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It happens for various reasons: divorce, employment layoff or relocation, or mortgage payments becoming too much to handle. Whatever the reason may be, you are now in the position of needing to sell your house fast for cash in Philadelphia.
You need, then, to market your house to people for whom buying a home with cash is the actual goal (not just tire kickers), get them in the door, and then close the deal. Understanding the process and how to get your house ready for sale may help.
How To Sell Your House Fast for Cash in Philadelphia
Generally, after locating a solid possibility, people purchasing a house for cash will want to make sure a purchase-and-sale agreement has been drawn up. Next, they will likely conduct a title search to ensure the title is clear, with no property liens or other encumbrances. And then they will want to know what kind of deed you are offering, for example, quit claim, warranty, or exceptional warranty.
The cash home buyers will make an offer if everything is in order. A buyer offering cash will feel they have more bargaining power because the sale doesn’t depend on a third-party loan and the inevitable wait. You can always make a counteroffer if the first offer doesn’t suit you!
If an offer is accepted, the person buying a house from you will then want an inspection and possibly an appraisal done to ensure there are no huge problems and that she is getting her money’s worth.
Since this is a cash deal, you and the buyer can set the closing date for a time convenient for both of you, usually much sooner with a cash deal. You show up at a notary’s office with a pen and cashier’s check.
Here are some steps you need to take before attempting to sell your house for cash.
Pricing your house right is probably the best step to making a fast sale for cash because it’s what gets people to consider your home in the first place. If your price is too low, buyers will think something is wrong with the house, and a too-high price may make it sit unsold for an extended period with the same result. It then pays to check out comparable house values in the area and price accordingly.
This creates that critical first impression and gets them to stop and enter the door. So sprucing up the yard and the house’s exterior is worth the time and expense involved. And it doesn’t take a lot – maybe just some lawn clean-up and minor landscaping, a little roof repair, touching up paint, and dressing windows.
It always pays to sweeten the deal to make it more attractive for buyers. The tried-and-true principle of reciprocity tells us that people are willing to give more (sale price) if they feel they are getting something in return (the deal sweeteners). For example, you could offer to pay some or all closing costs or provide a transferable home warranty covering major appliances and HVAC systems.
If you need to sell house fast and are looking for someone to buy your home, these tips and steps will help you close a cash deal. But there’s even more you can do to get a better cash offer and expedite the sale!
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