Sellers, are you trying to decide whether to hire a Realtor or to go at it alone? This may be the biggest decision of your life. Selling to a professional buyer is an alternative that could save you thousands! Traditional listings leave you facing an unknown end date while taking all the legal risk and paying for all the charges involved when selling a home. When making any important decision in life, it’s best to go into the venture with a realistic understanding of just what will be involved. Most especially when the consequences of being ill-informed could leave you severely indebted at a time you may already be stretched to your limits. Discover these 4 ways selling your house now in Calgary will save you money!
Selling Your House As-Is
Absorbing additional losses when selling your house is the last thing you want or need. Especially if the property is older or has serious issues. In traditional listings, you may ultimately be responsible for repairs. Even if your property is listed “As-Is.” Listing your home with an agent or by yourself can leave you open to exorbitant surprises after an inspection. Depending on the problem discovered, you could be spending thousands of dollars for labor and repairs. There could even be potential legal risks associated with disclosure laws. All of these costs are subtracted from the purchase price originally offered. Not only can this be extremely disheartening but it could completely wipe out the plans you’ve made for your future. By working with professional buyers, you’ll know the offer is one you can depend on being a firm price. You can avoid legal headaches and keep your money instead of paying for repairs. By selling now to a professional buyer you can literally walk away, which is another way selling your house now in Calgary will save you money.
Whether you are considering taking it upon yourself to sell your own home or working with an agent, there is simply no way to avoid the need to market real estate. No matter who is in control of your marketing plan, you’ll be the one who pays. Depending on the budget outlined, you’ll want to include professional-grade photos, 360-degree, and virtual tours with professional drone footage, which are all the norm for today’s online buyers. Most real estate agents are now including staging expenses in the marketing plan, along with bringing your interior and exterior up to magazine quality presentation. This could mean anything from touch up paint to renovations and modernizing the property to suit the needs of your potential buyer. Likewise, standing out in searches means paying to be on the main real estate sites. Avoiding all of these costs when selling your house now in Calgary will save you money.
After finally maneuvering your way through the sale, it’s time to sit down and collect your long-awaited funds at the closing table, which may be virtual given today’s business models. Bypassing these charges at closing by selling your house now in Calgary will save you money. The largest of these deductions from your sale is in commissions if you work with an agent. Title insurance, which protects the buyer against any problems with your title, is commonly paid by the seller as well. Again, you’ll be facing another outlay for transfer fees, recording fees, and property taxes, which can vary depending on how the contract was written and the day of the month you actually close. Certain fees will be locked in, discounts on some services required for closing the transaction, and transferring the funds can be found by shopping around.
Mortgage Payout Penalties
When the pandemic started, the Bank of Canada dropped interest rates to help keep the economy stimulated, however the negative side effect on existing homeowners that had already locked in to a fixed term mortgage ended up with payout penalties as high as $30,000! More and more Calgarian’s are being stung by the lenders prepayment penalty, and don’t even think about it until they go to sign their final documents and receive thousands less than they were expecting. This is because mortgage lenders have an early payout penalty that is the greater of either: 3 months interest or, the interest rate differential (IRD for short). If you are even thinking of selling a simple call to your mortgage lender will give you the information you need to make important decisions regarding next steps as those penalties could be the equity you were counting on from the sale. If that is the case don’t fret, all is not lost…we have creative buying strategies that can still allow you to sell your house without having to pay thousands in penalties to your lending institution.
Be it due to foreclosure or other changes in circumstances, a looming deadline that could spell personal financial disaster can lead to anxiety. If you’ve been forced to move before the sale has closed, you may now be facing the monthly bills and maintenance responsibilities of two properties. In traditional listings, contracts often contain contingencies, such as waiting for the buyer’s home to sell before you can close, which means your sale definitely is not guaranteed. Often, inexperienced buyers end up backing out of deals after several weeks have passed, due to lack of qualifying for financing. By working with a professional buyer, you can alleviate the stress involved for everyone in waiting for closing. Having a quick guaranteed closing date when you are selling your house now in Calgary will save you money.
Just leave it all to our professionals. Imagine! No more concerns over financing your life while you are holding out for the closing, repairs, marketing, or closing costs. All you need to do is sell to ASAP House Buyers and we’ll handle everything for you. Selling your house now in Calgary to ASAP House Buyers will save you money. To learn more about our win-win offer, send us a message or give us a call today! (403) 613-8119