The statistics demonstrate that home prices are still increasing and that there is a low supply of available properties, despite the fact that real estate markets undergo changes and a cooling trend. The current market is still regarded as a seller’s market due to the rule of supply and demand. However, just around eight months’ worth of supply is present, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The St. Louis Federal Reserve reports that properties spent an average of 50 days on the market in September 2022, which is about 20 days longer than in May 2022. This is in addition to a small slowdown in home sales.
As you prepare to sell your house, you must comprehend the mindset of potential buyers. Today’s buyers may instantly evaluate hundreds of listings, so in order to sell your house for the most profit in the shortest amount of time, it must stand out from the competition. So read on as we explore these five tips for selling your Philadelphia house in the current market.
Prepping
Our first tip for selling your Philadelphia house in the current market for the best price means you will be prepping for the sales process. Real estate agencies hire expert stagers to present homes in the best possible light, and frequently ask owners to remove extra items and furniture that don’t go well with the design and store them off-site. Additionally, a fresh coat of paint is needed at the very least unless your house is spanking new. A dated interior can frequently benefit greatly from new flooring and cabinetry. The preparation you might need to undertake before the sale and the value it will contribute to your bottom line can be better understood with the aid of experienced buyers like those at Philly Home Investor. Of course, if you would rather skip the prepping, a direct sale to one of the local professional buyers at Philly Home Investor may be your solution.
Repairs
If your Philadelphia home needs repairs and you want to sell it in the current market, you should be ready to do the necessary repairs or anticipate having to pay for them during discussions with prospective buyers. Buyers frequently ask for larger discounts than it would cost them to make the repairs themselves. Selling your home directly to experienced purchasers like those at Philly Home Investor is another alternative if you don’t have the money, the time, or the desire to make repairs to it.
Marketing
To fulfill buyers’ expectations for selling your Philadelphia home in the current market, top brokers know that high-quality digital professional images and 360-degree drone footage for a virtual tour are among the costs of marketing your property. Professional purchasers like those at Philly Home Investor can buy your house directly if you’d rather keep your cash in your own pocket and avoid marketing.
Showings
Making your property as accessible as you can is important because showings are a necessary part of the process. You should also create a plan with your family members for what to do when a potential buyer comes to town. Don’t forget to remove any evidence that a pet is there in the house as well. You can sell your property directly to experienced buyers like those at Philly Home Investor if you’d rather avoid the inconveniences of showings and don’t want the interior to be visible online.
Price
Selling your Philadelphia house quickly in the current market may depend upon your targeting the right listing price from the start. When sellers play with the numbers and list too high or too low, costly consequences can add up to additional days on the market and push the home’s value down in the buyers’ eyes. Overpriced homes are apparent to buyers who will simply scroll by the listing, and homes that are undervalued leave questions in the minds of buyers, such as what is wrong that is unseen or unmentioned in the listing. Because of our emotional attachments to our homes, it is often difficult for sellers to come to terms with the current market value of their homes. However, with the help of professional buyers like those at Philly Home Investor, you will have a thorough understanding of what your home could realistically sell for on the Philadelphia real estate market.
The professional buyers at Philly Home Investor will lay out all the details on the table, so you can compare what you’d sell for with a listing vs. an offer to buy your home directly so that you will agree our offer is fair. The professional buyers at Philly Home Investor will also provide you with a guaranteed closing date, typically within a matter of days. And, because our professional buyers at Philly Home Investor are investing and not moving in, we are happy to arrange the closing with you for a more convenient date. Call Philly Home Investor at (215) 422-3288.
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