Do you need to sell a house right now in Edmonton, Alberta? In this post, we will offer tips to help you sell your unwanted house, quickly getting you the cash you need in less time than you might think!
As the Coronavirus restrictions continue to be eased, more people will be listing their Edmonton houses for sale. And despite what you may think, Edmonton homes are selling now!
We are facing many headwinds in the real estate market and the Alberta economy. And for a variety of reasons many people are trying to figure out the best way to sell their house right now. While the thought of selling your Edmonton, Sherwood Park or St Albert, Alberta home immediately may seem unlikely, it can be done! Savvy homeowners know that there are many ways to sell a house in Edmonton and that a traditional listing isn’t always the right option. In some cases it will be, but that depends on your motivation for selling. Below, we offer some suggestions to help you quickly sell your house without any waiting, surprises, or red-tape.
Work With A Direct Buyer
Working with a direct buyer is the quickest and easiest way to sell your house in Edmonton. That said, you will want to work with a buyer that is fair and reasonable, understands the market, and knows exactly how to create a transaction that will benefit everyone involved. Not all buyers are the same.
If you do decide to work with a direct buyer to sell your house in Edmonton, make sure you are working with someone who you can trust… someone who isn’t solely looking out for their own best interest. They need to be experienced, have knowledge about your specific neighborhood, and be dedicated to creating a fair deal that all parties will love. At Sunrise Home Buyers, we pride ourselves on being all of those things. We will NEVER make any false promises or put you under any obligation to sell. Working with Sunrise Home Buyers will give you the peace of mind you need when selling your house directly in Edmonton! There is never any obligation when receiving an offer, plus it can be a great insight into the true value of your home!
If you want to sell your house right now in Edmonton, you don’t want to spend the time and money renovating or making repairs to the property. But a factor in that decision is whether you have kept your home up to date and in good repair. If you have, that should translate into a higher selling price. But if you haven’t, and you want to take on some projects, consider this. Oftentimes, you won’t get your money back because the renovations you do won’t necessarily create any value to the purchaser. Not only that, doing so will cost you time off the market. Renovations can take weeks or potentially even months depending on the scale of the job, often costing you more than you had planned on spending. And then you have to decide when to stop. It is the renovator’s dilemna!
If you’re going to do some remodeling prior to selling and your kitchen looks like this you will run into what I call The Renovators Dilemna. Where do i start…and when do I stop?
If your house needs a lot of work, your pool of potential buyers will certainly be smaller. Not everyone is in the market for a fixer-upper, plus the photos are often looked over with so many other properties on the market. Selling your house as is in Edmonton can be risky for a buyer but it is a great way for someone to sell a house fast that they no longer want to deal with. While finding a buyer can be more challenging, there are investors out there willing to buy your house as-is, right away. Sunrise Home Buyers will give you a competitive price for your property right now no matter what condition its in! A direct sale to our team makes it easy to sell a house as-is in Edmonton!
Price To Sell
To sell a house fast on the MLS in Edmonton, you’ll need to compete with other properties that are currently listed. Take a look at what comparable houses are listed for as well as what they are actually selling for. Its wise to consider both data points. But there is often a big difference between the two. And this is the reason that when realtors and appraisers consider comparable properties in Edmonton, they only look at SOLD properties.
To get the attention of buyers, you’ll need to list your house for a lower price than the others on the market. You’ll have to run the numbers to determine if this will make sense for you. Lowering your price in addition to paying out commissions and other miscellaneous fees associated with the listing can really add up. Keep in mind, that with a direct sale to Sunrise Home Buyers, there are no commissions or fees. We offer a fair price and a fast closing if you need to sell your Edmonton house right away.
Rent To Own
Another way some people are selling their homes Edmonton fast is by setting up an RTO or Rent To Own agreement. This option will appeal to a small minority of homeowners and should be done with the help of someone experienced in real estate. For those property owners who don’t need the entire sale amount upfront, a rent to own agreement can be the way to go. There are a few reasons why this method appeals to property sellers. The owner of the home acts as the bank and the seller in a transaction. For starters, the home owner will receive a down payment. Plus, they will usually be able to charge higher than average rent, ensuring them a great rental income each month. The buyers will then have a greater motivation to pay on time as not doing so could void the agreement, costing them the opportunity to buy outright.
This strategy works for some people. No question. But you may have already figured out some of the potential downsides of a rent to own deal. The obvious ones being that you must continue to own the home and be interested in becoming a landlord. As I mentioned, there’s a reason most people do not opt for this alternative if they need to quickly sell their Edmonton home. So in summary, while a rent to own agreement to sell a house isn’t the first option people think of, there are some cases in which it can be very beneficial!
At Sunrise Home Buyers, we help homeowners who need to sell their homes quickly and without any costs or hiccups. We buy Edmonton houses directly, closing quickly on the day we say we will. You will never have to worry about getting stuck with a Edmonton house that you no longer want!