Costs of Selling Your Philadelphia House with an Agent Vs. to an Investor

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Selling Your House | Agent Vs. Investor

The decision to “sell my home” is a big one. Now that you’re ready to sell, you must consider your chosen method to sell your home. While most homeowners first thought is to call a licensed realtor, why not consider the alternative of selling to a professional home investor, like those at Buying Property 215. Real estate all comes down to the numbers, so it is helpful to understand the differences in the costs between selling your Philadelphia house with an agent versus an investor. {Costs of selling your house with an agent vs. directly to an investor}

Agent

Marketing expenses for selling your Philadelphia house with an agent are part of the listing contract. They outline all of the agent’s steps towards selling the home, which vary significantly by property.

Listing costs will include anything you must do to prepare to sell your Philadelphia house with an agent. These listing costs could consist of simple cleaning to be ready for showings, significant home upgrades to the home’s interior, appliances, or more. Often, an agent will recommend sellers invest in renovations modernizing the features of a home to meet the demands of technology. Other amenities they may suggest space for two home offices or even the addition of a study area for school-aged children. 

Repairs for any issues with the house will come out of pocket before closing. If the inspection revealed problems with your home that you were previously unaware of, you would also have to pay to complete these house repairs. Otherwise, the lender will not approve the loan in many cases. Alternatively, you can expect the buyers to respond with their estimated costs for these repairs deducted from the offer. Avoiding this surprise can be achieved by hiring an inspector.

Staging expenses cover the cost to depersonalize the space, which enhances selling your Philadelphia house with an agent. In addition, buyers who tour the home can easily imagine themselves occupying a home free of personal items or showing a distinct personal taste in decor. You may also encounter storage costs to clear your home of excess belongings.

Before signing the contract, advertising expenses should be discussed and agreed upon when selling your Pennsylvania house with an agent. These costs include professional photography for the high-quality image’s buyers have come to expect as they search listings online and experienced drone pilots to provide 360-degree virtual tours.

Commissions are paid for professional services provided, including real estate marketing, paperwork, arranging for inspections, appraisals, and doing all of the footwork to bring a buyer to the door and finally the closing table when selling your Philadelphia house with an agent. You can expect to pay a total of around 6 percent of the sales price in commission. 

Holding costs for the duration you have listed your Philly house with an agent can quickly add up, especially if you have had to relocate. Suppose your reasons for selling are financial. In that case, the longer the listing lingers on the market, the more monthly payments for the mortgage, insurance, taxes, and all of the utilities you will continue to carry. The strain of this situation can cause restless nights and extreme stress for your entire family.

Investor

An investor has none of these expenses! And because investors pay cash and buy your house as-is in most cases, you can close fast, sometimes in a matter of days! Selling directly to an investor eliminates inspections and contingencies from the equation; selling property becomes quick and straightforward! Most of the time, investors purchase property with intentions of remodeling the entire house, so there’s never a need for repairs or updates by the seller. Investors buying a home with squatters or homes in foreclosure, we’ve faced any obstacle imaginable involving purchasing and selling property. Also. we purchase various zoned properties; single-family houses, multi-family homes, vacant land, and mixed-use buildings!

With little closing time to worry about, it is easy to see how selling your Philadelphia house to an investor like the professionals at Buying Property 215 saves you time and money! Ready to sell your Philadelphia house? Call us at [215-359-6090] or send us a message today! {The Better Business Bureau accredited Buying Property 215 with an A+ rating!}

Step 1

Contact Us

We research the details of your home and start crafting an excellent offer for you.

Step 2

Get Your Offer

We present you with a fair cash offer without obligation and fees.

Step 3

Get Paid

Get the cash you need now. You do NOT have to wait 6 – 12 months to get your house sold.

Ryan Bullock (Co-owner of Buying Property 215)
Ian Bullock (Co-owner of Buying Property 215)
Buying Property 215 Customer Review
Buying Property 215 | Customer Review
Buying Property 215

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