When you list your residence for sale, the buyer can see how long the house is listed. As per recent data, the average number of days on the market for detached homes is 26 days, and the condo is 58 days.
If your house stays on the listings for a long time, the buyer considers it a stale listing and thinks the house might be tainted. Hence, many people ask their real estate agent to “sell my house fast Calgary.” Here are the benefits of selling your home fast for cash in Calgary.
According to recent Calgary real estate data, the sales to new listings ratio is 48% which is 17% higher compared to 2020. Though the Calgary market is hot and it has become a seller market due to high demand, there is no guarantee your house will sell fast.
A home that needs repairs and renovations is the one that stays on listing for a long time. If you think your timeline does not permit renovations and repairs, you can choose to sell your house in as-is condition.
When you request the real estate agent to “sell my house fast in Calgary,” they will try to get more buyers ready to buy your home in as-is condition for cash. When you work with an agent, they will also ensure the entire process is conducted in a timely manner. This way, you can close the deal in a few days.
Chances of Delay are Minimized
According to recent data, the total sales of a semi-detached home in Calgary for May 2021 was around 281. If you compare 2021 semi-detached sales with 2020, you will notice a mind-boggling 121% rise in sales. When you decide to sell your condo in as-is condition for cash and work with an agent, the chances of delays are minimized.
An all-cash deal is quicker as the buyer already has the funds ready and is not seeking mortgage lender approval for a loan. All this eliminates delays and risks to the seller and ensures the funds are received on time.
Eliminate Needs for Repairs
An individual selling the house in as-is condition for cash might not have financial standing to perform the repairs. Your house might need a plumbing system upgrade or some cosmetic repairs that might not be affordable for you. There is also a possibility you want to use the cash for future purchases.
You can talk to a real estate agent about selling the house in as-is condition for cash. The agent has a network of potential buyers who might be interested in buying your house for cash.
As per recent data, the average sale price of a semi-detached home in Calgary is around $505,643. The real estate agent might hire an evaluation expert to determine the correct price of your house that will attract more buyers.
Less Stressful for Sellers
When you are selling your house in as-is condition and for cash, you don’t have to wait for mortgage lender evaluation reports to complete the sale. The delay in the traditional sale process causes stress to buyers.
If the buyer agrees to the sale price and has funds to finance the purchase, the real estate agent can complete the paperwork and complete the deal fast in an all-cash deal.
In all-cash deals, only buyer and seller are involved as mortgage lenders do not finance such deals. All this reduces stress for sellers, and they can sell the property quickly.
To sum up, these are a few perks of selling your home fast for cash. Selling for cash provides you with liquid cash that can be used as per your needs.