Why sell to Ottawa House Buyer?
1. HOME IS SOLD
Sold at a firm price regardless of your market’s forecast. You receive a serious offer from an experienced buyer, unlike a realtor’s “Guaranteed Sale” program that underprices your home while still tacking on commissions and dragging you through the same MLS process.
2. NO INSPECTION CONDITIONS
These can take up to 15 business days and give the buyer almost any “reasonable” excuse to back out of the deal.
3. NO FINANCING CONDITIONS
These can take up to 15 business days and require you to show the home to an appraiser, or appraisers, and wait patiently while the buyer determines if it can afford to purchase your home at the retail price.
4. NO INSURANCE CONDITIONS
If your home has dated features, knob-and-tube wiring, asbestos, or deferred maintenance it could be subject to defects an insurance company will not underwrite. Even if the insurer will, oftentimes the buyer will be unable to afford the higher premium and have to back out of the purchase.
5. NO OPEN HOUSES
You eliminate the tediousness of opening your house to buyers and adjusting your schedule to meet theirs. Often, these buyers will be amateur and unable or uninterested in making a serious offer. We’ve encountered many scenarios where sellers had over100 showings and received NO offers in return. You’ll just have 1-2 visits from our team, and we work around your schedule.
6. NO REALTOR FEES
Regardless of the purchase price, you will save up to 5% + HST. When a listed property does not sell, even if its price has been marked down, sellers may cancel with their agent but will still owe him or her a “holdover” commission for as long as 365 days if the owner is able to sell the home after the expired or terminated listing.
7. NO HIDDEN FEES
When thinking of “appraised value”, one often overlooks all the unexpected costs that cut into that figure. There are staging and marketing costs ($5000+), repair costs($2500+), carrying costs ($1500+), and of course those pesky realtor fees. When selling to us, the purchase price is what you NET and, besides paying off the mortgage(s) if there is one, will take home in your pocket on closing day.
8. NO REPAIRS
When selling to us, the property and its inclusions are purchased as-is, where-is. You do not have to warranty anything or make any disclosures in a Seller Property Info Sheet(“SPIS”). Often, retail buyers will want you to address any and all disrepair with the property for them to go ahead with the purchase. The SPIS is very broad and can potentially hold you liable if the buyer closes and later encounters a problem with the property that you (intentionally or not)failed to disclose.
9. FLEXIBLE CLOSING
Need to sell fast? Need time to find the next home? As investors, we have no timeline to move into your home. We can close in as quick as 2 weeks or as late as 6 months. We can time the close so that you receive the funds a day or two before needing the down payment on the next house. Whatever you prefer!
Even in a seller’s market like Ontario, it’s smart to look at your options, compare the process, and see what will actually help you best reach your goals with the sale of your house. While you may be able to get a higher “top line” sales price listing with a local Ottawa agent, that doesn’t always boil down to more money in your pocket or less headache. Dive into the details below to compare your options.
|Selling w/ An Agent||SOLD To Ottawa House Buyer|
|Commissions / Fees:||5-6% on average is paid by you, the seller||NONE|
|Inspection & Financing Contingency*:||Yes, up to 15% of sales fall through||NONE|
|Appraisal Needed:||Yes, the sale is often subject to appraisal||NONE – We make cash offers|
|Average Days Until Sold:||+/- 91 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||It Depends||Just Our 1-2 Visits|
|Closing Date:||30-60 +/- days after accepting buyers offer||The Date Of YOUR CHOICE|
|Who Pays For Repairs?:||Negotiated During Inspection Period||NONE – We pay for all repairs|