Should you take a cash offer for your Philadelphia house?
I’ll tell you how to sell any property for cash, some reasons to refuse a cash offer – and when you shouldn’t say no.
Selling My House for Cash in Philadelphia
If you’re selling a property in Philadelphia to a retail or end buyer – the person living in the home – chances are good it won’t be bought with cash.
Most transactions close with a bank loan, because most buyers don’t have large lump sums of money to purchase a house. Of course, this isn’t anything new.
Even most investors don’t close transactions with cash. They usually use their own lenders, who can provide cash but it alleviates the investor from having to come directly out of his own pocket. These lenders can be private money lenders or even hard money lenders. It’s easy to let a bank or lender share the risk, even if you have the money. Most investors financially spread themselves too thin which prevents them from being able to take on more projects to generate more money.
At EZ Real Estate Solutions LLC we don’t spread ourselves too thin, because our primary goal is to build stable communities around Philadelphia.
In most cases, we’ll pay cash for your Philadelphia Pennsylvania property. Or if our cash offer isn’t a good fit for you then we can provide you with other options to get your house sold, including listing it on the open market for you in order to get top dollar.
The Benefits Of An All Cash Sale Of Your House
There are several benefits of a cash sale:
- Fast closing
- Everything is on your timeline
You don’t have to deal with the hassles of waiting months for a buyer to get a mortgage, only to be told that the lender eliminated the program and you’re back to square one.
You don’t have to list your house with a real estate agent and pay a huge commission.
You don’t have to deal with a lot of people just “kicking the tires” and checking out your property for fun. We don’t waste your time. This is our business.
You don’t need to paint, make repairs, or even clean up. We take properties just as they are. You won’t waste money on junk haulers or contractors.
You don’t need to deal with any paperwork. We have it all covered.
The biggest benefit is the peace of mind that comes with a cash sale because if you sell to us, you can count on us to close. Once we agree and the one page purchase agreement is signed, then you don’t have to worry about anything else besides collecting a check in as soon as 2-3 weeks.
Working With A Reputable Philadelphia House Buyer / Investor
There really aren’t that many steps when it comes to selling your house for cash because it’s a very simple process. It’s so much more easier to sell for cash than it is to sell to a traditional home buyer who will be looking to qualify for a mortgage.
In general, you need to always make sure that your cash buyer is reputable. Simply do a google search of local homebuyers in Philadelphia or call us at 215-770-0260 and we will give you a cash offer within 24 hours. Once you find these homebuyers, look to see if they have reviews or testimonials of their services to make sure they would able to help you. You can go as far as contacting these people that they include in their testimonials if you want to go the extra mile to confirm they are legit.
At EZ Real Estate Solutions LLC, we offer great references of past sellers we’ve helped, we can show you examples of some of the latest projects we’ve worked on, and we’ll be happy to answer any questions you have so you feel comfortable.
When You Should Say “No” To a Cash Offer
There are some caveats that come with selling your home for cash. One important factor to take into consideration is that most times a cash offer will be a discounted price. So if you are not willing to take a discount on your property in exchange for speed, convenience and all the other benefits mentioned above then a cash offer might not work for you.
Homeowners who are less willing to take a cash offer are usually in good financial situations where they can afford to make repairs to the property and have the patience to deal with the usual 3-6 month process of listing with an agent and selling the traditional way. However, some homeowners who may be in a bind find that selling for cash is in fact the most simple process to be able to move on from their home.
At EZ Real Estate Solutions LLC we pride ourselves on being a strong part of the Philadelphia community. Our local mission is to help local Philadelphia Pennsylvania homeowners who need to sell your Philadelphia house fast do it quickly, at a price fair to you, and to help improve the beauty of neighborhoods one house at a time. We’re here to help you make the best decision possible that will help you move forward in life.
If you’re wondering about selling your house for cash in Philadelphia or just need to sell a property near Philadelphia, we can help you.
We buy properties like yours from people who need to sell fast.