Philadelphia, Bucks County, & Montgomery County Pennsylvania

Free Tips on Selling your house Fast

There are many people out there that call themselves home buyers.  As sellers you have to be very careful.  Many of these so called home buyers took a course one weekend  on how to get rich flipping properties with no money down.  These people will make you an offer and sign a simple agreement with no money down and a 90-Day settlement.  Then they will hunt around trying to find someone to buy it for more than they offered you.  After 90-Days if they don't find someone to buy the house for more, they walk away and just stop taking your calls and you just lost 90-Days of you life and still own the property you don't want.

If your objective is to sell your house fast and your potential buyer has cash and is legitimate, then be sure to do the following. 

1. Sign an agreement with a 7-14 Day settlement.  (this is negotiable to fit both the buyer and sellers needs)  If the title is clear and baring any unforeseen problems, this should be enough time.  If the buyer wants a long settlement period  First Red Flag.

2. Have the buyer give you a non refundable deposit of at least $2,500.00.  This can be held with the title company.  Keep it if they don't follow through with the deal.  Anyone who is not legitimate will not give this to you.  If the buyer won't give this to you, Second Red Flag.

3. Have the buyer show you where the balance of the cash is coming from.  Bank statement, money market account, letter from a banker, etc.  This is standard practice in business and if you had a realtor, they would want them to confirm that they can follow through with what they are agreeing to do.  If the buyer won't give this to you, Third Red Flag.

4. Get references.  Sometimes this is the first and only real estate transaction some people will ever do and you are very uncertain and nervous.  This is normal.  References from people who were in your shoe should and will make you feel more comfortable with whoever you are selling the property to. 

   If the buyer won't give this to you, fourth Red Flag.

If you sell you house to me, I guaranty I will do the following after agreeing to a purchase price and mutually agreeable terms:

1. Sign and agreement of Sale with a 14-Day settlement

2. Give you a non-refundable deposit

3. Show you a bank statement of letter from my bank acknowledging where the balance of the purchase price will be coming from.

4. References of people I purchased properties from.