There are several advantages to selling your house on the open market, including a higher sale price. Depending on the condition of your property, traditional buyers may fall through, and they may also require repairs or inspections, which can add stress to the process. Companies that buy houses in Philadelphia pay up to 70% of the home’s market value, after deducting any overhead expenses. A typical example would be a $300,000 home that needs $25,000 in repairs. You could expect to receive an offer of $185,000 if you sell on the open market.
Is it better to get a 15 year mortgage or pay extra on a 30 year mortgage?
We buy houses in philadelphia, make sure to choose a reputable, ethical Philadelphia house buying company. While it may be tempting to make an offer to an unfamiliar company, you may end up being the victim of fraud. Scammers are only interested in making a quick buck, so they’ll quickly move on to the next person who doesn’t ask questions. Instead, choose a reputable company that has a long-term business model, a commitment to community development, and a commitment to transparency.
In Philadelphia, a home typically spends 42.5 days on the market before receiving an offer. Then, it takes another 30 or 45 days for the closing process. This timeframe can include multiple appraisals, inspections, and further negotiations with the buyer. In addition, if the buyer’s financing is denied or an issue arises, the house has to be put back on the market. By contrast, a cash offer won’t take as long to process, because the buyer has immediate capital to complete the transaction.