Frequently Asked Questions

cash home buyers calgary

We're a hassle-free option for homeowners looking to sell their house. Rather than signing complicated paperwork, paying upfront costs to sell your property, and navigating these challenges alone, Cashyn Homes offers direct support and a highly effective process that saves you time and money!

In real estate, a conditional period refers to the timeframe during which a home is listed as "sold conditionally" after a prospective seller and a buyer have agreed to the terms of a contract and other factors such as sale price, closing date, contingencies, and more. This period usually lasts around five working days and allows the buyer to fulfil conditions such as financing, appraisal, inspection, and sales of the purchaser's property.

Does Cashyn charge fees?

There are ZERO costs when you sell to Cashyn Homes. We will even cover your legal fees, if you choose to work with our preferred lawyer. Historically we have been able to save homeowners >$10,000 on every deal. You may now be asking how we make money? Well, we get paid when the project is complete (selling the property after upgrades) or we will charge a fee to our investors for the project if we turnkey it to them.

What does it mean to sell your home for cash?

This puzzles a lot of sellers. We do not literally bring you a 'bag' of cash. All of our transactions are completed through lawyers with wire transfers or bank drafts. This proves to be beneficial for a seller because we do not have to wait for banks to finance the purchase. Instead, all of our purchases are made with a team of investors, meaning the money is available in full when you agree to sell. This allows us to close very quickly on your property and in many cases we can buy your property in under 7 days. As a seller you will not have to worry about offers falling through either (unlike listing with a realtor on the market). A sad fact is that over 70% of the offers on your market-listed house fall through because the buyer did not have the financing in place. Cashyn Homes eliminates this worry and can be an excellent option for you, especially if time is not on your side.

Are repairs required to sell my home?

The short answer is no, you do not need to upgrade your property. We will buy any house in any condition in Calgary, AB. We typically do a full remodel on your property, which requires us to strip everything down to bare bones anyway. So as long as the house is structurely sound we can make it work. This can take a huge amount of stress off you and put a lot more money in your pocket!

Are closing dates flexible?

We have the flexibility to close on your timeline! Whether it's 7 days, 30 days or even 6 months, we can make it work. This is because our investors pick up a lot of inventory so we can line up projects for the present day or in the future. In fact if we are purchasing your property for a development opportunity we prefer 3-6 months closing so builders can get permits lined up. If we are purchasing your property for a remodel/flip we can move very fast and get you the money within 7 days.

Does Cashyn need to view my property?

In unique cases we may not even need to view your property to purchase it. CRAZY HEY!? But for us it really comes down to the numbers. If we are purchasing a property without viewing it first we will require that you send us pictures and give us a full description. If we do need to view the property we usually can do this the same day you call or whenever is convenient for you. We may need to walk our investors through the property so you will only MAX need to show us your property 2 times before we can buy it.

How quickly can you close? 

We have closed as quickly as 24hrs! You choose your closing date.  
The average timeframe for a cash buyer to close on a property is typically 3-4 weeks, but it can be expedited based on your specific situation.

Do I need a lawyer and why?

The lawyer's role is to ensure that the necessary legal checks are made to ensure a clear title to the property and that property taxes are up-to-date. We can connect you with trusted legal professionals that represent your interests throughout the transaction and ensure that the sale is seamless.

Can I sell my home if I am in foreclosure?

If you are facing foreclosure, you may still be able to sell your home privately. However, it is important to note that selling your property during foreclosure can be a complex process with legal implications. The most important thing before heading into foreclosure is to reach out for a cash offer. This way you can mitigate the loss and potentially save your credit rating.

What is a conditional period?

In real estate, a conditional period refers to the timeframe during which a home is listed as "sold conditionally" after a prospective seller and a buyer have agreed to the terms of a contract and other factors such as sale price, closing date, contingencies, and more. This period usually lasts around five working days and allows the buyer to fulfill conditions such as financing, appraisal, inspection, and sales of the purchaser's property.  

Can I see my home with tenants living there?

In real estate, a conditional period refers to the timeframe during which a home is listed as "sold conditionally" after a prospective seller and a buyer have agreed to the terms of a contract and other factors such as sale price, closing date, contingencies, and more. This period usually lasts around five working days and allows the buyer to fulfill conditions such as financing, appraisal, inspection, and sales of the purchaser's property.  

When do I get paid?

Generally, sellers receive their home sale proceeds on the same day that they close the deal with the buyer. However, the exact time it takes to receive payment can vary depending on factors such as location and whether the sale is cash or mortgage-financed.

Can I sell my house with a lien on it?

Yes, it is possible to sell a house with a lien on it in Canada. However, the lien must be addressed and cleared before the sale can be finalized. If you discover there is a lien on your property, you may wish to speak to a real estate lawyer to help you navigate the process of clearing the lien before selling the house. Homeowners have various payment options to clear the title, such as paying the debt upfront, negotiating the debt, disputing debt errors, and working the payoff into the sale proceeds. It is important to note that different types of liens may have different requirements for clearance, and legal advice may be necessary to ensure all requirements are met.

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