Philly Home Investor understands that selling your home is a big decision. Selecting the best method for your specific property and unique personal circumstances, either on your own or with a real estate agent, is one option. The other is selling directly to a professional investor. The best choice depends on many factors and can mean the difference of a profit or losing thousands on a deal.
While most homeowners are familiar with the traditional real estate listing process, many simply are unaware of the many benefits of a direct sale. If you’re ready to sell, we will cover five signs that you would be better off selling your Pennsylvania house to a direct buyer instead of hiring an agent.
PS. Did you know that there are more real estate agents than properties for sale on the market today? Makes it almost impossible to know what kind of agent you will get.
One significant indication that you would be better off selling your Pennsylvania house to a direct buyer instead of hiring an agent is if the thought of showings turns you off. If visualizing dozens of strangers wandering through your home through online virtual tours, or even worse in person, makes you shudder, you’re not alone. Many people are not open to the disruptions that showings cause to their everyday day-to-day life, living at the convenience of others instead. When you work with a direct buyer like those at Philly Home Investor, the public will never view the interior, so you will not ever have to worry about showings.
This is especially true if your property needs a lot of work and repairs, this is usually what most investors and home buying companies are looking for. On the other hand, if your house is brand new or recently renovated listing it with an agent is most likely the best option for you.
Another sign you may be better off selling your Pennsylvania house to a direct buyer instead of hiring an agent is if the style of the home is outdated. Many buyers have specific home requirements, and if the property doesn’t meet them all, the buyers simply move on. Updating the house may require serious renovations that could run into the thousands. Their checklists typically include items such as technological conveniences with modern wiring for multiple devices, space for at least one home office, classroom areas, and private outdoor recreational space with amenities such as pools. If your home just doesn’t stand up to the current demands of buyers, reach out to a direct buyer like the professionals at Philly Home Investor.
Keep in mind if your property needs a lot of repairs there is a good chance that if you list it with a real estate agent they will bring a buyer that will try and use a bank loan. Most times banks WON’T lend money on a property that needs a lot of work or the bank will only offer a certain amount in which case the buyers will ask for a reduction or some type of seller’s assists cutting into your profit.
If you have concerns about passing an inspection, this may just be a hint that you should consider selling your Pennsylvania house to a direct buyer instead of hiring an agent. Homes listed on the market that require repairs typically linger on the market, costing you money as the bills continue. The final sales price is commonly severely discounted to a bargain amount when homes in serious need of repairs sell through the standard listing process on MLS. You can leave the worries about finding a good contractor, living in a construction zone, and all of the expenses of making repairs and the costs of holding the property until it’s ready to sell behind by selling to a professional investor. Direct buyers like those at Philly Home Investor whose passion is helping their neighbors while rehabbing properties in Pennsylvania .
The average cost of repair is about $10,000-15,000 depending on what needs to be completed and even more than that if you plan on renovating a property. It can be $10-15K just for the kitchen to get redone. Doesn’t make much sense might as sell it rather than list it.
Controlling the Closing Date
Suppose your life calls for you to have control of the closing date, whether closing works for you within days or you need the closing delayed for several months. In that case, this is a strong indicator that you would be better off selling your Pennsylvania house to a direct buyer instead of hiring an agent. With traditional listings, you wait for the buyer, then you wait for the inspection, appraisal, underwriters, approvals, and the list just goes on. The bottom line is, the closing date is out of your hands. Not only that, closing is not even promised when you work with a real estate agent. The agent may never bring you a buyer that can close successfully. A direct buyer like those at Philly Home Investor can guarantee your closing date, which means you can rest easy because of the power of cash. Because a direct buyer won’t be moving into the property and can be flexible, you can set the closing date at your convenience.
Typically companies like Philly Home Investor can close in as fast as 14-30 days if not faster if all paperwork is in order from the sellers.
Commissions and Listing Expenses
Suppose you just can not bring yourself to pay an excessive commission or worry about all of the fees and costs of listing, such as marketing, photography, and staging and handling the paperwork yourself. This points towards your selling your Pennsylvania house to a direct buyer as a better solution than hiring an agent. With a direct sale, you skip all of the costs and fanfare that goes with listing a home, and you get your fair offer all in one fell swoop. Saving you money on prepping to sell, not making any upgrades or repairs, or holding on waiting for buyers that never come is how a direct buyer like those at Philly Home Investor saves you time and money.
Are you ready now? Selling your Pennsylvania to a direct buyer is the best choice when you want to save time and money. Call Philly Home Investor at (215) 322-1648 or send us a message today!.