Sponsored | How to Sell Your Home Fast in Sarnia - Waterloo Region Record

Despite suffering sharp declines in the number of home listings in 2022, Sarnia witnessed an increase in the average property price. A total of 122 unit sales were recorded by the MLS system in February 2022, which is a 21.3% decrease from 2021. On the other hand, the average price for a home was $589,154, a 13.3% increase from 2021.

Some cities around Sarnia did slightly better, like Chatham, which had an 18.1% increase in home prices, while Hamilton achieved a 22.6% yearly increase in median prices. Brampton, on the other hand, scored an impressive 29.8% yearly increase in average home prices.

Sarnia’s numbers are good news for homeowners in the area who wish to sell their homes fast. The reason why home sales are down in Sarnia is that there are fewer homes listed, so the supply isn’t meeting the demand. This means that Sarnia is a seller’s market and homeowners can ask for higher prices when they’re selling their houses, condos, or apartments. 

Keep reading to learn how you can:

How to Get the Best Price for Your Home in Sarnia

Make Necessary Repairs

If you’ve been living in your home for long enough, chances are, there are quite a few problems. It may be mould in the basement or leaky pipes, for example. You get used to it after a few years and you just live with it. An interested buyer, however, wouldn’t. Before you list your home, you should have it inspected and decide what main problems need to be addressed. You don’t have to do a full renovation, but simply fix the major issues that would likely catch any ordinary buyer’s eyes.

Remove Personal Belongings

It’s always a good idea to remove your personal belongings from the house or condo before you invite buyers over. You’ll be making your home more spacious and inviting, which is something that any potential buyer is keen on. Get rid of old furniture, family photos, and other belongings that could be easily moved. The emptier your home is, the bigger it looks. It also makes buyers feel that the house doesn’t need much work for them to move in, which can help you sell your home fast.

Hire a Professional Cleaning Service

With your personal belongings gone, you next need to hire a professional cleaning service to go over the place and clean it thoroughly. Ordinary buyers are looking for a home to live in, so they could easily be put off by mould, mites, hard stains, and general uncleanliness. When you’re hosting open houses or showing a family around your house or second home, it should be spotless and ready for them to move in as soon as possible.

How to Sell Your Home Fast in Sarnia

Find a Good Realtor

Hiring a real estate agent to help you find a buyer doesn’t just take the load off your shoulders but also helps you sell your home quickly. From Froomfield to High Park, every neighbourhood has its own realtors that should understand the market and know what a house or condo like yours could go for, so they’ll help you set a reasonable price. They will then deal with potential buyers and answer their questions. When it’s time to close the deal, the realtor will negotiate the final offer and handle the paperwork. 

When you’re looking for a realtor to hire, you should look for ones with enough experience and a track record. Keep in mind, however, that the better and more experienced the realtor, the higher their commission. The average agent commission is between 3% and 7%, which usually amounts to thousands of dollars.

Find a Cash Offer

While realtors are great and can help you get the job done, some homeowners don’t want to pay a commission. In this case, a cash home buyer in Sarnia might be a better option. They are businesses or individual business people looking to resell or rent your home, so they’re not as picky as ordinary buyers looking for a home. You don’t need a real estate agent when you’re dealing with a cash buyer, so you get to keep the full sum from the sale.

How to Select the Best Selling Strategy for Your Home

How Fast Do You Want to Sell It?

For homeowners who want to sell their homes fast, not all options are alike. If you look for ordinary buyers, you can get lucky and get a quick offer. But you could also spend months waiting with no real offers. This is the same whether you’re selling as an owner (FSBO) or with a realtor’s help. With cash home buyers, on the other hand, this isn’t the case. Cash home buyers send someone to appraise your house or condo, and 24 hours later, you get an offer. If you accept the offer, you don’t have to wait for bank approvals as cash home buyers don’t need mortgages, they pay you directly, meaning you could walk away with the money in a week or two at the most.

The Condition of the Property

You should always clean your home and make the needed repairs before listing it. However, this takes time and money, which isn’t ideal if you are in a hurry to sell your home. Unfortunately, you have to do that because ordinary buyers expect to view homes in a good condition before they consider making an offer. Cash buyers, on the other hand, can purchase homes ‘as-is,’ regardless of how unclean the home is or how much work needs to be put into repairs.

The Location

A homeowner living closer to the city center has a better chance of selling their home in a shorter period due to the demand for properties in crowded areas. If you live in rural locations like Mandaumin or suburbs like Sherwood Village, you might struggle to find a buyer for your house or second home. Cash buyers prove a better option in these cases and often look for homes in more rural housing markets to convert them into vacation rentals.

At the end of the day, as a homeowner, it’s up to you to decide your priorities while trying to sell your property. Many are inclined toward cash buyers these days because the process is faster and with fewer complications. But you still have other options to explore if you have the time. To learn more about cash buyers and how you can sell your home fast in Sarnia, call Mortgage Broker Store at 416-499-2122 or check their website here.

SHARE:

Disclaimer This content was funded and approved by the advertiser.

Adblock test (Why?)

Sponsored | How to Sell Your Home Fast in Sarnia - Waterloo Region Record
Read More