If you’re working with a real estate agent, you may find yourself walking away from the closing table with much less cash in hand than you had anticipated. Unfortunately, it’s not as simple as sticking a sign in the yard and calling it sold. There is a great deal of preparation and expense involved in listing a home on the market; at minimum, you’ll likely need to add a fresh coat of paint and update any out-of-style decor. Staging your home using neutral tones and eliminating any personalized belongings is also recommended. In addition, professional digital photography is now the standard because marketing today requires high-quality imagery to attract buyers as they scroll by listings online.
Once you’ve done all of your prep work, it’s time to sit back and wait for the showings, pack up your kids, hide all evidence of any pets, and find entertainment for your family outside of the house when your agent calls and wait for the right, qualified buyer to appear. If the outlay of funds before the sale and the long, drawn-out listing process doesn’t sound enticing, read on as we explore five reasons why listing your house with an Philadelphia agent may be a mistake.
Often, homeowners set an emotional value on their property and believe it’s worth more than the current market value. It may be a mistake to list your house with an Philadelphia agent if the agent agrees with the price you think the home is worth instead a realistic number. If it sounds too good to be true, it is. Unfortunately, you learn too late with these agents as this arrangement often changes after the listing is lingering on the market and the agent begins to hint at price drops as a fix. The problem with this scenario is twofold, more time on the market means a lower final sales price, and an agent shouldn’t do everything you say and do; remember, you’re paying for their expertise to guide you. On the other hand, by working with a direct buyer from Philly Home Investor, you’ll see what you’d earn from listing your home versus our offer, which you’ll agree is fair. We do this at Philly Home Investor because we believe you should know all the numbers to decide which sales method is best for your circumstances, and [direct buyers] never charge commissions, and there are no hidden fees.
When you add up the listing costs, it may be a mistake to list your house with an Philadelphia agent if you haven’t ensured that you‘ll easily pass the inspection phase of the sales process and appraise at value, both requirements for your buyers to qualify for their loan. Unless your home is brand new or in like-new condition, you may find yourself paying thousands out-of-pocket and quickly depleting the profits you were counting on from the sale of your home. Another reason properties may remain on the market for many days is if there are obvious signs of the property being in a state of distress in the listing photos. Buyers seek homes in ready-to-move-in condition, so they are likely to be at bargain-basement prices if you get offers from your listing. Lowball offers can be very upsetting for sellers that do not have a realistic picture of the current market value of their property in its present condition. As an alternative, a direct buyer from Philly Home Investor will buy your home for cash; as-is, we’ll take all of the risks of repairs onto our shoulders so you can move on with your life.
If you’re counting on a quick sale, it may be a mistake to list your house with an Philadelphia agent. One thing a listing agent cannot provide to you is a closing date. Therefore, they cannot even guarantee that your home will sell. Add to these delays the possibility of problems with your buyers failing to qualify for financing or backing out of the deal if the inspection reveals significant issues. With our full-service team of professionals at Philly Home Investor, we can move quickly from making the offer to the inspection and often sit down at the closing table in just a few weeks. When you sell directly to Philly Home Investor, we have the flexibility to set the closing date when it’s most convenient for your plans, too.
If you’d rather skip the listing hassles and save the commissions and closing costs, it may be a mistake to list your house with an Philadelphia agent; a direct buyer from Philly Home Investor may be just the solution you seek. Why not find out how Philly Home Investor can help you with a no-obligation consultation? Our goal at Philly Home Investor is to make it easy for you to earn the highest profit on the sale of your home. Call Philly Home Investor at (215) 422-3288.