Selling your home is a huge decision. You want to make sure that you get the best price for your house and sell it in a timely manner. Many people turn to real estate agents to help them with this process, but did you know that there are other options?
Cash home buyers are becoming more and more popular, and for a good reason. In this blog post, we will discuss the BIG benefits of selling to cash home buyers in Philadelphia.
How Cash Home Buyers Work in Philadelphia
Companies that buy houses in Philadelphia have become more popular for homeowners to sell to because they provide a fast and easy process. When you work with a cash home buyer, you won’t have to go through the hassle of listing your house on the market, waiting for someone to make an offer, and then going through the negotiation process. Instead, these companies will make you an offer on your house as-is. This means that you won’t have to make any repairs or updates to your home before selling it, which can save you a lot of time and money.
But you may be wondering who these “We buy houses in Pennsylvania” companies are? They are usually made up of a team of real estate investors who have the cash available to buy your house outright. These companies will then either fix up the house and sell it for a profit, or they will rent it out to tenants. They may also be a single real estate investor or a house flipper.
How Do Cash Sales Work in Philadelphia?
We’ve answered the question, “What is a cash home buyer?” Let’s discuss how a cash deal would work in Philadelphia.
When you work with a cash home buyer, you must first contact them and provide some basic information about your house. They will then send someone out to take a look at your house or schedule a time for a video walk-through. After they have had a chance to look at your house, they will make you an offer. If you accept their offer, they will then draw up a contract and close on the sale of your home. It’s that simple!
How Do You Know the Cash Home Buyer is Legitimate?
Unfortunately, there are house-buying scams out there. But you can protect yourself by doing your research and asking for proof of funds. A good way to start is by looking for reviews of the company online. You should also make sure that they are a member of the Better Business Bureau. Besides that, there are some other questions to ask when selling to a cash buyer that you’ll want to be prepared to ask.
Work with a Reputable Cash Home Buyer in Philadelphia
When you are ready to sell your house, it’s important to work with a reputable cash home buyer. Many companies will make you an offer on your house, but not all of them are legitimate. So you want to be sure that you are working with a reputable company that will give you a fair price for your house.
When you work with a cash home buyer, you can be sure that you get a fair price for your house. This is because these companies will take into account the condition of your house, the location, and the current market value of houses in your area. Therefore, you can be sure that you get a fair offer when working with a cash home buyer.
Should You Sell Your House to a Cash Home Buyer?
When it comes to selling your house, a few different options are available to you. You can sell it through a real estate agent, sell it to a cash home buyer, or try to sell it yourself. Each of these options has its own set of pros and cons.
Selling your house through a real estate agent is the most traditional way to sell a home. This option can take a while because you will need to list your house, wait for someone to make an offer, and then go through the negotiation process. This option can also be expensive because you will have to pay commissions and fees.
Selling your house yourself is another option that can save you money. But it can also be a lot of work. You will need to take care of all the marketing, showings, and paperwork yourself. This option can also take a while because you will need to find a buyer willing to pay your asking price.
The last option is to sell your house to cash home buyers in Aston, Chester, Jenkintown, or Springfield. Selling your house directly to a cash home buyer is a fast and easy way to sell your house. You won’t have to make any repairs or updates to your house, and you can close on the sale quickly. This option is also a great choice if you need to sell your home fast.
So, should you sell your house to a cash home buyer? It depends on your situation. If you need to sell your house fast and don’t want to make any repairs, then selling to a cash home buyer is a great option. On the other hand, if you are looking for the highest possible price for your house or are trying to sell a new home, selling through a real estate agent may be the best choice. Ultimately, the decision is up to you!
If you are considering selling your house to a cash home buyer, Problem Property Pals is a great choice. We are a locally-owned business that has been buying houses in the Philadelphia area since 2018. We are a member of the Better Business Bureau and have an A+ rating. We offer fair prices for houses in any condition and can close on the sale of your home in as little as two weeks. Contact us today to learn more!
The BIG Benefits of Cash Home Buyers in Philadelphia
If you’re still not sold by the idea of selling to a local cash home buyer, you’ll want to learn more about the BIG benefits. Here are six reasons to consider working with a cash home buyer in Philadelphia:
- No Unwanted Costs
Frankly, it can be expensive when it comes to home selling real estate. We’re talking about 11.7% or more of your home’s final sale price. To put those numbers into perspective, if you sell your home for $254,015 — the median home value in Pennsylvania — you’ll likely spend $29,719.
These common expenses include:
- closing costs
- property taxes
- realtor fees
- buyer incentives
- relocation expenses
Imagine if you own one of the most expensive home sales in PA; how much these unwanted costs could add up to.
If you were to sell to a cash home buyer, you would be able to avoid a lot of these unwanted costs.
- No Commissions or Realtor Fees
When you sell your house through a real estate agent, you will be responsible for paying the commissions and fees. A typical commission costs 5-6% of the final sale price. This can add up to thousands of dollars! However, when you sell your house to a cash home buyer, you won’t have to pay any commissions or fees. This means that you can keep more of the money from the sale of your house.
- Sell Your House on Your Schedule
When you sell your house to a cash home buyer, you can sell it on your own schedule. You won’t have to wait around for someone to make an offer, and you won’t have to go through the hassle of open houses and showings. You can decide when you want to close on the sale of your home. This is a great option if you need to sell your house quickly, especially if you’re approaching foreclosure, having trouble paying your mortgage payments, or nearing bankruptcy.
Do you know a traditional buyer that would do all that for a home seller? Not likely.
- You Have the Negotiating Power
When you sell your house to a cash home buyer, you have all of the negotiating power. You can decide how much you want for your house and when you want to close on the sale. This is a great option if you need to sell your home quickly and don’t want to deal with the hassle of repairs.
Selling your home to a cash buyer gives you the advantage. You are in control of the situation and can decide how much your home is worth and when you want to sell it.
When selling in a traditional home sale, usually the buyer has more negotiating power, especially if you need to sell and move quickly. You may take a price reduction or have to throw in buyer incentives to get your home sale past the finish line.
- You Can Sell Your House in Any Condition
Didn’t realize you have a leak in your roof that has caused rotting wood and water damage? Maybe you’ve noticed some foundation cracks and are concerned you have a foundation problem. Maybe your home hasn’t been updated in years and needs a new roof, paint, carpet, and appliances. When you sell your house to a cash home buyer, you can sell it in any condition. This is a great option if you don’t have the time or money to make repairs.
If you were to sell your home with a realtor or FSBO, you would be responsible for making all of the necessary repairs before listing your home. This could end up costing you thousands of dollars and take months to complete.
When you sell your house to a cash home buyer, you can sell it as-is. This means that you don’t have to make any repairs or updates before selling your house. This is a great option if you need to sell your home quickly and don’t have the time or money to make repairs.
- Cash Offers Are Solid Offers
When you receive a cash offer from a cash home buyer, you can be sure that the offer is solid. This is because cash buyers have their financing in place and are ready to close on the sale of your house, whether that’s within 7-days or several months.
Unlike a potential buyer, their offers may be contingent on the sale of their own home, getting approved by a mortgage lender, home inspections, home appraisal, or any other factors. As a result, any number of reasons may cause the contract to fall through and the buyer to back out of the sale. This is frustrating and can cause a lot of stress if you’re trying to sell your house quickly.
When you receive a cash offer from a cash home buyer, you can be sure that the offer is solid and that you will be able to have a faster closing on the sale of your house.
Selling your house to a cash buyer has many benefits, but ultimately it is up to the seller to decide if it is the right decision for them. If you are considering selling your house, be sure to do your research and understand all of the pros and cons before deciding.
For more information or to receive a no-obligation cash offer for your house, contact us today! We would be happy to answer any questions that you have.