Selling a home in Canada can present a considerable financial challenge. While many homeowners primarily focus on the potential profits from their property, it’s crucial to acknowledge the significant expenses associated with the traditional selling process. These expenses encompass realtor commissions and costs linked to property staging. Fortunately, there exists a practical alternative – True North House Buyer, one of Canada’s leading private home buyers. We buy houses through private sales every week and would love to help you out!
One of the most substantial costs in this procedure is the real estate commission, typically divided between the listing agent and the buyer’s agent. Depending on the property’s value, this fee can accumulate to thousands or even tens of thousands of dollars. To put this in context, consider the average home sale price in Ontario in August 2023, which was $832,376. With the standard 5% commission split between both agents, the total commission paid would be in excess of $41,600 – and don’t forget the 13% HST on top!
Homeowners also need to set aside a budget for supplementary expenses like legal fees, home inspections, and potential repairs or renovations to enhance the property’s attractiveness to potential buyers. Some provinces may also impose extra costs such as land transfer taxes or property disclosure statements. Nonetheless, when you choose to sell your home to a private buyer like True North House Buyer, you can circumvent some of these costs.
Opting for a private sale to True North House Buyer can lead to substantial savings, both in terms of money and time. We do not impose any commission fees, and there is no requirement for a meticulously staged home or inspections. How your house looks when we come to see it is exactly how we expect to purchase it, eliminating the necessity for costly preparations. Despite the potential high costs of selling a home in Ontario, there are alternative options available that offer both convenience and significant savings without sacrificing effectiveness. Give us a call today at 647-477-0683 to find out why hundreds of homeowners have turned to us when they need to sell!