We Buy Houses Philadelphia

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Methods for Selling Your Philadelphia Area House

There are four methods for selling your house, with advantages and disadvantages to each. How fast you will sell your house is dependent on how many other houses are on the market; the current desirability of your neighborhood; the price you are advertising compared to the others on the market; and how your house compares in size, condition, and amenities to the other houses on the market.

  1. The first is to employ the services of a real estate agent. They are trained professionals who will assist you in finding a buyer, and will help you with the various steps along the way. They charge a commission based on a percentage (usually between 5% – 7%) of the sales price.  The agent should know the market that your house is located and you want to know what the real estate agent’s marketing plan is.
  2. You can also go the For Sale By Owner (FSBO) route and save the commissions that you are charged. When you choose this method, you do the marketing and the advertising of your home to find a buyer. You are in control throughout the whole process. It will be up to you to handle the incoming phone calls; schedule the showings; “sell” the house; negotiate the terms of your agreement; and complete a Purchase and Sales Agreement. 
  3. A variation on the FSBO is to use a flat fee listing service company which will charge you a flat rate fee to help you market your house to find a buyer. These companies provide marketing tools and some training on how to locate a buyer and negotiate a deal. The difference between them and a real estate agent is that they show you what to do, and you do it. The agent, on the other hand, handles everything for you. 
  4. The final method is to sell directly to a real estate investment company, like CMT Real Estate, which purchases homes, just like yours for cash. These companies are individuals in your community who are looking to buy homes on a regular basis. You contact them, tell them about your house, and if they are interested, they will make an offer to purchase your house very quickly.

In my next post I will discuss the advantages and disadvantages of each of the above 4 methods.

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February 10, 2010 - Posted by | Uncategorized | , , ,

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