Not everyone has the time or inclination to focus their energy and time toward selling their home using a realtor or learning to navigate the world of For Sale by Owner (FSO.) Real estate investors have thrown open the door to an approach that costs you no time and rewards you with money.
Ontario has the highest realtor commission rates in Canada. Although it is still the most popular way to sell a home, work is involved, and money is spent. There are two other ways of selling a home, For Sale by Owner (FSO) and selling to a Private Home Buyer. The former method requires researching the type of FSO selling and purchasing products sold to help the selling procedure. The latter way of selling to a private home buyer is pretty straightforward. Read DCI Properties’ How It Works.
Selling your home using the For Sale by Owner system can be beneficial for those who enjoy the adventure of having complete control. However, it is new territory for most people, and that may feel daunting especially considering...more
Higher interest rates affect you by costing more to borrow money; your mortgage rate will increase if you have a variable interest rate. If you are due to renew a fixed interest-rate mortgage, higher rates may also affect your renewed payments. Learn why, here.
Consider all of your property-selling options more now than before. DCI Properties is here for our clients with fabulous reviews to prove it.
Interest rates are going up.
- With the hope of keeping a recession at bay, the Bank of Canada has raised interest rates to slow economic activity.
- According to Reuters online financial site as of June 2, 2022, the official Bank of Canada policy interest rate of .25% in January 2022 is set at 1.5% now, and will likely rise above 3% by early 2023.
- As of June 2022,...
We all know that now is a great time to sell a home. Let’s look at the fees you’ll pay for the three ways to sell your home in Ontario using a: real estate brokerage, for sale by owner, or real estate investor / private home buyer. No matter how you slice it, experts are paid for making it easier.
How much does a real estate brokerage cost me when selling a home?
- Real estate commissions: 3.5% to 5% (usually 5%) in Ontario. The selling agent receives 1 – 2.5% of the commission, and the buying agent receives 2.5%. ($500k Ontario home sale = $29K commissions)
- Real estate lawyer: $500 – $1000 for a title search on the house, verified tax information, a Letter of Direction to a buyer’s lawyer that confirms any outstanding monies owed on the property will be paid off, verified terms and amounts in a Statement of Adjustment, and confirmation of the receipt and use of the buyer’s funds to pay outstanding mortgages and debts.
- Sales Tax: 13% of the real estate commissions of the buying and selling agents...
Your home is an investment in which you also happen to live. Since real estate investors / private home buyers aren’t buying your home to live in it, you may wonder, “is selling to a real estate investor worth it, and am I being offered the best price?” What are you saving versus otherwise spending?
Real estate investors or private home buyers buy your home unrenovated, unpainted, and even uncared for. The ease associated with the transaction makes selling to private home buyers a draw for many people.
There’s only one way to know how to make sure...more
Private Home Buyers or Real Estate Investors are the new kids in town regarding real estate buying and home selling options. In a sentence, they buy homes without demanding changes to the property. More and more, Real Estate Investors are being embraced by many home sellers.
Private Home Buyers are happy to purchase a house no matter its shape.
Even if your home has a negative issue that would delay your ability to sell it, you may need to sell it but cannot fix the hindrance. What can you do that won’t require ‘giving the home away’ or not getting a fair return on your investment?
Private Home Buyers like DCI Properties are the professionals to contact. They are not nervous about taking on any project, no matter how bashful your home is. Read about the process here.
Private Home Buyers or Real Estate Investors are the new kids in town regarding real estate buying and home selling options. In a sentence, they buy homes without...more
In our article, ‘How Do I Sell My Own Home?’ we talk about different ways of selling your house, including a self-directed, DIY house sale. But you’ll enter into a pretty steep learning curve selling a house on your own and most people do not want to take the risk as a first-timer endeavour. Selling a home to a private home buyer (also known as real estate investor) is perfect if you don’t have the desire or time to follow the necessary steps to sell your home through a real estate agent or on your own.
Practical tips to prepare yourself to sell to a real estate investor (private home buyer):
Every industry is susceptible to deception, so do your research.
A commerce-based society sometimes attracts duplicitous people with a lack of conscience. Most people are trustworthy, but be concerned about anyone promising huge financial results or delivering stories designed to scare you into immediate action. Never sign during your...more
The first Canadian real estate board originated in Vancouver in 1888 when a commercial hotel was worth $600. But before there were real estate agents, self-directed buying and selling of buildings was normal. Today it’s still a choice, but there is also an easier alternative to DIY house selling.
Suppose you are looking at alternative ways to sell your home in the London, St. Thomas, Sarnia, Kitchener, Windsor areas, or anywhere in Western, Eastern, or North Eastern Ontario. In that case, you may find that many willing companies try to educate people about selling their houses on their own. After all, it’s dead easy with house sales currently so strong, right?
Helpful tips are known by rote: preparing your home for sale, organizing for open houses, and keeping your home tidy. Advice is practical, but self-directing a money deal involving the highest dollar figure you will likely ever engage in is daunting, and a first-time seller can quadruple that feeling.more
If you’re interested in selling your home quickly and without the headaches that accompany going through a traditional real estate agent, then you should consider selling to a private cash home buyer. This guide will tell you everything you need to know about selling your home to a private cash home buyer.more
For many of you reading this, your first thought might be “Is this even possible? Is it legal to sell my house without a real estate agent?”
In short, yes. You can legally sell your house without an agent. You do not even need to list it on the MLS (Multiple Listing Service such as Realtor.ca).
What are the pros and cons of such a “non-traditional” approach? In this article, we will attempt to list out a few points of going with an agent; we will present an alternative option of selling without an agent and explain why finding the best fit for your needs will guarantee a great selling experience.more
(answered by Bill Mitches, lawyer)Selling your home is a major undertaking that should not be taken lightly. The decision to use a lawyer, a real estate agent or even to sell on your own should be well thought through with advice from professionals. Here for this blog, we have consulted with our business lawyer, William Mitches who specializes in Real Estate, Business and Financial Services at Harrison Pensa. Bill has extensive experience in many facets of business law and commercial transactions. He shares below his professional opinion on several common questions from homeowners when they are selling their home.
Note: The information provided below does not constitute legal advice and is for general information purposes only. It should not be relied upon without consulting a lawyer licensed to practice law in the provide of Ontario.
1. Do I need a lawyer to sell my house?
If you live in Ontario, the answer is yes. Although a lawyer is not required before you enter into a contract for the sale of your home, you will be required to...more
In these difficult times with the pandemic raging on and government restrictions clamping down on movements, homeowners may find themselves in a precarious situation if they wish to sell their home.
How do I reduce the number of people entering my private space?
Can I get an offer for my home with no visitors?
What will the process look like?
At DCI Properties, we've always had the option to make an offer on a home, sight unseen, even before COVID-19. As long as we can have a good idea about the condition of your home through the information you share on the phone with us and some photos, we can be confident to present you a cash offer. This offer is conditional upon us making ONE visit to your home to have a final overview with all the necessary precautions in place (e.g. masks, sanitized hands, keeping 2m apart from you). But until then, you have the peace of mind that there is a solid offer on your table, and the deposit can even be with your lawyer before we make the visit. The terms of closing will be suited to you, so you can take as long...more
In this blog, DCI Properties is proud to present 8 helpful tips for moving answered by our recommended partner and professional movers: True North Movers. Based in London, True North Movers has been servicing London and surrounding areas since 2013. They offer residential and commercial moving services with great professionalism and value. Here to answer some top pressing questions and give tips on moving is the CEO of the company, Joshua Cairns.
1. How Do I Save Money in Moving?
The best way to save money while moving is to be both prepared and organized. Make sure that you are preparing for your move at least 2 months in advance. Number and log all your belongings and make sure you mark any boxes and furniture with the room that you would like it placed in your new home. This will allow your movers to work as efficiently as possible and save you money in the process!
2. How Do I Pack My House for Moving? Are There Any Tips for an Efficient Packing and Moving Process?
While packing, best thing to do would be to go room by...more
In this final part of the 3-part blog series "How to Sell my Condo", we discuss some preparations and things you can do to make the transition a smooth and easy one!
Congratulations, you have sold your condo! Whether you went with the Hassle-Free Fast Sale or the High Profit Sale as discussed in the previous post, you are now ready to start to move out of your condo. Ready?
Review Your Sale Agreement
What have you agreed to leave behind for the next owner? Put a marker, such as a green painter’s tape on those items (e.g. appliances) so that you won't mistakenly pack it up for moving. When is the closing date? Make sure that you have all your items (except your daily essentials) packed up at least 1 week before that date and all necessary paperwork and keys are in order.
Pro-tip: Don't spend big bucks on cardboard...more
DCI Properties specializes in buying homes for cash, in any condition. And we are serious about buying in any condition - old, damaged, neglected, cluttered, unfinished renos, even burnt down! We've purchased over 100 properties to date, so we thought we'd share some of the work done to properties we have acquired.
Before/After Transformation - Strathroy
This detached house in Strathroy was owned by a lovely elderly couple who recently passed. We were contacted by their children who were looking to sell this inherited home in a hassle-free way. The house sits on a large plot of land and comes with an inground pool. Structurally, the house was in excellent condition and did not require major renovations. It did however contain a lot of stuff left behind by the homeowners and its decor was very dated.
From the exterior, the house looked clean and bright with a well-manicured lawn and a long, tidy driveway. Going in, we were greeted with a living room containing a fireplace and items on the floor. The room had a large window but because the...more
In this second part of the 3-part blog series “How to Sell my Condo”, we dive into the various factors you need to consider if you wish to sell your condo.
When Should I Sell My Condo?
Selecting the right time to sell your condo generally depends on 3 factors: your personal reasons, the current real estate market trends, and the season of the year.
1) Personal Reasons or Goals: What are your reasons for wanting to sell? In the first blog, we covered some personal goals that may prompt you to sell your condo, such as a growing family, the need for a larger space or yard space, or a change in financial situations and the move from homeownership to rent. Personal goals and reasons to sell can occur at any time, although one could create more urgency than the other (e.g., debt problems could make you need to sell your condo fast as opposed to upsizing, where in the latter you would want to take...more
In recent months, we have noticed a surge of inquiries regarding homeowners who wish to sell their condo fast and either upgrade to a detached property or transition to a rental. Since condos are a unique category of homes on their own, we thought we would write this 3-part blog series about condos. We’ll go over the pros and cons about owning a condo, factors to take note of when you sell your condo, and selecting your next home (whether it is another condo or a larger house). We will first start with an overview of condos and discuss about their perks and disadvantages.
Condos is short for condominiums. They are units in a building that can be bought and sold individually. In several cities across Southwestern Ontario especially near the downtown core, condos are abundant because of the higher population density. While condos are often identified as high-rise buildings, they are also available in low-rise buildings of 3 to 4 storeys or as a condo townhouse too.more
DCI Properties specializes in buying homes for cash, in any condition. And we are serious about buying in any condition - old, damaged, neglected, unfinished renos, even burnt down! We've purchased over 100 properties to date, so we thought we'd share some of the work done to properties we have acquired.
Before/After Transformation - St. Thomas
It's not everyday we get to completely transform a quaint century home. The plan was to convert this single family detached house into a duplex for renting, but not before a thorough makeover inside and out. Check out these before and after photos!
This red-bricked house was in a state of neglect with broken front stairs, unpainted walls, peeling ceilings and unfinished bathrooms. There were dated furniture and trash in almost every room. Structurally, the house was in good shape but it desperately needed a full renovation before it could accept tenants.more
We often get questions from homeowners when they are confronted with the concept of private selling and private homebuyers like DCI Properties for the first time. To answer the Top 5 Questions Homeowners Ask, we made a neat little video with Birtha Wall, our property acquisition specialist. Check it out!more
Moving is a tedious and stressful process. Moving with pets is even more so! There are so many more things to consider – the pet’s wellness, equipment, documentation…etc. A lot of our sellers have pets (often more than 1!) and so do we. We thought we’d gather from our experience moving with Otis (the 90lb bulldog) into this blog to help our sellers alleviate some of the stress in moving with pets.more
Over the past 5 years, we’ve seen several clients make the switch from home-ownership to rent. Renting can be a great option depending on what you have going on at the time. Some people want to free up cash for a business venture, others are looking at moving outside the city they’ve been in for a while and want to test out a new neighbourhood before putting down new roots. A lot of sellers decide to rent when they’re ready to downsize, and some are looking to decrease debt, big mortgage payments, and/or reduce expensive monthly upkeep costs that come along with home ownership. Whichever the case, going from owning your own home to living in a rental is a big change. Here’s some advice to help you through the process.more
A new diagnosis, trouble moving up and down the stairs, a bad fall or forgetting where you put your keys for the 10th time of the day - these are signs that life for you or a family member may be heading in a new direction. And this new direction may require new accommodations that may not be present in the current living space.
At some point in our lives, our house becomes unsuited for us and our changing health needs. We have the needed discussion with our doctors and family and make the decision to downsize, move to a retirement home or live with family member. The current house has become too much to maintain and too much to move around comfortably in.
When you have reached that decision to let your house go, consider a private sale first before you contact your realtor. With commission rates as high as 7%, those thousands of dollars that you will pay toward your realtor could be better used toward increased health costs, new monthly expenses for your new home, or other unexpected costs that may come up. Every cent counts.
Private sales are also just that –...more
Being a landlord is a great source of passive income. However, like many investments, it comes with its fair share of headaches. Rising costs of maintenance, uncooperative tenants, changing regulations and so on, these can weigh the process down and decrease the perks of the role. We’ve asked around and gathered some tips that can help with landlord troubles. Here are the top 10:more
The weekend offers a respite from the Monday-to-Friday grind, and what better way to relax than to enjoy a delicious brunch on a lazy Saturday/Sunday morning? Sit in or take out? Do what you are most comfortable with, but do enjoy that summer sunshine as you tuck into those egg benedicts and mimosa. Bon appetit! #supportlocal
Here are some of the best spots for brunch in these cities.more
Debt is a concern for many Canadians. According to a market research, 94% of Canadians admit that the average household carries too much debt, and 4 in 5 (84%) make getting out of debt their top financial priority. Due to the recent COVID-19 pandemic, more households are entering into debt as their hours or jobs have been cut. The issue has become a downward spiral and more than ever, Canadians are searching for the solution to end or alleviate their debt problem.
If you own your home and have built up some equity paying down your mortgage, your house could be a good asset to use toward your debts. Selling your house could mean paying off a first and or second mortgage, credit cards, Lines of Credit, and other unsecured loans.
But the process of selling a house could mean incurring more costs - costs to renovate, repair, stage the house, and then waiting patiently for an offer to arrive and...more
Selling your house is a daunting process, especially if it’s in poor condition. If you are stuck thinking “Is there any way to sell my home without making repairs?”, the answer is yes.
Did you know that there are companies that buy houses for cash, which means you don’t have to make any repairs? These companies are called cash buyers. There are many advantages to selling to a cash buyer. Here are just a few of the perks.more
Selling your home is a naturally stressful process. Throw in a global pandemic, countries in emergency lockdowns, the shutting of several businesses and you may find your anxiety through the roof. There is a simpler, hassle-free way that has existed long before COVID-19. And you might find that this way is the right option for you.
A private sale of a home takes place between the seller and a known buyer; with a known price and an agreed deadline. That in itself takes the gamble off the conventional sale of a home with an agent. There are no bids, just a cash offer and the assurance that you can plan your next steps ahead with confidence. Some private sales also remove any commission or closing fee from the transaction, which means more money in your pocket.
There are no staging or showings in a private sale. Because your home is not on the market for bids, the fear of a virus transmission by random strangers walking into your house is omitted. Certain private buyers would even take your home as-is, meaning there is no need to renovate, do a thorough cleaning or...more
Life essentials add up, and affording your current home is almost near impossible once you start drowning in your debts.
If you are experiencing financial problems, don’t panic, take action today and get foreclosure help in London, ON.
Many people find themselves in a position where they are about to lose their home. If you are close to this and you don’t get help then this will destroy your credit, you will lose your home, and you will be left with nothing.
It can be extremely hard to recover from foreclosure and get back into a home once you are back on your feet. Don’t wait for your problems to disappear, because, let’s be honest, they won’t.
Let us, DCI Properties in London, ON, help walk you through some options to consider when dealing with this stressful situation.more
Larry is a landlord. For years, he has enjoyed the perks of earning passive income by renting out his multi-unit property. The renters would range from students studying at the local university to young couples or families saving up for their first home. Larry enjoyed helping people by providing them with a safe, comfortable rental unit.
However, in recent months, the house is in need of more maintenance than usual. Larry is getting on with age and cannot keep up with the frequent property visits and the physical labour of renovations. Hiring a contractor to complete the work is expensive and costs are starting to add up. Occasionally, tenants would not get along with one another and Larry would have to intervene. More than once he’s had to pack up quickly from the cottage to resolve a small squabble, fix a leaky toilet, make a visit to collect rent, or be on site to help a new tenant move-in.
There comes a point in time for every landlord where they just want to be done with it, and that’s exactly how Larry is feeling. Like most tired landlords, he wants to move...more
When you acquire a mortgage there is always a risk of foreclosure sitting in the back of your head. Life can get rough and monthly payments may start to pile up. When the hard times have rolled in full swing, you may not be able to make ends meet and you may find yourself getting behind on your house payments.
So what can you do when you are facing foreclosure on your home?
Well, it may not be easy, but here are a few suggestions to help you get headed in the right direction. The sooner you take action on your home, the sooner you can get in control of your life and avoid foreclosure.more
There are many reasons a homeowner may need to sell their house fast. If your house is unlivable or you can no longer find the funds to pay your mortgage, then selling your house may be essential. If you are asking yourself, “How on earth am I going to sell my house fast in London?” then keep reading. We want to help break down a few options that may help you.
Here at DCI Properties, we know how nerve-wracking it is when you are no longer able to afford your mortgage or you need to move fast for other reasons. If you need to sell your house fast, don’t fret. Take a deep breath and start researching your options. Selling a house may be a long exhausting process. In fact, did you know that studies have shown that selling a house is the most stressful experience you may ever have to go through?
The good news, however, is that it is possible and we at DCI Properties in London are here to help you make this process as simple as we can. Make...more
Are you about to face foreclosure on your house in Cambridge? Are you finding it difficult to come up with enough funds to pay your monthly payments every month?
I believe when it rains it pours, and a mortgage can make things even more stressful. We have seen this happen so many times, and we have helped dozens of people in your situation to figure out how to get out of these dark days.
Read on for ideas of how to sell your house fast when you are facing foreclosure in Cambridge.more
Selling your house is a lengthy process and trying to determine what approach to take can be complicated. However, it will be beneficial to look at all of the different ways to sell your house.
There are different routes to take, you may choose to sell by owner, listing with a real estate agent, or sell to a cash buyer. You may find it helpful to do some quick research to determine the most profitable way to get your house sold, and quickly.
The goal is to make the most money from your house. Let us break down some of the pros and cons for you.
Pros of a Real Estate Agent
- An agent will list the house, allowing it to be shown on multiple marketplaces.
- Marketing is automatically done for you.
- Agents find potential buyers, show your house to them, and find the right buyer.
Cons of a Real Estate Agent
- Agents charge 5-6% of the home’s sale price.
- Time - Could take a long time before a buyer comes...
The process of selling a house can be difficult and it can take time. Whether you choose to sell with a realtor or you decide to list your house on your own, both of these ways of selling your house usually end with the same consequences: your house can take a long time to sell according to Smartasset.
Repairs may be required to appeal to a buyer and statistics suggest you will recoup less than three-fourths of your remodeling investments when you sell. On top of losing money from your projects, you are stuck paying listing or real estate agent fees.
If this isn't something you want to deal with, maybe you should look into selling your house to a cash buyer instead. By now you are probably asking yourself, “how can I go about selling my house to cash buyers?”.
Don’t worry a second longer about the traditional ways of selling your home. Let DCI Properties walk you through the process of...more
Owning a rental property is an excellent investment. It is a great way to make extra income, and build your retirement. However, with every good thing, there can be ugly factors as well. If you find a great renter, then you may never run into any problems with the condition of the home. However, often those who rent are more likely to treat the house poorly as they have no obligation for keeping it nice.
The Financial Samaria, Sam Dogan, said about the emotional toll that having a renter can give you, “I make a self-assessment of where my stress comes from and how that matches up with my cash flow and assets. I found that most of my stress comes from managing rental property, yet my rental property wasn’t my top semi-passive income earner. Therefore, it wasn’t wise to be so weighted toward a rental property”.
If you find yourself left with only the walls of the house, then maybe you should consider a way to...more
You know that old saying, “Why would you go to a Chevy Dealership to talk about Fords?”. If you aren’t familiar with that, then let me explain. People will often go to a company and ask about their competitors as if the competitor is the one who built the product.
This can often happen in real estate. You will talk to an agent and they will tell you all of these myths about house buying companies. And why do they do this? So that you will give them your business.
But this article is coming from the mouth of a house buying company, DCI Properties. We are cash buyers who will buy your house within seven days. This process is an extremely quick and efficient operation that takes very specific steps. For this process to move smoothly, here are seven tips that will make your journey an easier transitionmore
Selling your house during divorce can be one of the more trying experiences you can face—emotionally as well as physically. And in both instances, it can be more of a burden than you’re prepared for.
Your lifestyle will change, and there’s no way around it. Holding on to your house during a divorce might seem like a reasonable option now, particularly if there’s no contest from your former spouse. But at some point, the cost of keeping a house on your own may be too much for you to bear.
It may be easier on the both of you to sell your house quickly during your divorce rather than argue for months on end. If you can both come to an understanding, here are a few things to keep in mind.more
Selling your house on your own can frequently seem like a daunting proposition. On the one hand, you don’t want to pay the average broker fee of 6 percent. But on the other, brokers possess both marketing and networking skills you simply don’t. It’s not that a for sell by owner house won’t sell. It’s that you’re going to find yourself spending more money during the process than you should.
And it’s money you don’t need to be spending.
There are ways to sell your house quickly without spending any money during the process. But it’s not as simple as putting a “For Sale” sign in the front yard. If you’re looking to sell your house quickly and maximize your return in the process, here’s a few things to consider first.more
Home showings. They seem like a great idea. And if you’re trying to sell your house without an agent, you’re probably going to spend a lot of time getting it in order first. Maybe you’ve staged it just right. Or hired a professional home staging agency. Maybe you’ve even spent several hundreds—if not thousands—of dollars on minor repairs and renovations. Nothing too fancy. But just enough to make your home look brand new and inviting.
So how come your house isn’t selling?more
Are you currently living in a house so ugly or destroyed that you need out? Are you wondering how anyone can possibly want this piece of junk? If you have asked yourself these questions or something similar then you are in the right place. The truth is, someone is going to want your house. However, they will want your house for the right price, which may not be your idea of fair.
Selling an ugly house is a difficult task to do on your own, and fixing it up can cost a lot of money. Here are a few thoughts and ideas on how to sell a house in Kitchener that needs repairs without putting any money into renovations.more
Here at DCI Properties, we meet with people all the time who are in foreclosure and they all ask us the same question, “Can I get out of foreclosure?”. The simple answer is, yes! You have a few options to stop foreclosure. So consider this your guidebook called, “How to Stop Foreclosure in Cambridge”.more
Selling your home is never a proposition that’s absolutely certain. But during a pandemic, that uncertainty is even greater.
There are quite a few reasons why you may have waited before putting your house on the market over the past few weeks. And we can’t blame you. The last thing you need to be thinking about during a global health crisis is the fair market value of your house. There are other priorities. Your family. Your job. Your savings. And of course, your well-being.
But you may find yourself in a position where you have no choice but to sell your home in Ontario. It may have already been in pre-foreclosure prior to the COVID-19 pandemic. You may be facing your own medical emergency (and we sincerely hope you aren’t!) Or you may have even been one of the millions of Canadians who now have to face the misfortune of unemployment or a cut in hours.
These are uncertain times. But there is some hope....more
Selling your house in Cambridge shouldn't be stressful. There are a lot of options to consider when selling a home. You can choose to sell by owner, find a real estate agent, or work with a cash buyer.
There are pros and cons to selling on your own or through an agent, but there are a lot of benefits and very few downsides of selling a house for cash that most homeowners don’t know or even consider when selling their house.
In fact, Bankrate says, “There are many upsides and very few downsides” when selling to a cash buyer. Keep these in mind when you are considering putting your house on the market.
Sell home as is
Selling your home is already stressful. And then you have to worry about the repairs your home may need in order to appease a buyer. Not only is this going to be time-consuming, but most often the things that need to be fixed are to appeal to a buyer, and will cost much more to...more
Inheriting a home can be both a blessing and a curse. Whether it’s because you lost a loved one, or it was given to you, it may feel emotionally draining. Whether the home was taken care of or not, there is going to be a lot of work that needs to be done to get this house sold and off your hands. Checking the value of the inherited home is the most important thing to start with.
It may be a beneficiary inheritance and you may be looking forward to the big break from the sale. Or if this was an unexpected inheritance it can be a big financial burden for you. There are many different ways of getting money out of an inherited home. Some experts believe that selling the home is the best option, but there are always pros and cons. If you are unsure of what approach to take, consider these four things.
1. Moving into the inherited house
The first thing to consider would be, should I move into this home? Of course that sounds like a great option....more
Need to sell your house? Whether that is right away, or just knowing it is on the timeline, it may be stressing you out. So many thoughts and steps are involved in the process.
It can feel overwhelming figuring out if your house is worth the effort of fixing it up or selling as is. You are probably not the only one who feels this way.
Time is hard to come by, funds can become crunched, the house seems helpless, and you may just want someone to take it off your hands. Unfortunately, financially that is not realistic. So what should you do instead?
Don’t sweat it, maybe selling to a cash buyer can be the alternative you did not know about. We are here to help put your mind to rest, and help you weigh if it’s worth the costly minor changes to your house. Or if selling your house as is, is the right thing for you.
Low on Funds
Extra money is hard to come by. It may sound simple to paint the walls, change the flooring, and add a little shazam to the place. But mathematically, is it really worth it? Unfortunately, these time consuming and cash eating...more
Embracing change doesn’t always come naturally. As humans, we create our routines based off of necessity and interest, and we get comfortable. Being creatures of habit, especially over time, it can become more difficult to adjust when unexpected situations arise.
This is especially true when it comes to your home.
It is the space where you are living your life, and likely has been for quite some time. The decision to downsize your home is often made because of personal or financial reasons.
As with any large change, this decision tends to bring a lot of both positive and negative things.more
Found an exciting new tech job? Landed an internship at a prestigious advertising agency? Getting a new job can be an exciting new adventure, but it can also be a bit scary at the same time.
The biggest challenge you may face is selling your existing home and coordinating timelines with your new start date. The last thing you want is to be stuck paying two mortgages or a mortgage and then rent at the new place. Even in a sellers’ market, offers fall through all the time and that can elongate the process.
So what can you do to make the transition less stressful and simply focus on your exciting new life?
Here are 4 Options to make the Relocation Process Easier:
1. Significantly Lower The Price
If you’re in a sellers’ market, where there’s limited housing inventory, then you should be in a position of power and should have several buyer offers to choose from. However, as mentioned before, offers can always fall through.
If you’re in a buyers’ market, where buyers have plenty of real estate inventory to choose from, then you need to be...more
Are you currently living in a home that you feel like you may never be able to get out of because no one could possibly ever want to buy your shack?
Well don’t worry, your home surely isn’t the only other house in this situation. You don’t have to live in a place that you will never feel like calling home, because we buy houses as is, and we can help you no matter what your story is. Trust us, we have seen almost everything.
Ugly Damaged House
If you have a home that has been damaged or was never in good condition to begin with, it may be difficult to sell.
Trying to find a buyer may require you to make expensive repairs that will not bring up the value of your home. It can take a lot of time and money to fix up a home, and if you don’t do these things then it will take a long time to sell your home.
We buy houses helps you sell your home as we purchase homes as is. We won’t judge you, and we will gladly take your ugly home off of your hands, in fact, it is our favorite thing to do.
Speed of Sale
Don’t wait for someone to make an...more
If you need to up and move as soon as possible, then this article is for you! Not many people can pick up and leave in a day, especially those with a mortgage. If you have a mortgage haunting you then look no further, DCI Properties will purchase your home with cash in just a short seven days.
We are cash buyers and we help a lot of people who are in your exact situation get out of their mortgage so you can purchase your next home.
In this post, we will cover why we are your best option, and how quick our process works. But, first let’s talk about the different ways you can sell a home, and why these aren’t going to work for your situation.
For sale by owner
Selling your home on your own is the most exhausting experience you may ever go through. Not only is this going to be a very lengthy process, but you are going to have a lot of prep work to do before even being able to list your home. This is going to be time-consuming and pricey.
Here is a small list of some of the things you will need to do when you are selling your home on your own....more
Have you ever considered working with a cash buyer? Do know the benefits of selling to someone like DCI Properties? These are just a few of the benefits that come from working with a cash buyer to sell your Kitchener home!
We close on your timeline – you choose the closing date. We aren’t moving into your home so if we need to extend the closing date to align with when your are moving into tyournew home, no problem. We only ask for a 2-3 week heads up.
We will buy the property AS-IS – you don’t need to make any repairs to the home. Even if there are major repairs, roof work, foundation issues, leaks, water issues, etc., we will take it on. Youdon’t need to worry about hiring contractors to do any of that before you sell.
No showings or signs on their lawn (ie Discrete sale) – some sellers want a more discrete sale of their home. We don’t have multiple showings. We come to the house once and make an offer within 24 hours of seeing the property in person. That’s it.
Cash offer – you don’t need to worry about...more
If you need to sell your house fast, then you don’t have time to find the perfect way of doing so. There are different options for selling your home and many of them can be quite time-consuming.
Here are five great tips to help you sell your house fast in Kitchener.
- Price the home right from the start
If you want to get your house ready to sell fast, there is no better way to do so than to scope out similar homes in the same neighborhood and area. Sellers often want to price their house high so that they can have room for negotiating. If you start high you can sell it for the price you are hoping to get, right? While this may be the case sometimes, when you price high not only can that take more time because the negotiating process takes a while, it also can result in a lower offer. If you do your research and scope out what similar homes in your area are selling for, you can price your house slightly lower for a quick sale.
- Curb appeal
Nothing sticks closer to you than a good or bad impression. Did you know that your mind...more
Retirement is looming and with retirement comes a major decision. Do you stay in your current home or do you downsize? If you’re like most homeowners nearing retirement, you are most likely sick of mowing the lawn, paying absurd amounts of money for heating and cooling a nearly empty house, not to mention all the capitol you continue to put into a house that’s potentially too big for your current situation. Why not downsize?
With downsizing comes some hard decisions you need to make. Should you stay here or move there? Should you move to a condo or single-family home? To buy or to rent?
Here or there?
A common thought is to sell your bigger house and move and into a smaller house. Then you’ll have extra money to pad your retirement fund. Before jumping to such a simple conclusion, you’ll want to think of the following before you decide whether staying in your current city or moving to another is right for you.
- Moving costs
- Real estate agent fees when selling/buying
- Tax bill
- Insurance premiums
- New furniture (for new...
Investing in real estate can be one of the best long-term investments you can make. However, you can only hope you have low maintenance tenants, as high maintenance tenants can be the cause of a lot of stress and headaches. If you do end up with bad tenants - what can you do about it? Whether you’re managing the investment yourself, or you have a property manager, let’s look at how you can properly handle dealing with bad tenant situations.
Be Firm, But Not Confrontational
From the beginning, it serves you best to be friendly, but firm. Property managers can often serve this purpose, as they’re a neutral party whose responsibility it to serve your interests. It can be easier for property managers to keep things business and not let things get too personal.
If you’re managing your own property, you need to balance friendliness and firmness. Try and create a business relationship with your tenants based on fairness and transparency. If there is an issue, you need to address it immediately. There are HoA and community regulations in place and you need to ensure...more
Sometimes life gets hectic. Taking the kids to practice, working long hours just to pay the bills, debts weighing on your shoulders, all to see that your house is starting to fall apart and needs repairs that you can’t afford.
This can lead to making some major decisions for you and your household. Should you sell your home as-is? Should you get a second job to fix things up? Should you refinance and hope for a lower payment? Does it make sense to put in any effort to sell your house?
Here are some ideas that you can use to help improve your home’s value or spruce up the life of your home for the near future until you get into a better financial situation.
- A Paint Job Can Change the Whole Feeling of Your Home
Painting your house can drastically increase the value of your home for a cheap price. You can get a 5-gallon bucket of paint for under $50. This can help with the sell-ability of your home. By doing this, even if you aren’t looking to sell, your home will feel more vibrant and updated.
This simple update can be made to walls,...more
If you've stopped by this article, there's a good chance you're thinking, "I need to sell my house fast”, right? You may be frantically searching the web, but you are needing to cut to the chase. The good news is we can help. For the fastest selling option have you considered a cash buyer?
Maybe you are a little hesitant and unsure of what exactly that means for you and your home.
The process of selling your home can have so many steps, it can be overwhelming to jump through those hoops. If you are needing to sell as soon as possible, then there isn’t a whole lot of time for you to get things done. Between making repairs and finding the time to keep your home tidy for showings; it can feel impossible to find time for everything. So, let us take your home and make your burden light. Here’s what you need to know about working with a cash buyer like us!
Time: What is That?
Waiting to list your house on the market and beginning the selling process is probably not something you have the time to do. Don’t stress over something that isn’t a problem, we are here...more
Selling your home without an agent is usually done with an ultimate goal in mind – to maximize the profits made in the sale of the house. If you are considering taking on the sale of your home without the services of a real estate agent, you may stand to see thousands, if not tens of thousands of dollars in increased profit.
Choosing to sell a house without an agent can seem overwhelming when added to the to-do list. With a little organization, however, this shouldn't be necessary. Here is the paperwork needed to sell a house without an agent.
Make A Checklist
Those who have successfully sold a home without using the services of a real estate agent may remember the intimidating amount of paperwork that is required, as well as the many documents that may be forgotten. There is nothing more aggravating during the house selling process than a prospective buyer who asks to see some paperwork that you don't have ready for them. Not only is it inconvenient for the buyer to wait for the documents that they wish to look at, but it may also be inconvenient to you, the...more
Don't drain your pocket by using the services of a real estate agent. You can sell your house without real estate agent fees in a relatively simple process when adequately informed and organized.
Would you like to sell your house without real estate agent fees? Do you find yourself weighing the pros and cons of avoiding the services of a real estate agent? Yes, you may have some work ahead of you, but selling your house successfully without paying real estate agent fees can be a reality that pays off by the thousands. In fact, our estimates show that homeowners can save an average of $6,000 - $10,000 in real estate agent fees alone.
How do you know what to do to sell your house without real estate agent fees? Well, we’ve put together a simple step-by-step guide on how to not only save money on unnecessary real estate agent fees, but also to maintain control over your home's sale price, and the process of the sale.
Step-by-Step Guide to Sell Your House Without Real Estate Agent Fees
- Prepare Your House for Sale
First, prepare your...more
If you are getting ready to sell your home you are most likely trying to research the most profitable way of doing so. Without doing some research, the first thing that comes to the top of your head is most likely to sell by owner to avoid real estate fees. You will most likely end up with the most cash at the end of the process.
Just like most things, there are benefits and downfalls. That may not be what you are wanting to hear but it is important to understand what you are dealing with before making a decision. Selling your home is a big decision, and sometimes not an option, so if you are trying to figure out what is the best steps to take here are some for sale by owner pros and cons.more
Are you having trouble selling your property? Have you inherited a property from your family and have no plans to use it? Or are you tired of the constant repair and maintenance of your broken down house? No matter what the case is, we, at DCI Properties, will buy all unwanted or trouble properties—no hassles, no hidden conditions, no fees and no extra paperwork.
Often times, in present day society, we see a large amount of properties being left unused and unwanted. There might be a variety of reasons for this but most commonly this is because of inheritance or lack of value of the house. You may end up with a property that your family owned which may not have much value in the market today or a bad real estate decision on your part may have led to this situation.
And it’s difficult to sell a house or property in this type of scenario. But at DCI Properties, we will guarantee that all your unwanted and troublesome properties will be bought by us, regardless of the state and situation of the house.
In other cases, financial hardship and the impending fate of...more