We Buy Houses Philadelphia

Discover How to Sell Your House Fast

How to Sell the House that Won’t Sell

Your house has been on the market for months with little or NO interest.  There are ways you can do to Sell Your House Fast!

Reduce the Price — The important thing to keep in mind is that the property won’t sell if it is priced above comparable homes in your neighborhood. The best way to determine this is to know what similar homes in your neighborhood recently sold for. By recently sold for, I mean the last 3-6 months of home sales.  People in the real estate industry call these recent home sales comparables or comps.

Contact a Real Estate Investor — When you contact a Real Estate Investor (CMT Real Estate if you are in the Philadelphia Area), you are dealing directly with someone who wants to buy your house – not list it for sale. Good real estate investors will educate you regarding the market and you home. If you are looking for a very quick sale, or if your house is not in prime condition, this is often your best alternative. Once you call an investor, they will ask you about your house, the repairs that are needed, your current situation, and why you are selling your home. They’ll use that information to create an offer that works both for you and for them. Generally, they will close (buy your house) as quickly as you need, or stretch out the closing date if you need additional time.

Provide Seller Financing — The home seller becomes the bank in this example.  For example if the seller owns the house free and clear (no mortgage) and the seller does not need cash now (typical home sale), then seller can have the home buyer makes equal, monthly payments until the agreed upon selling price is paid off.

Offer a Lease with Option to Buy – Only use when you know the buyer can qualify for a mortgage in 6-24 months.  Your prospective Buyer rents the home with an option to buy within 6-24 months.  The buyer pays an option fee of 3%-5% of the purchase price to the Seller. In addition to this down payment, the Buyer/renter pays a monthly rent.

Consider another Real Estate Agent — This will cost you 6% to 7% of the purchase price at settlement and you may still have to lower your price to sell your house fast.

Tell everyone in the neighborhood — Buy a marketing list and mail to renters in the area.  Advertise with home for sale signs at major intersections and direct people to your house.

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May 2, 2011 - Posted by | Uncategorized | , , , , , ,

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