Sell fast Philadelphia with FSBO, here’s what you need to know. Do you want to sell your home by owner (FSBO) in Philadelphia and are wondering whether you can actually pull it off? Well, you will eventually be able to. However, while there are several benefits to going the FSBO route, there are numerous challenges along the way that can make it challenging to sell fast Philadelphia. Because we buy houses Philadelphia we know what it takes to sell fast.
7 Things You Should Know About FSBO Selling in Philadelphia
1. You Have a Limited Network
You might mistakenly believe that you don’t have a limited network since you are extremely connected to your community. However, your network cannot match that of most real estate agents who have extensive national or international networks through their brokerages.
Real estate agents regularly attend community and networking events and are extremely knowledgeable about what buyers are looking for as well as how and where to find them. Having access to a large buyer network is not something that many homeowners have.
2. You Need to Undertake Renovations/Repairs
To ensure that your home is appealing to potential buyers, you will need to fix it up. That means renovating your dated kitchen, repairing your leaky old shower, and other similar repairs/renovations.
The repairs/renovations are aimed at making your home appear pleasing to potential buyers so that they would actually want to live in it. A buyer isn’t looking to buy a project, but a finished home that they can move into immediately. Unfortunately, the repairs/renovations won’t add value to your property.
3. You Need to Know How to Market Effectively
If you want to sell fast Philadelphia, you need to know how to effectively market it. If you use a realtor, the marketing will be their responsibility, not yours. They will have all the marketing resources and listing places. They know of the interested buyers and can show them the property.
If you choose to go the FSBO route, where it is you selling your house yourself, you can expect to face challenges getting it in front of people. This can make it challenging to sell and can end up taking longer than you anticipate.
4. You Need to Price It Right
Selling a home can be challenging if you don’t price it right. Unfortunately, pricing it right can be challenging if you don’t have the proper tools. Real estate agents usually have a variety of research tools to help them determine the most suitable list price.
If you price your home too low, you may end up losing significant funds, which are far more than you would have had you hired a realtor. If you price it too high, the property might end up sitting on the market for too long, leading to eventual disinterest from buyers.
5. You Need to Find Qualified Buyers
You have to be extra cautious when it comes to selling your home. The vast majority of people that are looking at your home might not actually qualify to buy it. Buyers that work with agents will only be there if they are sure that they can qualify for the home.
The difficulty in finding qualified buyers can make it challenging to sell your home on your own. If the buyer decides that they would like to buy the property but don’t actually qualify for it, the sale will probably fall through, which translates to wasted time without any sale in sight.
6. You Should Remember That Bargain Hunters Target FSBOs
Buyers that are looking for a bargain usually go to the FSBOs first. Even if you thought that you had done all your research and priced your home right, there’s still a strong possibility that it is below the market.
Since it happens so frequently in the FSBO world, bargain hunters may tend to gravitate to your listing first. This may lead to a lot of wasted time on your part by answering their questions and trying to talk them into coming up on an extremely low offer.
7. You Should Remember That It Takes a Lot of Time
After considering all the things discussed here, you are probably realizing that selling via FSBO takes a lot of time and patience. Even if you end up finding a buyer that’s interested, they may not qualify or may back out at the end, which means that you have just wasted a lot of your time. Selling your home by owner can take anywhere from 6 to 12 months and it can cost a lot of money to fix it up. Is that the best option to “sell my house fast Philadelphia?”
Do You Want To Sell Fast Philadelphia?
If you want to sell fast Philadelphia but are worried about the 7 factors above posing a challenge, contact Home Cash Guys today at (215) 278-4581 today. We are cash house buyers who are willing to buy your house as-is, which means that you won’t need to put any more money into a property that you are no longer living in!