Should I Sell My House to a Cash Buyer in Ontario?
Should I sell my house to a cash buyer? Let’s just be honest, get it out in the open, as they say. There is a stigma in the air surrounding this question r which most homeowners experience. The stigma states that if you sell your home to a cash house buyer, you will not make any money. This idea or notion is false and in the article below, we will show you how you can, in fact, make money when you're selling to a cash buyer.
What is a Cash House Buyer and How Do They Help Homeowners
A professional and legitimate cash house buyer is someone who is licensed and eligible to offer you an all-cash offer for your home. Cash house buyers are not subject to lenders, banks, or loan officers. They use private capital to purchase your home for cash. It’s because of these things that cash house buyers offer sellers the chance to close quickly on their homes and get money in their pocket much faster.
Each cash house buyer typically buys houses in specific areas. In this case, we, Lewis Brothers Properties, serve the GTA. More specifically, we buy houses in the Durham Region, York Region and Simcoe County.
Why Should You Consider Selling Your Home to a Cash House Buyer?
When the time is right and you decide you need to sell your home FAST, there are a few things for you to consider.
How fast do you want or need to sell your home?
How much work are you willing to put into your home?
How easy or stressful do you want the process to be?
And, how much money are you willing to spend on your house before it sells?
These are all questions that homeowners who need to sell their homes quickly need to answer before making any decisions. Let’s dive into each of these questions and answer why selling your home to a cash house buyer might be a great option for you.
Pros and Cons of Selling Your House for Cash
Before deciding to sell your house for cash, it’s important to understand both the advantages and potential drawbacks of this option to determine if it’s the right choice for your situation.
Pros of Selling a House
Quick Closing: Cash buyers can often close within days or weeks, helping you sell faster than traditional methods.
Sell As-Is: No need to spend time or money on repairs or updates—cash buyers purchase your home in its current condition.
No Commissions or Fees: Avoid realtor commissions and many typical closing costs, which means more money stays in your pocket.
Simplified Process: The cash transaction is straightforward, with fewer contingencies and less paperwork to navigate.
Cons of Selling a House
Potentially Lower Offers: Cash buyers may offer lower than what you’d get on the open market because they factor in repairs and resale costs.
Limited Buyer Pool: Selling for cash narrows your market to investors or specialized buyers, not all traditional homebuyers.
Less Negotiation Room: Offers from cash buyers are often firm and may leave little room for price negotiation.
Due Diligence Needed: It’s important to verify that the cash buyer is legitimate and trustworthy before proceeding.
Reasons to Sell Your House for Cash
Financial Strain and Mortgage Pressure: If mortgage payments or renewal costs are becoming overwhelming, a cash sale can provide immediate financial relief without the wait.
Urgent Need to Sell Quickly: Whether due to job relocation, divorce, or personal circumstances, many cash buyers can close fast, often in as little as 48 hours, helping you move on without delay.
Avoid Costly Repairs: If your home requires repairs or updates you can’t afford or don’t want to manage, selling as-is to a cash buyer means no renovations or inspections.
Inherited or Vacant Property: Managing an inherited home or an empty property can be stressful and expensive. Selling for cash simplifies the process and eliminates ongoing costs.
Burnout from Being a Landlord: If managing tenants and maintenance has become too much, a cash sale offers a clean break and freedom from property management.
Downsizing or Retirement: For those looking to simplify life or move into a more manageable living situation, cash offers provide a straightforward way to sell without complications.
Each of these situations calls for a fast, reliable, and stress-free solution. Selling your home for cash through Lewis Brothers Properties means you’ll work with trusted professionals who understand your needs and customize the process just for you.
How Fast Do You Want or Need to Sell Your Home?
Homeowners who find themselves in a situation where selling their homes fast can be very stressful. Timing has a big role here. If you need to sell your home quickly, a cash house buyer, like us, will always be your best option. Cash house buyers have the ability to close on houses quickly, typically in under 14 days. That means from first contact to close could literally be 2 weeks. Not 30-60 days like it is during the traditional sale process.
How Much Work are You Willing to Put Into Your Home Before Listing it on the MLS?
Before selling your home, most homeowners think that they need to start and complete major home renovations. If you are thinking of hiring a real estate professional and listing your home on the MLS, then yes, you will need to complete these renovations to get a top-dollar offer. This effort requires two things: time and money out of your pocket. Home renovation costs are skyrocketing right now. Can you afford to put $25,000+ down in home renovations before selling your home? Cash house buyers buy homes AS-IS, which means in the home's current shape. Cracked tiles, leaky roofs, outdated countertops and even broken plumbing. The cash offer that you receive from a cash house buyer will always be for what your home is currently worth. (Hint: this is a reason you will make money selling your home to a cash house buyer. More on that later ;))
How Easy or Stressful Do You Want the Selling Process to Be?
Another stigma that surrounds selling your home is that the process is long, tedious, inconvenient and stressful. When selling to a cash house buyer, NONE of those adjectives apply. If you want the process of selling your home to be quick, seamless and headache-free, selling your home to a cash house buyer is the perfect solution. It typically only takes the cash house buyer one walkthrough to make an offer. That offer can come as fast as 24 hours later. Once the offer has been accepted, the closing date is determined by the SELLER, not the buyer. If you need to close in 5 days, we can make that happen. If you need it to take a little bit longer, that’s completely understandable. The process of selling your home to a cash house buyer is quick and stress-free.
How Much Are You Willing to Spend on Your House Before it Sells?
This question is the breaking point for most homeowners. In order to get top-dollar offers for your home, you will need to complete, at a bare minimum, the essential home renovations. This is time and money you might not have to spare. The other major factor to consider is how much money you are going to waste paying your mortgage, utility bills and upkeep on a home you no longer want? Can you afford to pay 2-3 more months of bills while waiting for your house to sell on the market?
Common Questions when Selling Your Property for Cash
We understand that selling your home can feel overwhelming, and it’s natural to have questions or concerns. Here are answers to some of the most common worries homeowners have when considering selling to Lewis Brothers Properties:
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No. Lewis Brothers Properties respects your timeline and decisions. While we offer quick cash closings as an option, you choose the pace that works best for you, whether that’s in 48 hours or a few weeks. There is absolutely no pressure to rush or make decisions before you’re ready.
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You are under no obligation until you accept our cash offer and sign an agreement. If you decide not to proceed at any point before that, there are no penalties or fees. We want you to feel confident and in control throughout the entire process.
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Don and Rick Lewis have built Lewis Brothers Properties on a foundation of transparency, empathy, and professionalism. We are fully licensed, local experts serving the Durham, York, and Simcoe regions. We encourage you to review our Better Business Bureau (BBB) profile, read testimonials, and speak directly with our team. Our goal is to provide you with a straightforward, honest experience customized to your needs.
Will You Actually Make Money Selling Your Home to a Cash House Buyer?
The answer is yes. Maybe not in the traditional way you might be thinking about, however, there are ways you will absolutely make money when you sell your home to a cash house buyer. Here are some ways a seller will make money on their home. For this example, let’s use a home that is currently worth $450,000.
Save 5-6% by NOT paying any commissions. When you sell to a cash house buyer, you will never be required to pay a dollar in commissions or fees. That means you will save $27,000 in commissions.
You will not need to complete any home renovations. Renovations and repairs on average cost $15,000-$25,000. Even on the low end, you will save close to $15,000 by selling your home to a cash house buyer.
Save 1.5-4% in closing costs. There are no closing costs when you sell to a cash house buyer. Using our example, closing costs could be as high as $18,000. That’s money you save.
Home Equity. Let’s pretend you bought your house 20 years ago for $250,000. When a cash house buyer offers you $450,000, that offer is based on the home’s current condition and the market. So, in fact you will make $200,000 selling your home to a cash house buyer.
Could you get more for your home if you hired a realtor / real estate agent and listed it on the market? Possibly. But it is not a guarantee. Again, you will be required to put money into your home before listing it, and you will lose out on a lot of money paying commissions, fees and closing costs.
Process of Selling a House for Cash
Selling your house for cash is designed to be simple and straightforward, especially for homeowners facing stress or urgent needs. Here’s what you can expect when working with Lewis Brothers Properties
Initial Contact: Reach out by phone or online to share basic details about your property and situation. This helps us understand how we can best assist you.
Property Evaluation: We arrange a quick walkthrough—often within 24 hours—to assess your home’s condition. There’s no need for costly inspections or repairs on your part.
Cash Offer: Based on our evaluation and current market conditions in Durham, York, or Simcoe, we prepare a fair, no-obligation cash offer tailored to your home’s as-is value.
Review and Acceptance: You review the offer at your pace—no pressure. If it meets your needs, you accept and set the closing timeline that works best for you.
Closing: We handle all paperwork and coordinate the closing, which can happen as quickly as 48 hours or on a schedule you choose. Once complete, you receive your cash payment and move forward with peace of mind.
Throughout the real estate transaction, Don and Rick Lewis provide personal, attentive support, ensuring you feel informed and confident every step of the way. There are no hidden fees, commissions, or surprises—just a straightforward path to selling your home fast.
Why You Should Consider Selling to a Cash House Buyer
So, are you still asking yourself, "Should I sell my house to a cash buyer," and whether you will make money selling it? The answer is…. Yes, you will. Maybe not in the traditional way of thinking, but you will make money when you sell to a cash house buyer. Plus, the process is much smoother and will ultimately get money into your hands quicker.
If you live in the Durham Region, York Region or Simcoe County and you need to sell your home fast, we’d love to hear from you. If you’d rather talk to someone in our office, give us a call at 905-260-9779.
