219. How To Really Run The Numbers When Reviewing Offers For Your Castle Shannon PA House

We buy houses in Castle Shannon PAWe Buy Houses In Castle Shannon Pennsylvania. We purchase cash for houses in Castle Shannon especially for homeowners who need to sell fast for cash. When reviewing offers for your Castle Shannon PA property, it important that you know how to correctly run the numbers. Just because an offer looks good on paper, doesn’t mean it is the best choice for you. Learn more about how to crunch the numbers in our latest post! 

While the highest offer might appear to be the best, this isn’t always the case. There are many numbers you will need to factor in when reviewing offers for your Castle Shannon PA house. As local homebuyers in Pennsylvania, we discuss below some of the costs you may face when selling your home in the Castle Shannon PA area.

Closing Costs In Castle Shannon PA

With a traditional sale to a private buyer, a seller can expect to pay about 2-5% of the final sale price in closing costs. While this varies by the transaction, you’ll want to budget at least 5% to closing costs to ensure you are covered. You don’t want to be surprised at the closing table, owing more than you had planned for.

Repairs In Castle Shannon

Cash for houses in Castle Shannon PAWhile reviewing offers for your Castle Shannon PA house, you’ll want to consider all of the costs you encountered making repairs and fixing it up. Repairs aren’t always cheap, and you will likely have to face them before putting your Castle Shannon PA property on the MLS. In addition, your potential buyer will likely attempt to negotiate even more repairs once the inspection has been completed. Spending money on a property you ultimately want to sell can be extremely frustrating, with a direct sale, you’ll be able to keep that cash in your pocket.

Other Contingencies In PA

There are all kinds of contingencies a buyer might put in their contract. Having a contingency protects the buyer should something go wrong. If there is a problem with the property, they will be able to back out of the sale without any penalty. Some common contingencies include things like not being able to sell their current house in time. If their lender backs out of the deal. And if the inspection comes back with a significant number of repairs that need to be made.

Timeline In Pennsylvania

How fast will your buyer be able to close? As any property investor will tell you, the longer you hold on to a property, the more it will end up costing you. Holding costs can add up quickly, eating into your profits. While the property is on the market, you’ll have to continue paying for things such as homeowners’ insurance, property taxes, utility bills, possibly a mortgage, and routine maintenance on the property. You are responsible for these items up until the day of closing. If your house sits on the market for a while or if your sale falls through, you could find yourself stuck paying these costs for the next several months.

Risk In Castle Shannon Pennsylvania

When reviewing offers you’ll want to calculate the risk involved in the sale. If your buyer is using financing, you’ll want to be prepared just in case things fall through. Often times, a lender will back out of the deal if a property appraises too low. Sales fall through every day, and you’ll want to be prepared if yours does too. If you’re working with a buyer who is using financing, make sure they are pre-approved, not just pre-qualified. If you choose to sell to a cash buyer, your risk of things Sell my house in Castle Shannon PAfalling through drops significantly. Cash buyers for houses will have the money ready to go before making an offer for your property. This will save you days or even weeks as opposed to dealing with lender requirements. When you sell directly, you won’t have to deal with appraisals, inspections, repairs, or any red-tape from a lender.

If you choose to work with a local Castle Shannon PA real estate agent, you’ll have to commit to a listing agreement. Once you have entered into this agreement, your agent will be entitled to their commission, or at least a part of it, no matter how the house sells. However, if you are able to find a reputable buyer such as Dustin Buys Houses before hiring a Castle Shannon PA agent, you’ll be able to instantly save on commission costs. This can be upwards of 6% of the final sale price that you’ll be able to keep in your pocket. This could amount to thousands of dollars you will e able to use for your next property should you so desire.

Appliances And Fixtures In Castle Shannon

Sometimes when selling a house, the furniture, fixtures, and appliances will all come into play. Does your potential buyer want to keep any of these items or will you be taking everything with you? If you are leaving any items with the new buyers, you’ll want to factor in how much it will cost you to replace these items. Having to replace appliances, fixtures, and other items in your new home can cost a fortune. Make sure you are prepared for these replacement costs before accepting an offer for your Castle Shannon PA property.

Sell My House In Castle Shannon PA

If you sell your house in Pittsburgh and received multiple offers from property buyers, you might be asking yourself, “What do I do now?” As professional Pennsylvania home buyers, We advise you to always make sure you run the numbers yourself so you know exactly what to expect!

Reviewing Offers For Your Castle Shannon PA Property? We Can Help! Send Us A Message Or Give Us A Call To Get A Cash Offer For Your House Today! (412) 688-6311