4 Things You Should Know About Listing Costs When Selling Your House in Philadelphia

Naturally, when thinking about selling your house in Philadelphia, the first thing that comes to mind is the profit and how you’ll spend it, followed by how much of the proceeds you’ll pay in commissions, which is the expense of employing a real estate agent. If you’re thinking about selling your home on your own to save money, keep in mind that only approximately one out of every ten homeowners succeeds.

A real estate agent helps you promote your house, finds a qualified buyer, and manages the paperwork, deadlines, and scheduling of other industry professionals like home inspectors. To list the property online, top agents use the most up-to-date technologies and the most popular real estate websites. Continue reading to learn about four things you should know about listing fees when selling your house in Philadelphia.

Prepping

While the fee on the sale may be the most significant deduction from your profits at the closing, you should be aware that when selling your house in Philadelphia, preparation and repairs can often be more expensive. A direct sale of your property as-is to a professional investor like those at Philly Homes And Lots is an option to listing yourself or through an agent. You can bypass the preparation, updating, and even repairs by making a direct sell for your home as-is in Philadelphia to a professional investor like those at Philly Homes And Lots.

Commissions, Fees

When selling your house in Philadelphia, you’ll have to pay agent commissions for the buyers as part of the listing expenses. With agent commissions ranging from roughly 4.5 percent to 6 percent of the home’s value, you’ll spend between $13,500 and $18,000 at closing on a $300,000 home. You may also be responsible for broker fees, as well as the cost of the expert inspection and appraisal, as well as closing costs. Finally, take into account the costs of promotion. When browsing for houses online, today’s purchasers are tech-savvy and have high expectations.The industry standard of the day requires professional photography and often a professional stager to show your property in the best light and compete with other listings. When you work with a professional investor to buy your property, like the pros at Philly Homes And Lots, you can keep the commissions, fees, and marketing expenses in your pocket, and you won’t even pay any closing costs.

Holding

A real estate agent cannot promise that your home will sell or provide you a closing date. Another aspect of listing fees to consider when selling your house in Philadelphia is the cost of holding the property while it is for sale. It can be excruciatingly expensive to wait for customers to come to your door as hours evolve into days, weeks, or even months. While this is going on, your mortgage, insurance, taxes, and monthly utility expenses are still weighing you down. Unfortunately, some agents may give in to their clients’ requests and advertise the property at an inflated price, knowing that as time passes and the pressure mounts, the sellers will agree to lower the asking price. One drawback to this strategy is that the longer a home stays on the market, the less likely it is to sell for the best price. Because of their ability to quickly assess a property’s features and compare it to thousands of other listings, buyers are highly aware of current market value. Likewise, underpricing a home can cause buyers to assume something is wrong and bypass the property.

If you sell directly to a direct buyer, such as those at Philly Homes And Lots, you will have a confirmed closing date. For most properties, a direct sale can be completed in a matter of days or weeks, with the added benefit of being able to choose the best calendar date for your needs.

Philly Homes And Lots

The most essential thing to remember about listing fees when selling your house in Philadelphia is that Philly Homes And Lots will buy your home immediately for cash, saving you all of the listing costs and time. We at Philly Homes And Lots recognize that your home is perhaps the most significant investment you will make in your lifetime, so we put everything on hold to hear what you have to say. We at Philly Homes And Lots wish to assist you in overcoming whatever obstacles you may be facing, whether they be financial or time-related. Our objective at Philly Homes And Lots is to make the procedure as simple as possible, which is why we walk you through it step by step. So, before you decide which way of home sales is best for you, let a direct buyer from Philly Homes And Lots provide you with a comparison of what you would earn by selling the home on the market vs. our offer, which you’ll agree is fair. Call Philly Homes And Lots right now at (215) 385-3055.