Canadian Real Estate in Trinity-Bellwoods

Are you thinking about selling your home in Trinity-Bellwoods? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.

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The most important PRO for selling your home yourself inĀ Trinity-Bellwoods is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.

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Investing some time and energy into making minor repairs to your home can make a big difference when it comes time to selling your home. Since most buyers stretch their budget to get the home they want, the last thing they want to do is incur a cash outlay to make repairs. Fortunately, for the home seller, most repairs and minor improvements are not costly. For example, applying a fresh coat of paint to rooms can have a dramatic effect.

Outside Repairs

Increasing your home's curb appeal will boost the value and will help it to sell. A buyer's first impression is invaluable. Curb appeal includes your home's siding, roof, front door, gutters and landscaping. If the trim is peeling, apply a new coat of paint. If your home is an unusual color, paint it a more conventional color. Cover bare patches in the lawn with sod and keep it well-manicured. Repair walkways, steps and porches.

Warranties and Disclosures

Purchasing a home warranty from a warranty company in your state will provide buyers with peace of mind. If you have made any significant repairs, replacements or improvements to the home within the past five years, show the bills to the home buyer to prove it. Point out any improvements that produced energy cost savings.

Home buyers love houses that don't require major repairs. Making repairs and minor home improvements to the inside and outside of the home will help you sell your home efficiently.

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Realty Vs Real Estate Vs Real Property

I'm sure you've seen these advertisements on bandit signs by the highway, or in the real estate section of the newspaper. Perhaps you've wondered if they are realistic - or are they just a scam?

Well, the truth is that the better ones are genuine. They are placed by private investors who have immediate access to funds and can afford to close on your property quickly. They will often cover the closing costs, and will certainly arrange all of the paperwork. Sounds too good to be true? Well, it isn't, but there is a snag - I bet you guessed that!

If someone is prepared to buy your house, for all cash, and close in 7 days, they are not going to pay retail market value. That's a fact - they can't afford to. These people are not philanthropists - they do this to make a profit (although the reputable ones also like to think they are helping people in distress). So, somewhere below the retail market value is what you can expect to see on their offer. How much below market value? It depends on the condition of the property, its location, and a number of other factors, but it could be around 70% of the retail price.

Of course, you can try to sell the property yourself, saving the cost of an agent, but market statistics show that over 80% of FSBOs (For Sale By Owner) end up using an agent anyway, and those that do sell the house themselves, achieve a lower price than the agent would have done. This is partly because the buyers know that the seller is saving agency commissions and discount that from the offer price.

When a private investor talks about buying your house in 7 days, this is just one of the ways in which they can do it. But as you can see, although at first glance the offer may not seem to be very generous, once you take into account the variables we have discussed, it can start to look like a good deal.

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