre Maison Vite, we buy homes directly from sellers and pay all costs ourselves. You won’t have to pay any fees or commissions.
Optionno3: Sales price
Some real estate owners believe that the market value of their property is high, and capitalize on this belief. As a result, they choose to wait and hope that a buyer will agree to pay the asking price. In the end, when a seller comes to them, they can make an offer above, below or equal to the asking price.
However, not all property owners feel comfortable with this bet with unknown results. Some people don’t want to wait months just to see if someone will offer them the asking price. These owners say to themselves: “A bird in the hand is worth two in the bush”. They therefore prefer to deal with a real estate buyer, even if the latter makes an offer slightly below the property’s market value. This has the advantage of being the only way of immediately knowing the EXACT amount that will be received at the time of sale.
If you’re a homeowner wondering how to sell your home fast in Montreal, thinking about these 3 factors will help you make the right decision and sell at your own pace.
