The Pros and Cons of Selling Your House to A Direct Buyer in Philadelphia

Selling Your House To A Direct Buyer in Philadelphia

Selling Your House to A Direct Buyer

Most people know what a real estate agent is and have pre-determined ideas or experiences about what they do for you as a seller. On the other hand, some sellers might not know what to expect when working with a professional cash home buyer in Philadelphia, Pennsylvania. Sellers can expect an experienced homebuyer to provide simple, stress-free transactions. Many homeowners are selecting to sell their homes using cash home buyers. There are hundreds of companies claiming to buy your home for cash. But how do you know who the right ones are? Also, there are ways to decide if selling your home through this process is your best option. Here are some pros and cons of selling your house to a direct buyer in Philadelphia. {Selling Your House To A Direct Buyer in Philadelphia}

The Pros and Cons of Selling Your House to A Direct Buyer in Philadelphia

Pro – Straightforward Closings

In Philadelphia, Pennsylvania, direct buyers close faster than traditional home buyers and usually pay total cash. Conventional mortgage loan usually requires qualifications from banks, mortgage underwriting time, and property inspection time, and the buyer may not qualify. Usually, no commissions are paid to a buyer’s or seller’s agent, meaning thousands of dollars in savings. This may also cause you to waste valuable time waiting for an outcome. Most on-market home sales will generally be between a three to twelve-month process. Direct buyers also may not charge transaction fees; if they do, they are deficient compared to the commission or closing costs you would have to pay otherwise. They also provide mail-away conclusions, which are beautiful for out-of-state owners.

Con – Below Market Offers

One of the buyers’ biggest complaints about working with direct property buyers in Philadelphia is that the offers are usually below market, but this is for a good reason! The buyer is taking on a considerable risk by purchasing your house as-is, for your home may be more damaged than you realize! You never know what is wrong with your home until the walls come down. Once the house is opened up, you may notice more damage than expected, making a simple project very costly. Plus, you won’t spend any money on commissions or holding costs. 

Pro – Purchasing Homes As-Is

Direct buyers in Pennsylvania will usually purchase homes as-is. As a seller, you do not have to worry about repairs before closing or any other additional expenses you were not planning on. Some companies do not require inspections, making it a genuinely as-is transaction. Often, if you sell your home on the market, are you being asked by the buyer to make costly house repairs. Delaying, if not almost canceling, the sale of your home. No one wants to be stuck where they continually make repairs to their home, leaving them with virtually no profit when selling their home. Many homeowners make the intelligent choice of selling your house to a direct buyer in Philadelphia.

Pro – Lower Risk Transactions

Selling to a professional home buyer is exceptionally straightforward. They will lay out every step of the process and usually have shortened, specific contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information or if they think the facts were misconstrued. Direct buyers know the property’s state and are willing to take on that risk.

Pro – No Showings

When you decide to use a cash home buyer in Philadelphia, Pennsylvania, you will not worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case of a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.

Pro – Move Out Time

Direct buyers are in it for investment purposes. They are not expecting to move into the home on closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave. You can pack the items and furniture you want to keep and leave the rest. These companies try to make it as straightforward as possible for homeowners when they sell. Most of the time, clutter may build up if you live in the home for an extended period. You are making for a complicated move if you have tons of belongings. Leave what you do not want to bring, and Buying Property 215 will clean out the rest. We buy houses in Philadelphia!

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Give us a call or send us a message to learn more about selling your house to a cash buyer in Philadelphia! (215-359-6090)

Selling a Home to a Direct Buyer in Philadelphia | Buying Property 215
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