It’s no secret that buying a house is a major life milestone. But if you’ve hit hard times since purchasing your home, your dire financial situation may mean you’ll have to sell — and fast. Under normal circumstances, preparing a home for the real estate market isn’t for the faint of heart. There are often many steps involved including making repairs and renovations, finding a real estate agent, listing your home on the market, finding a buyer, and navigating the closing process. But when you need to turn your house into cash quickly, you simply don’t have time to do all that. When you sell your house to Philly Home Investor, you can skip all these extra steps:
Major Repairs
Homeowners often feel pressured to make major repairs and renovations before putting their house on the market. They fear that costly imperfections and maintenance issues could be scaring away potential house buyers. Unfortunately, these homeowners may not be able to afford these repairs and will likely not recoup the costs in their sale.
This is not a problem you’ll have to face with Philly Home Investor. If you don’t have it in the budget to make these major repairs, we’ve got you covered. We’ll take your house off your hands as-is, no repairs necessary.
Paying a Real Estate Agent
Many home sellers expect to pay 5% to 6% in real estate agent commissions after their house has been successfully closed on. But if this is your first time selling a house, you might be surprised to find out about the hidden costs. When you go through an agent, you may be hit with closing costs, necessary repairs, concessions to the home buyer, and more. Home sellers may find themselves looking closer to paying 10% of their sale price.
With Philly Home Investor, you don’t need to worry about these hidden costs because you don’t need to make expensive repairs, pay a real estate agent, or sweat closing costs. With us, selling your house is a simple process that won’t cost you extra. We don’t take commissions, and you won’t see any fees or tricky gimmicks.
Navigating Your Mortgage
When you sell your house, your initial mortgage doesn’t go away. You’ll often be expected to pay off the remaining balance of your loan when you finalize the sale of your house. That’s where things get tricky.
To get a better understanding of just how much they owe on their home, an owner will often need to contact their bank. They will then need to calculate how much they owe, their target sale price, and the total cost of selling the house. It all gets very complicated.
Selling your house the “traditional” way, if your property went down in value and you owe more than what your house is worth, you may not make enough money on the sale to pay off your mortgage, pay your realtor, and pay for the closing costs on the house. With Philly Home Investor, you don’t need to worry about making these additional payments on realtors and closing costs. We offer a streamlined solution so you can sell your house quickly no matter its condition.
The Solution: Know Your Options
Philly Home Investor provides home sellers an alternative to the uncertainty and overwhelming stress of a traditional real estate sale. We understand how challenging it can be to sell your house, especially in a slow market like the one we’re in right now amid the COVID-19 crisis. If you’re ready to sell, reach out to us. We buy houses as-is and will give you a fair all-cash offer almost immediately. To learn more about how our home investors can help you during your home selling process, contact Philly Home Investor today for more information.