Do you have to sell your house if someone offers asking price?

Home sellers aren’t obligated to accept any offer on their home—no matter how much money it’s for. You’re under no obligation to agree to an offer on the home you’re selling, even if it meets your asking price. If you turn down a full-price offer, you may still have to pay your agent, depending on the contract.

Why would a seller prefer a cash offer on a house?

Why Do Sellers Prefer Cash Buyers? One reason sellers prefer cash buyers is because deals can often close faster when you don’t need to get a lender involved. But the primary reason sellers prefer cash buyers is because there is a lower probability of the deal being delayed or falling apart when buyers use all cash.

Can you refuse a full price offer?

Agreed-to and signed property purchase agreements between buyers and sellers are considered legal contracts. However, in California and most every other state property sellers can refuse even ‘clean’ full-price offers devoid of any buyer contingencies.

Can a home seller turn down a full price offer?

Home sellers are free to reject or counter even a contingency-free, full-price offer, and aren’t bound to any terms until they sign a written real estate purchase agreement.

Can you take your house off the market if you change your mind?

If you change your mind as a home seller, can you take your house off the market without any major drawbacks? You can take your house off the market at any time, as long as you’re not under contract with a buyer. That’s fortunate news for sellers.

What happens when you sell a house in Canada?

Sellers are likely to lose money on extra fees Much like buying a house, selling can be costly. Both buyers and sellers have to hire a realtor, real estate lawyer and pay taxes. Those who sell their house must pay land transfer taxes, legal costs, realtor services and other associated selling costs.

Is it hard to sell a house in Canada this year?

Sales in Quebec and New Brunswick, for example, were well above average. But many Canadians who need to sell a house this year will likely meet unfamiliar market conditions — those of a slow-moving housing market. Real estate agents, meanwhile, are dusting off their playbook from a decade ago, before the housing craze began.

How did Canada’s housing market perform in December 2019?

Canada’s housing market witnessed a record-breaking December as home sales reached close to 40 thousand, or more than 40\% more than the previous record. Home prices across the nation reached an average of $607,280, a 18\% increase versus Dec. 2019.

Should you buy or sell your house first in Toronto?

“I typically recommend that people sell first, in particular if their home is priced above $1 million,” John Pasalis, president of Toronto real estate brokerage Realosophy Realty, told Global News via email.

When is the best time to buy a house in Canada?

Many people believe the best time to put their home on the market is somewhere between March and June. That’s understandable since the spring is when most buyers start house hunting, said Romana King, director of content at Zolo.ca, an online real estate marketplace.