Frequently Asked Questions
Is this legal? Don’t I need to use a realtor in Canada?
While it is common practice to use a realtor in Canada, it is not required. Home owners are free to sell their house directly to a buyer. When a realtor sells your house, they send all your closing documentation through to a lawyer. This is exactly the same way a Home Buyer will have to close out on the purchasing.
Will my house still be listed on the MLS?
We are not realtors and we do not list houses. Therefore, it will not show on the MLS.
How do you determine your offer on my house?
Great question. We are an open book and will review the breakout in detail during our discussions. Our process is very straightforward: we look at the location of the property, repairs needed, and general condition of the property. These numbers are compared to the current values of similar houses recently sold in the same area. Taking these pieces of information into consideration, we come up with a fair price that works for both parties. Our goal is always win/win.
How are you different from a real estate agent?
Real estate agents list properties on the MLS (Multiple Listing Services) along with several pictures of the home, in the hopes that a potential buyer will see the house and investigate further. From here, agents will set up multiple viewings for those interested. Realtors will likely request that you keep our house fairly clean, in order to facilitate last minute showings. Often you may need to remove a lot of your items to keep in storage for the duration of the showing period. Realtors make their money, through commissions, once they sell your house. Typically 7% on the first $100,000.00 and 3% of the remaining purchase price. Realtors provide a valuable service for those that can afford to wait 6 -12 months, don’t mind staying prepared for multiple viewings, and have the room to pay commissions in their sell price. Home buyers essentially cut out the “middle man,” and buy directly from you. No commissions, no fees, no showings, and no cleaning needed.
Is there any obligation when I submit my information?
There is absolutely zero obligation or commitments required from you while we work through the process. It is 100% your decision on whether or not you’d like to sell your house to us, and you are free to end the process at any time with no cost associated.
Are there any hidden fees if we agree to sell?
No. There are no fees or commissions when you sell your house direct to us. How can this be? We are, and work with, investors. Our money is made by either repairing/ updating the home and then reselling or renting it out.