In the booming real estate industry, having the right information and strategies is crucial for a successful sale. While navigating the real estate market can be a tad overwhelming, be rest assured, you can sell your house for cash in Philadelphia.
We’ve compiled practical tips from experienced real estate professionals to guide you through the process efficiently. Let’s kickstart your journey to selling your house fast.
Philadelphia stands out as a top-tier city with excellent housing options, making it one of the best places to find a suitable buyer. At WE BUY PHILLY HOMES, we bring over a decade of experience to help you confidently sell your house fast. By the end of this article, you’ll have the knowledge to proceed with your sales strategy and secure a fair cash offer.
“Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.”
-Russell Sage
Reasons why you may want to Sell your House For a fair cash offer
Do you want to move, are you facing a divorce, are you avoiding Foreclosure, do you want to rent it out, is the house inhabitable?
Is it downsized and can’t sell? Are you facing repairs that have ranged up to thousands of dollars? Or is selling the house a priority as you need to move for work? Perhaps it’s an unwanted house, a vacant property you own, or you are behind payment.
These are part of the reasons you may want to sell your home. Whatever the case is, you can get a good and fair offer to close your house sale on cash.
Strategic Processes To Follow Before Selling Your House.
Selling your house fast can be a challenging task, and homeowners often grapple with determining the right process to follow. Here are important steps to speed up the sale of your house.
1. Assess Market Conditions:
Understand the current real estate market in Philadelphia. Analyze trends, demand, and the competitive landscape to set realistic expectations for your sale.
2. Effective Pricing Strategy:
Set a competitive yet realistic price for your property. Consider recent sales in your neighbourhood, and consult with a real estate professional if needed.
3. Optimize Curb Appeal:
First impressions matter. Enhance your home’s curb appeal by addressing any exterior issues, maintaining landscaping, and ensuring the property looks inviting.
4. Declutter and Stage:
Create a clean and welcoming environment by decluttering your home. Consider professional staging to showcase the potential of each living space.
5. Professional Photography:
Invest in high-quality photos that highlight the best features of your home. Visual appeal is crucial in attracting potential buyers online.
6. Effective Marketing:
Leverage online platforms, social media, and traditional marketing channels to reach a wide audience. Highlight the unique selling points of your property.
7. Flexible Showing Schedule:
Accommodate potential buyers by maintaining a flexible showing schedule. Make your home accessible for viewings at various times.
8. Respond Promptly:
Be proactive in responding to inquiries and showing requests. A prompt response demonstrates your commitment to the selling process.
9. Consider Cash Offers:
Evaluate the benefits of accepting cash offers. Cash buyers often streamline the process, reducing the time it takes to close the sale.
10. Consult with Professionals:
Seek guidance from real estate professionals who specialize in facilitating fast and stress-free property transactions.
By implementing these strategic processes, you can significantly enhance the likelihood of a successful and swift sale, ensuring you get the best possible deal for your property in Philadelphia. If you find these steps overwhelming, consider reaching out to WE BUY PHILLY HOMES for expert assistance.
Steps to Sell My House Fast.
They are pretty many ways to sell a home quickly in Philadelphia; here are some of the proven ways to go about it:
List on the MLS:
If you want to quickly tap into the vast pool of potential buyers in the Philadelphia company of the real estate agent market, listing your property on MLS is the way to go. Doing so will make your property accessible to cash home buyers, iBuyers, and thousands of other potential buyers. When you list on MLS, your listing is syndicated to popular real estate websites like Realtor and Zillow.com, which maximizes your property’s exposure. Research has shown that homes listed on MLS typically sell faster and for 17% more than the asking price.
To increase your chances of a quick sale and stand out from the Philadelphia homeowners, it’s essential to have professional photographs of your property. Professionally photographed homes have been known to sell 32% faster on MLS. So, invest in high-quality pictures to make your listing more attractive to potential Philadelphia company house buyers.
Setting the Right Price for Your Home:
When selling your home, setting the right price can make all the difference. It’s a delicate balancing act between getting the best possible price and attracting potential buyers. But how do you know what the right price is?
To start, it’s essential to understand the value range of comparable homes in your local area and the home selling process. This will help you price your home aggressively, ensuring it stands out from the competition and attracts interested buyers of house fast Philadelphia. Remember that the type of property you’re selling and the property address will also impact its value range.
It’s important to note that the initial listing price is not set in stone. You can always negotiate with potential buyers and adjust the price as needed. However, the listing price plays a crucial role in driving traffic to your listing, so getting it right from the beginning is crucial.
Note that the listing price is not the same as the sales price. Its primary purpose is to attract potential buyers and the real estate market to your property and generate interest. With the right pricing strategy, you can sell your home quickly and get the best possible price.
Your buyer agent commission offer should be competitive:
87% of intended home buyers buy houses by hiring the service of an agent to purchase a new property; this is stated in NAR’s home buyers statistic. Naturally, an agent ensures your listing is picked when selling a house, driven by the substantial buyer’s commission. The best way to get buyers quickly for your listings on MLS is by making sure the commission you offer is significant. The buyer agents automatically work for you and ensure your house is sold fast in Philadelphia.
Depending on the property address, this commission is usually set to 2.5% to 3% in the US. Often. If your property is highly desirable and in demand, this also prevents you from paying much on commission.
Make sure you respond fast to offers, inquiries, and showings:
Are you looking to sell your house as quickly as possible? Then, you need to pay attention to the needs and requests of potential buyers. Ignoring or delaying their inquiries can drive them away from the sale. On the other hand, if you prioritize their requests and schedule showings at their convenience, you can speed up the process and sell your house faster.
But why stop there? With technology advancing at lightning speed, home selling has never been easier! You can now take advantage of high-tech mobile apps like Offer management systems to simplify the process and make your life much easier. So what are you waiting for? Embrace these innovative tools today and get ready to say goodbye to your old home in no time.
Mistakes people make while selling houses.
It’s always a challenging task to sell houses. The processes involved are found complicated by most individuals. They are an emotional attachment we often have to our houses, sometimes making it difficult for sales to go smoothly and successfully. Zillow Group Consumer Housing Trends Report 2021 says an average home seller is reported to have lived in their houses for over 14 years before a sales attempt or a successful sale.
As a result, some of the sales do not close smoothly. You can avoid these mistakes to make sales less emotional and stressful. Being in the process before, or it’s your first time selling. Knowing what you should look out for makes the whole difference. Below are mistakes you should totally avoid when selling your home:
Do not overprice your home.
Setting the right price for your house is crucial when selling your property. It’s the most significant factor determining whether you will sell my house fast or not. Moreover, it enables you to earn a fair and significant profit that you’ll be satisfied with. By listing your house at the appropriate price, you’ll attract potential buyers, generate interest, and ultimately sell your property without waiting too long.
Not knowing the time to sell
Selling your house at the right time can significantly affect the market price. According to recent statistics, the best time to sell a house in Philadelphia is typically in late spring, between April and June. During this period, the average home in the United States listed and sold for $15,000 more than the average home sold during other times of the year. This is an essential factor to keep in mind when researching the best time to sell your house in Philadelphia.
In addition to timing, the duration you’ve owned your house can also impact your tax liability. To avoid paying capital gains taxes on the sale of your primary residence, you must have lived in the house for at least two years in the last five years. This is an important consideration to remember when planning to sell your house in Philadelphia, as it can impact your net profit from the sale. By understanding these factors and working with a knowledgeable real estate agent, you can maximize your profit and sell your house quickly and efficiently.
Avoiding repairs in the home
When it comes to selling your home, it’s important to ensure that it’s in the best possible condition to attract potential buyers. Even small defects like loose doorknobs or a broken light switch can turn off buyers and make them question if there are more significant issues in the house. Therefore, addressing defects before listing your home for sale is crucial to make your property appear well-maintained and appealing.
According to a recent survey by Bankrate, 81% of homeowners completed at least one home improvement project in the past year. The survey also found that the most common projects included outdoor landscaping (37%), interior painting (32%), and kitchen and bathroom remodeling (27%). Furthermore, renovations and improvements sellers make to prepare for a sale can add significant value to the home, with a median return on investment of 63%. By making necessary improvements and repairs, you can increase the chances of selling your property quickly and at a desirable price.
Not caring about Prepping and Staging Your Home.
In today’s real estate market, the importance of prepping and staging your home cannot be overstated. Potential buyers make decisions based on what they see, and making a great first impression is essential. According to a recent National Association of Realtors survey, 83% of buyers’ agents stated that staging made it easier for their clients to visualize a property as their future home.
With the rise of technology, 3D virtual tours have become increasingly popular. The Zillow Group Consumer Housing Trends Report 2022 revealed that homes with a 3D tour were saved by users 50% more often than those without one. Additionally, 42% of buyers who used a 3D tour to view a home made an offer without visiting the property in person. Prepping and staging your home can significantly affect how buyers perceive it and even impact the selling price.
Market to Sell my House Philadelphia
Making sure everyone has an eye on your house and knowing it’s for sale is the quickest way to sell it. Make sure as many eyes as possible know your house is for sale.
List your house as an ad in the local newspaper.
Putting an ad in the local newspaper or their website helps you sell your home fast in Philadelphia.
Use Social Media Platforms
Remember those pictures you took to post on MLS? You can post these pictures too on your social media platforms like Facebook, Instagram, and YouTube. These platforms accept short walk-through videos to give the prospective buyer an insight into the house.
Instagram is the one social media platform perfect for pictures and has a lot of engagement. You should try it out.
Make sure everybody you know knows about it.
You never can tell who might be looking for a house like yours. Inform all your friends, colleagues, family, and relatives that your house is up for sale. Ask all those you talk to if they know anyone looking for a house to purchase in your area. Certainly, this will help you sell your home fast.
Costs Associated with selling a house.
They are certain expenses you should expect while on the journey of selling a home in Philadelphia. What sort of cost could that be? Closing cost PA noted that, typically, seller closing costs include:
- Title insurance policy buyer’s fee (This ranges from $500 to $1,500, depending on various factors)
- Commissions for agents (The standard commission rate is around 5% to 6% of the home’s selling price, and this amount is split between the seller’s agent and the buyer’s agent.)
- Fess for recording (These fees can vary widely based on the location and the specific document being recorded)
- Transfer taxes (4%- to be split between the seller and the buyer)
- Outstanding amounts owed on the property (This refers to any unpaid debts or financial obligations tied to the real estate)
- Fees for escrow (This are charges associated with the management and processing of funds and documents during a real estate transaction)
- Deed transfer tax (This is a tax imposed by some local or state governments when transferring property from one owner to another.)
The closing cost is roughly estimated as a percentage of the home selling price. The current median home listing price is around $225,000 in Philadelphia. For such a home, a seller should save $10,000 to $15,000 to cover the closing cost.
How to Sell my House fast in Philadelphia: Useful Tips.
If you’re looking to sell your home in Philadelphia area, you should keep a few things in mind to ensure a smooth and successful sale. One of the most important things to consider is the closing costs, which can vary from state to state. In Pennsylvania, for example, transfer taxes are split between the buyer and seller, with each party responsible for 2% of the transaction. This means that for a $200,000 home, the transfer taxes would amount to $2,000.
Another important factor to consider is the condition of your home’s sewer line. Due to the age of many homes in Philadelphia, sewer lines can often crack or become damaged over time. This can be caused by tree roots, among other things. It’s important to be aware of these issues and to disclose them to potential buyers, especially if the sewer line has recently been replaced. Being upfront about these issues can help potential buyers feel more confident in their purchase and avoid any complications during the inspection process.
In addition to these factors, working with knowledgeable and experienced real estate agents who can help you navigate the complexities of selling a home in Philadelphia is important. They can provide valuable insights into the local market and help you set a competitive price to attract potential buyers. With these tips, you can confidently and quickly sell your house in Philadelphia.
Sell my house for Cash: Home Buyers
You probably are unaware that there are buyers who make offers to buy your houses quickly with cash.
Now you are wondering, “Why do they buy houses alot?” they usually take the opportunity to close sales for a fair all cash offer, and they majorly buy for investment purposes and also look at the closing costs. This would allow you to sell your home faster without putting it on the market.
You might have an issue with this House buyer if you want to sell your house for the top offer. This is because these buyers do not offer the total market price.
This would not make sense to all home sellers, but for those who do not have enough time or energy to put their houses on the market or those who do not feel comfortable with strangers going through their homes and checking out all the stuff therein, this remains a perfect option for them to sell house.
We will love to discuss with you if you have a property sale in Philadelphia and give you a fair cash price for your property sale.
FAQ:
It’s OK for you to have some questions. Most people do. Below is a collection of the Frequently Asked Questions people ask on selling their home. If you still have questions not mentioned here, reach out to us and we’ll gladly answer your questions.
Q: How do I request a cash offer from a house sale?
A: All you need to do is to fill out the form on our website and tell us the home address or the house you wish to sell. And you will get a call from us in 24/hrs. You can also reach out to us for a request for an offer.
Q: What are the types of homes we buy?
A: We buy residential homes, condos, duplexes, multi-tenant buildings, and townhomes, regardless of their condition.
Q: I’m required to make any repairs to my house before a sale.
A: NO! You do not need to do anything. Not even to sweep the floor. You need not hire any contractor or carpet cleaners, nothing at all! We buy houses as-is, and you don’t have to worry about expensive repairs. We buy your homes in the exact conditions they are in right now.
Q: Do you need to list my home on the MLS if I sell with you?
A: We buy houses for cash, so your home does not have to be listed on MSL. Selling to us is an opportunity to avoid public listings and all the realtor services payments. However, if your request your house be listed on MSL with the involvement of a realtor, then we got you covered. We have sensitive, fully vetted, and qualified professionals to guide you through your sales no matter where you live.
Q: What is the process for selling my house to you?
A: We ensure your experience with us is simple and not intimidating. We negotiate prices with you even over the phone. We send a representative to come over to the property to check it out and ensure it is as-is when represented over the call. If all looks good, we. Make the purchase. And you get to have your money in a week or thereabout.
Q: What is the next process after I accept the Final cash offer?
A: once you accept the offer, the escrow process rolls in. We work to make it happen whenever you want to close the offer. The offer closing procedure is easy from there. We send the closing documents and notary rights to your office or home to be signed. Once that is done, our company sends you a payout check or wires you the money base on your preference.
Q: How is a 10-minute walk-through of the 3D virtual different from a traditional inspection?
A: Traditionally, inspection takes hours, and the inspector would consider every little detail, from the plumbing, water heater, crawl space, roof, foundation, basement, and more. They will peek into every nook and cranny of the house and even check your electronic appliances like the heating and air conditioning. The goal of such inspectors is to report back to the buyer, who now decides and negotiates the price and also requests you to fix the things reported to have had issues before closing the sale.
A 3D virtual walk-through requires non of this. ABSOLUTELY NONE OF IT. 3D walk-throughs are top-level. You only need to ensure that no major issues that could make the house unsellable. We want to make sure you get to sell as fast as possible.
Q: What are the determining factors of your price on my house?
A: We are determined to be transparent regarding our final offer price as possible. And that’s an excellent question. The current location and condition of the property are considered, as well as what repairs need to be done on the property.
Also, we consider the prices of similar homes listed or those already sold in your area. If you desire to learn the process we use, our team of professionals is ever ready to take you through a thorough breakdown of how we calculate and come about your final offer.
Q: Are your offers real?
A: The write-up here may not justify our answer, but Yes! We have track records of purchased houses, which we can present to you. We have fund proof and appropriate deposits with documentation. You should trust the documents. You need not take only our words for it.
Q: Do you inspect homes in person?
A: Yes, we conduct an onsite inspection within days before the signed agreement. This is to verify the home’s specifications as presented to us to ensure it’s in good condition and to identify possible repairs that need to be addressed. This appointment is coordinated with you, setting up a convenient time for you.
Sell House Fast Philadelphia – Final Thoughts
As you prepare to sell your house in Philadelphia, it’s essential to be aware of the common mistakes that sellers make. Avoiding these mistakes can help you sell your house quickly and for a reasonable price.
We’ve provided some tips to help you avoid these mistakes, such as pricing your house correctly, making necessary repairs and improvements, and properly staging your home. By following these tips, you’ll be on your way to a successful home sale.
However, we understand that selling a house can be overwhelming and stressful, even with the correct information. That’s why we’re here to help. At WE BUY PHILLY HOMES, we assist you in determining the value of your home free. And if you want to sell your house quickly, we buy and pay cash instantly for your home.
Don’t let the fear of costly mistakes prevent you from selling your house. Contact us today to schedule a consultation for free and discover how we buy your home quickly and efficiently. Let us take the burden off your shoulders and make you an offer and have a home-selling experience that is smooth and hassle-free.