There are two major ways to sell your Edmonton house, On-Market or Off-Market. On Market means that you are selling your house on the MLS with a realtor, Off Market typically means there is no realtor involved and you are selling your Edmonton house directly to an individual or business. This page will help you decide which is best for you.
Keep Scrolling to see our house sale Comparison Chart, as well as more comparisons about Speed of Closing, Repairs & Cleaning Required, and Closing Fees
Keep Scrolling to see a comparison of selling your house to a “We Buy Houses” business like YEG Home Buyers vs listing with a real estate agent!
Speed of Closing – Compared
Most Edmonton house buyers on the market / MLS will be using bank financing* to buy your house. This means that both the buyer and the house need to pass the banks criteria to get the loan. This means these offers will typically have at least a 2 week conditional period on them (this is how long it takes the bank to decide whether to approve the loan or not), and why they often fall through (the bank won’t usually fund houses that are in rough condition). In comparison, Edmonton house buying businesses use short term financing from companies such as Calvert to fund their purchases, or in some cases they will partner with local investors to pay cash. Either way, these options allow Edmonton house buying businesses to get financing approved in a matter of hours to days instead of weeks.
“Shoutout to John for handling our sale so effortlessly while we were in another city during the transaction. We also appreciated the strong communication, and everything he did behind the scenes for us as well so our first home sale could be an enjoyable one!“
Kyle S – Belmont, Edmonton, AB ⭐⭐⭐⭐⭐
Repairs, & Cleaning – Compared
Many of the Edmonton house buyers you will find on the MLS / “On-Market” will be regular people (couples, families, etc) who are looking to move into the house right away without needing to do any work on it. This means that if the house requires significant repairs or cleaning, your realtor will likely ask you to get down to work fixing it up and getting it clean for showings. If you don’t, then items that need to be repaired will be flagged during the home inspection* In contrast, Edmonton house buying businesses such as YEG Home Buyers specialize in performing renovations & fixing places up – this is why we buy houses “as is” and would still like to make an offer on your house!
Closing fees – Compared
Selling with a real estate agent will require you to pay a fee to both the buying and selling Realtor. Typically the total fee in Edmonton is based on the sale price, and is 7% of the first $100,000 and 3% of the remaining sale price above and beyond that. So if you sell your house for $400,000 on market, the fee would likely be ($7,000+$9,000) = $16,000 plus tax coming out of the sale price of your house, so you’d be at $384,000 before looking at lawyer fees and the other closing costs. If you sell directly there will be your lawyer and our lawyer involved, but no realtors. Therefore selling directly does not involve realtor fees, and in some cases we will cover all closing/lawyer fees as well if necessary. Therefore, what we offer you is what you get (of course minus any mortgage payoff or other encumbrances on the house).
See for yourself and get a fair all-cash offer on your house today.
Just fill out the short form below or give us a call at (780) 619-0629 and let’s chat! Our process is simple and you can close on the date of your choice. You have nothing to lose by getting an offer (no obligations – no pressure). But you could potentially lose thousands of dollars or months of your time by not testing us out and requesting your FREE Edmonton house offer below.
*An inspection condition provides the Edmonton home buyer time to hire a professional house inspector who will take a look at the major parts of the house (foundation, plumbing, electrical, structure, roof, etc) to see if there are repairs required. If there are, the buyer will typically ask that you fix these items or they will lower their offer or back out of the sale. The financing condition gives the buyer a chance to back out of the purchase if they can’t get approval from the bank or if the house is in too rough of condition for the bank to finance (banks don’t like fixer-uppers). At YEG Home Buyers we do not use bank financing, so you don’t have to worry about whether or not we can close the deal. Additionally we do not include inspection conditions since we typically plan on renovating your Edmonton house anyways so are not concerned that the house requires work. You will notice our offer will not have any inspection or financing conditions on it.
“It was a speed thing, we wanted to sell fast so we saw your number and thought hey, why don’t we call these people and see what they offer for the house. We didn’t have any hesitations about the process, we were offered a price that was in the ballpark of what we wanted. Overall it went well.”
Tom W – Parkview, Edmonton, AB ⭐⭐⭐⭐⭐