Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on the property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast…Let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!).
The discount is usually at least 10% off market value but if you sold the traditional way you would already be paying 5%+ HST for commissions, have to endure showings, potentially wait months to get your money, may have to spend money/time on minor/major repairs, home inspection, bank appraisal, the buyer may or may not qualify for a mortgage, and it may not even sell after all that!
We do expect that once we make you an offer, you are able to give us a clear Yes or clear No to our offer. We do NOT leave open-ended offers and prefer not to get into bidding wars with other buyers.
Leave A Comment