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Selling Your Property in Philadelphia
Selling your house doesn’t have to break the bank or be some complex process. There are many ways you can save money when successfully selling your property in Philadelphia. We have compiled a few of our favorite ideas in our latest blog post!
You might think selling your house in Philadelphia will be stressful, expensive, and complicated. However, it doesn’t have to be anywhere along those lines. You can save a fortune on selling your home by knowing a few helpful tips and tricks. Keep reading this article to learn more!
Sell Property As-Is
While it may not be the most popular property-selling route, selling a house as is in PA can save you a fortune on repairs and upgrades while eliminating months from the home selling process. You won’t have to deal with any costs or expenses getting it ready for the MLS. Selling the home as is removes the aspect of inspections and walkthroughs. There are many real estate investors out there who are searching for a house they can renovate for a profit. Buying Property 215 can act quickly and help you avoid repair costs, commissions, wasted time, and other agent fees. Other buyers are looking for a home of their own. They are willing to take on a house that needs some work to receive a lower final sale price. Our company can close within twenty-one days with no stipulations!
It would be best to work with a professional cash home buyer such as Buying Property 215. Because of the high volume of homeowners we work with, we can provide top-of-the-line offers and impeccable service. We know the process and have developed streamlined and efficient systems to help you sell your house fast! The Better Business Bureau accredits our family-owned company with an A+ rating and 5-star google reviews!
- Sell a house in its current condition: No repairs or updates necessary!
- Avoid showings, walkthroughs, and inspections.
- Zero fees, closing costs, and agent commissions!
- Close within twenty-one days if desired.
- A+ Rating Better Business Bureau & 5-star Google reviews!
Sell On Your Own (FSBO)
A “for sale by owner” listing or FSBO can be an excellent choice for some properties and situations. It can save you money and put you in control of the entire process. It’s similar to contacting a local real estate investor directly. However, there is a different essential aspect; this facet can be a double-edged sword. On the one hand, you’ll save on the commission and other agent expenses, but you will also be the one doing all the work. Answering questions, showing the property, marketing the house, and handling the paperwork will all be up to you. It can be a lot of work, especially for those without a real estate background.
In most cases, an FSBO can be risky and should only be handled by an individual with knowledge and prior experience! Why overcomplicate a simple process? Reach out to Buying Property 215 to receive a no-obligation top offer for your home!
Negotiate Realtor Commissions
If you decide to hire a Philly real estate agent to help you sell your home, determine what your costs will look like. Make sure you know what is included with your listing agreement, so you aren’t hit with surprise marketing fees or administrative costs after the fact. The standard realtor commission is 3% to the seller’s agent and 3% to the buyer’s agent, a total of six percent of the sale. Try to negotiate your commission to a lower rate if possible. There might be a hungry agent out there, confident they will be able to sell your house quickly so they won’t mind the lower commission. It’s crucial to keep in mind that the six percent agent commissions do not include the closing costs of roughly one to three percent of the sales and the gains tax from the proceeds of the sale. When the expenses are concluded, it’s equivalent to over ten percent of the property sale.
- 6% real estate agent commission.
- Doesn’t include closing costs, transfer tax, and gains tax.
Instead of spending your time and money updating an old kitchen before selling the house, consider offering buyers credit towards making renovations of their own. Not only will they appreciate the funds, but they will likely enjoy the fact that they can pick their finishes and design things as they wish. Remember, taste is subjective, and not everyone will agree with what you like. When you spend a fortune on renovations, you risk losing some buyers who may have been interested otherwise. Plus, construction costs can add up to more than the original estimates. If you choose to make the home upgrades, you risk going over budget.
DIY Where Possible
Do you have a great camera? Maybe you consider taking the listing photos on your own instead of paying hundreds or thousands to a professional photographer. Or perhaps you have a drone you could use to take some shots of your property from the air, which is becoming extremely popular. You could also choose to throw an open house, post your signs, or handle your online listings if it means a decrease in your commission costs. Save money any chance you get!
Ask any investor, and they will tell you that the longer you own a house, the more it will ultimately cost you. Holding costs add up monthly and can amount to thousands if your home sits on the real estate market for a while. Utility bills, homeowners insurance premiums, property taxes, cleaning costs, house repairs, regular maintenance, staging, and landscaping will add up quickly and become unbearable. When you sell your house directly to Buying Property 215, the entire process of selling can be completed in only a few short days. For many sellers in the Pennsylvania area, a direct sale can ultimately be the most lucrative way to sell. Receive the highest cash offer guaranteed!
When selling your property in Philadelphia, you can save money in many ways. Before you decide to list the home or spend any money making house repairs, let us help you determine which property selling method will ultimately put the most money in your pocket! Submit your information on the “contact us” link below or call (215-359-6090.)