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How Much Cash for Houses in Philly Can You Get?
If you’re thinking about selling your house, here’s how much money you can get
Sellers are asking about cash for houses in Philly – they want to know how much they will get if they sell their homes. If you’re thinking of selling and wondering how much you might get, this blog post will help to answer that question.
An Important Definition
Since this blog post will be read by people all over Philadelphia (and surrounding areas), with various prices reflected throughout the area, it isn’t easy to write about a specific dollar figure. However, here’s an important concept that will help you understand how much people pay cash for houses in Philly…
On The Market: When a house is sold “on the market,” it’s usually listed by a licensed realtor and sold after several potential buyers have seen the property and at least one has made an offer. Houses sold on the market will often be sold for approximately the same amount as other similar homes. This is called “market price.” Selling property on the market has requirements, inspections, and fees!
Off The Market: When a house is sold “off the market,” the homeowner has decided to sell their home directly to a real estate investor instead of listing their home using an agent. Houses sold off the market will often be sold slightly less than their market price, “below market price.” Selling a house off the market can be a quick sale, typically within three weeks. A cash home sale requires the homeowner to sell their home without making any repairs or updates. Lastly, when a homeowner decides to sell a house directly to an investor, the seller does not have to be agent commissions or any other associated fees!
At Buying Property 215, we are reputable cash home buyers who purchase houses. To learn more about what we do & additional details about our family-owned real estate company, click here to fill out the form or call us now at [215-359-6090]
You might be reading this and asking, “why would anyone accept below market price and less cash for houses in Philly than others?”
That’s a good question, but there’s more to the story:
- Selling on the market usually means selling it to someone who will choose to live in the house. They’re buying the home for themselves and their family. But when you sell off the market, you’re often selling to a company that might be investing in your house to turn it into a rental property or renovate and sell it.
- Selling on the market usually means the buyer needs financing. In a private sale, selling off the market often means that a professional home-buying company is willing to pay cash for houses in Philly. (That’s why some people prefer to sell off the market – they don’t want to wait for the seller to get financing; they want to know they’ve sold the house right away).
- Selling on the market costs money… sometimes a lot of money. If your house needs renovations and house repairs, you usually have to spend money fixing your home before you sell it on the market. However, when you sell it off the market, such as to a company like us at Buying Property 215, you may be able to sell your house as-is – saving the money (and the time and hassle).
- Selling on the market through real estate agencies will often result in commissions and fees to the agent for their work to “sell my house.” But selling off the market to a home buying company like Buying Property 215 usually means no commissions, fees, or closing costs.
How much can you get for your home? Selling on the market may mean you sell your house for more money, but it takes longer and costs more; selling off the market may mean you sell your home for below market price, but it’s faster, and there are no expenses or fees.
So, how much will sellers get in cash for houses in Philly? It depends on how you sell – on the market or off the market… and that is determined by how quickly you want to sell and how much time and money you’re willing to invest in selling.
We pay cash for houses in Philadelphia, and we’d like to make a no-obligation offer on yours. Click here to fill out the form or call our office right now at [215-359-6090]
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