Ways to Sell Your House in Philadelphia
Do you need to sell your house in Philadelphia? When most people consider selling their home, they immediately picture calling a real estate agent and listing their home on the MLS. However, this is not always the most beneficial ways to sell your home. There are many factors to consider, such as how much time you have available to realize your asking price on the market and if your home fits the preferences that buyers seek in homes today. If not, you also need to consider everything it will take to get your Philadelphia home ready to put on the market. We’ll discuss four unconventional ways to sell your house in Philadelphia.
Owner financing is a lucrative yet unconventional way to sell your house in Philadelphia. This method of home sales opens your property up to an entirely different pool of buyers with less than perfect credit who are willing to pay a higher price for the ability to enjoy homeownership while getting their creditworthiness in order. You have the driver’s seat in this deal, setting a higher sales price for providing the opportunity and taking the risk that the market rises higher, and they are buying at a great price when the option expires in two or three years. You also carry risks. If the buyers fail to gain financing, you’ll deal with legal battles while paying the mortgage payments.
Rent with an Option
Renting the home with a contract for an option to buy at the end of a given period, typically two years is a very creative, unconventional way to sell your house in Philadelphia. Sellers can charge a more significant upfront deposit towards the down payment and add more to the rent as credit towards building a larger down payment over time. Again, you can also set a premium on the final sales price with this method. Because the renters can leave at the end of the contract, they may damage the home or take proper preventative home maintenance steps. Before you sell your home again, the house may be facing severe repair bills.
One more unconventional way for you to sell your house in Philadelphia is an FSBO listing or for sale by the owner. This home sales method is attractive to homeowners who avoid paying high real estate commissions. Regrettably, only about 10 percent of FSBO sellers are successful and have wasted valuable time with their property lingering on the Philadelphia real estate market. Often this is because of inexperience with real estate marketing and dealing with the negotiations without injecting personal emotions. Homes that have been on the market for a long time rarely sell at current market values.
Direct sales to a company like [Buying Property 215] are additional unconventional ways to sell your house in Philadelphia, with which most homeowners are unfamiliar. Professional buyers have the power of cash supporting them, meaning that closing is only mere days or weeks away. An experienced buyer will take the time to listen to your needs and compare what you would likely receive from a conventional sale with a real estate agent to compare your options. With no hoops of listing to jump through, no showings, and no inspections to pass, a direct sale means your house will sell as-is. A professional buyer like those at [Buying Property 215] handles everything for you. You don’t even have to clean before you leave. You can even pick the closing date.
Benefits of Choosing Buying Property 215
We’re Buying Property 215; our company consists of two brothers passionate about real estate, our city, and helping individuals relieve themselves of disfavored circumstances. Whether it’s a family residing in a property that requires significant repairs or facing foreclosure, we’re here to assist to our best ability! Over the years, we’ve encountered any situation or obstacle when buying or selling property, so there’s never an issue that we cannot face and conquer! Our company is straightforward; we believe in making the home selling process as simple as possible. We offer two options to each homeowner; the traditional route of listing your property on the market with our licensed agent to maximize profit on a home sale, or the quick house sale option, which requires zero repairs or updates; this approach is fast and proposes an all-cash offer! We believe in presenting our clients with real estate comps similar to their property within a quarter mile for the homeowner to understand their home’s value fully. Our process is simple; once we agree upon the proper number to purchase the house, we will complete a brief two-page sale agreement. Next, Buying Property 215 will submit the contract of sale to a licensed title company to begin the title search process. The title search is the procedure by which the existing mortgage receives a pay-off, and the state/city documents are satisfied. The title company typically sets a closing date between one week and three weeks, although we work on a time frame best fit for the seller’s needs! We purchase single-family houses, multi-family properties, vacant lots, and mix-use buildings. Don’t hesitate to contact us if you are interested in receiving a no-obligation all-cash offer on your property!