Considering selling? You may be wondering about which is the better option, a direct sale vs. hiring an agent when selling your house in Toronto. Life events can change your housing situation, at times despite your wishes. The time required until closing with each option is just as much of a consideration as the effect each has on your finances.
You’ll need to ask yourself if you are willing to make yourself and anyone else in your household invisible, while keeping your home spotless at all times? Despite how much you may wish to sell your house in Toronto, nobody enjoys the hassle of jumping into action and preparing for a showing after a long day at work. Likewise, if your buyer falls in love with your furnishings, they may consider one or several of your beloved possessions as deal-breakers. Along with the agent selling your house, you will need to deal with buyers agents, who will be the ones showing the home. It’s highly likely they’ll call to schedule the appointment during your very important family time.
If you’d like to avoid this inconvenience altogether, you may be happier with a direct sale, you won’t need to remain constantly on top of your home’s appearance or worry about staging. You also won’t have to worry about storing anything you don’t want a buyer to catch sight of and decide they’d like “tossed into the deal.”
Investing More Before Selling
Updates to make your home more attractive on the outside and inside add to the expenses of selling your house in Toronto with a real estate agent. You’ll need to be on top of any necessary repairs. If you don’t pass the inspection which is usually ordered, you could be required to spend even more on repairs in order for the property to qualify for the mortgage loan. Don’t forget, you need to concern yourself with exterior curb appeal and may be advised to cover the additional expenses of staging your interior. You may even be required to cover the costs for professional photography and advertising the property.
When working with a professional buyer, none of the concerns or costs associated with curb appeal or updates will be an issue. Major or minor repairs can be forgotten and worrying in general about your home’s appearance will fly out the window when you sell your house in Toronto through a direct sale.
Real estate agents charge commissions as well as other charges. Buyers agents nearly always order inspections.inspectors are their fee is usually your responsibility as the seller. Appraisers and those handling closings charge fees as well, all adding to the cost to sell your house in Toronto.
Making a direct sale commonly means that there are no commissions and no inspections, repairs or even the initial investments involved in updates and making the overall appearance of the property appealing.
Due to the nature of traditional listings, there is no ETA on the closing when selling your house in Toronto through a real estate agent. Additionally, depending on the buyer’s circumstances, there may be delays in the actual closing date.
An upside of selecting a direct sale for your property is that you’ll sell your house in Toronto within a short timeframe and there won’t be any delays in closing due to failed inspections or financing issues.
We’re here to assist you with any questions or concerns you may have about the choice ahead. Call I Buy Houses Toronto today or send us a message to learn more about a direct sale vs. hiring an agent when selling your house in Toronto. 647-484-3777