“What Are My Options On How To Sell My House Fast In Philadelphia?”
Homeowners in Philadelphia who want to sell their home quickly need to know how to sell my house fast in Philadelphia…
If you own a home and you’re, wondering, “how do I sell my house fast in Philadelphia,” this blog post is a quick tutorial on your available options, and how you decide which choice is right for you. Instead of wasting valuable time and money on guessing the right path to choose.
The speed of selling your home comes down to three main factors:
1. How long you’re willing to take to sell your house
2. How much you’re willing to spend to sell your house
3. How much you’re asking for your house
Option #1: What Is Your Timeline?
The first factor is: how long are you willing to take to sell your house? Most people think of selling their home the traditional way, listing through an agent. If you are wondering how long it may take to close on your house. The standard method of selling can take 3 to 6 months (sometimes longer, depending on market conditions). So if you have a lot of time and are not in any rush, this might be a good option. Many people who are looking to sell their house in Philadelphia are looking to get it done quickly. Most agents do not tell you the true time it may take for them to get your house sold from start to finish. Once you and the agent have agreed on a starting price point, it still takes time to get the right offer made on your home. When you put your home on the market, don’t be surprised if you receive quite a few lowball offers. These are the people who constantly make low offers in hopes they will by luck get a home at a low price. Typically you may wait just over a month for the right offer to come in on your home. From there, it is another two to three-month process to make a settlement on the house.
However, many homeowners don’t want to wait that long. Usually, people sell because they need to move and they don’t always have 3 to 6 months (or longer) to wait for a sale. Most of the time these sellers are extremely motivated to make settlements as soon as possible. At this point, you may be wondering, “how to sell my house fast in Philadelphia?”
Option #2: How Much Do You Want To Spend?
How much does it cost to sell a house? Most people are surprised by this question because they don’t realize that they have to spend money to sell their homes. Still, if you sell the traditional way, there are two times that you have to spend money: before you list when you renovate your property to get it ready to sell; and after you sell, when you pay your real estate agent a commission for selling the property. Both of these can cost THOUSANDS of dollars. Once you have found a potential buyer for your home, they will request an inspection of the house (they are very strict on what passes). It may seem as if the inspector is intentionally looking for problems in your home. Then you have to make these repairs or agree with the buyer to lower the sales price. Either way, you are losing out money as a homeowner. Then when the final amount comes back for the closing cost, transfer tax, and associated fees. The total price in fees could total 10% of your total sales price.
Not all homeowners are comfortable SPENDING all that money to SELL their house. If you’re a homeowner who would prefer to keep more in your pocket, you have another option: you can sell your house direct to a home buyer like us at Buying Property 215. We buy houses as-is and take care of all costs (and there are no fees or commissions).
Option #3: Selling Price
Some homeowners believe that the market price for their house will be high, so they’re willing to wait and gamble and see if a buyer will purchase it for that price. When a buyer is eventually found, they MIGHT offer more, the same, or less than the asking price. Plenty of buyers who actually come in at an insanely high offer do not end up closing on the home. It is either because their lender will not approve the loan for such a high amount. Or they begin to think over time about how it was not a good idea to come in with such a high number. Leaving you to possibly start from the beginning
But not all homeowners like the “unknown” of this gamble. They don’t want to wait months in the hopes that someone will offer what they’re asking. They subscribe to the saying, “a bird in the hand is worth two in the bush”, meaning that they’d instead work with a home buyer – even one who might offer slightly less than a market price – in order to know EXACTLY how much they can get for their house right this very instant.
If you’re a homeowner and you’re wondering, “How to sell my house fast in Philadelphia?” it comes down to these three factors that will determine whether you’re willing to list or sell right now. If you do not want to deal with the hassle of selling your home this route. Then you should look into selling your home using a cash home buyer in Philadelphia. Buying Property 215 is a local real estate inventory with an A-plus rating from the BBB. With years of experience in purchasing homes in 21 days.