So, you are READY to sell your home in Ontario but not so sure of the BEST way to do it for maximum profits? If you nod yes, then you are reading the right article.
Of course, if your question is: “how can I sell my house fast in Ontario?” several home-selling guides are available on the internet with credible information to help you make an informed decision. But, not many of them are objective enough to allow you to make the right choice that suits your intended purpose for selling the house in the first place.
As you might have noticed, most of those home selling posts are written by real estate agents looking to buy houses as-is, renovate them, and sell for higher profits. Or, as an alternative, they help you sell your home and get their commission. Little wonder the prominent traditional way of selling a house is to or with an agent.
However, in this post, I will reveal the three best ways to sell your home in a few days and get maximum profits. To make a difference and help you attain your home selling goals, I will present each way with its peculiar pros and cons. That way, you have a lead to count the cost and choose the best option for you.
Are you ready? Let’s make some simple analysis!
The 3 Easiest Ways To Sell Your Home for Profits
1. Sell with a Real Estate Agent
Out of the range of options available, selling with real estate agents seems to be the tried-and-true method, as most home sellers prefer to go in that direction without remorse. And that’s why I like to put it first on this list.
Of course, this option is good, and it can help you sell your house in no time. But whether it is best for you or not, consider the pros and cons.
Pros
- Professional Advice: If you are selling your house with an agent, he would tell you every necessary thing you need to do to make your home ready and attractive to buyers. Experienced agents provide professional tips for sellers from renovation to cleaning and more to maximize your house market value. Hence, by selling with an agent, you can be sure of getting higher bids.
- Market Exposure: Agents also help significantly position your house on the right platforms where interested buyers can easily find it. An agent will help list your property on the Multiple Listing Service (MLS), where you get the highest possible offer for your house.
Cons
- High Renovation Expenses: Real estate agents prefer to sell the house in the best possible condition. So, that may result in spending a considerable amount of money on renovations which may eventually harm your pocket.
- Home Inspection: While your house is on listing for sale, you might have to tolerate the constant visit of interested buyers who might be walking in and out of the house for inspection to decide whether to buy your property or not. Does that sound like an intrusion of privacy? You may be right.
- Agent Commission: One of the most heartbreaking cons of selling homes with an agent is that you wouldn’t get the actual amount your property is sold. Inevitably, agents receive at least 5% commission on home sales (and it can be more than that in some instances.) If you add that to the high renovation expenses and tax, how much profit can you get in the end?
You can also read Should I Fix Up My House Or Try To Sell It As Is?
2. List The House Yourself
You can sell your house privately in Ontario without an agent and earn profits. How? You can list your house on different home selling platforms such as Kijiji, Facebook Marketplace, etc. You take good pictures of the sellable parts of your house and post them online for interested buyers to see and order. Also, you can do an ‘Offline market’ by simply putting a ‘sale tag’ with your phone number on your house and waiting for interested buyers to call.
Pros
- No Agent Commission: One good thing about selling your house yourself is that you get to avoid agent fees that can cut down your profit significantly, and that’s a good one.
Cons
- Low market value: Since you are not working with an agent who can help you with professional advice on making your house ready for top buyers, you might have to sell as a layman, which can be a disadvantage in profit-making.
3. Sell To A Home Buying Company
Home buying companies buy properties as-is and sell them at a higher price. They are in the business of buying houses in poor conditions, renovating them, and selling them. Here are the expected pros and cons of selling to a home buying company.
Pros
- Quick Cash: Selling your house to a cash home buying company seems to be the fastest means of converting your house to cash. So, if you are in a distressed situation, whether to leave a geographical location or pay some pressing bills, you can consider this option.
- No Renovation Expenses: if your house is in poor condition, you might need to make serious renovations to make it listing-ready. That means you would be ready to spend hundreds of dollars before you could sell. In this situation, selling to a cash home buying company can be the best way to sell your house without the headache of remodeling.
Cons
- Low Market Value: Cash home buying companies are doing the business for high returns. So, they would have to buy at meager prices to maximize profits.
Check out How To Sell Your House During The COVID 19 Pandemic In Toronto
You can sell your house at an advantage if you know how to navigate the home selling process for profits. Meanwhile, any of the above-listed ways can be profitable depending on your home selling goals.
If you don’t have the time to go through the hurdles of selling the property yourself, we are here for you. We buy houses as-is in Ontario at an excellent price. With us, you can sell your house in Ontario in any condition and get good negotiation. Contact us today, and let’s do a profitable business that benefits both parties.
Do You Need An Ontario Cash House Buyer? I Can Help You…
My name is Michael Lee, and I'm a local real estate investor buying houses as is for cash. If you are in a situation where you would like to sell your house quickly, give our team a call at 1-800-610-6171, or click the button below to submit your contact information. One of our house buying specialists will call you within one business day to begin learning about your property and get an offer ready. It’s that easy - So what are you waiting for? Contact us today!