If you’ve been following along with us here at Sweetly, you know we offer a sweeter real estate process. But what does that actually mean? We serve both buyers and sellers, but in this post you’ll learn all about how Sweetly makes the selling process easier for our clients. We buy houses, but there’s more that goes into it than just a single written cheque.
Like any real estate agency, we work with our clients to get the best price for their home. When we buy a house, our offer is based on several factors:
1. Home Evaluation
First, an evaluation must be done of your home. This can be done by an inspector of your choosing or by one of our agents. To get a jump start on the process, we also have a form for sellers to complete giving general details about the property. This allows our realtors to get a ball-park estimate of the market value of a home, though no official offer is placed until a professional evaluation is complete.
2. Market Comparisons
After the evaluation, our team looks at comparable properties in the area to determine the current value of the home. All unique and desirable features are factored into the market value. If we provide an offer that you deem unfair, we are open to your reasoning and will work with you on an offer that makes both parties happy!
3. Sweetly Takes Over
Once the market value of your home is determined, we make you an initial payment that represents 75% of the current expected market value.
Upon acceptance of this offer and the sale, our team takes over and prepares the home for sale. Because we aren’t moving into your home, you have the freedom to choose a closing date anytime within a 45-day window of accepting our offer. That means no big moving rush or waiting for finances to go through on the buyer’s part. Then, we work to resell your home to a permanent buyer!
Upon resale of your home, we deduct our service fee and send the remaining balance back to you for your second payment.
How a Sweetly Sale Benefits Clients
The biggest benefit to our clients is that you can have your home sold within days without having to list your home for sale. You don’t have to prep your house for public showings, meet with multiple potential buyers, or wait to put an offer in on your new home. With our system, you receive a 75% market-value offer to allow you the funds for your next downpayment or to cover moving costs. Then, once sold, you receive another cheque for the remainder of the amount sold, less our fee.
What Sweetly is NOT
Some sellers can be a bit leery of our model of real estate because there are other look-a-like programs that aren’t as fair and straightforward.
What is an iBuyer?
Although at first glance our process may seem similar to that of increasingly-prevalent iBuyers, there are some very real and stark differences.
iBuyers are real estate investors or companies that offer quick cash purchases on homes via the Internet. iBuyers typically use virtual data points and systems to determine the best offer, and will often buy homes sight unseen. The goal of an iBuyer is to turn a profit on the property, so they typically offer a lower amount with the intention of flipping a home or trying to resell it at a higher price point.
How Sweetly is Different
Sweetly’s model of real estate is very different than that of iBuyers. Our profit comes from our fee, not from the resale value of the home. You are given the total amount of the sale of your home minus our fee and any legal fees you accrue. iBuyers purchase your home for one price: if they turn around and sell it at a 30% gain, they pocket that 30%, not the previous owner (you).
What is a Guaranteed Sale program?
A Guaranteed Sale is a marketing tool used by agents to acquire your listing. You sign a contract to list your home for a set period of time. After that period, if the home has not sold, the brokerage will purchase the property from you. However, once the brokerage buys the property, if they sell it for more than you had listed the home, they keep all of the profits.
How Sweetly is Different
At Sweetly, you don’t need to list your property at all. We give you a clean offer and an actual sale. Plus, you receive your fair share of the profits less only our fee!
How to Get Started
Ready to sell your home the Sweetly way? To get started, head to our seller’s page and fill out the property information form. Or, if you’ve had a recent appraisal, you can submit that via email and be on your way to a quick offer!
Sweetly Real Estate is different than other real estate companies. You have real control over how you want your real estate process to look.
With us you can 'sell Sweetly', ask for traditional representation, or simply have us post your home but remain For Sale By Owner. With our experienced staff, you are truly in the best hands for a top-notch Edmonton real estate process.