How Much Does It Cost to Sell Your House in Philadelphia?

How Much Does It Cost To Sell Your House In Philadelphia?

Sell Your House in Philadelphia

Do you know how much it cost to sell your house in Philadelphia? When working with a real estate agent, there can be many costs that home sellers aren’t always aware of. Before signing a listing agreement with a Philadelphia real estate agent, ensure you are aware of the expenses you will likely face! 

Many people aren’t prepared for what is required of them when trying to sell a house with a Philadelphia real estate agent. Numerous costs, time commitments, and exhausting activities into selling your home the traditional way. Below, we will look at what it costs to sell your house with an agent in Philadelphia versus what it costs to sell your house directly to a professional buyer. You can get an offer from our team to plug in the numbers for your property and determine which way of selling your house in Philadelphia is right for you! Mainly everyone’s goal when selling their home should be to profit as much as possible from the sale. When selling your home, we are using the proceeds to purchase another. The amount you walk with could seriously affect where you move.

Hiring An Agent In Philadelphia

Commissions

When you hire a real estate agent in Philadelphia to help you sell your house, you’ll be faced with commission costs when the home sells. These costs can significantly blow a seller’s profits as the average commission runs around 6% of the final sale price. Let’s say you sell your house for $150,000. You’ll have to immediately fork over $9,000k to your agent, not including all the other costs and fees. Usually, when selling your home, you must expect to pay around 10% of the sales price in fees and expenses. That is a massive change when selling—taking plenty of profit from your home sale.

Closing Costs

Closing costs include transfer taxes, recording fees, and other miscellaneous costs. When you work with an agent to sell your house in Philadelphia, you can expect to spend about 2% of the final sale price on closing costs. So again, if your home sells for $150.000, you’ll be on the hook for another $3,000. When you sell your house directly to Buying Property 215, we’ll take care of all the closing costs, eliminating many of the fees and expenses that home sellers often face.

Repairs

Depending on your property, your repair costs can total up to a small fortune. You may make repairs before listing them, only to have them snowball into significant expenses. In many cases, you may have to make even more repairs after the inspection period. Many home buyers will try to negotiate after the inspector has been through, asking you to make the needed repairs or by issuing a credit or discount on the price of the home. Home maintenance is the most significant part of keeping up with if you decide to sell your home. Spending time working on a few projects a year could help you stay ahead of the curve.

Holding Costs

Many people don’t realize how much it costs to own a home. As a homeowner, you deal with property taxes, homeowners insurance, and utility bills. The bills can get pretty high if your home is older and not energy-efficient. You’ll also have to contend with the continued maintenance, repair costs, and expenses required to keep the house ready for property showings. If your home sits on the MLS for a long time, your holding costs can add up! But when you sell your house directly to Buying Property 215, we can close on your property, free and clear, in only a few days.

Marketing Expenses

Marketing costs when selling your house the traditional way are no joke. Depending on your agent, you may be spending a lot of money to market the house on your own. You may need premium listings, professional signage, or photography to showcase your property in its best light. Don’t assume that your marketing costs will be covered by hiring an agent. Every agent is different, and you may spend more than you think to sell your house fast in Philadelphia.

Selling Your House Directly

On the other hand, selling your house directly to Buying Property 215 won’t cost you a thing. While not every buyer works the same way, selling your home to our team will free you of any costs or fees. You won’t have to worry about making repairs, cleaning up, or having to wait around for a buyer to come along. There are no commissions, agent fees, or marketing costs. You will be able to sell your house fast in Philadelphia, free and clear, once and for all! Philadelphia is a huge city and is continuously growing. Selling your home in Philadelphia should be a straightforward process.

Before you sell your house in Philadelphia, you need to know precisely what it will cost you. Many home sellers are blindsided by costs and fees they weren’t expecting when they work with a local real estate agent. Before you sign a listing agreement, look at what we can do for you. A direct sale may be your solution for your house in the Philadelphia area! However, you won’t know for sure until you get a no-obligation offer from our team!

If you want to sell your house in Philadelphia without any of the costs or waiting, contact us today to find out what we can do for you! 215-359-6090

Buying Property 215

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