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Questions About Selling Unwanted Property!
Maybe you have a few questions about selling a vacant property. That’s okay; most people do. So, here’s a collection of some of the questions people ask us, along with our answers. Of course, if you still have a question on how to get rid of unwanted property or vacant property, don’t hesitate to contact us (or call us), and we’ll happily answer it.
- We purchase property as is: no repairs, renovations, or cleanouts are necessary.
- No inspections, walkthroughs, or showings.
- Pay no fees or commissions.
- Receive the highest offer!
- Close within 14 to 21 days.
- Buying Property 215 is accredited with an A+ rating and 5-star Google reviews.
Q: Will you list my house on the MLS or buy it?
A: Great question. We’re not real estate agents, and we don’t list houses. Instead, we are the top cash property buyers that meet our purchasing criteria. From there, we may repair the home, resell it to another homeowner, or rent it.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are roughly at market value. We are looking for a fair property price to cover the construction costs.
However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close expeditiously (no waiting for financing), and no time, effort, or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in selling your house, let’s see if we can create a fair, win-win price.
(Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give, but it’s good to know what we’re offering when you’re selling a vacant property or when you sell house in any condition.)
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Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book. Our process is very straightforward.
Investors use various methods to value a house, including comparative market analysis (CMA), income capitalization, overall repair cost, and market data approaches. They also consider the house’s condition, location, and appreciation potential.
The CMA approach compares the house to similar houses recently sold in the area (usually a tenth of a mile to a quarter-mile radius.) This helps to determine the house’s appropriate market value based on recent sales of comparable properties.
The income capitalization approach estimates the house’s value based on the steady income the property can generate. This is useful for rental properties, as it considers the potential rental income and expenses.
The cost approach estimates the house’s value based on today’s construction cost. This is useful for places different from those in the area, such as custom-built homes.
The market data approach estimates the house’s value based on the prices of similar homes recently sold in the area. This is the most common approach real estate investors use, as it reasonably estimates the house’s fair market value.
The house’s condition, location, and appreciation potential are also essential in determining its value. A home in good condition in a desirable area with high appreciation potential will be worth more than a house in poor condition in a less desirable location with low appreciation potential.
Investors will typically use a combination of these methods to value a house. The plans will vary depending on the place and the investor’s goals.
Q: Are there any fees or commissions to work with you?
A: This makes us stand out from the traditional selling method: There are NO fees or commissions when you sell your residence to BP 215. We’ll make you an offer, and if it’s a fit, we’ll buy your home (and we’ll often pay for the closing costs, too!).
No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking risks here on whether we can sell it for a profit or not; once we buy the house from you, the responsibility is ours, and you walk away without the burden of the property and its payments.
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope someone will buy them. The agent shows the unwanted property to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then takes a percentage of the sale price if they find a buyer. Often, the agent’s commission is 3-6% of the sale price when selling a house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent).
Agents provide an excellent service for those who can wait 6-12 months to sell and don’t mind giving up some of that sale price to pay for the commissions on the unwanted property. But that’s where we’re different: We’re not agents but cash property buyers. Our company buys houses. We don’t list places. Since we’re buying the house from you and paying with all cash, we can decide to buy your home within a couple of days (sometimes the same day).
Again, we make our living by taking the risk to buy the house with our cash, repair the home, and market it ourselves to find a qualified end buyer (which is the hard part in this market).
Q: Is there any obligation when I submit my info?
A: There is zero obligation for you. Once you tell us about your unwanted property, we’ll look at things, maybe set up a call to find out more, and make you an all-cash offer that’s fair for you and suitable. From there, it’s 100% your decision on whether or not it’ll be worth selling a house to us, and we won’t hassle you or harass you; we’ll let you decide what’s right for you.
Issues With Owning a Vacant House
Owning a vacant house can come with various challenges and issues; some of these issues are minor, while other challenges are severe and can even cost you money and other resources. The issues that come with vacant property include:
- Security Concerns: Vacant properties have more significant risks of break-ins, theft, vandalism, and unauthorized occupation/squatting. Maintaining proper home security can be a considerable concern.
- Property Deterioration: Lack of regular and consistent home maintenance can lead to the property falling apart. Issues like mold, water damage, foundation problems, and pest infestations may happen.
- Legal and Insurance Challenges: Some insurance policies may restrict coverage for vacant homes, and local regulations may require maintenance standards. Not following these laws/rules could lead to legal complications.
- Neighborhood Impact/Safety: Vacant homes can negatively affect the neighborhood and property values. They may attract unwanted or illegal activities, potentially burdening the community.
- Financial Problems: Property taxes, utility bills, and maintenance costs can become giant money issues for the owner of a vacant house. Finding good tenants or selling the property may become hard.
- Decreased Market Value: Long-term vacancies may result in a declined market value for the property. Buyers may be hesitant due to concerns about the condition of the house and its integrity.
Taking care of these issues often requires quick solutions such as regular maintenance, proper security, and staying informed about local regulations and insurance policies.
How to Get Rid of Unwanted Property Quickly
When it is time for you to sell that unwanted property, you may be looking for a way how to get rid of unwanted property or vacant home. Buying Property 215 is an expert at buying homes people no longer use.
We cannot prepare ourselves for what life may throw at us. If you happen to acquire a house from a loved one, it may make sense to sell the home if you have no use for it. We have purchased homes from people all over the city and counties just looking to get rid of that home. The best way to do so is by selling to a company with cash to buy it from you and avoiding all the real estate fees associated with a traditional sale.
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Learn The Pros and Cons Of Selling A Vacant Property To a Local Professional Home Buyer– FREE Guide:
Download our FREE guide here. Or, you can always feel free to contact us anytime if you have questions, want a hassle Situation Evaluation, or would like to learn more about how to help homeowners sell an unwanted property for cash.
Get the FREE Guide and then call us at [215-359-6090], and we’ll discuss what your home is worth and how we buy any house with our Cash Offer Program.
Sell a Vacant House – Sell Unwanted Property
When It’s Time to Sell A Vacant House? Tips When Selling An Empty House!
Is it time to sell a vacant house? Think to yourself, is it costing me money sitting on it? It is sure you pay taxes on it and everything else you purchase. Especially that unwanted property! As long as that home sits there, you become a potential victim of vandals. Wildlife eventually becomes a factor, and no one wants trees growing through the roof; trust me, we’ve seen it before. Even if the home doesn’t bother you, it might affect some of the neighbors in the area. Every township and city has code enforcement that searches for places to slap a hefty ticket for overgrown weeds.
You can always contact Buying Property 215 & let us take that property off your hands. Make sure you know when it’s time to sell a vacant house & how simple it is when you’re selling an empty home.
Tips When Selling An Empty House
Do you own a vacant property in Pennsylvania? If you have a home, sit there. It may be time to consider selling a vacant property. There are currently about 17,019,726 homes just sitting empty in the United States. There are 700,000 homes in the city of Philadelphia.
We cannot control what happens to us in life. If we lose our job or a loved one, our home becomes too much to maintain. No matter what it is, that may cause a house to deteriorate. Buying Property 215 has seen it all when it comes time to sell an empty home.
Sell Vacant House
First, you must find the right person to purchase it. If the house requires too many repairs, you will not be heading to an agent to do the job. The second is, are you the only owner? Believe it or not, a home sits vacant often because the property was a parent’s home with more than one child; it was never clear who the house was left to when they were deceased.
The third & final thing to keep in mind is knowing what potential your property may have after rehabbing. That way, in case you plan to fix it up yourself. However, if you want to sell an empty house or unwanted vacant property, contact Buying Property 215!
Call us at (215-359-6090)