For many Americans, owning a home is an important rite of passage. But it’s not necessarily an easily accessible one. Even if you do manage to buy property to call your own, that doesn’t mean you’ll always be able to afford it.
Whether you’re facing job loss, divorce, a family death, or a mountain of medical bills, it’s all too easy to fall behind on your mortgage payments. Unfortunately, becoming delinquent on mortgage payments can put your family at risk for foreclosure. You’ll want to do everything you can to stop that process or to walk away relatively unscathed.
You might be ready to move onto a new job or to sell a piece of property that belonged to a deceased family member. Alternatively, you might just be eager to get cash for your home and start anew as best you can. Regardless of your unique situation, your main goal is probably to sell your home as quickly as possible and obtain as much cash for your home as you can.
You might assume that listing your Philadelphia home on the real estate market is the best course of action. While this is a common way to sell a home, particularly if you don’t feel comfortable handling the details of a sale yourself, it’s not the only option. What’s more, selling your home in this traditional way can actually be detrimental to you if you need to quickly resolve a financial issue or you want to be rid of a property quickly. Let’s take a closer look at some of the reasons why you might want to refrain from contacting a real estate agent and work with home investors Philadelphia residents trust instead.
The Drawbacks of Listing Your Home on the Real Estate Market
- You’ll have to fix up your home first: You might not realize how much work your home really needs to appeal to house buyers in your area. If there are major repairs that need to be made, like new roof installation or furnace replacement, you’re going to have to make them before you list (or else risk a lower offer). You’ll also need to improve the home’s curb appeal, clear out the clutter, and stage the home for both listings and open houses. That may require a substantial financial investment. While you may be able to recoup some of that investment in the final sales price, there’s no guarantee that’ll happen. And if you’re in a tough financial spot already, you may simply not have the funds to fix up your home first. Fortunately, you can get cash for your home in its as-is condition when you work with home investors.
- The sales process is slow: Fixing up a home prior to a sale can take quite a bit of time (which you probably don’t have). But even once you do that, the sales process itself can take a long time. Even under the best of conditions, it takes around 65 days on average to sell a home. This can keep you from being able to find housing in the meantime or prohibit you from moving forward in your personal and professional endeavors. Dealing with open houses, showings, and negotiations can be incredibly time-consuming. But when you work with an investor, you can get the ball rolling as soon as you want. The sale itself happens much more quickly, allowing you to walk away with a clean slate in record time.
- Potential sales might fall through: It’s also important to know that selling your home in a traditional manner can come with a lot of disappointment. Buyers may make an offer that is contingent upon a home inspection; if they find something major, they might walk away from the sale. Sales can fall through for other reasons as well, including financing or other sales terms. That can force you to begin the entire process all over again, wasting even more time and money. If you know that you want to move on with your life and get cash for your home as soon as possible, working with an investor is a sure-fire way to accomplish your goals without any unforeseen delays.
Philadelphia Home Investors Can Help More Than Real Estate Agents
Real estate agents are viewed as a trusted source of information, but they aren’t necessarily the best professionals to contact when you need to sell your home in a matter of days. They have the incentive to ensure your home is fixed up and appeals to a wide variety of buyers. While that’s smart, it doesn’t necessarily help your timeline.
If your main goals are to sell your home quickly and walk away with cash in-hand, working with home investors is the best option. We’ll extend an offer for cash for your home after a quick assessment. From there, you can choose to accept the offer — and if you do, we’ll get right to work on making the sale happen quickly. You won’t have to deal with repairs, delays, or bumps along the way. Instead, we’ll speed up the process and ensure you can move forward with your life and in better financial shape.
For more information or to get started on selling your home, please contact us today.