johntaylorspain As Philadelphia continues to grapple with its housing affordability crisis, the city’s real estate industry is evolving. A growing number of homeowners are opting to sell their property directly to investors rather than through a realtor. This new approach to the sale process is known as selling to a cash home buyer in philadelphia. But what are the pros and cons of working with such companies?
How can I market my house to sell fast?
Selling to a Local Company
In Pennsylvania, many local cash home buyers can offer you a fast, straightforward transaction. Cash home buyers in philadelphia may also have a better feel for your region’s market than national companies. They’ll usually buy your property as-is, which can save you money on renovations and repairs. However, they won’t be able to take advantage of tax benefits like the homebuyer’s federal capital gains exemption.
A Local Company Can Provide a Faster Closing
Unlike a realtor, local cash home buyers can often close the deal on your property in as little as 30 days. Moreover, they can skip steps in the traditional selling process such as open houses and walk-throughs. Consequently, you can avoid expensive listing fees and potential delays in closing the deal.
When choosing a local company, make sure they have a good reputation and plenty of positive reviews on credible third-party websites like Google. In addition, look for testimonial videos featuring real customers. Lastly, a reputable buyer should be able to verify their funds with an official proof of funds letter from their bank.