5 Costs You May Not Be Aware of When Selling Your House in Philadelphia

Selling Your House in Philadelphia

Thinking about selling your house in Philadelphia? Traditional home sales carry several expenses, some of which you may not have taken into consideration. No matter if you select to work with a licensed realtor or sell on your own, you’re likely to run into all of these expenses. We will explore five costs you may not be aware of when selling your house in Philadelphia!

Commissions and Fees

Along with the traditional commissions that real estate agents charge, there may also be fees charged for the brokerage real estate services and other costs associated with using an agent. Even if you sell on your own, a buyer is likely to be working with an agent, who will take the commission from your profits. These commissions and fees can run into the thousands and are something you may not be aware of when selling your house in Philadelphia

Marketing

Marketing is what listing is all about and while yard signs may bring in buyers, the internet is the new highway that brings buyers to your door. Besides the inconveniences of showings, successful real estate marketing comes with costs you may not be aware of when selling your house in Philadelphia. In order to compete, online listings require high quality photographs, submitted by a professional photographer. This may also include the services of a professional drone pilot for virtual tours given today’s high demand for this feature on listings.

Repairs

Conducting home maintenance to achieve desired selling condition may be one of the highest and most stressful costs you may not know when selling your house in Philadelphia. When the last thing you want to do as a seller is to invest even money into the house, this is just what you may end up having to do. Inspections can deliver some costly news, especially in older homes. Structural issues, foundation, or even plumbing problems can run into thousands of dollars. Any known issues with the home must be disclosed. If you can’t afford the repairs, be ready to deduct the costs from your asking price. 

Holding Costs

Holding onto a property that is lingering on the market carries costs you may not be aware of when selling your house in Philadelphia. One delay could be caused by your buyer being denied financing. If you’ve moved forward with plans and relocated, holding the property is a burden and adds greatly to the listing costs to expect when selling your house in Philadelphia. Now, to avoid them there is another option which provides a quick house sale, with a definite closing date and firm offer from Buying Property 215

Closing Costs

Closing costs for the seller are also costs you may not be aware of when selling your house in Philadelphia. While some of these costs may be negotiated in the contract, you’ll be responsible for items such as the transfer tax and title insurance, there are also escrow and closing fees along with any HOA fees, attorney fees, and prorated property taxes. Some sellers also sweeten the deal to attract cash home buyers by paying a credit towards the closing costs

You could be facing a small fortune in costs that you may not be aware of when selling your house in Philadelphia. Why not avoid the listing costs you’d normally expect to pay by selling to Buying Property 215 instead? With a direct sale to Buying Property 215 closings are quick, usually within 21 days or less and you don’t need to worry about house repairs. Buying Property 215 takes on the risks, when you’re selling a house as is in PA. Buying Property 215 even pays all of the closing costs. Send us a message or call us at [215-359-6090] today to find out more! (A+ Rating by the Better Business Bureau & 5-star Google Reviews)

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