Selling your house in a flooded market can feel challenging. Philadelphia is a hot market right now, and there are ways for you to get your home sold. When an abundance of properties is listed, it can be challenging to stand out among the crowd. Everyone is trying to sell right now and cash in on the gains made in equity due to rising home prices and low-interest rates on their next home. Additionally, as the rise in unemployment steadily increases and mortgage forbearance comes to an end, more housing will be coming online. Eventually, this will lead to a correction in housing values as supply begins to outpace demand. Read on to learn these five ways to sell your Philadelphia house in a flooded market.
Staging a home allows buyers to envision themselves living in the property quickly. This is achieved by using neutral tones and eliminating personal belongings and clutter. People tend to stick to white as the primary color in the home to help the new potential buyer incision the house the way they want. In most homes sold by professionals, they will stage the home with furniture and then paint every wall in the home white. Hiring a professional for the best possible presentation is one way to sell your Philadelphia house in a flooded market. For added measure, some homeowners follow the ancient Chinese philosophy of feng shui. By following specific rules regarding the placement of items in the home, the energy flow in the house, or the chi, is improved.
Offering prospective buyers the bonus of owner financing is a creative way to sell Philadelphia houses in a flooded market. This usually involves a large down payment and a contract with a specified period, generally shorter than conventional loans. Typically, the purchase price of the home can be set above the current market value because the fee is charged at the agreed-upon price for a future purchase. This type of financing usually carries a higher interest rate as well. Should the buyer default, the seller will keep all the monies collected to date because you retain full ownership of the property until the completion of the contract.
Using advanced marketing techniques is another way to sell your Philadelphia house in a flooded market. Because so many homeowners now advertise on the internet, you’ll need to ensure that you take advantage of the top-rated sites and pay for more exposure, skipping the flooded sites that list homes without charge. Additionally, to compete, invest in professional photography for an outstanding image gallery and provide 360-degree virtual tours filmed by experienced drone pilots. Since the Pandemic hit the United States of America, virtual tours have become more of the norm. People are closing and viewing homes entirely virtually.
While networking can take time, it is a great way to sell your Philadelphia house in a flooded market. You will want to connect with buyers through professionals in the real estate industry. By surrounding yourself with a great team, you can instantly increase your contacts. There are also very active investment clubs with regular virtual and in-person meetings. You might also want to consider attending conventions and social media meetings to build your network.
Sell Directly to Buying Property 215
Wary of the possibility of your house lingering on the market? Whether you list your home on your own or sell with a real estate agent, there is no guarantee of if or when your house will ever close. With so many properties listed, the quickest and easiest way to sell your Philadelphia house in a flooded market is to sell directly to Buying Property 215. Why lose time waiting for a closing that never happens because your buyer’s financing falls through while you continue pouring more money into your property? Do you dread the headaches and hassles of the showing process? If you face time restrictions, don’t want to invest even more into your property, or just want to simplify selling your Philadelphia house, send us a message call 215-359-6090 today!