Key Questions To Consider When Selling Your Philadelphia House The Traditional Way

By Author: Diamond Equity Investments
Total Articles: 8
Comment this article

Philly's got history, culture, and a way better cost of living than most East Coast cities. It's got that big-city vibe but still feels like a small town. If you're thinking about selling your home here, these are some sweet perks for potential buyers. But if you're going the traditional route, make sure to ask yourself these key questions before putting your place on the market.

1. How Long Will It Take To Sell My House?

The length of time it takes to sell your house via the conventional method mostly depends on where you live and how the local real estate market is doing right now. A few other factors that may come into play are your listing price, the state of your house, and your (or your agent's) skill at marketing and staging. In general, though, data from redfin.com shows that the average Philadelphia home is on the market for 43 days. It varies greatly by state, of course.

2. How Much Does Selling My Home Cost?

The costs associated with selling a house are high. Fortunately, you usually don't have to pay them the whole amount upfront. Most are taken out of your sale's revenues ...
... upon closing.

Here's the breakdown:

• Real estate agent's commission: 5-6%
• Repair costs: varies
• Staging and prepping your home: 1%
• Seller concessions: 1-2%
• Homeownership and overlap costs: 1%
• Closing costs: 1-3%

Just know that homes needing a lot of repairs might take longer to sell and fetch less cash.

3. How Much Is My House Worth?

Two primary factors decide your home's value: its condition and the demand for similar homes in the market. To estimate what your home could sell for, check out comparable sales (often called "comps") that match your home in size and condition. This is how real estate agents determine the right price for a house. However, cash home buyers in Philadelphia are able to make you a fair offer regardless of its condition and value.

4. Should You Pay to Stage Your Home?

Staging can be worth it, especially if your home's cluttered or empty. It makes your place look more appealing in listings and showings. According to Angi, staging costs between $778 and $2,839, depending on your home's size and effort needed.

5. Should I Make Repairs Before Listing the House?

Many buyers, especially younger ones, want a "move-in ready" home. So, making some repairs before listing can make your home more attractive and valuable. For smaller cosmetic fixes, it's usually a good idea. For bigger issues, like a bad roof or broken AC, you have two choices: fix it yourself or adjust your price. Buyers won't pay top dollar if they know there are costly projects waiting.

What If My House Isn't Selling?

Sometimes, selling a home takes longer than you'd like. Philly's housing market can be slow, but if you're looking to sell fast, you've got options. Reliable "We buy houses" companies are quick. At Diamond Equities, we buy houses in Philadelphia no matter the condition or situation. You won't need to make any repairs when you sell to us. If you need to sell your house fast for cash in Philadelphia, we're here to help you out.

Author Bio

The author is a leading cash home buyer across Atlanta, Philadelphia, and Chicago, operating as one of the largest direct home-buying firms in the U.S. Their mission is to help homeowners sell a house fast in Philadelphia for cash without any hassles. They specialize in purchasing homes, condos, and apartment complexes. For more details, visits https://diamondequity.com/philadelphia-we-buy-houses/