Selling With a Philly Real Estate Agent vs. Selling to A Local Investor

Selling With a Philadelphia Real Estate Agent vs. Selling To A Local Investor

Philly Real Estate Agent vs. Selling To A Local Investor

Do you need to sell your house fast in Philadelphia? You must understand the multiple options available to you. There is more than just one way to sell your Philly home. In this blog post, we will dive into two of the most popular ways of selling property, so you can decide which selling option will be right for you selling with a Philly real estate agent vs. selling to a local investor!

{We’re Buying Property 215, a family-owned real estate company accredited by the Better Business Bureau with an A+ rating and 5-star Google reviews!}

Hiring A Philly Real Estate Agent

The Money

You likely know you will have to pay your agent a 5-6% commission if they can successfully sell your house in Philadelphia. However, several other costs will come into play when listing your home for sale. It’s essential to review each expense before deciding to utilize a licensed realtor or contacting a cash home buyer!

  • Marketing – Many home sellers want or need to utilize real estate marketing that goes beyond the scope of their agent. This can be professional photography, virtual tours, advertisement costs, or premium listings.
  • House Repairs – Even if your house is in great shape, there will likely be something that will need fixing. Whether it is a new coat of paint, replacing a leaky faucet, or patching a hole in the wall, these repairs will add up fast. The traditional route of selling with an agent requires extensive inspections to complete the sale.
  • Staging – When you list your home, you will want it to look its best. This means you should take some time to hide away the clutter and decorate it in a warm and inviting fashion. Whether or not you hire a professional stager in Philadelphia, making the house pretty can cost a pretty penny.
  • Holding Costs – The holding costs include property taxes, homeowners’ insurance, utility bills, and home maintenance. These costs don’t stop when you list your house. Keeping your home in tip-top shape can increase your holding costs!
  • Closing Costs – As a home seller, you usually pay around 2% of the final sale price toward your closing costs. This two percent does not include the gain tax or agent’s commission.
  • Cleaning – The house will need to be kept clean before you list and while on the market in-between showings. Many people opt to have it cleaned professionally before it is listed, maintaining the home while it is listed. It will help if you consider professional carpet cleaning, power washing, yard clean-up, and hauling expenses.

That said, working with an agent has the potential to receive the highest price possible. Still, it also comes with many stipulations and requirements, which can be unappealing for most property sellers. Just be sure you have deducted all the overhead costs to ensure that listing with an agent in Pennsylvania makes sense!

The Time

When you hire an agent to help you sell your house in Philadelphia, they will shoulder a good portion of the effort into selling. That said, the process will also require some of your time and effort. For example, you will likely have to spend time…

  • Keeping the property clean and ready for those last-minute showings
  • Making repairs and home upgrades to the property before it hits the MLS
  • Marketing the property on sites other than the MLS
  • Vacating the property and making it available when someone requests to see it
  • Waiting patiently for an offer, hoping you will get close to your asking price
  • Reviewing offers from potential buyers hoping they’re qualified
  • Negotiating with potential buyers
  • Waiting for the escrow process to be completed
  • Dealing with inspectors and appraisers

The worst part is that you could go through all of the above, only to have the sale fall through at the last minute. If you’ve spent any time shopping for homes in the past, you’ll often see properties go pending, only to be relisted when the funding falls through, which is entirely undesirable for any seller.

The Unknown

The most challenging part of selling your house with an agent in Pennsylvania is the unknown. You won’t know if you will get your asking price, when, or if your improvements will provide returns. Not only is this stressful, but it also makes it difficult for you to plan.

Selling To An Investor

The Money

It’s no secret that when you sell your house to an investor in Philadelphia, the sale price will not usually be as high as retail. That said, the amount you can save will make up for it. Most direct buyers, including Buying Property 215, purchase houses as-is, which means there are no repair costs to worry about. You will also not have to pay commissions, closing costs, or extended closing costs.

  • No repairs or inspections necessary!
  • Pay no closing costs, commissions, or other fees.

The Time

In most cases, we can close in just two weeks, potentially saving you a fortune in holding costs. You won’t have to do a thing other than pack up the items you wish to keep. We will handle everything else, including any items you want to leave behind. Working with Buying Property 215 will help you “sell my house” in less time, offering you convenience and the top cash offer!

  • We can close on a time frame best suited to satisfy the seller’s needs. Usually within three weeks or multiple months if necessary!

When you consider the time and the money involved with working with a Philly real estate agent vs. selling to a local investor, your idea of how to most efficiently sell your house may change! We’re here to make a complicated process as simple as possible; allow us to eliminate the headache of selling a home! Our notable reputation in assisting sellers speaks for itself!

Learn more about selling your house with a Pennsylvania real estate agent vs. selling your home to a trusted, local investor! Give us a call or send us a message today! [215-359-6090]

Buying Property 215

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