You don’t have to break your piggy bank to sell your house. There are all kinds of ways to save money when selling a home in Montreal. We’ve rounded up our favorite techniques in this article!
You may think that selling a home in Montreal will be stressful, expensive and complicated. However, it could be otherwise. With these few savings techniques, you can save a fortune on the costs associated with selling your home. Read on to find out more!
Sell as is
Although it’s not always glamorous, selling your home in its current state can save you a fortune in repair and modernization costs. You won’t have to spend any money to prepare your property for the market. Many investors are looking for a house like yours that they can renovate themselves. These buyers are ready to act quickly, and they can help you avoid all kinds of costs: work, commissions, lost time, and other agency fees. Some buyers are also looking to buy a house to live in, and are willing to buy a house in need of renovation if it means they’ll pay less for it.
You also have the option of teaming up with a professional buyer like those at Vendre Maison Vite. Since such teams work with a large number of properties at a time, they are able to make first-rate offers and provide impeccable service. Our team is so familiar with the real estate buying process that we’ve developed a streamlined, efficient system that will help you sell fast!
Sell yourself
A home advertised as “for sale by owner”, or FSBO, can sell very well if it’s the right type of property in the right circumstances. An ad like this not only earns you money, but also gives you full control over the process from start to finish. However, this is a two-edged knife. On the one hand, you won’t have to pay commissions or other agency fees. On the other hand, you’ll still have to do all the work. You’ll be responsible for answering questions, showing the property, managing property promotion and handling paperwork. This is a particularly heavy workload, especially for those with no direct experience of the real estate market. In most cases, advertising a FSBO home involves a fair amount of risk and should be reserved for the pros.
Negotiate commissions
If you decide to hire a Montreal real estate agent to help you sell your home, ask them up front about the fees you’ll incur. Make sure you understand what’s included and what’s not. This way, you’ll avoid unpleasant surprises when the time comes to advertise your property or pay administrative fees, and it’ll be too late to change your mind. Try to negotiate to pay less commission if possible. Somewhere out there, there’s bound to be a motivated agent who’s certain to sell at a high price, and so won’t be bothered by the idea of taking a lower rate.
Offer credits
Rather than taking your time and investing your money in renovating the kitchen before you sell, you could offer your buyers a credit line that can be used for renovations. Not only will your buyers be happy to have the extra budget, but they’ll also be happy that you’re leaving the choice of design and finishing touches up to them. Don’t forget that everyone’s tastes are different and that not everyone will like the same decoration that you like. If you invest a fortune in renovations, you run the risk of turning away buyers who might otherwise have been interested. As a result, work often ends up costing more than expected. If you decide to modernize your property, you run the risk of going over budget.
Do it yourself if you can
Do you have a great camera at home? Consider taking photos of your property yourself to advertise it for sale, instead of paying a photographer a few hundred dollars. It’s even better if you have a drone that can take photos of the house from above. You could also organize an open house, put up your own billboards and manage the publication of your online ads yourself to pay less commission.
Sell quickly
Any investor will tell you: the longer you keep a house, the more it will cost down the line. Carrying costs pile up month after month. That’s several thousand dollars you’ll spend if your home remains advertised for sale for a long time before attracting a buyer. Electricity bills, insurance payments, property taxes, cleaning, maintenance, things to fix, home staging and landscaping all add up and cost more than you’d think. If you sell your home directly to Vendre Maison Vite, the selling process can be completed in just a few days. For many homeowners who want to sell in the Montreal area, selling directly to a qualified buyer is THE most profitable method.
If you’re selling a home in Montreal, there are several techniques you can use to save money. Before you advertise or spend on renovations, let us help you find the best selling method for your situation – the one that will allow you to make the most profit from the sale!
