Would An Investor Buy My House In Toronto For Near Market Value?

by Uncategorized

Would An Investor Buy My House In Toronto For Near Market Value?

November 15, 2019

By Luca

Interested in selling a house in Toronto, the GTA, or anywhere in Ontario? If that’s the case, this post will help give you and idea on the question, “Will a real estate investor buy my house in Toronto for close to market value?” Read the full blogpost for a detailed answer…

When it’s time to sell your house, there’s a few alternatives:

  • You can sell the house on the market by listing with a realtor at a specified list price and wait for another realtor to bring a buyer that is willing to make an offer to buy the house.
  • You can skip the list with a realtor and wait for a buyer process and just sell directly to a buyer who can provide you an offer to purchase your house  (this is what we do here at Cash House Buyer GTA).

If you’re questioning, “Would an investor buy my house  in Toronto for close to list price?” then here’s what you should know:

The Reason Investors Invest

Investors purchases real estate with the intention to buy at a lower price and either sell the property at a higher price or rent it out. As a result, investors are interested in houses that are priced affordably for them to purchase.

Before determining your asking price, think about the benefits provided by an investor…

Understanding The Asking Price

would an investor buy my house for my asking price

Your asking price is the starting point for the negotiation. Even when listing your house on the market, using a realtor, the ask or “list” price will be merely a starting point to which the potential buyer will try to negotiate a reduced price.

However here’s what a lot of people don’t realize: the ask or “list” price has other aspects built in… for example, it assumes that you have made all repairs, have your place cleaned up and in tip top shape so it’s ready for a potential buyer. Also, keep in mind that you will be paying bills, insurance, and property taxes on your house throughout the entire time that a realtor is trying to find a buyer, which can take months. And then you’ll have to pay both your realtor and the buyer’s realtor thousands of dollars in commission.

These components are all built in to the asking or “list” price.

An Investor Skips All This

If you work with an investor, you don’t have to consider any of these things. There is no need to repair or clean your house, which means you’ll save thousands of dollars there. And an investor can give you an offer on the spot with a quick closing if you need. Meaning you won’t have to pay bills, taxes, and insurance for months while you wait for a buyer to be found, to make an offer and then wait an extra few months for them to close on the property And best of all, there were no realtors involves so you don’t have to pay any fees or commissions.

When you add it all up, you can save thousands by selling to and investor, rather than listing with a realtor.

Summary

When you work with an investor, you can sell faster and avoid tonnes of fees and expenses. An investor may not be able to pay your asking price but they can help you save thousands of dollars, lots of time and many headaches. Ultimately an investor offers convenience, certainty and a fair offer!

Do you want to sell your house fast in Toronto?

If you’re looking to sell fast, get a fair all-cash offer from us. Just click here now to fill out the form or call our office at 647-490-1334.

Get More Info On Options To Sell Your Home…

Selling a property in today’s market can be confusing. Connect with us or submit your info below and we’ll help guide you through your options.

What Do You Have To Lose? Get Started Now…

We buy houses in ANY CONDITION across Ontario. There are no commissions or fees and absolutely no obligation. Start below by giving us a bit of information about your property or call 647-490-1334…

  • Property Address* Address
  • Phone*
  • Email*

Listing vs.
Selling To Us

Which route is quicker?
Puts more cash in your pocket?
Has less hassle?

See The Difference Here

“Testimonials

“We are glad we chose Cash House Buyer GTA“

My wife and I had purchased a new home<br> and needed to sell our current house quickly. We are glad we chose Cash House Buyer GTA. We gave Sal and Luca a call and within days they came out to see our property and gave us an offer at the price we were hoping for. Best of all, we did not have to pay any realtor fees!

-Bryan M.

“A Pleasure to Work With”

Sal and Luca were professional and definitely a pleasure to work with. They were truly understanding of our situation and we were more than pleased with their great offer and the closing date of our choice. If you need to sell your home fast, I recommend Cash House Buyer GTA!

– Brad C.

“The entire process
was quick and easy”

My family and I needed to sell our home fast and in it’s current condition. Sal and Luca made that possible. The entire process was quick and easy. We were able to receive the price we wanted without having to spend time and money on renovations or a realtor. I highly recommend using Cash House Buyer GTA to sell you home!

– Christina T

Areas We Buy Houses

We Buy Houses Brampton, ON
We Buy Houses Brantford, ON
We Buy Houses Barrie, ON
We Buy Houses Burlington, ON
We Buy Houses Burlington, ON
We Buy Houses Guelph, ON
We Buy Houses Guelph, ON
We Buy Houses Mississauga, ON
We Buy Houses Oakville, ON
We Buy Houses Newmarket, ON
We Buy Houses Oshawa, ON
We Buy Houses St. Catharines
We Buy Houses York Region, ON

Get Your Fair Cash Offer: Start Below!

We buy houses in ANY CONDITION across Ontario. There are no commissions or fees and absolutely no obligation. Start below by giving us a bit of information about your property or call 647-490-1334…

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6 Seller Financing Tips For Sellers In Toronto

by Uncategorized

6 Seller Financing Tips For Sellers In Toronto

December 15, 2019

By Luca

Are you looking to sell your house using seller financing? Here’s 6 seller financing tips for selling in Toronto…

There are several ways to sell your house. You may want to list it with a realtor and see what you can get on the market. On the other hand, you could sell to a real estate investing company like us at Cash House Buyer GTA. Or you could even be the lender to the buyer and sell your house to an interested buyer while receiving payment over time.

Seller financing, which is often referred to as providing a “VTB” (Vendor Take Back Mortgage), is an under used but potentially quite beneficial strategy for selling a house. Essentially you and the buyer agree to terms in which the buyer makes regular monthly payments, like a mortgage over a set term (often 3-5 years). In this post we’ll discuss 6 seller financing tips for sellers in Toronto…

Seller Financing Tip #1: Price Is Not Everything

Price is just one aspect of the agreement you’ll work out with the buyer. Obviously you’ll need to arrive at a price that makes sense for both you and the buyer. However, keep in mind that there are other components to consider and these could be more critical to your overall benefit from the sale.

Seller Financing Tip #2: Duration

Think about the term of the “loan”. You are essentially providing the buyer with a loan to purchase your property. You will have to determine how long you would like to be receiving payments for. Often the largest consideration in determining this is taxes. You may be retiring in 4 years and would like to receive the balance of the purchase price once you retired. In this case a 5 year term could be optimal. The buyer will make monthly “mortgage” payments to you for 5 years and the remainder at the end of that term.

Seller Financing Tip #3: Terms of the Agreement

Sellers using this strategy often overlook the terms while they are focused solely on the price. The terms could include things such as how much downpayment the buyer is providing upon purchasing the property, an early repayment charge, a missed payment fee and of course the most important, what interest rate you are charging the buyer.

Seller Financing Tip #4: Mitigate Risk

Regardless of who the buyer is and how trustworthy you believe them to be, this is a long term relationship and things could go wrong. As a result be sure to protect your interests and reduce risk. You will definitely want to have adequate insurance and the same goes for the buyer. You may also consider adding a clause in which you retain ownership of the property until the house is fully paid.

Seller Financing Tip #5: Build Contingencies

What if the buyer no longer wants the house, or can longer pay, or wants to pay early, or wants to use the house in a different way than expected? Or what if your circumstances change and you no longer want to sell or you need to sell even faster? This is why a great deal of planning is required and contingencies should be in place. Of course you can’t predict the future and having an exhaustive list of what could happen is no possible. What you can do is consider the most likely challenges or circumstances that may arise and how this will be handles. You and the buyer should agree on these contingencies and ensure the proper protocol is referenced in the agreement.

Seller Financing Tip #6: Get A Lawyer

Whether you are a real estate expert or using Seller financing to sell your house for the first time, you always want to work closely with a lawyer and seek their guidance around writing up an air tight contract and ensuring everything that is required is being considered.

Are you thinking about selling your house?

If you’re considering selling your house an assessing your option, we can provide a fair cash offer and the closing date of your choice. We purchase house in any condition and best of all there are no fees or commissions when you sell to us. You can avoid the time and energy spent selling on the market and sell your house fast. Give us a call at 647-490-1334 or click here now and fill out the form and we’ll give you a fair all-cash offer on your house.

Get More Info On Options To Sell Your Home…

Selling a property in today’s market can be confusing. Connect with us or submit your info below and we’ll help guide you through your options.

What Do You Have To Lose? Get Started Now…

We buy houses in ANY CONDITION across Ontario. There are no commissions or fees and absolutely no obligation. Start below by giving us a bit of information about your property or call 647-490-1334…

  • Property Address* Address
  • Phone*
  • Email*

6 Seller Financing Tips For Sellers In Toronto

December 15, 2019

By Luca

Are you looking to sell your house using seller financing? Here’s 6 seller financing tips for selling in Toronto…

There are several ways to sell your house. You may want to list it with a realtor and see what you can get on the market. On the other hand, you could sell to a real estate investing company like us at Cash House Buyer GTA. Or you could even be the lender to the buyer and sell your house to an interested buyer while receiving payment over time.

Seller financing, which is often referred to as providing a “VTB” (Vendor Take Back Mortgage), is an under used but potentially quite beneficial strategy for selling a house. Essentially you and the buyer agree to terms in which the buyer makes regular monthly payments, like a mortgage over a set term (often 3-5 years). In this post we’ll discuss 6 seller financing tips for sellers in Toronto…

Seller Financing Tip #1: Price Is Not Everything

Price is just one aspect of the agreement you’ll work out with the buyer. Obviously you’ll need to arrive at a price that makes sense for both you and the buyer. However, keep in mind that there are other components to consider and these could be more critical to your overall benefit from the sale.

Seller Financing Tip #2: Duration

Think about the term of the “loan”. You are essentially providing the buyer with a loan to purchase your property. You will have to determine how long you would like to be receiving payments for. Often the largest consideration in determining this is taxes. You may be retiring in 4 years and would like to receive the balance of the purchase price once you retired. In this case a 5 year term could be optimal. The buyer will make monthly “mortgage” payments to you for 5 years and the remainder at the end of that term.

Seller Financing Tip #3: Terms of the Agreement

Sellers using this strategy often overlook the terms while they are focused solely on the price. The terms could include things such as how much downpayment the buyer is providing upon purchasing the property, an early repayment charge, a missed payment fee and of course the most important, what interest rate you are charging the buyer.

Seller Financing Tip #4: Mitigate Risk

Regardless of who the buyer is and how trustworthy you believe them to be, this is a long term relationship and things could go wrong. As a result be sure to protect your interests and reduce risk. You will definitely want to have adequate insurance and the same goes for the buyer. You may also consider adding a clause in which you retain ownership of the property until the house is fully paid.

Seller Financing Tip #5: Build Contingencies

What if the buyer no longer wants the house, or can longer pay, or wants to pay early, or wants to use the house in a different way than expected? Or what if your circumstances change and you no longer want to sell or you need to sell even faster? This is why a great deal of planning is required and contingencies should be in place. Of course you can’t predict the future and having an exhaustive list of what could happen is no possible. What you can do is consider the most likely challenges or circumstances that may arise and how this will be handles. You and the buyer should agree on these contingencies and ensure the proper protocol is referenced in the agreement.

Seller Financing Tip #6: Get A Lawyer

Whether you are a real estate expert or using Seller financing to sell your house for the first time, you always want to work closely with a lawyer and seek their guidance around writing up an air tight contract and ensuring everything that is required is being considered.

Are you thinking about selling your house?

If you’re considering selling your house an assessing your option, we can provide a fair cash offer and the closing date of your choice. We purchase house in any condition and best of all there are no fees or commissions when you sell to us. You can avoid the time and energy spent selling on the market and sell your house fast. Give us a call at 647-490-1334 or click here now and fill out the form and we’ll give you a fair all-cash offer on your house.

Get More Info On Options To Sell Your Home…

Selling a property in today’s market can be confusing. Connect with us or submit your info below and we’ll help guide you through your options.

What Do You Have To Lose? Get Started Now…

We buy houses in ANY CONDITION across Ontario. There are no commissions or fees and absolutely no obligation. Start below by giving us a bit of information about your property or call 647-490-1334…

  • Property Address* Address
  • Phone*
  • Email*

Listing vs.
Selling To Us

Which route is quicker?
Puts more cash in your pocket?
Has less hassle?

See The Difference Here

“Testimonials

“We are glad we chose Cash House Buyer GTA“

My wife and I had purchased a new home<br> and needed to sell our current house quickly. We are glad we chose Cash House Buyer GTA. We gave Sal and Luca a call and within days they came out to see our property and gave us an offer at the price we were hoping for. Best of all, we did not have to pay any realtor fees!

-Bryan M.

“A Pleasure to Work With”

Sal and Luca were professional and definitely a pleasure to work with. They were truly understanding of our situation and we were more than pleased with their great offer and the closing date of our choice. If you need to sell your home fast, I recommend Cash House Buyer GTA!

– Brad C.

“The entire process
was quick and easy”

My family and I needed to sell our home fast and in it’s current condition. Sal and Luca made that possible. The entire process was quick and easy. We were able to receive the price we wanted without having to spend time and money on renovations or a realtor. I highly recommend using Cash House Buyer GTA to sell you home!

– Christina T

Areas We Buy Houses

We Buy Houses Brampton, ON
We Buy Houses Brantford, ON
We Buy Houses Barrie, ON
We Buy Houses Burlington, ON
We Buy Houses Burlington, ON
We Buy Houses Guelph, ON
We Buy Houses Guelph, ON
We Buy Houses Mississauga, ON
We Buy Houses Oakville, ON
We Buy Houses Newmarket, ON
We Buy Houses Oshawa, ON
We Buy Houses St. Catharines
We Buy Houses York Region, ON

Get Your Fair Cash Offer: Start Below!

We buy houses in ANY CONDITION across Ontario. There are no commissions or fees and absolutely no obligation. Start below by giving us a bit of information about your property or call 647-490-1334…

Recent Posts

We Buy Houses St. Catharines
We Buy Houses St. Catharines
We Buy Houses St. Catharines
We Buy Houses St. Catharines
We Buy Houses St. Catharines